Proposal 85 kicks off the migration plan
Proposal 85 is currently being raised on the mainnet and is in the deposit period. kin shares several points worth mentioning and outlines the plans for the product that relies on the LikeCoin chain.
After approximately a quarter, Blocktrend from Taiwan, led by Aso Hsu, finally raised a formal proposal. The assumption is that the proposal will receive enough deposits to move into the official voting period, with confidence in this outcome. However, rather than placing the necessary LikeCoin deposit immediately to advance the proposal, it is considered a meaningful moment for the community to join in, encouraging those who support it to deposit a certain amount. This involvement helps more people participate in the process.
Once the proposal enters the formal voting period, sufficient community support is essential to proceed with the planned actions. This responsibility falls on Tech SubDAO, as development, migration, and other tasks must be conducted. Additional proposals are needed to realize what is proposed in Proposal 85, signaling this intention to the community. If the proposal passes, it needs to be broken down into smaller steps and proposals to make it happen, with seven steps already outlined in a previous paper. Currently, this is the first step, and many tasks must be completed before reaching the goal.
Liker Land is willing to take on some tasks, but additional help from others is needed. There is a reasonable budget for these tasks, acknowledging their complexity and significance. Interested parties are encouraged to contribute.
Phoebe explained the key action item is to ensure the proposal enters the voting period, emphasizing the importance of raising enough awareness during the deposit period to involve as many community members as possible. Internal discussions at Liker Land have focused on planning ahead for necessary migration items, which are separate from the LikeCoin chain. Token migration will be handled as a distinct task if assistance is available.
Migration process explained
Several items have raised community concern, particularly regarding the future of existing products. User accounts, currently managed through Keplr for decentralized logins and Authcore for social logins, will continue to support EVM addresses. Migration plans include integrating Liker ID with EVM addresses alongside LIKE tokens, ensuring a seamless transition without the need for a new user flow.
Writing NFTs and eBooks will migrate to the Ethereum Ecosystem. Users’ previous Writing NFTs and collected books will remain accessible on both the old and new Liker Land sites post-migration. The token format, likely between ERC 721 or 1155, is under consideration due to its widespread infrastructure support.
This migration plan involves significant complexity and effort, acknowledging the need for community involvement and the availability of a reasonable budget to support these tasks. Interested parties are encouraged to contribute to ensure a smooth transition.
A wallet can effortlessly display the collected eBooks, offering a straightforward view of one’s collection. There might be suggestions on the book metadata for specific fields unique to the platform, which could be considered in a later phase. The primary objective remains to adopt a major token standard, enhancing integration with the EVM ecosystem. Additionally, a separate layer, ISCN, will undergo structural changes related to its current minting process on the LikeCoin chain.
Technical questions require expertise beyond this context, with William available to provide further insights. Plans are in place to migrate the existing NFT text memo, a special module on the LikeCoin chain, although its storage method is still under discussion. This aspect runs parallel to other exploratory possibilities previously outlined.
The current login services technically support EVM logic, but there is still a need to determine if an upgrade or migration from that service will be required. Awareness exists that the existing ERC ecosystem has an established wallet library, leading to the consideration of directly enabling that library instead of integrating with WalletConnect independently. This is an exploration avenue in response to the migration period.
During the migration period, two parallel sites are likely to operate. The new Liker Land site, expected to resemble the current one, will feature an ERC backend. The old site may be downgraded with a different color scheme or a slightly altered URL to indicate it as the legacy site, retaining only basic functionalities for users to track old book transaction records. All activities will eventually consolidate on the new Liker Land site after the migration, mirroring the current site’s appearance.
More details are set to be outlined in Q4, contingent on resource availability and timelines aligned with ongoing Liker Land product developments, such as the current publication timeline. Additional news will be shared in the next community call, assessing the capacity to manage the LikeCoin chain migration path.
William is poised to provide further insights or address any audience questions or expectations. This plan remains in the preliminary stages, and as technical details are addressed, adjustments may be necessary. Questions about the legacy site’s functionality, such as whether it will offer full features or just transaction pages for each Class ID, remain unanswered.
Liker ID <-> ENS subdomain
Regarding Like ID’s transition to ENS subdomains, this has been explored previously, with status updates on ENS and Optimism remaining unclear. ENS records are maintained on the mainnet, allowing specification of corresponding addresses in various chains, including major L2 chains like Solana, Cosmos, and Bitcoin. Although previously costly, collaborations with Coinbase or Binance may alleviate gas fees, facilitating this aspect of the migration in later stages.
Book Listing and Sales Updates
Several key data points from Liker Land are measured on a weekly basis, although the summary is provided for the monthly Community Call. In September, the number of new book listings was consistent with October, and there was a slight growth in affiliates due to the efforts of new authors promoting their books. Transaction volume experienced a slight decrease, attributed to a recent book campaign launch in early October, impacting the volume. The goal remains to achieve consecutive month-over-month positive growth in transaction volume.
The reach on social channels continues to expand, thanks to collaborations with authors and collaborative posts. Liker Land is growing its social presence across various platforms. Last month, the Liker Land team expanded services to include EPUB creation for partners lacking the resources to produce their own, enabling them to sell digital books. A collaboration with the local independent publisher Blue Sky led to the launch of six exclusive eBooks at the 3th UK Book Fair. Another partnership with Nowhere Publisher from Taiwan saw the launch of new books, highlighted by an autograph feature unique to Liker Land.
Data over several months revealed that certain types of books have a high tipping conversion rate, with over 20% of transactions including tips for authors. This feature sets Liker Land apart from other eBook platforms, and efforts will continue to streamline and improve the sales flow for tipping. Additional sales strategies were integrated during events, with plans to implement them online as well. New features include offering coupons to first-time visitors and return customers, facilitated by migrating to a more flexible CMS system.
An ongoing project involves a cross-sell feature, with data collection underway to evaluate its performance. Insights will be shared in the next monthly Community Call, following the launch of this feature last month. This summary encapsulates the key learnings from September.
Several books are available with custom autographs, meaning readers will receive a personalized message from the authors themselves. A few of these books are nearing the end of their quota and are almost sold out. Interested readers are encouraged to support the authors by visiting the main bookstore site, with the link to be provided later.
In addition, there are other books that have been listed over the past two weeks. Readers interested in supporting these works are encouraged to make a purchase soon, as some events will be closing shortly.
Questions are welcome, with answers available to provide further details. Subscribing to the newsletter, which is sent out every two weeks, offers more frequent updates. The next community call will provide further progress updates, with the aim of seeing more participants in the next session.