Investing In Geojam (JAM) – Everything You Need to Know
Securities.io is committed to rigorous editorial standards. We may receive compensation when you click on links to products we review. Please view our affiliate disclosure. Trading involves risk which may result in the loss of capital.
Table Of Contents
Geojam (JAM) is a next-gen social media network that leverages blockchain technology to improve ROI opportunities for users and creators. The network seeks to revolutionize the social media sector by connecting artists, creators, and fans in new ways. The system introduces a host of DeFi features which enables creators and users to capture value from unique moments.
Geojam has over +10K iOS users and the developers have gone to great extents recruiting influencers. The network has already secured a variety of reputable talent including national recording artists Machine Gun Kelly, 24kGoldn, Mariah Carey, and many more. Here are some helpful insights into the Geojam and how the network seeks to bridge the gap between decentralized and centralized users.
What Problems Does Geojam Attempt to Fix?
Geojam focuses on many issues facing the creator economy. This sector continues to see growing competitiveness between creators which has resulted in influencers having to provide more for less. Geojam seeks to provide the +50 million renowned influencers with more ways to earn. As part of this strategy, the network introduces proprietary blockchain assets to connect brands and their communities.
Lack Luster Engagements
Geojam helps to solve the growing disconnect between followers and content creators. Part of this strategy is to improve engagement between celebrities, fans, and like-minded individuals. The platform introduces a gamified social media approach, enabling anyone to earn using advanced features like polls, proposals, and competitions.
Advertisement-based Business Model
GeoJam eliminates the need for an advertising-based business model. Currently, social media users are driven by marketing campaigns. As such, there are more commercials and ads than ever and the average user's data is sold. Geojam developers flip this model upside down. They eliminate the need for third-party advertisers by sharing rewards between content creators and users.
Benefits of Geojam
Geojam's specialized approach to social media incentivization enables it to act as a bridge between crypto users and non-crypto users. The network's options were designed to connect fans, creators, artists, and social influencers leveraging Web3 technologies. In this way, users and creators can share experiences and earn rewards that can be traded for other cryptocurrencies and prizes.
New Revenue Streams
Geojam combines low-risk DeFi features with social media options. Users can stake their tokens and secure rewards. Creators can earn rewards off these staking pools as well. Specifically, they receive a percentage of staked JAM tokens. Geojam offers a wide variety of ways for these groups to interact including polls, proposals, and competitions.
Geojam makes it possible for users and influencers to enjoy once-in-lifetime experiences funded by the community. The platform envisions opportunities including flying on a private jet, creating custom clothing, gaming, and even getting your image on a billboard alongside the artist.
How Does Geojam Work?
Geojam operates on the Ethereum 2.0 blockchain. This advanced network provides high scalability and enables the platform to support the latest web3 social media network. The system leverages blockchain's immutable nature and trackability to record engagement metrics around experiences. This strategy enables the platform to introduce intent-driven marketing into the business model.
The community can create and earn together which helps to keep it engaged as time progresses. Fans can create crowds to help drive content creators' notoriety and revenue. They also earn through the platform's gamification and by sharing their real-life experiences.
Geojam users earn JAM for their interactions with others. JAM can then be used in a variety of ways to secure further rewards. JAM can be traded for exclusive merchandise including some of the once-in-a-lifetime offers where you can spend personal time with world famous artists. Here are some of the other cool features of Geojam.
The Jam Portal enables anyone to become a content operator. Here you gain access to the JAM staking pools and other features that have the potential to one day help fuel the +100B creator economy of the future. Users can also access the community governance portal from this window.
Users may redeem their JAM tokens at the Jam Shop. The shop has a selection of items ranging from custom hoodies, to meeting the influencer in person. For example, you can enjoy a private flight experience with national recording artist, Mariah Carey. Best of all, a portion of the proceeds goes to The Fresh Air Fund and Make-A-Wish Foundation.
You will also find a lot of collectible NFT artwork. These tokens can be traded, staked, or stored. NFT collectibles are a popular way for artists to connect with fans. These unique digital collectibles can easily be verified for their authenticity and scarcity using any Etherscan explorer.
Users can place their proposals in the proposal pool which puts it up for a community vote which helps the project remain community led. Notably, Geojam users are incentivized to participate in the Proposal Pool in a variety of different ways. They can gain access to exclusive communities, merchandise, and much more.
Creator Access Pools – CAPs
CAPs enable users to experience special moments with creators. They can mint these moments and capture the excitement and nostalgia forever on the blockchain via NFTs. These pools serve the additional role of helping to fund creator projects.
Token – JAM
JAM is the main utility token of the Geojam network. This flexible digital asset is an ERC-20-compatible token that enjoys high flexibility within the market. Users need to hold JAM to participate in any of the DeFi features or voting systems. JAM is also the primary reward token and can be earned through participation.
Geojam has made community governance a centerpiece of its strategy. The network enables anyone to put forth proposals and vote on changes to the overall protocol. This style of Community governance is now standard in DeFi networks and for good reason. It's more efficient at keeping a project together over time.
Geojam launched in 2020. The network was founded by experienced social media network engineers Sarah Figueroa, Sam Krichevsky, and Justin Rosenbaum. According to company documentation, Geojam's headquarters are located in Los Angeles, California currently.
How to Buy Geojam (JAM)
Currently, Geojam (JAM) is available for purchase on the following exchanges.
Uphold – This is one of the top exchanges for United States & UK residents that offers a wide range of cryptocurrencies. Germany & Netherlands are prohibited.
Binance – Best for USA residents. Non-USA residents cannot purchase Jam.
Discount Code: EE59L0QP. Trade $100 & Earn $10 in 30 days after account registration.
KuCoin – This exchange currently offers cryptocurrency trading of over 300 other popular tokens. It is often the first to offer buying opportunities for new tokens. This exchange currently accepts International & United States residents.
Uphold Disclaimer: Assets available on Uphold are subject to region. All investments and trading are risky and may result in the loss of capital. Cryptoassets are largely unregulated and are therefore not subject to protection.
Geojam (JAM) – Social Media Needs to Integrate Blockchain Assets
Geojam shares the belief that blockchain assets can bring much to the social media sector. The network introduces a way for all participants to secure rewards and improve engagement. As such, Geojam appears to be well-positioned to help drive further blockchain adoption in the coming months. To find ‘Investing in Cryptocurrency guide’ articles, visit the following link and click on the asset of your choosing.
David Hamilton is a full-time journalist and a long-time bitcoinist. He specializes in writing articles on the blockchain. His articles have been published in multiple bitcoin publications including Bitcoinlightning.com
You may like
Investing in Polygon (MATIC) – Everything You Need to Know
Investing In Avalanche (AVAX) – Everything You Need to Know
Investing in Litecoin (LTC) – Everything You Need to Know
Investing In Fantom (FTM) – Everything You Need to Know
Investing In Rarible (RARI) – Everything You Need to Know
Investing In Immutable X (IMX) – Everything You Need to Know