Dedicated to the vision of web3, we are buidling a mobile app owned and governed by the contributors and users. A privacy-first location-based app, to publish, explore, and share places to Live The Life.
If you have found something unique or your trip was so unforgettable, you can easily share it with your friends on social media, but what happens when, many months later, they actually end up visiting that place, will they remember that incredible restaurant you posted on Instagram, and if they do, will they know where to find it?
Five-star systems are good at weeding out very low-quality places, they do a poor job of separating good from great.
We change the user experience by surfacing content on your timeline, based on your current location. A platform for travel-loving creators to upload original content can be beneficial to those considering a vacation — while being rewarding for storytellers.
How do you know people want this? (2020)
If anything good comes from this post C19 era, it's that people want to connect with friends, and explore cool places to eat, sleep, and play that are nearby.
Having a groundbreaking idea often isn’t enough, as money is needed to implement it and reach product-market-fit. We will make sure to have a Minimum Viable Product (MVP) ready by the ned of this year, and launch the Alpha version as soon as we have found business angels or a VC fund willing to back us up.
What are you going to do next? (2021)
Unlock features based on location. Delivering location-based customer experiences at the right time. Using geofences to represent restaurants, indicating whether they are open, pickup-only, or closed. Geofence places to sleep, understand when customers enter and exit these locations, and deliver personalized communications and in-app experiences. Encourages them to check out recommended activities. Provide promotions and helpful information as travelers arrive at these locations.
Similar to Swarm, allow users to get rewarded for visiting real-world locations, as they can earn tokens through a process called geo-mining. This model allows businesses to attract potential customers to their locations, get their attention or even get them to perform storytelling challenges. Businesses pay only for people that visit their place which make calculation of Return of Investment easy.
Incentivise anyone using the LTL Maps app to travel to a location, and get rewarded for spending quality time.
We plan to use the TokenBridge technology to create a new bridge that locks an ERC20 stable coin, Dai, and mints xDai. Advantage: Fixed gas prices, 5 second blocks and lightning fast transaction speeds. Because xDai is stable coin, prices of any transaction in the network is fixed to a USD value.
GTM & Tokenomics
How will customers and/or users find out about you?
The most efficient and effective marketing is our own product, plus happy customers, plus recommendations. Leverage existing social platforms for discovery & distribution, while giving a compelling enough value proposition so that power users move to a narrower, premium community like ours. Linkdrop enables us to generate onboarding links and integrate via SMS, Email, bots and our in-app buttons. Any user can claim digital assets without having a wallet in advance.
How big an opportunity is there?
Curating maps for one group of people at a time. Example: the global surfing industry, including travel is on the order of $10 billion per year with 50 Million surfers. Later, we will tap into any passionate community (ski, yoga, wine, etc ...)
What do you know about this space/product others don’t know?
It all starts with LTL ambassadors producing high-quality content. They really understand our audience and will help them through their journey of finding places to live the good life. They don’t try to force you into booking a hotel room, instead, they make you want to simply go “Live The Life”. The app gives you the freedom to create your very own dream trip and plan it day by day. (epic UI/UX will be the key)
How does a token capture the value? (Gardens by 1Hive)
Experimentation and iteration will be required to optimize the model and establish best practices. We explore the idea of having LTL Maps and it's Community to be owned and developed by two Aragon DAO's with a legal wrapper. The obvious choice would be a 501 non-profit foundation and an LLC but we are also looking into a LOI 1901 DAO and an SAS in France. This will depend on the business angels we will approach after the prototype of the app is ready for DEMO.
Investors and founders will be rewarded for their risk exposure and efforts and yet, they will be legally locked into transitioning the company to be owned and governed by the Community DAO. With this model, all the assets created and governed by the company will be legally locked down to be transferred to a non-profit organization (DAO powered) that will represent the extended community of stakeholders of its ecosystem. A straightforward funding mechanism that rewards innovators and risk-takers while remaining sensitive to the social impact of new technologies and their reliance on their user’s network effects. It’s not a matter of ethics. It’s what makes sense giving the scale and impact of new technologies and their reliance on the network effects provided by their users. (Inspiration/Credit: Read More)
Tokens can be issued (minted and burned) continuously via a bonding curve. Revenue would be split between the reward pool (used to reward content, code, and design) and the bonding curve reserve (used to reward photos, videos, likes, shares, notes, etc ...). The Community DAO uses the tokens of the Company DAO as the collateral/currency, giving participants a stake in the ecosystem, but also allows the Company DAO to focus on its mission.
Colony is very complementary to Aragon as it is designed to focus on day to day operations and getting things done. Perhaps the Colony protocol could be implemented as a governance module within an Aragon entity. Colony protocol eliminates the need for voting in daily operations. Instead, just like traditional companies, Colony protocol leverages the top-down hierarchy to define a certain kind of autonomous colonies, which can make their own decisions within the boundary. And resources in different colonies are allocated based on the reputation accumulated and the work that has been accomplished.
Users can submit places and content as a "conviction voting proposal", if the content reaches the threshold then it is "featured" and the submitter will be paid a reward from the DAO funds.
A membership protocol, built on a blockchain can enable creators to monetize their content. It lets consumers manage all of their subscriptions in a consistent way, as well as earn discounts when they share the content on social media channels. Contributors could get shares of governance and profit. Readers could subscribe for a base price, but could also pay a higher tier into a reserve pool, which grants them profit share and governance ability.
The Gnosis Safe stack takes advantage of session keys, multi-device management, and account recovery. The app lets you reward each other with tokens of appreciation, where each “like” automatically transfers a token to the content creator. Tokens are used to support and thank users, for curation, and bonding curves. The six-digit PIN, is used for critical features like signing in, authorizing session keys, and wallet recovery. Each user is represented by a Gnosis personal multi-sig on layer 2, to manage the ownership of their tokens.
Maybe we should also have a closer look at The Burner Wallet as it runs on the xDai network. The best part is onboarding is as easy as opening your camera. A brilliant project by Austin Thomas Griffith
Rather than competing against former Web2 platforms, we will use the Abridged SDK to build a layer on top of the DAO to enhance the UX. This means creating systems that limit the change in user behavior, and make group decisions, manage resources (money) within Whatsapp, Telegram or any messenger platform.
The principal innovation of crypto networks is their ability to grow network effects by enabling users to share in the value they create. With each new database entry, or user, the service becomes more valuable to each individual user, generating a network effect. Valuable crypto services now have the unique opportunity to redistribute that value directly to the users who generate it. Designed correctly, an effective distribution of a fee stream can further entrench network effects by giving users a direct economic incentive to contribute, generating more defensibility, which in turn, reinforces the viability of the fee stream in the first place.
Contact: Yves Van den Meerssche