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Lykely

Lykely

A gamified meme prediction market built on LUKSO

Created on 5th May 2025

Lykely

Lykely

A gamified meme prediction market built on LUKSO

The problem Lykely solves


  • The meme world is full of creativity and virality, but lacks structure for long-term value.
  • Creators are rarely rewarded or recognized, even when their memes go viral and shape internet trends.
  • Once a meme’s popularity fades, its cultural and economic value disappears with it.
  • There is a clear disconnect between creativity, recognition, and monetization in today’s meme ecosystem.
  • This leads to underappreciation of creators and missed opportunities for community engagement.
  • What’s missing is a sustainable Platform that captures a meme’s impact and fairly distributes its value to both creators and people who appreciate it.

Challenges we ran into

1. ✨ Making the Platform Responsive on Grid Layout

  • Creating a smooth, responsive layout for a meme-heavy interface was a real challenge — especially with a mix of landscape, portrait, and square content.
  • We initially struggled with inconsistent alignment and overflow issues while setting our mini-dApp on Grid layout

2. ⚖️ Designing a Fair Reward Distribution Algorithm

  • We iterated through several versions, balancing between rewarding predictors and giving creators a share if their meme goes viral.

  • The final approach involves:

    • Winners reclaiming their prediction amount (in $LYX) .
    • Distribution of lost prediction pool among correct predictors proportional to their prediction amounts respectively.
    • A 10% platform fee of which a 30% creator bonus if the meme goes viral

3. 📈 Formulating the Virality Algorithm

We needed a way to define virality using measurable engagement — not just random hype.

  • After testing different thresholds, we finalized an approach where a meme is considered viral if it crosses:

    • Views > 50% of the total user base
    • Likes > 15% of its views
    • Supporters > 3% of its views

Tracks Applied (1)

Build mini dApps for Universal Profiles

🔗 How Lykely fits into Build mini dApps for Universal Profiles track Lykely is built around Universal Profiles (UP) at ...Read More

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