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Balansea

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.

Created on 2nd March 2024

Balansea

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.

The problem Balansea 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.

Tracks Applied (10)

Impact & Public Goods

Balansea directly aligns with the Impact & Public Goods track by leveraging blockchain technology to promote mental well...Read More

Simplify DeFi with 0x APIs

Balansea integrates with the 0x API to streamline DeFi transactions within our mindfulness ecosystem, fitting perfectly ...Read More

0x

Best NFT Project

Balansea seamlessly integrates with the Arbitrum ecosystem, targeting the "Best NFT Project" track by leveraging Arbitru...Read More
Arbitrum

Arbitrum

Deploy your EVM smart contract and build on-chain extension to enhance it

Balansea takes advantage of Artela's infrastructure to deploy our EVM compatible smart contracts, fitting seamlessly int...Read More

Artela

Connect the world with Chainlink

Balansea leverages Chainlink's VRF to ensure fair and transparent distribution of rewards within our meditation app ecos...Read More
Chainlink

Chainlink

Build a Consumer Product

Balansea, as a meditation app, directly aligns with the BASE initiative's "Build a Consumer Product" track by offering a...Read More
Base

Base

Protect your users from hacks scams & theft with Harpie’s API

Balansea integrates Harpie's API to safeguard our users from hacks, scams, and theft, aligning perfectly with the "Prote...Read More

Harpie

Unleash your creativity with MetaMask SDK

Balansea's deployment on Linea, taking advantage of its high-performance blockchain infrastructure, positions us uniquel...Read More

Linea

AI Video Disruptor

Balansea leverages LivePeer's decentralized video streaming service for the "AI Video Disruptor" track, enhancing our me...Read More
Livepeer

Livepeer

Build a KYC solution with zkPass protocol

Balansea's strategy to incentivize specific user groups involves leveraging privacy-preserving ZK proofs, such as ZKPass...Read More

zkpass

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