From March 31st, we officially list Geojam Token (JAM) on the ONUS application. Soon after JAM is added, users can perform the following features:
- Off-chain transactions: Send and receive JAM with other users in the ONUS network.
- Exchange: Swap from VNDC or USDT to JAM and vice versa.
Launched in 2020, Geojam is a social engagement platform that has already generated meaningful, passion-fueled fan engagement with celebrities such as Mariah Carey, Machine Gun Kelly, and Nyjah Huston. In one year, Geojam has garnered tens of thousands of users across iOS devices and has served as a bridge for fans to engage directly with artists, athletes, and influencers in the world of music. Geojam is the evolution of passive social media engagement (i.e., tweeting, posting, sharing, etc.), encouraging a two-way dialogue and interaction between artists, creators, and their fans with the use of gamification and real-life experiences.
To participate in the platform, users simply connect their existing Spotify or Apple Music account to sign in and begin earning Jam Points. While music streaming platforms give fans direct access to listen to the music for a fraction of the cost of downloads, the limitation is that it does not deliver a sense of community, identity, or a relationship with the music and artist itself. Geojam captures the essence of music by enabling crowds to form around the music while cultivating communities with rich conversations and dynamic collaboration. This results in unprecedented engagement metrics that can be measured with Jam Points. Jam Points are earned through social engagement and participation and can be redeemed in our Jam Shop for highly-coveted platform-exclusive merchandise and once-in-a-lifetime experiences.
What is JAM Token?
JAM is a native token of the Geojam ecosystem, operating on Ethereum according to ERC20 standard, and can be used to:
- Participate in the governance process and vote on the platform’s proposals.
- Users stake JAM into pools on the platform to receive rewards.
- Reward users for providing quality content to the ecosystem.
- Redeem products, merch, NFTs, and exclusive once-in-a-lifetime experiences in the JAM Shop.
- Name: Geojam Token
- Symbol: JAM
- Platform: Ethereum
- Standard: ERC20
- Type: Utility, Governance