Token value

Earning and spending JamCoins

How will the value of JamCoin grow?

Decreasing supply

  • JamCoins will be always limited to 900 000 000 tokens

  • Musicians who have established a good reputation on OpenJam could receive an extra bonus each time they are tipped or when they win a contest. The higher your reputation, the higher the bonus offered could be

  • JamCoins will be used by music lovers and musicians to purchase a monthly premium subscription

  • Musicians will have to exchange JamCoins for promotion, exclusive IoT musical instruments, WebVST and services. Music lovers will be able to tip the artists they enjoy with JamCoins

  • Over time, there should be many users and services available in the OpenJam environment, so there should be many transactions

  • OpenJam takes part in the transactions and can thus participate in the stimulation of the market from the point of view of the offer

Increasing demand

  • OpenJam will charge music stores and advertisers in fiat currencies in order to acquire JamCoins from the market. Thereafter, music lovers and musicians who do not have a premium subscription will be paid with these JamCoins for each advertisement seen. This will fuel the steady demand for JamCoins

  • The growing number of music lovers, musicians and people interconnected will drive the value of JamCoin as the primary settlement measure of our success

  • OpenJam users will not only be music lovers or musicians. There will also be music teachers, graphic designers, sound engineers, videographers, music stores and advertisers... All these entities that provide services to musicians will increase the demand for JamCoins, which should see its price increase over time

  • OpenJam takes part in the transactions and can thus participate in the stimulation of the market from the point of view of the demand

Through its technical partnership, the OpenJam team will do everything possible to list the token on an exchange platform (for example as NCC).

In summary, we will pay particular attention to creating growth and volume around our token. However, reserve should be exercised in the first months after the ICO. The project needs at least a short year to prove itself and be able to offer first satisfying results for investors.