Metis CEG Program: League.Tech, SocialFi on Metis

In the landscape of Web3 SocialFi platforms, the current challenge is the need for the user-friendly experience characteristic of popular Web2 social media platforms like X and Instagram. League.Tech sets out to not only bridge this gap but also address fundamental design flaws related to user retention, platform engagement, and incentives within the creator economy.

Our innovative approach not only enhances user engagement and retention but also provides a novel solution to the prevalent issues faced by content creators and consumers in current Web2 economies. Simply put, content creators are incentivized to engage more deeply with their followers, while followers are rewarded for their loyalty to a creator. Fostering a symbiotic relationship wherein both content creators and followers can derive benefits within the League.Tech ecosystem.

This comprehensive solution marks a pivotal step towards enriching the creator economy by amalgamating the best features of Web2 user experiences with the potential of Web3.

• Website: League Tech
• Social Media: X/Twitter

Key Features:

• Tiered Access: Ensures inclusivity, a premium user experience, and an opportunity for rewards sharing.
• Unique key shorting Mechanism: Introduces a direct way to take a short position from the bonding curve without introducing counterparty risk, fees, thus resulting in expedited price discovery.
• Dynamic Reputation Badge System (Nuvo): Have fun with badges and avatars for completing specific tasks while simultaneously building trust and credibility within the ecosystem.
• League Creation and Betting: Like-minded content creators come together to create “Leagues”, within these leagues users will compete with each other for rewards. May the best, win!

Value Proposition:

League.Tech aims to be the de-facto Metis SocialFi platform. By introducing an elegant Web2- esque social media experience within a Web3 SocialFi platform, League.Tech will not only be able to take significant marketshare within the DeFi native userbase, but will be able to expand very quickly to more traditional brands, markets, and users who are not currently users of blockchain platforms. The specific features of the dApp were designed to promote on chain activity and fee generation. League.Tech will directly infuse the Metis L2 chain with significant on chain transaction activity, generate substantial fees, and ultimately bring a strong foundational platform that will spur collaboration across the Metis ecosystem.

League Tech Design & Functionality:

Roadmap:

• Q4 2023 Seed Round

• Q4 2023 MVP Launch

• Q4 2023 GTM Phase 1

• Q1 2024 League Creation

• Q1 2024 zkREP Alpha

• Q2 2024 Series A

• Q2 2024 Perpetual Condition Rewards

• Q2 2024 GTM Phase 2

• Q2 2024 Business Onboarding

In Summary:

League.Tech will disrupt the SocialFi space by bringing Web2 social media’s ease of use and design to Web3. Current platforms such as Friend.Tech and Stars Arena lack more in-depth ways for content creators to engage with their users. Without a key shorting mechanism there is no way for proper price discovery to occur, preventing new users without significant means from participating. While the competition may be successful within the realm of crypto native users, they lack the reputation credibility system that scales beyond speculative crypto trading. Users of traditional social media have come to rely on such systems (trust scores and account verification, among others) as a way to grow their follower base and feel comfortable promoting the platform to others.

Pitch Deck:

https://docsend.com/view/bppfmkhawc47bqn7

Audit:

Quantstamp is currently auditing our core blockchain contracts.