How Sleep to Earn Works and How to Make Money

The reason Sleep to Earn was created in the first place is that people today are not getting enough sleep. The problem is particularly serious for Japanese people, who are ranked second worst in the world according to the Global Sleep White Paper. You may have often heard that “Japanese people are hard workers,” but this is a serious problem all over the world. Incidentally, the country with the shortest sleep time in the world is Indonesia. I looked at the lineup of other countries ranked lower, and most of them are developing countries. Even in Japan, which is supposed to be economically developed, people are only sleeping the same amount of time as in developing countries.

Sleep to Earn was created to help people get enough sleep. So, how does it work? There are three main ways to earn money:

How Sleep to Earn works

・Earn money by measuring your sleep
・Earn money with NFT items
・Earn money with staking

Earn Money by Measuring Your Sleep

The first method is to earn money by measuring your sleep. Sleep to Earn is a system that allows you to earn cryptocurrency by getting enough sleep, and it is hoped that Sleep to Earn will help people all over the world live healthier lives.

If you could earn money by sleeping, many people would sleep. The way to receive virtual currency is to measure your sleep data. Measurements are done using wearable measuring devices and apps to measure the time, quality, and depth of sleep. Naturally, the amount of virtual currency you receive will vary depending on the results. This is how you can receive virtual currency.

Earn Money With NFT Items.

The second method is to earn NFT items in exchange for sleeping. The first method is to earn money by exchanging your sleep for virtual currency, which is the simplest method, but in addition to exchanging your sleep for virtual currency, there is another method I will introduce this time, which is to exchange it for NFT items.

Many blockchain game apps have NFT items. NFTs are digital assets that have inherent value due to blockchain technology. The system allows you to convert those assets into NFT items and make a profit by buying and selling them. It’s like reselling NFT items.

Using this method will greatly expand the range of uses. When exchanging for an item, it is important to choose something with high rarity. Items with high rarity have high value, while items without high rarity have low value. This is easy to imagine. This kind of exchange is also an interesting aspect of this NFT item.

Staking

The third way is to earn money by using staking . Staking is a system where you can earn rewards by holding assets in your wallet. If the value of the cryptocurrency you hold increases, the value of that cryptocurrency will increase just by holding it, and the value of your assets will also increase.

On the other hand, if the value of the cryptocurrency you hold falls, the value of your assets will naturally fall as well. This is the tricky part of cryptocurrency. The Sleep to Earn service introduced here is still in its infancy and is relatively new.

If you enter the market now, you may be able to make a lot of money when the price of Sleep to Earn rises in the future. Even if Sleep to Earn attracts a lot of attention in the future, there is a possibility that many people will have already entered the market, or the price may have already risen. Therefore, we recommend that people who are thinking of purchasing it make a decision early.

Develop Healthy Sleep Habits

The second benefit of Sleep to Earn is that it helps you develop healthy sleeping habits. This is because Sleep to Earn allows you to earn money by getting a good night’s sleep. Therefore, Sleep to Earn users are conscious of getting as good a sleep as possible to earn money.

This leads to regular sleep every day, which ultimately brings good health to users of Sleep to Earn. There are many people in the world who work hard to earn money, barely sleeping, and end up damaging their health because of it, or who are so busy with work that they can’t get enough sleep even if they want to.

As I explained at the beginning, Japanese people are one of the countries with the shortest average sleep times in the world. For such people, “sleeping is work” is quite revolutionary. You can kill two birds with one stone by working and earning money at the same time, which is a dream come true.

Sleep to Earn Has Big Growth Potential..

The third point about Sleep to Earn is that it has the potential to grow significantly. Sleep to Earn is still a relatively new system, so by joining now, you have the potential to make big profits in the future.

I have explained the two advantages so far, but they are quite meaningful and can be said to be something that anyone can benefit from, so I cannot irresponsibly say that you will make a profit, but I don’t think it’s bad. The third advantage I introduced here is that it is still not widespread, for better or worse, so it has the advantage of being an early adopter.

Cons of Sleep to Earn

Next, I would like to briefly explain the disadvantages of Sleep to Earn! There are two main disadvantages. I will explain each one in more detail.

An Initial Investment May Be Required.

The first disadvantage is that the initial investment is large. It depends on which Sleep to Earn project you choose, but the basic premise is that you often have to own an NFT item or cryptocurrency. You need to pay for in-app items as an initial investment.

However, depending on the app, you can start for free or have the chance to get items for a limited time, so I don’t think you need to worry too much about it.

An Account With an Overseas Cryptocurrency Exchange is Required

The second is that you will need an account at an overseas cryptocurrency exchange. If you want to convert the virtual currency you received as a reward into Japanese yen, you can only do so at an overseas cryptocurrency exchange. For those who are accustomed to trading in virtual currency, trading at an overseas exchange will not be that difficult.

However, for those who are thinking of starting, some may have a hard time opening their account and making transfers. For those who have never touched virtual currency, there may be a slight psychological hurdle. However, there is a good chance that it will become possible to trade on Japanese cryptocurrency exchanges in the future.

Sleep to Earn Recommended Apps

This time, we will introduce the following five Sleep to Earn recommended apps.

・Sleefi
・Sleepagotchi
・Sleep Future
・DreemN
・Sleep ecosystem

Sleefi

Sleefi offers four different sleep patterns to cater to different sleep schedules. Courses range from a short 3-hour pattern to a long 12-hour pattern. The unique feature of Sleefi is that it offers large cryptocurrency rewards to those who sleep regularly.

Sleepagotchi

To use Sleepagotchi, you set the time you go to bed and the time you wake up in advance. Once you’ve done that, all you have to do is go to sleep. How your reward is determined is based on the accuracy of the time you set to sleep and the time you go to bed, and wake up. The more accurate you are, the bigger the reward you will receive.

Sleep Future

Sleep Future rewards you based on the quality of your sleep. It has not yet been released, but the app is scheduled to be released in December 2022. Sleep-related commercialization is also underway in the real world, and it is attracting attention as it is being developed in collaboration with various major companies.

How to get started with Sleep to Earn

Here’s how to get started with Sleep to Earn. You can easily get started in just four steps:

・Create an account at a domestic exchange
・Create an account at an overseas exchange
・Transfer money from a domestic exchange to an overseas exchange account
・Download the app

Creating an Account at a Domestic Exchange

First, before you start Sleep to Earn, create an account with a domestic cryptocurrency exchange. When you hear the word “exchange,” you may think of something stiff or difficult, but it’s not that hard of a task. For beginners, we recommend Coincheck, the largest exchange in Japan ! It has a wide range of trading currencies and has the most downloads and track record in Japan.

Creating an Account at an Overseas Exchange

Once you have created an account with a domestic exchange, the next step is to open an account with an overseas cryptocurrency exchange. I recommend Bybit . he process for opening an account is the same as for a Japanese account.

Basically, when trading virtual currency, you need to use an overseas exchange, so you might think, “I’m a beginner, so I don’t need an overseas account yet,” but if you actually look into it, you’ll find that there are fewer things you can do domestically. Creating your first account can be a little difficult until you get used to it, and you might be a little timid when it comes to overseas, but give it your best shot.

Transfer From a Domestic Exchange to an Overseas Exchange Account

Once you have created two accounts, one domestic and one overseas, the process is complete without any difficult steps. From there, you transfer money from your domestic account to your overseas account, and then convert it into Sleep to Earn tokens. After that, you can use Sleep to Earn, such as buying NFT items.

Download the App

All you have to do is decide which Sleep to Earn app you want to use and download it. Then just follow the instructions in the app to start using it. There are many different Sleep to Earn apps, so try them all out and find the one that suits you best!