LeisureMeta is a DAO project that utilizes blockchain technology to support digital economies within the Web3 ecosystem. ^[1]

Overview

Launched in 2018, LeisureMetaverse is a DAO project that aims to build a social, cultural, and economic community for Web 3.0 creators. It seeks to redefine digital creative activities as legitimate labor, ensuring fair compensation.

Leveraging blockchain technology, LeisureMetaverse connects validators, members, DApps, DAO governance, and a token economy to promote trust, respect, and cooperation. Key DApps include "I LIKE LM" and "LM Wallet," which operate via Smart Contracts. DAO governance is designed to support transparent decision-making and collaboration.

The LeisureMeta Token (LM Token) is intended to facilitate transactions and support a sustainable economic structure, aiming to bridge online and offline environments and encourage active participation through a contribution-based reward model.^[1][3]

Products

LeisureMeta Chain

LeisureMeta Chain aims to improve blockchain performance and usability by integrating Tendermint and Hotstuff consensus algorithms for efficient transactions. It combines UTXO and account models to support high throughput and sharding.

The chain operates with a Proof of Authority (PoA) consensus, involving verified validators for enhanced security. It simplifies block creation using Conflict-Free Replicated Data Types (CRDT) and incorporates a multi-key management system for secure key handling. Data transparency is maintained through a block explorer. ^[1]

The Moon Labs

Operating under the LM Foundation and led by CEO Sung-Uk Moon, The Moon Labs is a Web3 content group focused on creating and proposing valuable global IP within the new digital economy. Utilizing blockchain technology and platforms such as 'I LIKE LM', The Moon Labs contributes to building a sustainable ecosystem for creators and users. ^[2]

Ecosystem

I Like LM

LeisureMetaverse's "I LIKE LM" platform aims to enable Web 3.0 creators and fans to create and share digital content. Contributions are rewarded to encourage engagement and support data sovereignty.

Members participate as prosumers, involved in creative activities and decision-making. Fans can form DAOs around creators with shared goals.

Blockchain technology is used to ensure transparent operations and reward contributions. The LM Wallet and Soul Bound Tokens (SBT) provide secure identity verification, aiming to protect users from hacking and impersonation.^[1]

LM Wallet

LeisureMetaverse's ecosystem aims to securely manage user addresses and LM Tokens through the LM Wallet. It employs decentralized identity (DID) technology for identity verification and supports multi-chain bridging to enable cross-network token use.

LM Tokens are available on the LeisureMeta Chain and as ERC-20 on Ethereum, and they are interchangeable through a bridge. The LM Wallet aims to provide access to all services without additional verification, expanding LM Token usability across various blockchains. ^[1][3]

LM TwinCity

LM Twin City aims to integrate blockchain-based platforms and services with real-world infrastructure, establishing a true ecosystem with a new data model. This approach seeks to provide users with a unique experience that bridges digital and physical realms. By connecting traditional Web2 and next-generation Web3 technologies, LM Twin City uses blockchain to create a transparent and secure environment, allowing users to access various content safely and transparently. The objective is to offer a more trustworthy ecosystem.

LeisureMeta is working to make various Web2 projects available in the blockchain-based virtual world. Integration points with blockchain technology are being developed before implementation. The platform facilitating this integration is the LeisureMeta dApp, I LIKE LM. ^[3][4]

Tokenomics

LeisureMeta Token ($LM)

The LM Token is capped at 5 billion to manage deflationary pressures. It is available in two formats: LMC LM for the LeisureMeta Chain and ERC-20 LM for Ethereum. These formats are compatible through the Ethereum-LeisureMeta Chain bridge. The token is intended for expansion across various networks, including Luniverse and BNB Chain, via multichain bridging. Transaction activity is disclosed through LeisureMeta Chain scan and Etherscan to ensure transparency. ^[1][5]

Allocation

The LM Token distribution supports the platform's launch, ecosystem growth, and user governance. Excluding 2% for public relations, which is released immediately, 98% is initially locked and will be gradually unlocked after listing.

• DAO (60%): For rewards and DAO setup, released in monthly 1.67% increments starting 31 days post-listing.
• Sale (10%): For initial development, with 1% released at listing and 9% 31 days later, followed by monthly releases of 10%.
• Ecosystem (13%): For ecosystem and tech development, with 5% released monthly starting 181 days post-listing.
• Team & Advisor (10%): For team and advisors, released similarly to Ecosystem tokens, starting 181 days post-listing.
• Biz Partner (5%): For partnerships, released following the same schedule as Ecosystem and Team & Advisor tokens.
• PR (2%): For activation and liquidity, fully released at minting.^[1]

Governance

LeisureMetaverse's DAO governance system aims to enable members to propose and vote on political, economic, and administrative matters using blockchain technology. Initially, validators are selected by the development team but will eventually be elected by DAO members. The project team manages early operations, with plans to transition to a DAO for decentralized, autonomous governance and collaborative value creation.^[1]

Partnerships

LeisureMeta x Golf T

On May 27th, 2024, LeisureMeta signed a Memorandum of Understanding (MOU) with Golf T, a golf reservation platform in Thailand. The partnership aimed to undertake various projects incorporating Web3 technologies, foster cultural exchanges, and expand business opportunities between Korea and Thailand. Key initiatives included developing the Golf T application, collaborating technically to enhance the LM ecosystem, and creating customized travel products. This collaboration positioned LeisureMeta to broaden its global business presence by leveraging Golf T's comprehensive offerings, encompassing reservation services for approximately 130 golf courses, IT solutions, mobility services, and golf lesson academies. ^[6]

LeisureMeta x Gaudi World Foundation

LeisureMeta collaborates with the Gaudí World Foundation to extend Antoni Gaudí's legacy in Korea and Asia through conservation, research, education, and cultural events. This includes the creation of Gaudí Asia Pacific and activities like issuing the Joybo NFT and co-hosting the NFT Korea Festival 2024 with Gaudí-themed exhibitions.

Future plans involve establishing Gaudí Hubs in Seoul and Thailand, launching immersive media art exhibitions, and expanding LM token use. This partnership aims to blend culture, art, and technology, making Gaudí's legacy accessible to a broader audience.^[7]