- SleeFi is a lifestyle app, which uses the sleep-to-earn mechanism.
- This web3 app helps people suffering from insomnia.
- SleeFi has native cryptocurrency SLFT, and its governance token, SLGT.
With the increasing demands for cryptocurrency, people are looking for ways to make money online. This has directly influenced the growth of NFTs among crypto enthusiasts. Now, NFTs have become more open for businesses to earn profit. Moreover, this new way of making profits has been also embraced by the gaming world.
Play-to-Earn games are becoming ubiquitous with the advent of blockchain technology. These crypto games are the latest sensation in the crypto world, with players or users earning rewards in tokens or NFTs for playing a game they love.
Here is how the SleeFi P2E game fulfills the players’ needs and meets their expectations. SleeFi is not like play-to-earn games, even though they operate with similar principles. With SleeFi, you sleep to earn.
What is SleeFi?
SleeFi is a Web3 lifestyle app built around an essential daily activity for most people – sleep. It is being developed as an innovative project leveraging the sleep and earn model. In this app, the users will get beds in the form of NFTs with which they can earn rewards and tokens. With the tokens, they can decide to stake, exchange, or trade for a profit.
Why should you use SleepFi?
Research has proven that most depressed people suffer from lack of sleep, a condition known as insomnia. In such a situation, SleeFi helps to battle insomnia and stay healthy and gives rewards to the users.
Among the app’s ability to cater to physical and mental health, it also gives access to a vast array of services as follows:
Decentralized finance, DeFi
GameFi system (Gacha Function)
NFT minting, and a host of other exciting services.
These services are powered by the app’s native cryptocurrency, SLFT, and its governance token, SLGT. The beauty of SleeFi is that while earning from sleeping, it helps improve the lifestyle of users.
How to Get Started with SleeFi
To enjoy the benefits of SleeFi and join the ongoing campaign, users can follow the following steps to get started and stand a chance to win lots of rewards.
Download the SleeFi app
Sign-up for SleepFi
Create a new wallet
Transfer AVAX into your in-app wallet
Purchase Bed NFT, and start sleeping.
With this, users can get ready to begin earning tons of rewards and tokens from SleeFi.
The team aims to launch the application on AppStore and Google Play Store this September. Also, more updates will be informed soon.
What are SleeFi Tokens?
SleeFi has two tokens. The SLFT and the SLGT.
SLFT is the main token of the game, which users use to improve their bed NFTs or mint more NFTs. The tokens are earned daily, and users get them when they hit “stop” after sleeping.
This is the DAO/Governance token of SleeFi, earned by users after sleeping, especially with high sleep duration and quality. It is also earned from the lucky box. The SLGT can be used for:
Increasing the level of players’ bed NFTs
Taking part in the decision-making process of DOA/Governance.
How Does SleepFi Work?
SleeFi works by letting its users calculate how much sleep they have daily and earn exciting rewards for it. The rewards and tokens users get after sleeping are proportional to their sleep quality and duration.
To do this, each player needs to hold a bed NFT of different types and has five unique attributes. Significantly, users cannot measure their sleep whenever they want. They can only do this once daily; to do that, they need energy, which is restored after 20 hours since they have measured once.
Many factors affect the duration that can be measured when a user sleeps, and the most important is the type of bed NFTs. The higher the quality of the user’s bed NFTs, the higher their sleep quality, and the more rewards they make.
Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies.