Social media, and other attention economy platforms rely on content creators for the value their platform provides, though they rarely receive a credit for it.
We are working on a privacy-first location-based app to share magic places and reward participation (content, code & design). We have soft launched a magazine that will be used for the news feed in the app. We first approached it as a standalone project, a sort of testing ground, but with limited time, we quickly decided to put all our focus on launching the app we've been dreaming to build.
Imagine unlocking features & media content based on location. What if users get rewarded for visiting real-world locations. This allows businesses to attract potential customers to their locations, get their attention or even get them to perform storytelling challenges. The app could distribute tokens to content creators proportional to the amount of Reputation which likes their photos each week. Colony could be implemented as a governance module.
The goal is to introduce our non-crypto native community (70K) into the fascinating world of web3. We are now testing the Abridged solution to enhance the UX, as it allows users to participate from within WhatsApp, Telegram, Discord, etc.
Tokens are not yet for sale, they need to be earned, and the users that add the most value, will be rewarded the most. Every upvote, like button, star, follower etc is powered by an underlying token and early customers who help build and test drive the app are actually going to participate in the upside. Take note that tokens are currently NOT transferable, they might be swapped to an equivalent transferrable token at a later stage, once the DAO will reach maturity. Owning these tokens makes you a member and lets you participate in the DAO’s governance votes and proposing votes of their own. (Inspired by PieDAO) Join us on Discord
"We have the api documentation now so can continue with phase 3. Connecting the backend with the fully developed frontend is where the magic happens."
MVP FUND DAO:
What if the funds and the initial supply of the $LTL token are kept in a MVP FUND DAO treasury? Raising 10K (on xDai) in DAI tokens to kickstart the last sprint for our MVP launch? Get a LAO vote? Aragon Fundraising? read more
In a perfect world we find a legal engineer as cofounder and a business angel to fund incorporation, and provide enough runway to focus on product & team.
Last year a private investor was ready to put pen to the paper and commit with 150K for 15% but had to back out for reasons unrelated to our project. We lost time and conviction. Could we build a solid MVP without those funds? We found some amazing people that invested a lot of time and energy into our vision and we can't thank them enough. As we are near MVP V1 we are now mostly thinking about our first round of funding. We explored DAOhaus, Colony, Aragon and they are all 🔥. The Continuous Agreement of Future Equity is another brilliant option, but we will have to wait and see if we get early access ...
We should disburse a large fraction of tokens over a long period of time to the workers that are adding value to the project. This gives us a longer runway to iterate towards product-market fit (PMF), and more funds to catalyze growth once PMF is achieved. To show our long-term commitment to the project we might decide to send most of the team and advisor tokens to a retention wallet where they will be locked for 5 years.
For now, we prefer to share ideas & discuss questions on TG/Discord as voting is simply too expensive with the current gas fees. We will look into off-chain voting with snapshot.page
JOIN THE TEAM
Would you like to work directly with the founders remotely to build the future of Media, Travel & Real Estate on Ethereum? Travel with us to cool events (after Corona), and participate in amazing off-side retreats with the team!
- Small, fully remote team
- Token Options - Get a fair share of the networks future tokens and be able to participate in the upcoming DAO
- Building reliable software infrastructure with Node.js and Typescript
- Experience with web3 libraries (ethers.js, web3.js)
- Experience with testing your code on ethereum test networks
- DevOps experience - deploying code that interacts with Ethereum mainnet
- You can work with high autonomy
- Strong written and verbal communication skills
Technologies we use:
- Typescript (preferred)
- Ethers.js / web3.js
- Buidler / Truffle
- React (Native)
Contributes scarce time:
Everyone who contributes scarce time and attention to our venture should receive pro-rata rewards for producing and curating high-quality (travel) content. As we lean into building deeper relationships with participants and stakeholders, we’re looking to do this using programmable equity. With customized rights and restrictions, we can expand the definition of employee equity to include anyone who helps drive our business as on our team - customers, business partners, community members, etc.
Here's a great example of how to use both time & money to split up the cake during an early experiment: "An investor invests 10.000 USD with a risk multiplier of 20x, it will receive 2'00.000 FDAI tokens. An engineer works for 6 months on the project at a virtual rate of 10,000 USD per month and with a risk multiplier of 20x too, that person will receive 1'200.000 FDAI tokens. These economic rights usually come (but don't need to) with governance rights on the Executive DAO, which is defined by a third token called EGT, or executive governance tokens. All the revenue generated will then be held on the Executive DAO as cash. Once a cash-limit is reached, all the additional revenue must be used to pay back FDAI holders at a rate of 1 DAI for each FDAI token and burning any associated EGT token."
⚖️ Core Values
- Be creative and resourceful.
- Embrace and drive change.
- Celebrate and enjoy the journey.
- Deliver premium value to our customers.
- We value our people and reward their performance.
- Deliver WOW through service.
- Create fun and a little weirdness.
- Be adventurous, creative, and open-minded.
- Pursue growth and learning.
- Build open and honest relationships with communication.
- Build a positive team and family spirit.
- Do more with less.
- Be passionate and determined.
- Be humble.