Testnet Incentives

In order to more closely simulate the economy of our mainnet, participants on testnets can now earn Joystream Testnet Tokens (tJOYs) backed by fiat currency.

Token in numbers

Value backing dynamics

There are two dynamics that impact the amount of value backing the tokens at any given time.

All else being equal, as these two rewards are added to the pool, the redemption price of the tokens increases.

Replenishment

At some regular interval, which may itself be updated over time, some quantity of USD value is added to the pool of value.

Last replenishment: $250 added on May 25th

Current replenishment values

$250
/
7

days

KPI Rewards

At any given time, there is a set of key performance indicators (KPI) which define success metrics for the overall system, and how much value is added to the reward pool. The actual success of the system is judged by Jsgenesis representatives at designated times.

The set of KPIs, and the terms associated with them, will change over time.

Current set of KPIs

01.1

01.1

$50

Block Production

$50

In order to have a reliable network, a KPI focusing on block production and validator stability is required. Timestamp of each block can be found using the block explorer (divided by 1000).

01.2

01.2

$90

Proposal Clearance

$90

For the governance process to work, all proposals must be dealt with professionally, and in reasonable time frame to avoiding blocking new proposals coming in.

01.3

01.3

$120

Content Creation

$120

To improve the current state of available videos, we will incentivize the uploading of high quality content to the platform.

01.4

01.4

$100

State of the Network Reporting

$100

There needs to be some level of accountability and transparency for the Council. Weekly reports would help the users make informed votes.

Pending exchanges

To initiate an exchange, set your memo to an XMR address of your choice and make a transfer to Jsgenesis burner address: 5D5PhZQNJzcJXVBxwJxZcsutjKPqUPydrvpu6HeiBfMaeKQu


Tokens sent to Jsgenesis in this exchange are burned, hence the final price of the token is unaffected by such an exchange.

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