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LOFI EQ is a Watch-to-Earn social entertainment platform made for live stream viewers. It aims to deliver larger rewards for watch-time using ($BUZZ, $LOFI), offer straightforward ways to donate directly to your favorite streamers, and include playful methods to upgrade LOFI Pods NFT in order to boost earnings.
In-app earnings can be used to access specific features and strengthen viewer’s NFTs, or they can be exchanged on external exchanges. The LOFI Project’s objective is to build a more sustainable live streaming environment, bringing Web 3 ideas like decentralization and community governance to live stream fans.
What is LOFI Pods?
LOFI Pods are an NFT within the LOFI EQ app that enables users to earn $BUZZ tokens. “Wearing” Pods and generating tokens happens through gamified systems designed to make watching live streams feel more interactive and worthwhile.
To earn tokens during a live stream, viewers must wear the LOFI Pods NFT. When doing so, the Pods use up Stamina, which is limited per day (Stamina Cap). The Stamina Cap varies based on the type and number of Pods held in the viewer’s inventory. Mining for tokens cannot be done once Stamina runs out.
LOFI Token
The LOFI Token ($LOFI) is a BSC BEP20 governance token for LOFI EQ. Token holders can participate in voting for important governance decisions and receive rewards for engaging in different services, live streaming, communication, and staking.
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