Our mainnet asset.
This is the native asset of the Joystream mainnet blockchain.
The initial total supply is 1,000,000,000 $JOY, however there is no supply cap.
The base unit is called Hapi, equivalent to Satoshis in Bitcoin. There are ten billion (10,000,000,000) Hapi in each $JOY, and hence at genesis there will be 1,000,000,000x10,000,000,000=10^19 Hapi.
$JOY has 10 decimals for display and input purposes in UIs.
The investors acquired $JOY allocations, subject to vesting, across rounds in 2018 and 2021 at implied valuations of $40M and $60M, or equivalently token prices of $0.04 and $0.06 respectively.