▫️Watch & Earn rewards

Overview of CHEYNI Watch & Earn rewards

The CHEYNI Watch & Earn mechanism primarily serves as a loyalty program rather than a passive income tool. Rewards have more value when used within the platform, rather than being exchanged for CHEYNI tokens. The goal is to retain CHEYNI tokens within the platform or its associated services, leveraging their respective utilities.

• Reward Points Expiration:

Points expire after one year if not used within the platform or swapped for $CHEYNI tokens.

• Free Subscribers:

Reward Points can be used within the platform for subscriptions, special features, offers, or purchasing NFTs. Reward Points cannot be swapped for $CHEYNI tokens without becoming a CHEYNI Premium subscriber.

• Swap Reward Points for $CHEYNI Tokens Criteria:

Users can freely use their reward points within the CHEYNI platform and partner services. However, they can only swap points for $CHEYNI tokens if they meet a minimum point requirement equivalent to 6 months of premium subscription (€6.99 x 6 = €41.94).

Watch and Earn reward mechanism

Formulas:

1. Calculating Rewards (R):

R=W×(1+PS)

1. Checking Premium Subscription (PS):

PS={1 if the user is a premium subscriber, 0 otherwise}

1. Minting $CHEYNI Tokens (CT):

CT=MF×R

1. Minimum Accumulated Rewards for Transfer (AT):

AT=6×SF

Variables:

• W: Total watching hours.

• R: Rewards.

• PS: Binary variable indicating whether the user is a premium subscriber (PS = 1 if the user is a premium subscriber, PS = 0 otherwise).

• CT: Number of $CHEYNI tokens minted.

• MF: Minting factor (exchange rate between rewards and $CHEYNI tokens).

• AT: Accumulated rewards needed to transfer tokens outside of the platform.

• SF: Subscription fee (monthly subscription fee).

Anti-Fraud Approach:

The CHEYNI Watch & Earn mechanism is a central and premium component of our loyalty program, prioritizing user engagement to motivate users to transition into premium subscribers rather than relying solely on passive income.

To achieve this, we have implemented a three-step structure for Reward Accumulation Limitations, Swap Limitations, and Premium Subscription Criteria to preserve $CHEYNI token liquidity.

Reward Accumulation Limitations are as follows:

Calculation:

Monthly Premium Subscription Fee: 6.99€

VAT: 20% of 6.99€

VAT = 6.99 × 0.20 = 1.398€

Net Monthly Subscription Fee = 6.99 − 1.398 = 5.592€

First watching hour reward:

FirstHourReward=5.592×0.0006468×TotalMinutesWatched

Second watching hour reward:

SecondHourReward=5.592×0.000539×TotalMinutesWatched

After two hours of watching:

AfterTwoHoursReward=5.592×0.00002156×TotalMinutesWatched

Total Reward:

TotalReward=FirstHourReward+SecondHourReward+AfterTwoHoursReward

*Premium and Premium Plus subscribers earn double Watch & Earn rewards.

**We will also periodically announce double Watch & Earn rewards for our community.

Swap Limitations are as follows:

Users can freely use their reward points within the CHEYNI platform and partner services. However, they can only swap points for $CHEYNI tokens if they meet a minimum point requirement equivalent to 6 months of premium subscription (€6.99 x 6 = €41.94).

Premium Subscription Criteria:

Reward Points can be used within the platform for subscriptions, special features, offers, or purchasing NFTs. Reward Points cannot be swapped for $CHEYNI tokens without becoming a CHEYNI Premium subscriber.

Ad Revenue Sharing Model:

Key Metrics:

• Maximum Monthly Watch & Earn Rewards Allocation per User (for users engaging 24/7): Premium Subscription Fee (€6.99) - VAT (20%, €1.398) = €5.592

• Non-Skippable Ad Revenue: According to our video advertising market research, we anticipate generating $0.01 per view from non-skippable ads.

• Per User Ad Engagement (for users engaging 24/7): Each subscriber will view non-skippable ads a maximum of 1,440 times monthly.

Revenue Sharing:

• CHEYNI will earn a maximum of €14.40 in non-skippable ad revenue per user.

• Engaged 24/7 users will earn €5.592, which is 38.8% of the non-skippable ad revenue, as Watch & Earn Rewards.

• The remaining €8.808, or 61.2%, will belong to CHEYNI as non-skippable ad revenue.

Carryover of Unused Ad Revenues for Extra Rewards:

• The 38.8% of non-skippable ad revenues not distributed to the community within a month will be carried over to the following months and shared with the community as double Watch & Earn rewards through regular campaigns.

This model aligns our revenue-sharing strategy with user engagement, ensuring that both our platform and community benefit financially from active participation.