Cheeps.app is a platform that lets you predict events and earn rewards in crypto. Simply put, you stake tiny fractions of USDT tokens (called “cheeps”) on future events and earn more USDT if your predictions are right.
Whew, was that a mouthful? Just think betting, but in crypto. Don’t worry, I’ll explain in a bit. In the meantime, here’s some backstory.
In a world where the internet is changing fast and hurtling towards decentralization, it’s safe to say everything is changing swiftly. Cryptocurrency and the wonders of the blockchain are disrupting the financial system for the better, giving us the much-needed tools to build better solutions for age-old problems.
Now you don’t need to be a soothsayer to know that humans are living predictors, making guesses and bets all day long as we go about our daily lives. You predict you’d still be alive by this time next year, so you start saving to go to London by then. Your parents predict prices of food may rise in December, so they stock up the house in November. It’s these little predictions that add up to fulfilled life — a series of choices taken today that inspire and create the future tomorrow.
We believe in this new world filled with crypto and defi applications, your stablecoin shouldn’t just be stuck in some wallet somewhere, pegged against the dollar without a possibility of being any more than itself. We believe we can grow your crypto based on the strength of your predictions.
We all know the feeling of winning an argument or showcasing our superior skill in a video game or having a gut feeling about something and being proved right about it. This is where Cheeps differs from your average betting operation. There is no house to play against. Cheeps.app is pool-based — meaning in an event (let’s say, a football match), cheeps are staked by anyone on the outcome they think is most likely to happen. Everyone can see how many cheeps have been staked on each option.
Don’t forget: 1 USDT = 100 Cheeps
The total cheeps staked on each option is used to determine how much you would make if your option is correct.
At the end of the event, all the cheeps staked on the wrong outcomes are transferred to those who have staked their cheeps on the right outcome.
Easy peasy, Starboy Weezy.
For traditional stakers using naira or any other fiat currency, cheeps.app offers a new range of markets for you to predict. It's not just the usual football and basketball matches, with the power of crypto, you can place a bet on literally anything you..or the community suggest.
Essentially, we want to create a community where substantial rewards are available for being right.
Cheeps is an open book. You can see this information and decide if you want to play it safe and go with the majority. Or play the upset by going for the outcome with fewer cheeps staked but for larger returns…
Prediction markets aren’t new — Facebook (sorry, meta.. still have to get the hang of this) released Forecast in 2017, their own way to dive into the prediction markets so we know we aren’t far off from the frontier. With the metaverse top of mind in the world right now, we are moving rapidly into decentralizing cheeps and putting more power in the hands of the community. We want everyone to be able to stake on anything because as we like to say Talk is Cheep.
The applications of Cheeps go beyond stacking cheeps as high as the ceiling. During our test phase at the last Big Brother Nigeria, 3000 cheeps were placed on Whitemoney (the eventual winner) and the rest had 100 cheeps each. This quickly shows an unintended but welcome use case for cheeps — a source of information or a social marker of sentiment at any particular time. Policymakers can use cheeps to understand the general mood at any point in time and other people can use this nonfinancial benefit as well.
If the ultimate goal is to have fun while enriching the users, then our path becomes as clear as day. By driving conversations, decentralizing different actions so people can create their own markets that appeal to them as well as sharing staking markets to friends for bigger pots, it’s all in the works. Next are Onramp features so Cheeps can be purchased directly from a fiat bank account, a mobile app, and eventually, Tokenization. Yup, the cheeps have been cast.
We have been in beta for about 2 months now with 400+ users and 90,000 cheeps staked. You can become part of us in our early stages by joining our telegram group or visiting the website at www.cheeps.app. You can also refer a friend to get 25 cheeps for free 🥳🥳
To get started, go to www.cheeps.app, sign up, and create an account. (we’ll send you some cheeps to get started — we are cool like that 😉). We welcome ideas, thoughts, and feedback from everyone as we try to build something that is truly community-led and community-inspired.
In the midst of all this super-serious stuff, the aim of cheeps is to have fun and enjoy bragging rights while earning money. In the meantime, may the cheeps be in your favour.
