Sing2Earn
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Defi Element
Sing2Earn NFT Marketplace is included in Sing2Earn ecosystem making it possible for users to exchange, buy and sell and especially, to create their own NFTs and trade directly in our market.
In Sing2EarnKaraoke App, users are equipped with a Microphone in the form of NFT to perform their chosen song and afterwards earn tokens. Energy is needed to earn K2E. Each micro contains 100 energy, which will decrease after each singing reducing the amount of K2E earned. To overcome this problem, users need GEM to repair or upgrade the Micro (Refer to Micro section).
S2E/ K2E will be paid out after each song, which is dependent on following main factors:
1. Type of Micro: Basically, different types of Micro have different styles
2. Rarity: There are many types of Micro with different levels and ability to earn
3. Energy of Micro: Energy will decrease after each singing and therefore reduce the amount of S2E earned
4. Activity level: Each user has 20 points per day, 1 point will be deducted after each song, this number of points determines if the user will be rewarded with K2E tokens
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