Backed by iconic names like Mariah Carey, Nyjah Huston, and Machine Gun Kelly, Geojam is not just another social platform—it's an AI-powered ecosystem where users can truly connect, share, and earn together. At the heart of this dynamic network is the Geojam Token (JAM), designed to create genuine value from user engagement and social interactions. Whether it's joining interactive challenges, earning unique rewards, or participating in exclusive experiences, JAM tokens transform how content creators and fans engage in the digital age. Dive in to discover how Geojam is revolutionizing the social media landscape and why JAM tokens might just be the currency of the future.
What is Geojam?
Geojam is an innovative social engagement platform that leverages artificial intelligence to foster genuine connections between users, creators, and communities. The platform is designed to eliminate the stress and anxiety often associated with traditional social media by providing a space where users can be their most authentic selves. Geojam uses proprietary AI to present users with personalized prompts that encourage self-expression and community engagement.
The Vision
The vision at Geojam is simple yet profound: to create a space where users can genuinely connect with friends, creators, and communities they love. By using AI-driven prompts, Geojam encourages users to share their true selves and engage in meaningful interactions. The platform offers two types of prompts:
- For You: Tailor-made prompts designed to ignite self-discovery and creation in the real world.
- For Us: Prompts that unite people around shared experiences, fostering a sense of community.
The Role of the JAM Token
The JAM token is the cornerstone of the Geojam ecosystem, placing value on engagement, content, and social information. It serves multiple purposes within the platform, making it a versatile and valuable asset for users.
Utility and Purpose
The Geojam Token (JAM) is a utility token that powers the Geojam social engagement platform. It supports a 'fan economy' where both artists and their fans are rewarded for engaging with each other. The token is used to incentivize fan engagement on the platform, with fans earning JAM tokens for participating in artists' polls, competitions, and proposals. These tokens can then be redeemed in the Geojam shop, where users can purchase bespoke fan experiences and merchandise.
Solving the 90-9-1 Problem
Geojam addresses the 90-9-1 problem prevalent in traditional social media platforms, where 90% of users are lurkers who never contribute, 9% contribute a little, and 1% account for almost all the action. By rewarding users with JAM tokens for their contributions, Geojam encourages more active participation and engagement, creating a more vibrant and interactive community.
Tokenomics and Distribution Model
Understanding the tokenomics and distribution model of the JAM token is crucial for potential investors and users. The total supply of JAM tokens is 8,000,000,000, with various allocations for different purposes.
Token Distribution
The token distribution model for Geojam Token is as follows:
- Community Rewards: 40% (3,200,000,000 JAM)
- Token Sale: 20% (1,600,000,000 JAM)
- Team: 12% (960,000,000 JAM)
- Advisors: 10% (800,000,000 JAM)
- Marketing: 18% (1,440,000,000 JAM)
Vesting Periods and Lock-Ups
The token sale includes private and seed sales, as well as IDOs. The private sale ended in the past with a sale price of $0.0035 and a ROI of 0.634x (36.58%). The seed sale also ended in the past with a sale price of $0.002 and a ROI of 1.11x (11.00%). The IDO ended on Jan 31, 2022, with a sale price of $0.005 and a ROI of 0.444x (55.60%).
Regarding vesting periods, lock-ups, or release schedules, a total of 2.40% (192,000,000 JAM) of the total supply will be unlocked on October 9, 2024. This unlock represents the team's tokens, with 9.60% already unlocked and 2.40% remaining locked.
Unique Features and Benefits
The Geojam Token (JAM) offers several unique features and benefits that set it apart from other tokens in the market.
Content Monetization
JAM serves as a means for creators to monetize their content. Audiences can reward creators directly with JAM tokens for their music, live performances, or any other engaging content shared on the platform.
Fan Engagement
Audiences, often referred to as "jammers," can use JAM tokens to participate in various community activities. These activities may include voting in music competitions, participating in challenges, and accessing exclusive content. The more tokens an audience member holds, the more they can engage with their favorite creators.
Voting Power
The JAM token gives users voting power in community-driven decisions. This can range from influencing platform changes, contest outcomes, or even the discovery of new talent. Users holding more tokens have a more significant say in the platform's direction.
Utility in the Music Industry
Beyond the Geojam platform, JAM can be used within the broader music industry. It can potentially serve as a currency for purchasing concert tickets, merchandise, or even supporting artists outside of the platform, making it a versatile token for music enthusiasts.
DeFi Opportunities
Holding and staking JAM tokens can provide decentralized finance (DeFi) opportunities, such as yield farming, liquidity provision, or other financial instruments within the DeFi space.
Market Data
Understanding the current market data for the JAM token is essential for potential investors and users.
Coin Statistics
- Current Price: $0.0037
- Market Cap: $2,634,591.52
- 24h Price Change: 66.57%
- 7d Price Change: 135.50%
- 30d Price Change: 233.21%
- 24h High: $0.0039
- 24h Low: $0.0021
- All-Time High: $0.0595 (2022-03-31T22:33:00.000Z)
- All-Time Low: $0.0003 (2023-09-27T10:34:00.000Z)
- Circulating Supply: 702,742,572.00
- Total Supply: 8,000,000,000.00
The Team Behind Geojam
The success of any project largely depends on the team behind it. Geojam is led by a team of experienced professionals in the music, technology, and blockchain industries.
Core Team Members
- Sarah Figueroa - CEO and Co-Founder: Sarah is a music industry veteran with a background in marketing and business development. She has worked with major
