Zenbase: The 1st Meditate-To-Earn Platform

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Zenbase: The 1st Meditate-To-Earn Platform

September 10
09:48 2022
Depression, anxiety, and other mental health issues are plaguing the developed world. Global depression and anxiety rates rose 25% in 2020, as documented in the medical journal, The Lancet. Mental health diagnoses have been rising for years, costing the global economy an estimated $1 trillion every year, as published in Scientific American.

Zenbase is stepping in to promote meditation as an adjunct or primary therapy in the treatment of mental disorders. The company states those in a meditative state are more creative and better at making analytical decisions. Zenbase states they want to “assist everyone   in becoming the highest version of themselves through the benefits of a meditation-based wellness regimen, all while earning cryptocurrency.”

Zenbase was founded on July 20, 2020, by Connor Chase, a previous startup founder, and Jessie Freelander, a certified yoga instructor and cryptocurrency engineer. As hometown friends in Orlando, Florida, and sharing an interest in digital currencies and the universal awakening, Mr. Chase reached out to Mr. Freelander to bring mindfulness to the masses. Mr. Chase and Mr. Freelander are based in the Silicon Slopes of Utah, working full-time on Zenbase.

Zenbase is the first meditate-to-earn platform. Meditate-to-earn is a cryptocurrency earning system that encourages users to meditate and receive rewards. Meditate-to-earn is a new spin-off of the traditionally known play-to-earn model. Play-to-earn platforms have sprouted in popularity over the past year in the gaming and Web3 industries. 

The most popular platform that utilizes play-to-earn is a mobile app game called Axie Infinity. Remarkably, Axie Infinity accrued 2.8 million daily active users in 3 years. The founders of Zenbase took notice of the revolutionary play-to-earn concept and introduced their zen idea to the world on February 28, 2021, under the name Omcoin. Now called Zenbase, it is the first meditate-to-earn to be accepted on the Apple App Store as of August 4, 2022.

The platform tracks users’ time spent meditating to determine the Zentoken amount to be awarded. Zen base estimates its Zentoken currency can reach the financial prospects of Bitcoin because of core similarities. There are 21 million Zentoken for users to collect. 

Zenbase’s novel algorithm reduces the number of tokens awarded as the number of active users increases,  adding scarcity and correlational value to the currency. The Utah-based meditation company states participants will always earn cryptocurrency as long as the app is operational.

Zenbase has exciting plans for the future and is optimistic about its trajectory. As Zentoken evolves into a powerhouse currency for wellness, users can tip creators, buy wellness products, trade Zentoken for the other cryptocurrency and turn published content, like yoga classes, into non-fungible tokens (NFTs). 

The ‘Zenverse’ is what the company dubs as their utility marketplace for their currency. This is where users may redeem their rewards. Most recently, Zenbase raised $50,000 in their pre-seed round at a $3,000,000 post-money valuation cap from Dr. Ping Cheng, a tenured finance professor at Florida Atlantic University and mentor to Mr. Freelander. The company is excited to promote wellness and reward users for living mindfully.

Media Contact
Company Name: Zenbase
Contact Person: Jessie Freelander
Email: Send Email
Phone: 417-861-4575
Address:2065 Venetian Way
City: Winter Park
State: FL 32789
Country: United States
Website: https://www.zenbase.us/

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