Long Term Product Growth Strategy
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✏️ These are ideas to drive user retention
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- creating user profiles and have the ability to follow other users to see what tournaments other users are engaging with, add users to squads, etc.
- this will help improve discover
- create A live user feed - the feed can be filled with related contests + real life sports news —> can be an all in 1 sports app
- users can select topics or sports to follow —> news and contests related to those sports will show up on their feed
- UX : Creating an onboarding guide for users
- when a new user signs up, maybe create a non custodial solana wallet automatically for them and airdrop a little bit of solana to them for them to claim FANT
- making the phanbot building/mint as part of the onboarding process so they can immediately share it with the world
- feature: Creating a squad
- users are able to friend other users, and join with their friends on competitions
- you can mimic a betting model here where users can “stake” their tokens and you get a mini pool amongst the squad - whoever wins takes all
- maybe if a squad were to collaborate on a competition, and that squad wins, the entire squad gets the reward and splits the reward accordingly ( this is essentially a DAO structure for these squads)
- look at creating a female focused sports outlet to get more females participating in fantasy leagues?
SHORT TERM FOCUSED PRODUCT STRATEGY
Virality Loops - Referrals
- Strong point of fantasy sports: friends have to be on the platform for you to have fun
- What does the product look like in terms of having groups of people compete against each other?
- Good referral loop is the clash of clans / clan loop (you want your friend to join your clan, so you want them to play the game with you and you get them into your clan, creating an easier, fun, and more interactive onboarding process for the friend joining as well.
- Incentivize word-of-mouth and inviting
- Free tokens, rewards, $$, etc.. to incentivise WOM
- Create sharable content
- How can you get people to naturally share on their stories on IG, Snapchat, etc... You want to create a seamless experience for them to show off to their friends and community.
- e.g Spotify Wrapped
- Example Idea: Create a week/month in review story sharing feature showcasing where you are in the fantasy league
Utilize the User
Create an incentiviezed invite program - invite 3 friends get “X” Fant
- later you can create a program where you can redeem Fant for sports NFTs.
- this goes into the idea of launching a phantasia NFT collection (look at the “Later Down the Road” section
create a shareable “ Fan Card” where people can share their NFTs as part of invitng people are getting people to join a group/squad
- make the Phanbot mintable for users so they can easily share it
- share your phanbot and earn x FANT tokens - submit twitter url as proof that you shared it?
- in order to invite other users, create an automatic generated personal invite card that has the users phanbot plus the invite code
- when other users see the phanbot, they are gonna wanna join and make one.
- Users can Invite people to a squad where you can compete against a group of friends.
- this goes into a product feature idea ( look at Product Growth Strategy Section)
- focus more attention to the phanbot NFT —> make the phanbot builder part of the onboarding flow
Product Focus