Balansea
Balansea a is community-focused meditate-to-earn app, leveraging blockchian and AI to create a system of incentives for encouraging consistent mindfullness practises and wellness content creation.
About
The problem it solves In today's digital world, the need for mental wellness and meditation is more pressing than ever, with meditation apps seeing a surge in demand. The overuse of technology contributes to stress and negative habits, making tools for mental wellness vital. Balansea differentiates itself in the meditation app market by integrating blockchain to reward users for positive practices, introducing gamification to encourage consistent engagement. This unique mix of wellness and technology is paving new paths in the sector. Moving forward, Balansea plans to introduce AI for customized meditation sessions and allow for user-generated content, creating a token-based economy that supports exchanges between users and creators, enhancing community interaction. Balansea leverages Ethereum and Layer 2 blockchains for liquidity through 0x and to store achievements and rewards, using LivePeer for media storage and streaming, and EthStorage for all other content. Chainlink VRF generates random rewards for users. There are two rewards pools funded by Balansea's premium subscriptions, tracked via membership NFTs. The first pool rewards daily premium users, while the second, formed from unclaimed rewards of the first, is available to all users. Balansea fosters community through features like allowing premium members to create content and earn a 10% reward share if their content is rated helpful by users. To promote consistent practice and discourage reward farming, Balansea imposes daily reward limits and offers bonus rewards for continuous practice streaks. Distractions during sessions, like pausing, reduce rewards, aiming to cultivate a community focused on mindfulness over rewards.