Introduction to SnoozUp

SnoozUp is a hybrid Web3 application that incentivizes people to adopt healthier lifestyle habits. Back in 2014, the World Health Organization (WHO) announced that two-thirds of the deaths globally are related to noncommunicable diseases (NCD) and two main factors resulting in NCDs are physical inactivity and poor sleeping habits. 

In recent years, due to COVID-19 and the aftermath that caused an increase in the number of remote workers, people started to have less physical activity and worse sleeping habits, and their productivity diminished. That is why SnoozUp aims to make it fun by gamifying the process and financially rewarding people for better sleeping and activity habits.

Rewarding Mechanism

Initially, there are two streams of rewarding mechanisms designed for both paid subscribers and free users.

1- Paid Subscription Stream: The subscription payments are deposited to a pool of choosing by the user (Prize Pools) and SnoozUp proposes multi-step healthy challenges, that are equal between all the prize pools. Those users who successfully finished the month by following these challenges, get an equal share of the pool they are part of

2-Leaderboard: No matter if you are a paid subscriber or a free user, you can create an account and start accumulating points. Every challenge item has a certain amount of points, additionally, there are some activities, such as sharing your accomplishments on social media and/or inviting friends to the app, that have bonus points. At the end of each month, the first three accounts on the leaderboard will be rewarded (rewards are announced 1 week before the start of each month).

Prize Pools

There are two different types of prize pools:

1- Fiat-Based Pool: This is like any traditional subscription-based application where users can create an account with their email address and pay the subscription fee using their Credit/Debit Cards or Apple/Google Pay. These payments will be deducted by a fee that is mandatory by Apple and Google and the remainder will be deposited into the USD pool.

2-CryptoCurrency Based pools: Initially we will have two different pools in this category, USDC and ETH pools. Subscribers who chose one of these pools will be redirected to their wallet in order to pay the subscription in the currency that they chose. These payments go to the audited smart contracts (Smart Pools) that are designed for each pool. At the end of each month, the off-chain data from the application goes on-chain, using Chainlink VRF, and gets submitted to the smart contracts. Then, the smart contract automatically distributes the rewards to successful contestants’ wallets.

Timeline

SnoozUp is scheduled to launch by the end of Q2 after the completion of Alpha and Beta testing.

We highly encourage everyone to join our waitlist to be among the first people who get rewarded for having a better life.