We’ve already touched upon the differences between the security and utility tokens with our Reddit post. Joycoin is a utility token and uses Ethereum technologies in order to provide secure and fast transactions. We’ve collected all the information about The Joy token in one post for your convenience.
There are plenty of ways to utilize your Joycoins — tokens used on The Joy platform. We are going to explain how Joycoin can be used and provide essential information about it.
Wallet integration. An Ethereum wallet can be linked to a personal account on the platform, which makes purchasing tokens faster and using The Joy more convenient. Users of The Joy earn additional Joycoins by participating in bonus, bounty and referral programs — more on them later.
Payment for services. You can use your Joycoins to pay for treatments, purchase goods or get discounts. This will help to save money as there will be discounts for people using tokens rather than fiat money. Payment with Joycoins is reliable as each transaction is stored in the blockchain.
Discount system. The more tokens you hold in your account the higher discount you get on bookings or orders through The Joy. The discount starts at 5% and goes up to 99,9%. More details about the discount program in our WhitePaper on page 35.
Referral program. Users who refer friends receive a commission in Joycoins from orders referred users make or from the processed orders if the referred friend is a salon owner or a freelance practitioner.
Bounty program. The Joy rewards users who help spread the love for platform User receive Joycoins by leaving reviews after completion of treatment or by posting a photo on social media and tagging The Joy. The Joy automatically sends bonus tokens to the accounts of both the user and the practitioner. Moderators check the posts to ensure compliance. The more followers and friends users have on their social media accounts the larger amount of bounty they would receive.
Raffle games. Active users participate automatically in monthly raffles with the chance to win great prices including Joycoins. Prize size depends on the user amount and activity on the platform. As the platform grows the raffle prize becomes larger.
Joycoins: what else you should know
Our ICO starts on the 20th of January. The token price is $0,015 and total emission is 2.400.000.000 tokens. Users can buy Joycoins with fiat currencies (dollars or euros) as well as cryptocurrencies (ETH, BTC, LTC, XRP). We’ve already reached our softcap of $2,100,000 with the goal to collect $17.4 million (hardcap) during the ICO.
The tokens are distributed as follows:
54,5% — Token Sale
10% — Seed Round
20% — Bonus payment fund
7% — Advisors (75% will be unlocked in 12 months after the end of the ICO)
5,275% — Team (75% will be unlocked in 12 months after the end of the ICO)
3,225% — Referral program
The Joy Website: https://thejoy.io/
The Joy Android Beta App: http://bit.ly/TheJoyBeta
The Joy Web-Version Beta: http://www.thejoy.com
