Hey guys 🙋♂️,
I have this bad habit of not waking up until my mom pushes me off the bed or till she raises her voice at full volume 🗣. I lost count of the times I made my parents or roommate wait for hours🕡outside the door for me to open it because I just don’t hear them knocking on the door (heavily)🚪.
Why am I telling this to y’all 🤷♂️?
Because I am the one who just couldn’t sacrifice my sleep, else my whole day would go unproductive but what if I told you, you could earn just by sleeping well 😎.
Fun Fact: In a survey conducted in the U.S. alone, 75% of patients who suffer from depression are because of lack of sleep - otherwise known as insomnia😴.
So, this protocol is called Sleep ecosystem🌍on the Binance Smart Chain, where you will earn $SLEEP tokens for sleeping well. Now don’t think that “how will they get to know how much I’m sleeping” or if you have any plans of scamming, just drop it, because obviously, they will obviously create a product/sleep tracker keeping all this in mind 👨💻.
Case-in Point: We have seen this happen with StepN, a Run-to-earn platform with a very strict tracker.
Their website is available and they are still working on the app 👨💻 and sleep tracker📏. Also, they are planning on launching it soon, probably, in the coming month.
The business model looks somewhat like this. 👇
You will have to stake/lock in your $SLEEP tokens for up to 30-60 days to get returns of 124% per year. The best part is, that the returns we are earning not only in $SLEEP but also in $BUSD.
$BUSD is one of the top stable coins.
Let’s talk some Tokenomics, we know not everyone likes it, but let’s make it a tradition on Chai w/ DeFi ☕. Lessgo 🚀
They have a total supply of 300,000,000
Supply distribution : 11% Seed, 17% Private Round, 7% Fairlaunch, 24% Staking & Liquidity, 25% Sleep-to-Earn, 4% Advisors & Partners, 5% Team, 7% Company & CEXs
For sustainability of the project, they have both ‘buy and sales tax’
Buy Tax : 11%
5% Marketing & Development
5% $BUSD Rewards
1% Buy Back and burn
Sell Tax : 14%
6% Marketing & Development
6% $BUSD Rewards
2% Buy-Back and burn
What the heck 🤷♂️ is Buy and Sale Tax you ask?
Buy & Sale tax literally means, for all the transactions you make on their platform, they will take a chunk of it to use it on marketing, giving you rewards & also for burning (to reduce the supply to increase the price)
They have also made tokenomics in such a way that, all the money they make from their NFT platform (YES!, they do have one) will be burnt.
Well we have discussed only the GREEN FLAGS of this project, now let’s bite some RED FLAGS🔴.
1. No proper information about the founders
2. Still in Beta Stage
3. Yet to be listed on Pancakeswap
4. Minor spelling mistakes in the website
So we’ll leave it to y’all to decide if it’s a great project or not, but we are of the opinion that, if we are being rewarded just for doing our daily chores, why not hop on to it, right?
Also, Write to us: What are the weird ____ -to-earn you have come across & also let me know if you’d use this Sleep-to-Earn protocol.
We will be bringing in more such DeFi hacks in the upcoming newsletters which will surely help you become a DeFi farmer🤖, so don’t forget to hit that subscribe button.
Namaste 🙏.
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