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    T2T2 – New SocialFi Project in Decentralized Finance Space

    Cryptory.net - Bitget recently announced its latest launchpad project - T2T2, which is expected to be comparable to friend.tech.

    T2T2 is a comprehensive community trading platform operating on both the Base chain and ETH chain. It aims to provide socializing services in one stop for all users in the Web3 space, allowing users, projects, and even KOLs to easily interact with other users or fans in order to maximize their personal economic value.

    Outstanding features

    Trading Room: The first social-driven fund product, utilizing a bonding curve to enhance fund liquidity. All users buy keys and stake their ETH as LP (Liquidity Provider) funds for the room owner to invest and trade. When users buy keys, they don’t calculate shares; instead, they receive a proportional liquidation share based on the amount of ETH they would get when selling their keys.

    Trade Key: Key transactions yield $T-Points. Room owners earn a 6% fee from users trading their keys.

    FOMO: Room creators initiate challenges, rewarding the last Key purchaser within specified intervals with accumulated rewards in $T-Points or ETH.

    Daily Dividends: Every night, users in a Room receive T-Points equivalent to the Room’s population, ensuring active engagement.

    Room Activity Distribution: Weekly, Room activity determines rewards. Factors include user count, owner’s activity, owner’s platform ranking, and total Rooms.

    Learn To Earn: The platform creates the Learn To Earn activity, and each user can participate according to the rules and receive $T-Points rewards. In addition, users can also participate in task activities, learn web3 knowledge, and obtain TAT and other badge rewards.

    Task To Earn:  It empowers users with a wide range of services, including configuration, validation, reward distribution, and data analysis for quests. It serves as a growth-oriented platform for ecosystems and projects, providing essential services and support for both projects and users.

    Invite to Earn: After minting the first Key, users can invite friends using the invitation code. A successful invitation will earn both parties a reward of 100 $T-Points.

    Social to Earn: The platform will reward all users with 15% of the tokens as airdrops. This will last for at least two years and be divided into 20 airdrops for users. Chatting and interacting with your favorite KOLs or interesting friends on the platform will be the way to obtain airdrops.

    Tokenomics

    Token data

    • Token Name: T2T2 Token.
    • Ticker: T2T2
    • Blockchain: Base
    • Token type: Utility and Governance.
    • Total supply: 10,000,000,000

    Allocation

    Token utility

    $T2T2 is the major token of the T2T2 platform. $T2T2 holders can convert $T2T2 to get escrowed T2T2 ($esT2).

    $esT2 utilities:

    • Tradable: $esT2 is transferable, meaning it can be traded.
    • Voting: $esT2 holders have the right to govern the platform, participate in the management of the use of treasury funds, and the APY adjustment management of platform rewards.
    • Share Protocol Income: $esT2 can be staked for dividends, and users who stake $esT2 can earn 30% of the platform’s handling fee income from all rooms. The platform’s handling fee income starts to accumulate when the Trading room is officially launched.
    • Yield: The revenue of the T2T2 platform is diversified, and the distribution of platform revenue is governed by the joint voting of T2T2 holders, dynamically adjusting the income distribution.
    • Vesting: $esT2 can be unlocked for $T2T2 at any time, with the same amount. But after the user confirms the unlocking, $T2T2 will be released linearly in days within one year.
    • ZAP LP unvest $esT2: ZAP a specific amount $ETH can unvest $esT2 without 1-year vesting, all $esT2 can be unlocked 100% right away after zapping. Details TBD.

    Roadmap

    2023 Q3

    • Project initiation completed.
    • Android version successfully launched.
    • Apple Store launch accomplished.
    • Ongoing business collaborations continued.

    2023 Q4

    • Launch of T2 Influencer.
    • Announcement of $T-Point distribution.
    • IEO (Initial Exchange Offering).
    • IDO (Initial DEX Offering).
    • Launch of DEX/CEX platforms.
    • Continued business collaborations: In-depth collaboration with existing partners and exploration of new ecosystem partnerships.

    2024 Q1

    • AI Social Integration: T2T2 will integrate a powerful AI assistant, providing users with personalized social suggestions, content recommendations, and social connections.
    • T2T2 DAO: Implementation of community governance, allowing users to collectively manage platform rules and development direction.
    • Token Use Case Expansion: T2T2 will diversify its application scenarios, enabling users to initiate various tasks.

    2024 Q2

    • DeFi Social Integration: The fusion of decentralized finance (DeFi) with social features, offering users additional social-economic opportunities.
    • Video Social Interaction: Cross-chain video social interactions will provide users with a broader range of social engagement opportunities, enhancing the global value flow between video content creators and viewers.
    • Cross-Chain Interoperability: T2T2 will establish cross-chain connections with other blockchain platforms, enabling social interactions and value flow across different chains.

    2024 Q3

    • Social Gamification: Introduction of social gaming elements to incentivize user participation and activity through social interactions and competitive mechanisms.
    • Virtual/Augmented Reality Social Integration: Further exploration of the integration of virtual/augmented reality technologies with social interactions.

    2024 Q4
    Cross-Industry Expansion: T2T2 will diversify its business model, continually enhancing user product experiences. The expansion will continue in both products and business models to meet the usage experiences of users from various fields.

    Investors and Partners

    According to Cryptorank, the project raised $200K but investors have not yet been disclosed. The project also announced partnerships with LOOTaDOG and PlanX as a way to expand its influence on the Web3 space and help users increase profits.

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