$J Token Mechanics
$J will be the native token that ties together the Jambo ecosystem. We anticipate mechanisms to create sustainable token economics:
Questing: Jambo users can receive $J and various token rewards by actively participating in various activities/campaigns available in the Jambo ecosystem.
Staking pools will be opened later on where $J holders can earn perks and gain gated access to the Jambo ecosystem including: (1) Access to exclusive opportunities and quests (2) Discounts to physical products (3) Exclusive access to partner token or NFT sales, similar to popular launchpads (4) Airdrops from Jambo Ecosystem partners in their respective native tokens for participating in cross-marketing activities, allocated to anti-sybil verified Jambo users. These tokens range from memecoins to infrastructure projects (5) Automatic entry for phone and other product giveaways.
Discounts: In the future, Jambo will implement discounts to physical products and fees for payments if the users pay with the platform currency $J token.
Referrals: To encourage user engagement, Jambo will reward referral activity for both the referrer and the new user in the form of $J. Jambo will also reward users who show loyalty to the ecosystem through consistent interactions with the JamboApp and JamboPhone, exploration of new features and experimentation with our Ecosystem Partners which will fuel targeted growth of the Jambo ecosystem.
Notes:
The native cryptographically-secure fungible protocol token of Jambo (ticker symbol $J) is a transferable representation of attributed utility functions specified in the protocol/code of Jambo, and which is designed to be used solely as an interoperable utility token thereon.
$J is a functional multi-utility token which will be used as the medium of exchange between participants on Jambo in a decentralized manner. The goal of introducing $J is to provide a convenient and secure mode of payment and settlement between participants who interact within the ecosystem on Jambo without any intermediaries such as centralized third party entity/institution/credit.
It is not, and not intended to be, a medium of exchange accepted by the public (or a section of the public) as payment for goods or services or for the discharge of a debt; nor is it designed or intended to be used by any person as payment for any goods or services whatsoever that are not exclusively provided by the issuer. $J does not in any way represent any shareholding, ownership, participation, right, title, or interest in the Company, the Distributor, their respective affiliates, or any other company, enterprise or undertaking, nor will $J entitle token holders to any promise of fees, dividends, revenue, profits or investment returns, and are not intended to constitute securities in the British Virgin Islands, Singapore or any relevant jurisdiction. $J may only be utilized on Jambo, and ownership of the same carries no rights, express or implied, other than the right to use $J as a means to enable usage of and interaction within Jambo. The secondary market pricing of $J is not dependent on the effort of the Jambo team, and there is no token functionality or scheme designed to control or manipulate such secondary pricing.
For the avoidance of doubt, neither the Company nor the Distributor deals in, or is in the business of buying or selling any virtual asset or digital payment token (including $J). Any sale or distribution of tokens would be performed during a restricted initial period solely for the purpose of obtaining project development funds, raising market/brand awareness, as well as community building and social engagement; this is not conducted with any element of repetitiveness or regularity which would constitute a business.
Further, $J provides the economic incentives which will be distributed to encourage users to exert efforts towards contribution and participation in the ecosystem on Jambo, thereby creating a mutually beneficial system where every participant is fairly compensated for its efforts. $J is an integral and indispensable part of Jambo, because without $J, there would be no incentive for users to expend resources to participate in activities or provide services for the benefit of the ecosystem. Given that additional $J will be awarded to a user based only on its actual usage, activity and efforts made on Jambo and/or proportionate to the frequency and volume of transactions, users of Jambo and/or holders of $J which did not actively participate will not receive any $J incentives.
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