Reels-fi is a platform designed for avid reel viewers, offering them the opportunity to place bets on the engagement of reels. If the engagement of a reel increases within a specified time frame, users can earn rewards based on their predictions.
Key Features
Here are the Reels-Fi features in point form:
- Monetize Your Existing Reels: Turn your current reels into revenue-generating content.
- Upload Custom Reels: Share and monetize your own custom-created reels.
- Invest in Favorite Creators' Reels: Place an investment amount on your favorite content creators' reels for a specific tenure.
- Withdraw Rewards: Redeem your earnings once the investment tenure is complete.
- Earn Reels-Fi Tokens: Gain Reels-Fi tokens through a "Refer and Earn" program.
Technical Architecture
TechStack
- Next.js
- Typescript
- Tailwind CSS
- Solidity
- Metamask
Bounty Tracks Applied for and Deployed Contracts Link:
Track 3: Build Us Something Cool! && Smart Contract Deployer
- 1. KIIChain Testnet:
- Reels-Fi Tokens(Contract Address ): 0x6d4e4b9ceb5a92f5212c017187528bcd0c516965) : https://app.kiichain.io/kiichain/tx/0x4a699a7cb88ca89aa3d88cd0e6c985163e39119be6412ecef6f735e1347a8cf2
- Reels Fi (Contract Address ): 0xbcab4ba549886e6bef67d9f3d381a2710316f8ca): https://app.kiichain.io/kiichain/tx/0x6f4a8e18f66539b33952350d44dd564b96900cc306772069bfff5d816a8b0a0b
Challenges and Solution
Inadequate Rewards for User Engagement
- Problem: Despite contributing valuable content and engagement, users receive little to no tangible rewards for their participation on most social media platforms.
Barrier to Monetization for Small Creators
- Many small creators struggle to monetize their content effectively due to high entry barriers and the dominance of established influencers.
Time and Effort Not Valued
- Users spend significant time and effort creating and engaging with content but often feel that their contributions are undervalued.