Introducing JOIN

JOIN is the native token of the Joint Protocol.

The Joint Protocol is a peer-to-peer exchange protocol designed to allow users to organize themselves and exchange tokens and NFTs directly with each other without reliance on a centralized authority. Joint is a self-on-ramp protocol powered by smart contracts.

With Joint, users can swap tokens with each other directly from their wallets. They can provide liquidity and have full control over price and swap limits. Users can create markets for any pair and fully control the market's life. Users can perform interactive swaps to exchange on-chain assets for off-chain assets like fiat, gift cards, and real-world assets.

The protocol is non-custodial and non-upgradable. Anyone can use it or build on top of it. As an open protocol, the codebase is open to all.

This technology is mandatory to foster an ecosystem where people can enter and exit a chain without the fear of censorship just like Satoshi envisioned.

Our mission is to deploy a peer-to-peer protocol on as many L1 and L2 chains as possible, allowing users to onboard and offboard themselves without going through an exchange or a custodian service. Every chain should have a P2P protocol, just like AMM protocols.

To achieve the mission, Joint must be community-governed. The JOIN token is essential to making Joint a community-owned and immutable infrastructure.

This post comprehensively explains JOIN, including its tokenomics, utility, and distribution mechanisms.

Supply

There will be 10 billion JOIN tokens.

The token allocation is as follows:

• 40% to Joint Community, which includes distribution to testnet & Trialnet users, Droid NFT holders & ecosystem.
• 25% to Strategic Partners, with a 3-year vesting period, which includes future investors and advisors.
• 22% to Core Contributors with a 1-year lock up and 3-year vesting period, which includes current and future team members.
• 10% to Community Investors, with 25% released at TGE and a 9-month vesting period. This includes IDO participants.
• 3% for Liquidity Management.

Community Allocation — 4,000,000,000 JOIN

The community allocation is intended to reward users who used the Joint protocol, built applications based on it, and used decentralized exchange protocols in the last six months.

This allocation is broken down into the following:

• DroidPD NFT Holders: 1% of JOIN supply can be claimed by owning a DroidPD NFT. The amount to be claimed will equal the Energon level of the Droid.
  Release Schedule: 50% at TGE, 9-month daily vesting.
• Testnet & Trialnet Users: 3% of JOIN supply can be claimed by users who tested the Joint protocol through participation in our testnet and the Trialnet events (TapWar, social and protocol interactions).
  Release Schedule: 50% at TGE, 9-month daily vesting.
• Ecosystem & Treasury: 36% of the JOIN supply will be reserved for ecosystem development and grant programs. JOIN holders will manage the treasury allocation.

Strategic Partners — 2,500,000,000 JOIN

Strategic Partners include investors and advisors. This allocation is subject to a 1-year lock up and a 3-year vesting period.

Core Contributors— 2,200,000,000 JOIN

Core Contributors are current and future employees of Joint Labs. Core Contributors allocation is subject to a 1-year lock up and a 3-year vesting period.

Community Investors — 1,000,000,000 JOIN

Community Investors include IDO participants. 25% at TGE, 9-month daily vesting.

JOIN holders will be responsible for setting protocol fees and other parameters.

Joint deployments on many chains will be governable through voting. The Joint community will use cross-chain governance contracts designed to allow the community to decide on protocol changes across Joint deployments.

Joint Protocol can charge a fee per completed swap operation. The community can decide on the fee percentage and transfer the accrued fee to the treasury and staking pool.

The treasury and staking pool will be under the control of token holders. A portion of the accrued fee can be transferred to the treasury while the rest is sent to the staking contract reserved for staked token holders.

JOIN voting provides holders with control over Joint, allowing them to participate in the protocol's governance regardless of the chain on which they hold JOIN.

Utilities

• Medium of Exchange: JOIN is the medium of exchange for services across the Joint protocol and ecosystem. It will be used to pay and receive trading fees on Joint markets.
• Governance: JOIN tokens will be used for governance. Token holders can vote on significant changes to the protocol.
• Security: The JOIN token will be used as a security bond for new dispute mediators. Before they can participate in dispute resolution, mediators must purchase tickets that hold bonds denominated in JOIN.
• Staking & Incentives: Joint miners stake JOIN as a security bond to be eligible to complete protocol tasks. Miners are rewarded with JOIN when to complete a task successfully.

The distribution process of JOIN tokens is designed to be fair and rewarding for users who support and prioritize financial freedom for all through the development, testing, or usage of decentralized exchange protocols.

Thank you to everyone who has supported Joint so far.