KuCoin AMA with Geojam (JAM) — Harnessing The Power of Community for the Next Generation

Dear KuCoin Users,

Time: March 31, 2022, 10:00-11:16 (UTC)

KuCoin hosted an AMA (Ask-Me-Anything) session with the Geojam Founding Team members in the KuCoin Exchange Group.

Geojam is an economy where artists, creators, and fans can generate value by experiencing moments together. JAM is the utility token of the Geojam platform trusted by A-List celebrities such as Mariah Carey, Machine Gun Kelly, and Nyjah Huston. It redefines the existing $100B+ creator economy ranging from social media influencers, celebrities, artists, YouTubers, and athletes, by creating a 360-degree cycle between creators and their fans to earn together like never before.

Official Website: https://geojam.com

Whitepaper: https://geojam.docsend.com/view/d5cnkf7h4jysyfpd/d/ffsbtvuc3u8x3pcp

Follow JAM on Twitter and Telegram.

Guests:

Sarah Figueroa — CEO and Co-Founder of Geojam

Sarah is a serial entrepreneur with 10 years of experience building and designing consumer tech companies centered around social media, entertainment, and the community. She has been recognized in the New York Times for Geojam’s pivot during the pandemic and is a Rolling Stone Culture Council member. Sarah is extremely passionate about community governance and decentralization. As an early adopter of Ethereum, she has been mining crypto since 2016. At Geojam, she leads the team on product, marketing, and token utility.

Sam Krichevsky — COO and Co-Founder of Geojam

Sam’s career spans some of the most dynamic music concepts, including founding TanZ, a full-service live event production company. Before TanZ, he was a founding partner at LaunchHouse, a seed capital investment fund where he served as COO and developed a nationally recognized accelerator program cultivating top entrepreneurial talent through senior-level mentorship, strategic business development resources, and seed funding. He is an active member of the Recording Academy and The Forbes Business Council.

Q: What is the vision/mission behind Geojam and the $JAM Token?

Sarah: As super fans ourselves, we believe in the power of fandom and putting a value on its intangibles. Creating a fully decentralized ecosystem gives fans and creators the perfect win-win economy to create together.

The pandemic really showed us the power of the Geojam platform. Check out our pivot in the New York Times! Fan Experiences are our $JAM!

Check out some highlight moments here!

Sam: We launched in October of 2020 alongside celebrity backers including Mariah Carey, Nyjah Huston, 24kGoldn, and more.

$JAM token allows us to take these moments to the next level and give all creators the opportunity to connect with their fans. We are just getting started and we were just named in Fast Company’s most innovative companies of 2022!

Q: What is the utility of $JAM?

Sarah: JAM’s utility is designed to create an optimal and mutually beneficial ecosystem for creators, communities, and their fans. The first step in doing that is redirecting the flows of incentives away from social media conglomerates and back into the hands of the creators and fans with decentralization. Here's an overview of what $JAMs are all about!

Users are rewarded for posting quality content to the Geojam platform. The Geojam project team is not responsible for determining this but rather the community.

Sam:

1. Content operators democratize content moderation;

2. Creator access pools create micro-economies fueled by JAM;

3. The Jam Shop creates a 360-degree economy for users to redeem JAM for unique products, merchandise, and once-in-a-lifetime experiences.

Q: How do Creator Access Pools work?

Sarah: We love Creator Access Pools!

Creator access pools (CAPs) fuel the Geojam token economy. Each CAP acts as its own micro-economy, with its own set of governance, Jam Shop, and market.

Sam: Creator access pools (CAP) fuel the Geojam token economy. Every creator has Access Badges. Token Holders gain ownership of creator access badges (NFTs) by subscribing to creator access pools to gain VIP access to creator content, etc.) Creator access tokens price is determined by the market.

If someone wants to sell their access token, they put the price that they want to sell it at for it to be automatically bought by another user. The price works like NFT floor prices. Creator access pools become similar to launchpads for creators to sell their access tokens. Creators provide fans with experiences, products, and merchandise. These access tokens allow its holders to submit and vote on proposals within the CAP.

These communities can set the different levels and access token (badges) functionality. Geojam is simply a tool that empowers communities to create and govern. Geojam is not in control of these third-party economies or their rules. Creators and their fans decide how to manage and act within these communities and how they would like to utilize $JAM. These communities could run without the project team, and they can issue/grant proposals in whatever way they want.

What would you guys propose in your favorite artists’ CAP?

Q: How does Geojam governance work?

Sam: The Geojam ecosystem governs itself via the Geojam DAO Decentralized Autonomous Organization (DAO) and is governed by every single JAM token holder. JAM token holders can participate in decentralized governance by creating and voting on proposals. Over time, the Geojam DAO will migrate to the Geojam app.

Our governance guide is an overview of the proposal process - a living document that will evolve and improve with the community’s input.

Governance Structure

We will use snapshot.org, which is well tested and used by most web3 applications, as our governance tool. It provides us a fee-less and simple way to create proposals and vote - $JAM token holders just need to have $JAM in their web3 wallet (e.g., MetaMask) and connect with our governance page to create proposals and vote.

Votes are based on the amount of $JAM in the address which is voting. We are providing a web forum and Telegram group where community members can discuss ideas and proposals, which then can be forwarded to admins for the voting process.

Sarah: Governance is the key for decentralized organizations, NFT Projects, and creators trying to harness the power of the community. However, it is often put on the back burner when seeking utility among these digital assets. But not at Geojam.

We are building the next-generation community governance tool through fun and seamless user experience that empowers members to create, share, and earn together in Geojam 2.0. Every CAP is a self-governed economy of interactions between the creators and their crowd.

Geojam 2.0 governance is a hybrid of traditional governance tools merged with social media!

Q: How does Geojam incorporate staking?

Sarah: Staking with $JAM is unique! Geojam incorporates staking programs on our $JAM portal. Our first staking pool will go live shortly after the KuCoin launch on geojam.com today.

Sam: By staking, Content operators sponsor moderation nodes that validate content on the Geojam app.

Sarah: To help support Geojam’s content ecosystem, $JAM holders can sponsor operator nodes by staking $JAM Tokens to provide content validation nodes to the platform. These nodes receive content created and posted to the Geojam platform to validate information such as the type of content and even if the content is inappropriate and may need to be removed.

Learn more on how Content Operators build toward a decentralized future: https://www.youtube.com/watch?v=nishXbfbKvY

Stay tuned to our announcements for updates on when staking goes live today!

These content operators will earn up to 11% APY for staking $JAM and running a moderator node!

Q: How do you become a Content Operator?

Sarah: That's the best part. It's just as easy as staking from a user experience!

Becoming a content operator and sponsoring a node will yield other rewards such as exclusive access to experiences, products, merch, and NFTs!

In the future, sponsors who want to get more involved will be able to manually manage their node and customize it for their community!

Sam: To learn more, visit https://geojam.com.

Q: Can you tell the community more about the roadmap?

Sam: We are beyond thrilled to be hitting a major milestone today with our TGE, the launch of our JAM Portal, and allowing people to buy experiences with JAM. The next big milestone is Geojam 2.0, which will aim to get the next 100 million people to own digital assets.

Geojam 2.0 is mobile-friendly, allowing for an incredibly simple and easy on-ramp and user experience.

Sarah: And that means going mainstream! Web2 is about me. Web3 is about us! JAM is going to harness the power of community for the next generation. NFTs minted on JAM are associated with the creator’s profile and can be displayed + utilized for our metaverse, making them inherently social, enhancing value.

Q: How can the community get involved?

Sarah: We absolutely love when our community grows and strengthens! There are many avenues for the community to get involved at every level! Here are all of the links:

- Our Official Telegram Channel has been explosive with an awesome growing community; stay up to date on all things JAM and JAM Drops!

- Get involved by joining the Geojam app to experience moments together and earn $JAM!

- Become a content operator and join our decentralized community to propose ideas!

- Check out the JAM Shop.

- Join our Twitter and stay involved on all Geojam fronts!

- Our TikTok has been rolling with awesome content!

- Follow us on Instagram!

- Join our Facebook community!

- Our YouTube has creative & informative content!

- Subscribe to our monthly newsletter!

- Our Medium has informative & exciting articles!

Q: Smart contracts are prone to failure, and many projects fall victim to it, costing user funds and discrediting projects. How reliable and secure are your smart contracts? Did you test it with either party?

Sam: You’re very right. Our Smart Contract has been audited to ensure maximum security.

Q: Do you have any plans to attract non-crypto investors to join your project? Because the success of a project attracts more investors who haven't yet entered the crypto world. What are the plans to raise awareness about your project in the non-crypto space?

Sarah: A huge part of what we are doing at Geojam is bringing the utility of cryptocurrency and blockchain to the mainstream with decentralized social networking. We have tens of thousands of users who we have been educating for the last year on digital currency, Jam points. When $JAM launches, all the users will instantly have wallets. Our focus is to bridge the gap between crypto communities and non-crypto users to do so. We have already signed on and will continue to sign on major A-list talent to launch experiences and creator access pools. We will have something for everyone. We have a huge activation at Coachella Music Festival and every major event in entertainment. Most importantly, user experience is everything. On-ramping token holders will be simple, allowing users to buy $JAM directly in the Geojam 2.0 app.

Q: What are plans for global expansion? Are you focusing on the market at this time or focus on building and developing or getting customers and users or partnerships?

Sam: We have had an app in the Apple App Store for 18 months and are already available in 167 countries around the world. That will grow once version 2.0 comes out with Android and web integration as well as iOS.

Q: When will your tokens be listed on the exchange, and which exchanges do you plan to list on in the future?

Sarah: Today on KuCoin!

Q: Too many projects promise magic but never release any working product or prove any revenue, Within a short/long time of release. Is your project also like this? If not, can you tell us what makes your project different from other projects?

Sarah: Geojam provides creators with a Web3 platform to monetize and engage with their community. We already have the market validation, a product, users, and celebrity backers. Here are some features that really sets $JAM apart.

1. Community governance through our proposal pools.

2. Creator access pools that allow token holders to unlock exclusive and one-of-a-kind experiences, NFTs, content, merch, and more.

3. Content Operators, which democratizes content moderation and rewards the token holders running these nodes.

Geojam Music: the app.

Jam Portal: $JAM web portal will enable token holders to participate in Staking Programs, including phase 1 Proposals, and unlock access to exclusive experiences, products, NFTs, and merchandise.

Content Operators: Launching this month

Geojam 2.0: Coming soon!

Q: Is your project a community only for English-speaking countries or for users not of other languages?

Sam: Our project is for the global community. We will be setting up ambassador programs in native languages and regions across the world.

Q: Too many projects disappear in these tough market conditions. How can you sustain JAM?

Sarah: A value-based ecosystem, with our platform token $JAM, expands Geojam’s impact on creators by rewarding them and the crowds that support them with desirable value exchanges: a result of increased time and attention (trend analysis) will accelerate the adoption of $JAM. Geojam is uniquely positioned in having a functioning ecosystem and rewards-based economy for creators to engage with fans to redeem physical and digital experiences, products, digital goods, and merchandise. $JAM is essential and will be the decentralized utility of Geojam, granting $JAM token holders a direct relationship with one another to connect, engage, and transact in an authentic and fun way that not only increases community value for artists and their fans but changes the value of engagement and gamification.

Q: Where can I get all the latest news about your project? Do you have a Twitter/Telegram/Discord community? If yes, can you share the link here because there are a lot of fake Telegram/Twitter groups?

Sam: We absolutely love when our community grows and strengthens! There are many avenues for the community to get involved at every level! Here are all of the links:

- Our Official Telegram Channel has been explosive with an awesome growing community; stay up to date on all things JAM and JAM Drops!

- Get involved by joining the Geojam app to experience moments together and earn $JAM!

- Become a content operator and join our decentralized community to propose ideas!

- Check out the JAM Shop.

- Join our Twitter and stay involved on all Geojam fronts!

- Our TikTok has been rolling with awesome content!

- Follow us on Instagram!

- Join our Facebook community!

- Our YouTube has creative & informative content!

- Subscribe to our monthly newsletter!

- Our Medium has informative & exciting articles!

KuCoin and JAM have prepared a total of 2,000 USDT to give away to AMA participants.

1. Free-ask section: 75 USDT

2. AMA activity: 1,925 USDT

Activity 1 — Quiz: 1,500 USDT

Activity 2 — Price Guess: 300 USDT

Participation Rewards: 125 USDT

. . .

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