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$JOY
Our mainnet asset.
This is the native asset of the Joystream mainnet blockchain.
$JOY
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.
Unit | $JOY | Hapi |
|---|---|---|
Hapi | 0.0000000001 | 1 |
$JOY | 1 | 10,000,000,000 |
$JOY has 10 decimals for display and input purposes in UIs.
There are two sources of inflation, staking rewards for validators and nominators, and the council minting new tokens out of it's Budget, however both are dynamic and constrained.
Purpose | Genesis % | Genesis Liquidity | Vesting Duration |
|---|---|---|---|
Community Founding Members | 21.2189609% | 8% | 24 months |
Jsgenesis Founding Members | 31.435% | 8% | 24 months |
Investors | 32.3285352% | 79% | 12 months |
Membership Airdrop | 0.21735% | 8% | 24 months |
Strategic Partners | 3.0013001% | 100% | 0 months |
Reserved 1 | 11.7988418% | 0 | 12 months |
Reserved 2 | 0.000012% | 8 | 24 months |
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.
Last modified 8d ago