JOY is a decentralized content sharing social platform built upon the blockchain token economy. The platform comes with in-built incentives that promote all forms of content, including but not limited to viral memes, interesting segments, games, food, funny pictures and short videos. Through interactions with the many social functions of the platform, users are rewarded for community building; generating greater value for other users and acquiring incentives in the process.
By interacting with the community through the release of interesting content or participation in content voting, users can acquire JOY tokens. With an extremely low barrier-to-entry, users of all levels can participate, making blockchain technology within the reach of the masses.
JOY Points reward their users with a greater ability to correspond with each other, an increased voting weight, and rewards for locking their position. The greater this locked position, the greater privileges and benefits users will be able to enjoy.
JOY points also serve a purpose as an economic tool within the platform and will be strongly circulated to all aspects of the system, including but not limited to voting, creating (Buy) topics, promotions, nickname/avatar reset, profile highlights, and VIP benefits.
On top of utility, a good token economy flourishes in the presence of sound deflationary policies. JOY plans to sporadically destroy recycled tokens to ensure strong deflation (tentatively not less than 50%).
2. Token Overview
Total Supply: 100,000,000,000 JOY
Total in Circulation: 10,000,000,000 JOY
Release Date: 2018-09-09
3. Useful Links
Official Website: youliao.ren