LOFI - Watch2Earn reimagines what the live streaming ecosystem can be, making watching videos more productive and rewarding.
About the LOFI - Watch2Earn platform
Viewers lead the LOFI - Watch2Earn streaming ecosystem by watching, earning and contributing to a sustainable industry. The LOFI team reinvents a healthier streaming ecosystem and bridges the lifestyle between Web2 and Web3.
Starting with the LOFI EQ app, live streaming fans will be able to monetize their views and see their donations reach streamers with the LOFI EQ donation feature.
Other features:
| 1. | LOFI EQ — a Watch-to-Earn social entertainment platform, designed for live viewers to provide greater rewards for their watch time ($BUZZ, $LOFI), direct ways to donate to their favorite streamers and entertainment. |
| 2. | In turn, $BUZZ/$LOFI can be used in the app to unlock certain features and improve NFT viewers, or they can be traded on third-party exchanges. |
The goal of the LOFI project - to create a more resilient streaming ecosystem that extends Web 3 concepts such as decentralization and community management to live streaming fans.
LOFI Pods — NFTs, used in the LOFI EQ app to earn $BUZZ tokens. LOFI Pods NFT can be purchased by creating at a specially set time, announced on LOFI social media. Once minted, LOFI modules can be purchased from the in-app marketplace.
$LOFI token
A native cryptographically secure interchangeable token of the LOFI platform ($LOFI) is a portable representation of the attributed control and utility functions, specified in the LOFI platform protocol/code, and is intended to be used solely as an interoperable utility token.
The purpose of introducing $LOFI - to provide a convenient and secure method of payment and settlement between participants. They interact within an ecosystem on the LOFI platform, without any intermediaries such as a centralized third party/institution/loan.
In particular, $LOFI can help to unlock features in the app, participate in sweepstakes,and give hints to their favorite streamers. This will allow streamers to be rewarded for creating their content or for paying in-app transaction fees.
$LOFI will also act as an incentive that will be distributed to encourage users to make efforts to contribute and participate in the ecosystem on the LOFI platform.