The JOY token
$JOY, being Joystream’s native token, is used to govern and keep the network secured. It’s used as a currency in all dApps built on Joystream.
Where can you store JOY?
You can keep your JOY tokens on a number of wallets that you can install as a browser extension.
How can you get started with JOY?
Create a free membership using one of the apps already built on the Joystream ecosystem is the easiest way to get a small number of JOY tokens to get you started.
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Where can you buy and sell JOY?
If you have an appetite for more JOY tokens, check one of the exchanges listed below to buy more, or gain profit from the tokens you already have.
How can you earn JOY?
There are many options to earn the JOY token. A wide variety of rewardable activities makes it easy for anyone to find a task they can enjoy. After all, it's the token's name.
As a creator
Partake in DAO council rewards scheme or get compensation for YT sync programme.Learn more
Sell your videos as NFTs
Mint and sell NFTs on any of the available Apps via fixed price sale, timed or open auctions.Learn more
Set up your creator token
Mint your very own tokens and sell them to your audience or put them on the market (coming soon).Learn more
As a DAO participant
Become a Gateway Operator
Run your own instance of Atlas and get rewarded for new channels and content attribution.Learn more
Join a Working Group
Earn stable income for doing part time work for the DAO.Learn more
Validate and Stake
Stake your tokens on one of the trusted validators or become one yourself.Learn more
What can you do with the JOY token?
Holding on to your JOY tokens opens up a world of exciting opportunities for engaging with the Joystream community.
Be part of a Working Group
Staking some of JOY tokens opens up possibility to earn more by doing work for the DAO.
Invest in creators
Purchase creator tokens and partake in revenue share schemes or resell on the market (coming soon).
JOY tokens are required to cover transaction fees of adding records to the blockchain.
Delegate your tokens to the trusted validators and earn passive income on your JOY tokens while providing stability to the project.
Participate in elections
Impact project governance by staking your tokens for council candidates during elections.
Interact with others
Interactions are recoded on the blockchain and creator's reputation follows them to every app built on it.
Engage in proposals
Create proposals for council to vote on and impact the future of the project directly.
How is the JOY supply changing?
As with all other tokens, some events can increase (mint) and decrease (burn) the number of JOY tokens in the pool.
JOY tokens are minted when...
Validators are rewarded for their work
Validators are rewarded for running nodes with the newly minted tokens.
Councilors, workers and leads are paid out
Council elects, work groups leads and workers get paid regular salary defined by council.
Creators are being rewarded for publishing high quality content
Council rewards scheme is in operation, rewarding best performing channels on a regular basis.
Joystream-based applications are being recognized and rewarded
Gateway attribution rewards scheme incentives put in place for the App operators to grow the engagement.
Financing spending proposals and bounties
Financing proposals to remunerate misc parts of the platform operations also result in new tokens minted.
JOY tokens are burned when...
A creator token is sold
Platform fees apply and get burned from each sale transaction with creator tokens.
An NFT is sold
Platform fees apply to each NFT transaction.
Application fee is charged
Running your own Application comes with the fee paid to the DAO that gets burned, increasing token value
New content is published
Transaction fees taken on channels, content creation and interaction gets fully burned.