jam

Summary:

  • What is The Geojam Platform and how does it work?
  • Advantages of the Geojam exchange.
  • Geojam’s past, present and future price positions.

The GeoJam Platform

Fans can now interact directly with celebrities, athletes, and influencers like Mariah Carey, Machine Gun Kelly, and Nyjah Huston thanks to Geojam. With the launch of the cryptocurrency, $JAM, the platform integrates the principles of independent cryptocurrency communities and traditional social networking while fusing the technological developments of decentralised finance with real-world experiences. Fans that participate in the communities and activities they love can earn the $JAM token, which can then be exchanged for access to those same communities and creators as well as goods, experiences, and Non-Fungible Tokens (NFTs). By rewarding creators for their social influence in exchange for giving their followers chances and experiences, $JAM will revive the true worth of the creator economy.

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Geojam (JAM) - What Is It? How Does This Token Works?

Geojam (JAM) - What Is It? How Does This Token Works?

Kucoin Blog Kucoin Blog 30.03.2022 14:27
  Table of Contents   What is Geojam? How does Geojam work? What makes Geojam unique? Who created Geojam? Closing thoughts The creator economy is playing a significant role in shaping the future of digital work. At the moment, over 50 million renowned individuals, ranging from social media influencers and celebrities to athletes, are devising new monetization strategies alongside their fans.   However, an effective system would need creators to move their followers from centralized social media organizations, which capitalize on creators’ engagement and impressions. With creators already mapping their future, they lack platforms to actively engage with their fans while monetizing their content at the same time.   Geojam seeks to address this problem by encouraging fans to form Crowds. Crowds are groups of individuals who passionately stand up for what they believe, advocate for what they love, and represent their identity. Through crowds, Goejam offers creators an opportunity to develop scalable monetization plans while establishing stronger connections with their crowds.   Unlike fans who come together to hear creators, crowds form to be heard. Specifically, Geojam offers crowds the power to use their marketable collective influence and attention. The project achieves this by creating shared value with creators that leverage unique social experiences to positively impact and shape lives.   How Does Geojam Work? Geojam uses a two-way interactive relationship to restructure the monetization system around social influence. The social engagement platform records engagement metrics around experiences to create intent-driven marketing. In doing so, Geojam helps foster a generative effect among all interconnected parties. That is, brands, creators, and crowds.   The platform works as a bridge to connect fans and creators, artists, social influencers, and athletes through gamification and real-life experiences. Unlike traditional advertising, which is based on the value of the advertisement, Geojam’s model focuses on interconnected relationships created through shared experiences and crowds.   Since its launch in 2020, Geojam has attracted tens of thousands of iOS users. To achieve this feat, the project allowed users to connect their Spotify and Apple Music accounts to its platform to sign up and start earning Jam Points. Jam Points let holders participate in the Geojam ecosystem.   What Makes Geojam Unique? While music streaming platforms let users access their favorite tunes at a fraction of the cost of downloading the tracks, they do not offer a sense of community. Additionally, they do not provide users with a sense of identity or relationship with the music and artist.   By allowing crowds to form around music, Geojam helps nurture communities with robust discussions and dynamic partnerships. The platform uses Jam Points to measure engagement. Users that actively participate in their crowds get more Jam Points.   Crowd members can redeem their Jam Points in the Jam Shop to acquire highly-coveted platform-exclusive merchandise and once-in-a-lifetime experiences. Thus far, Geojam has on boarded artists like Mariah Carey, Machine Gun Kelly, 24kGoldn, and Nyjah Huston, to mention a few.   Through these collaborations, the platform has offered crowd members opportunities to win experiences like flying on a private jet to an artist’s hometown, playing video games with artists, designing apparel alongside artists, sharing a billboard with musicians, and getting one-of-a-kind memorabilia, among others.   To help crowds and creators tap into the benefits of the rapidly growing decentralized finance (DeFi) industry, Geojam launched a cryptocurrency dubbed JAM. This token will eventually replace Jam Points and help merge the perks of autonomous crypto communities and mainstream social networking. Users will earn JAM tokens for being active in crowds.   Creators that reach out to their crowds and share experiences and opportunities will also get JAM rewards. JAM holders can use their holdings to support crowds or creators. Alternatively, they can trade their tokens for real-world experiences, merchandise, and non-fungible tokens (NFTs).   By incentivizing engagement through JAM, Geojam benefits all stakeholders and eliminates the need for advertising. The platform achieves this by rerouting incentives from social media giants to the creator economy.   Who Created Geojam? Geojam was co-founded by Sarah Figueroa, Sam Krichevsky, and Justin Rosenbaum. Figueroa serves as CEO, Krichevsky as COO, and Rosenbaum as CGO.   The rest of the Geojam features Jon Li as Head of Product, Eli Schiff as Business Development and Strategic Partnerships Lead, Gavin Prophet as Community & Social Media Manager, Alisha Cook as Executive Assistant, Outerskies as Artist Relations & Experience Manager, and Chris Giuliano as Finance & Token Community Manager.   Geojam also features Mariah Carey, Nyjah Huston, and 24kGoldn as celebrity advisors.   Closing Thoughts As an economy where artists, creators, and fans can earn together and generate value for experiencing moments together, Geojam is shaping the future of the creator economy. The platform also helps eliminate the need for social media platforms, which reap most of the benefits of creators engaging with their followers.     Sign up on KuCoin, and start trading today! Follow us on Twitter >>> https://twitter.com/kucoincom Join us on Telegram >>> https://t.me/Kucoin_Exchange_New Download KuCoin App >>> https://www.kucoin.com/download Subscribe YouTube Channel >>> https://www.youtube.com/KuCoinExchange  Source: KuCoin  
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Altcoins: Geojam Token (JAM) - What Is It? - A Deeper Look Into the Geojam (JAM) Platform

Rebecca Duthie Rebecca Duthie 30.08.2022 16:39
Summary: What is The Geojam Platform and how does it work? Advantages of the Geojam exchange. Geojam’s past, present and future price positions. The GeoJam Platform Fans can now interact directly with celebrities, athletes, and influencers like Mariah Carey, Machine Gun Kelly, and Nyjah Huston thanks to Geojam. With the launch of the cryptocurrency, $JAM, the platform integrates the principles of independent cryptocurrency communities and traditional social networking while fusing the technological developments of decentralised finance with real-world experiences. Fans that participate in the communities and activities they love can earn the $JAM token, which can then be exchanged for access to those same communities and creators as well as goods, experiences, and Non-Fungible Tokens (NFTs). By rewarding creators for their social influence in exchange for giving their followers chances and experiences, $JAM will revive the true worth of the creator economy. There are now two ways on the platform to redeem experiences and extra offerings: jam shop transactions and campaign competitions. Two new pool types, Creator Access Pools and Proposal Pools, will soon be introduced on Geojam (CAPs). Let's discuss staking pools in more detail. Decentralised networks' nodes are motivated to contribute extra services (bandwidth, processing power, etc.) to the network in return for a share of block rewards and fees. Numerous decentralised networks need cryptocurrency as initial collateral before nodes can join the network. On Geojam, pools function similarly, requiring participants to stake $JAM in return for rewards and access to an endless array of games, experiences, and unique items in the Jam Shop. The following is a breakdown of their products: Pools of proposals Geojam and user-generated initiatives are requests for features or creator opportunities, and proposals are a type of platform governance where users must stake $JAM to participate. In the end, many of these ideas will become experiences in Creator Access Pools (CAP). Pools called Creator Access Pools (CAP) are those that a creator hosts. The designer develops special prospects that will entice users to bet $JAM from crowds. To gain direct access to a creator's experiences, tickets, goods, NFTs, material, etc., a user can wager $JAM on the creator's CAP. Participation in the activity rewards both the creator and the user. By rewarding creators for their social influence in exchange for giving their followers chances and experiences, $JAM will revive the true worth of the creator economy. An ERC-20 $JAM coin that was released in Q4 of 2021 will represent the first stage of the token cycle. Basic staking features are available for this token. In phase two, we will switch over to the L0 token. L0 tokens will be exchangeable for ERC-20 $JAM tokens. The current market capitalisation for this crypto is $3,070,389. There is a maximum supply of 8 billion JAM tokens, 9% of these are currently in circulation. Advantages of the Geojam Token Platform Decentralised finance, they integrate the values of independent cryptocurrency communities and traditional social networking while fusing the technological advances of decentralised finance with real-world experiences. Exclusive offerings, Fans can earn $JAM by taking part in communities on the Geojam app. The same communities can be supported with $JAM, which can also be exchanged for goods, services, and Non-Fungible Tokens (NFTs). Community governance, by encouraging creator contributions to provide the best user experience and bringing new features and ideas to life in a motivating and engaging way, $JAM enables the community to participate and assist in the development of the platform. Proposal pools, To bring their craziest ideas and desires to life, fans and creators can submit, vote, and stake. Through proposal pools, our community establishes direct contact with creators while demonstrating financial support with staked $JAM. Creator access pools (CAP), The designer comes up with special chances that entice people to stake $JAM. To gain direct access to a creator, their experiences, tickets, products, NFTs, content, and more, a user can wager $JAM on the creator's CAP. Participation in the activity rewards both the creator and the user. NFTs and the Metaverse, NFTs created on $JAM are linked to the creator's profile, and they can be exhibited and used in our metaverse, giving them a social nature that increases their worth. Present and future prices of The Geojam Token network (JAM) Over the past few months, the global markets have been facing strong investor risk-off sentiment in the wake of the geopolitical tensions, Covid-19 lockdowns in China and supply chain issues. The cryptocurrency market has followed the trends of the greater market during these times, therefore the price of most cryptocurrencies have been falling, JAM does fall under this category. According to some analysts, the future price of The Geojam Token network (JAM) could reach up to $0.02 by 2025 and could see a price of more than $0.13 by 2030. However, it is important to remember that this future price prediction is based solely on data and does not take into account factors such as investor sentiment and the ever changing market conditions, both of which make it difficult to make accurate future price predictions. JAM Price Chart Sources: finance.yahoo.com, coinmarketcap.com, geojam.com, swapspace.co

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