Official Superlocal White Paper and other product information
Superlocal is a social network with game features powered by the Ethereum blockchain. Users can check in to document the places they go and share those check-ins with friends. Each check-in made on Superlocal has the opportunity to be monetized.
Upon checking in, users can choose whether to submit their post into an approval queue to earn LOCAL tokens. Only high quality check-ins (good photos and captions) will be approved for tokens. Additionally, to incentivize leaders in the community, early adoption, and participation, users can claim 1 of 1 virtual, real-world places (“Superlocal Mayorships”) by being physically present at a location (‘GeoNFTs’). Collectors of the real-world location on Superlocal (“Mayors”) earn LOCAL tokens when other people make approved check-ins at the places they’ve collected. The Superlocal platform will also have tools for businesses to conduct NFT drops that reward the NFT holders with special perks (‘Perk Drops’).
Superlocal Mayorships and Perk Drops are non-fungible, transferrable, and scarce digital assets that are stored in Ethereum smart contracts. Mayorships and Perk Drops can be acquired by either spending ETH or an ERC20 token called LOCAL. Users earn LOCAL when they submit checkins for review by Team Superlocal, through their Mayorships, or they can purchase it on cryptocurrency exchanges. Users can also use LOCAL to purchase digital goods and services on Superlocal. (Note: We will likely use an Ethereum Layer 2, such as Polygon, for Perk Drops. We may allow users to pick between either Ethereum or Polygon when minting Mayorship NFTs since they can be bridged back-and-forth.)
Superlocal is designed to make every day life feel like a fun game. It is meant to give people a sense of community and belonging to the nearby (local) instead of feeding people content from around the world. User feeds naturally localize because of the checking in mechanism, since most people spend the majority of their time near where they live. The goal of Superlocal is to help people love where they live and incentivize them to enjoy and explore the nearby.
This document lays out the Superlocal product in more detail, the economic mechanisms, and token economics.
We are creating a social network that faciliates a better sense of community and belonging to the nearby with user-owned economies and game-like features that encourage exploring.
To create the most ethical, healthy major social network, where billions of people can feel a deep connection to the people, places, and things nearby.