When was the last time you sat down and meditated or went for a long run? If you can’t remember, it’s because you’ve been successfully trapped in the hustle and bustle of life.
With work, social media, friends and family all fighting for our attention, we hardly have any time to turn inward, which results in increased stress, anxiety and burnout. In fact, almost 10% of today’s population suffers from some kind of mental illness. When our mental health suffers, so does our physical health.
The state of global affairs only intensifies this effect. The COVID-19 pandemic and economic recession have negatively affected many people’s mental health and created new barriers for people who are already suffering from mental illness and substance use disorders.
The global mental health crisis is evident, and teaching people mindfulness as a tool for taking care of their minds is what BudaCoin aims to solve.
“Happiness is dependent on self-discipline. We are the biggest obstacles to our own happiness,” said Dennis Prager, the popular American radio talk show host and writer.
Mindfulness practice can help us increase our ability to regulate emotions, decrease stress, anxiety and depression. BudaCoin’s goal is to create a platform that incentivizes practice and increases the accessibility of mindfulness education. It rewards users for building self-discipline.
Deep down, we all know the benefits of practicing mindfulness and meditation. We know that it can do wonders for our mental and physical health. For a generation that thrives on instant rewards and gratification, it can be hard to sit still and meditate for benefits we don’t instantly see. This is where this blockchain-based mindfulness solution is a game-changer.
Crypto meets mindfulness
Just like the internet, the blockchain too brought with it the solutions to most of our problems. What we initially thought was limited to the financial sector spread its wings and disrupted several other industries. Thanks to smart contracts and decentralized applications, we now have innovative projects building our future every single day.
Along with all this, blockchain-based solutions are also aiming to push toward mindfulness. With innovative reward mechanisms, blockchain-based mindfulness solutions might have the best shot at getting our generation to sit down for their yoga class. Let’s take a look at the project disrupting this space.
BudaCoin is a Binance Smart Chain-based BEP-20 token that aims to promote mindfulness and mental health among people. The coin is used to power a one-of-a-kind mobile app called BudaMind for mindfulness educators, content creators and consumers. The main goal of this mobile app is to create awareness, incentivize practice and make mindfulness education easily accessible to everyone.
On BudaMind, content creators and educators receive crypto rewards for promoting mindfulness while consumers can win rewards in BudaCoin for practicing mindfulness and meditation. Additionally, BudaCoin holders can NamaStake (pun intended) their tokens into high yield liquidity pools for rewards. These liquidity pools will in turn be used to fund the BudaMind app and meditation rewards.
The platform also aims to go all in and create a nonfungible token marketplace for digital assets related to mindfulness. These assets could be art, guided meditation, meditation music and the like. At its core, BudaCoin is also a charity coin that would be used to issue donations to organizations working in the realm of mindfulness.
It has already issued its first donation of $20,000 to the American Foundation for Suicide Prevention to support mindfulness education as a treatment for mental health issues.
– The BudaMind app content ranges from 30-day courses to individual moments. Users can choose their goal and are rewarded for completing meditation sessions
Shaping healthier minds
Our generation has become the busiest one there has ever been. Amid education, side hustles, work and the demands of the competitive world, we’ve forgotten to take care of ourselves. It’s no wonder why mental illnesses have become increasingly common. Reward-based solutions for mindfulness such as BudaCoin aim to tap into the interests of our busy generation and lead them toward a mindful future. When people understand the need for mindfulness, projects such as BudaCoin will have a great chance at shaping healthier and happier minds through its incentivized process.
– The BudaMind app’s moments collection for various mindfulness moments throughout the day
Official website: https://www.budacoin.org
Official Telegram: https://t.me/BudaCoinClan