💸Sleep-to-Earn
A major feature of our app that sets to revolutionize the industry, when we talk about passive income and dividends, is the Sleep-to-Earn protocol. The Sleep- to-Earn utility has been designed as a feature that enables $SLEEPZ stackers to convert hours slept as tracked by our integrated sleep tracker into rewards in $BNB. With the app features, users are able to keep tabs on when they sleep, how long they sleep and the tokens earned during that timeframe. The financial incentives brought by the Sleep-to-Earn protocol also serves the greater purpose of raising awareness around the importance of sleep, an often neglected but primordial activity. Thus, maintaining users’ overall well-being and health constitutes the Sleep Ecosystem’s primary vision. The idea behind Sleep-to-earn revolves around the rise of Play-To-Earn Gaming, Metaverse and DeFi. In this regard, we have conducted in-depth analysis on the countless opportunities and services that c an be delivered. This also relates to how we can introduce them in real life while connecting the virtual world and Metaverse to our everyday life. With the SLEEPZ App, you are able to explore DeFi and the Web 3.0 from a single hub, without having to download several apps for that purpose. Users will have access to searching, tracking, buying and selling services for NFTs and Cryptocurrencies. Stake and trade your assets safely and easily through the Wallet using the SLEEPZ's protocol.
Sleep-to-Earn Scheme
So, a small tax is charged from each Purchase and Sale, which sends $SLEEPZ tokens to a separate wallet, where they are automatically converted into $BNB for subsequent payment to all SLEEPZ token holders who use our App and successfully complete the sleep cycle. BNB rewards will be paid after the App is ready and officially released.
You must hold a minimum of 200 $SLEEPZ tokens in your wallet to receive rewards for a successful sleep cycle.
In addition, we have developed various multipliers that will help you increase your earnings even more, such as:
Token Tier
Hold Tier
NFTs
Sleep Quality
Reward per sleep = Base Reward x Token Tier Multiplier x Hold Tier Multiplier x NFTs Multiplier (if available) x Sleep Quality Multiplier
The base reward will be calculated individually for each of several parameters, such as: the number of $SLEEPZ tokens in your wallet and their ratio to the total circulating supply, daily trading volume, the total amount of funds in the wallet for payouts, and several others. Unfortunately, we cannot give an exact figure for the base reward, as it will depend on many factors and change daily.
Token Tier
The more $SLEEPZ tokens you have in your wallet, the higher the multiplier to your base reward for a successful sleep cycle. Below is a more detailed table:
Hold Tier
The longer you hold $SLEEPZ tokens, the more you earn! Below is a more detailed table:
Selling resets the "Hold Tier" back to 0. Buying more tokens does not reset the "Hold Tier", you still keep accumulating token retention days. Transfers are not taken into account when reassigning a tier, only buy and sell transactions. Transfers will be deducted from the total amount of tokens held.
NFTs
You can read more about NFTs and their privileges in this section:
Sleep Quality
Sleep Quality is a separate unique parameter that we are working hard on. Our App will track and analyze your breathing, movement, snoring and sleep phases as you sleep to ultimately evaluate your sleep quality. The higher this indicator, the more your earnings! Below is a more detailed table:
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