LOFI EQ is a Watch-to-Earn social entertainment platform built for live stream fans, with the goal of providing more substantial rewards for their watch-time($BUZZ, $LOFI), direct pathways to donate to their favorite streamers, and fun ways to enhance LOFI Pods NFT to increase earnings.
Earnings can be used in-app to unlock certain features and improve viewer’s NFTs, or can be traded on the exchanges. The goal of the LOFI Project is to create a more sustainable live streaming ecosystem that extends Web 3 concepts such as decentralization and community governance to live stream fans.
What is LOFI Pods?
LOFI Pods is an NFT used in the LOFI EQ app to earn $BUZZ tokens. “Wearing” Pods and earning tokens are done through gamified mechanisms that make watching live streams more engaging and rewarding.
Viewers must wear LOFI Pods NFT to earn tokens while watching a live stream. In doing so, Pods will consume Stamina, which has a daily limit (Stamina Cap). The Stamina Cap depends on the type and number of Pods in the viewer’s inventory. Token-earning (mining) is not available when Stamina is exhausted.
The LOFI Token ($LOFI) is a BSC BEP20 governance token for LOFI EQ. Token holders can vote on crucial governance matters and claim rewards for participating in various services, live streaming, communicating, and staking.