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.
Through personalization, Netflix serves up “what to watch,” Amazon “what to buy,” and Spotify “what to listen to”, so what if our long-term value prop is knowing your favorite places well enough to offer “what to do, where to go and who to do it with?” Shaka Places will be the first privacy-first location-based dapp to share magic places and reward content, code & design.
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?
Social media rely on content creators for the value their platform provides, though they rarely receive rewards for it.
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.
The app could distribute tokens to content creators proportional to the amount of Reputation they earned (example: number of likes their photos got each week).
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.
What are you going to do next? (2022)
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 and inspire other people to LTL.
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.
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. Soon, we will tap into any passionate community (ski, yoga, wine, etc ...)
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 its 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. Below is a fresh idea we have been exploring more recently:
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, our app becomes more valuable to each individual user, generating a network effect. We 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 our users a direct economic incentive to contribute, generating more defensibility, which in turn, reinforces the viability of the fee stream in the first place.
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 designed to focus on day to day operations and getting things done. 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 fees. 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?
I'm personally excited about these UX improvements:
We are building a fundraising DAO for LTL Maps, and want a simple frontend for the presale so the users can contribute with a simple button. By far the easiest way is to use the Fairmint technology, if we get early access ... If not, here's a few, more complex, more experimental alternatives:
The TrustSDK lets you sign Ethereum transactions and messages so that you can bulid a native DApp without having to worry about keys or wallets. (Cosmos already integrated)
- Coin/Staking support will be available natively inside Trust Wallet
- Aragon Chain will be available for anyone to interact via TrustSDK
I can totally see Aragon Wallet being a super thin app with just the Aragon specific features we need (Voting, Fundraising, Notifications, etc) that then uses an Ethereum wallet as it's signing provider for all things Eth and a Cosmos SDK/Ethermint wallet for all things Aragon Chain.
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 def 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 behaviour, and make group decisions, manage resources (money) within Whatsapp, Telegram etc.