Overview:
Cheelee is a mobile application that combines short video content with cryptocurrency rewards. Users can watch videos and earn "LEE" tokens, which are purportedly redeemable for real money. The platform also promotes the purchase of digital "glasses" (NFTs) priced between $6 and $200, claiming these enhance earning potential. However, numerous reports and reviews suggest that Cheelee exhibits characteristics commonly associated with fraudulent schemes.(Codegram)
Monetization Strategy:
Cheelee's revenue model centers around in-app purchases and cryptocurrency transactions. Users are encouraged to buy digital glasses to increase their earnings, but these purchases often come with high fees and unclear benefits. Additionally, the platform charges a 30% commission on withdrawals and imposes BNB gas fees, significantly reducing the amount users can access. These practices raise concerns about the app's legitimacy and fairness.
Red Flags:
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Complex Withdrawal Process: Users report difficulties in withdrawing earnings, with some claiming that funds are inaccessible or lost during the process. For instance, one user mentioned that their tokens were transferred to another wallet without consent, and support offered no resolution. (Trustpilot)
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Expensive Digital Glasses: The app promotes the purchase of digital glasses to boost earnings. However, these glasses often come with high upfront costs and limited functionality, leading to minimal returns on investment. (Codegram)
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Discriminatory Practices: Reports indicate that users from certain countries face restrictions or are outright banned from using the platform, raising concerns about discriminatory practices.
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Unresponsive Customer Support: Many users have expressed frustration with Cheelee's customer support, citing slow response times and unhelpful assistance when issues arise.
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Allegations of Fraudulent Behavior: Some users have accused the platform of fraudulent activities, including misappropriation of funds and manipulation of withdrawal processes.
Is It a Ponzi Scheme?
While Cheelee does not fit the traditional definition of a Ponzi scheme, it exhibits several characteristics commonly associated with such schemes. The platform relies on continuous investment from new users to provide returns to earlier participants, creating an unsustainable model. Additionally, the emphasis on purchasing digital glasses and the high fees associated with withdrawals suggest that the platform's primary revenue source may be user investments rather than legitimate earnings.
Developer Information:
Cheelee was founded by Ruslan Sharov, a Russian entrepreneur with 20 years of experience, and Roman Alekseev, a venture capitalist with a portfolio of over $500 million. The platform's development team includes Iurii Kardonov, a founder of a VR and neurotechnology startup. Despite their credentials, the company's operations and business practices have raised concerns among users and industry observers.
Conclusion:
While Cheelee offers an innovative concept by combining short video content with cryptocurrency rewards, the numerous reports of financial losses, discriminatory practices, and unresponsive customer support suggest that the platform may not be a legitimate opportunity for earning money. Users are advised to exercise caution and consider alternative, more transparent platforms for earning income.(Codegram)
Recommendations:
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Avoid Unnecessary Purchases: Be wary of spending money on digital glasses or other in-app purchases without clear, tangible benefits.
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Research Before Investing: Thoroughly investigate any platform before investing time or money, especially those involving cryptocurrency transactions.
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Report Issues Promptly: If you encounter problems with the platform, report them to the appropriate authorities and consider sharing your experience to inform others.
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Seek Alternative Platforms: Explore other platforms that offer similar opportunities with more transparent practices and better user support.
Final Verdict:
Given the reported issues and concerns surrounding Cheelee, it is advisable to approach the platform with caution. Users seeking legitimate opportunities for earning money should consider exploring other options that offer more transparency and reliability.
Cheelee discriminates people from some countries and ask people buy $12 rubbish sunglasses to earn money and the money can only withdraw through bybit
Nobody here use bybit
Cheelee even libel people who don't let themselves Scam as "bot farm steal profit from Honest users who stupid pay their money for us to fraud"
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