Prix de Geojam Token (JAM)

Geojam has served as a bridge for fans to engage directly with artists, athletes, and influencers such as Mariah Carey, Machine Gun Kelly, and Nyjah Huston. With the inception of our cryptocurrency, $JAM, we combine the technological advancements of decentralized finance with real-world experiences while interweaving the ethos of autonomous cryptocurrency communities and mainstream social networking. $JAM token is earned by fans for engaging in the crowds and activities they are passionate about, which can be used to support those same crowds and creators and traded for access to real-world experiences, merchandise, and Non-Fungible Tokens (NFT’s). $JAM will reward creators for their social reach in exchange for providing experiences and opportunities for their fans, restoring the true value of the creator economy.

Currently, on the platform, there are two ways in which experiences and additional offerings can be redeemed through jam shop transactions and campaign competitions. We will also be introducing two types of pools on Geojam, Proposal pools and Creator Access Pools (CAPs). Let's talk more about staking pools!

Nodes that makeup and participate in decentralized networks are incentivized to provide additional services (bandwidth, computing power, etc.) to the network in exchange for a portion of block rewards and fees. In many decentralized networks, nodes require initial collateral of the network's cryptocurrency to participate in the network.

On Geojam, pools operate in a similar capacity requiring people to stake $JAM to participate in exchange for rewards and access to endless possibilities of games, experiences, and special items in the Jam Shop.

Our products are broken down as follows: Proposal Pools: Proposals are a form of platform governance where Geojam and user-generated initiatives are requests for features or creator opportunities and require users to stake $JAM to participate. Many of these proposals will ultimately turn into experiences in Creator Access Pools (CAP).

Creator Access Pools (CAP): These are pools hosted by a creator. The creator creates unique opportunities that will invite users from crowds to stake $JAM. A user can stake $JAM on the creator’s CAP to unlock direct access to them, experiences, tickets, merchandise, NFT’s, content, etc. Both the creator and the user earn rewards for participation. $JAM will reward creators for their social reach in exchange for providing experiences and opportunities for their fans, restoring the true value of the creator economy. The first phase of the token cycle will be an ERC-20 $JAM token that will be launched in Q4 of 2021. This token will have basic staking functions. We will migrate to the L0 token in phase two. ERC-20 $JAM tokens will be swappable for L0 tokens.