Following are key questions and answers from some of our recent AMAs:
Q: Can you please introduce yourselves and your background?
Sam is the COO and Sarah the CEO of Geojam. (See our most recent post for more details.) Sam and Sarah met when Sarah was running a music sponsorship agency for Fortune 500 Brands and Sam was producing major music festivals. Together, they saw that there was a huge gap in the market between fans, brands and artists.
Launched in 2020, Geojam is a social engagement platform that has already generated meaningful, passion-fueled fan engagement with celebrities and backers such as Mariah Carey, Machine Gun Kelly, and Nyjah Huston. In one year, Geojam has garnered tens of thousands of users across iOS devices and has served as a bridge for fans to engage directly with artists, athletes, and influencers in the world of music.
With our native token, $JAM, our vision is to build the creator economy of the future that redirects the flow of incentives back into the hands of the creators and fans themselves.
Q: Can you introduce GEOJAM, what critical problems it solves that existing solutions are not solving, and what’s the competitive advantage?
Over the past 20 years, digital advertising drove online monetization strategies creating multi-trillion dollar social media empires at the expense of their users. Influencers began to emerge as rock stars. Now we are experiencing a massive shift in the exchange of value between content creators and the platforms that profit from them: creators are gaining authority over user bases to drive engagement while networks are failing to compensate appropriately. Users are immune to digital advertising but are increasingly loyal to the creators.
Geojam solves this problem through $JAM, our cryptocurrency, which unlocks incentives to all stakeholders involved in the creator economy.
In its current iteration, Geojam is the ultimate social media platform for music. Users simply connect their existing Spotify or Apple Music account to sign in and begin earning Jam Points for engaging on the platform which can be redeemed in the Jam Shop for highly-coveted platform-exclusive merchandise and once-in-a-lifetime experiences like one of our celebrity partners taking a fan on a private jet to their hometown, playing video games with fans, designing apparel together, one-of-a-kind memorabilia, and more.
The next evolution of Geojam lies in increasing the opportunity for artists and fans alike by capturing and storing the latent value in the current exchange of experiences.
But it won’t just be with music…. The $JAM token will actively expand Geojam to every industry that harnesses influence, including sports, art, cryptocurrency, gaming, fashion, film, and television.
With the inception of our cryptocurrency, $JAM, we combine the technological advancements of decentralized finance with real-world experiences while interweaving the ethos of autonomous cryptocurrency communities and mainstream social networking.
Q: Can you briefly describe the top milestones you have achieved?
We launched to the public in the Apple App Store in October of 2020 and have since garnered tens of thousands of users. You can download the Geojam App in the Apple App Store, currently available in 167 countries around the world. Go to: https://geojamx.com/download
Over the last year of being in the app store, we have built a name for ourselves in the music industry because of the talent we have been able to partner with. We have partnerships with big name-record labels, management companies, and influencers.
We’ve signed on some of the biggest artists in the world. For example, Mariah Carey is our executive advisor. We have 100+ artists/influencers already signed up for the platform.
We have partnered with 50 college fraternities around the United States and are currently on a Geojam College Tour, which is driving thousands of downloads.
We had a whole feature in The New York Times about our pivot during the pandemic. https://www.nytimes.com/2020/11/06/your-money/entrepreneur-pandemic.html
Most recently, this past September, we released our whitepaper and are 3x oversubscribed on our $5.9 Million pre-sale.
Q: $JAM incorporates technological advances, decentralized finance with real world experience. Still a project needs to deal with solving real world problems, so what are the real world issues that your project focuses on?
We are experiencing a massive shift in the exchange of value between content creators and the platforms that profit from them. Geojam solves this problem through $JAM, our cryptocurrency, which unlocks incentives to all stakeholders involved in the creator economy.
Also, you’ll be able to experience some of your greatest moments with your favorite influencers and artists with $JAM.
Q: Non-crypto users are very important for mainstream adoption. How are you planning to attract non-crypto users towards your project?
A huge part of what we are doing at Geojam is bringing the utility of cryptocurrency and blockchain to the mainstream with decentralized social networking.
We have tens of thousands of users who we have been educating for the last year on digital currency and Jam points. In fact, when $JAM launches, all of our users will instantly have wallets!
Our focus is to bridge the gap between crypto communities and non-crypto users. We have already signed on and will continue to sign on major talent to launch experiences and creator access pools. We will have something for everyone. We are on a college tour across the country which is targeting the masses. We have some big announcements with major talent coming up. Stay tuned!
Q: Are you planning to promote your project in countries / regions where English is not the native language? Do you have local communities for them to better understand your project?
Our app is available for download in 167 countries around the world. We are building local community ambassadors around the world in non-English speaking countries.
Q: Many new projects make a good impression at first but are suddenly abandoned. How will you manage the project and the token to get a position in the market and become the best token in the crypto world?
We have an amazing team of entrepreneurs who have all already had our own successful projects. We truly believe that $JAM is going to be the currency of the future for the creator economy and are honored to be part of the building process to create something so game changing for what is currently a $100B+ industry and growing every day.
Q: Why did you choose Constellation’s Hypergraph as your blockchain partner?
We researched several blockchain companies before Constelllation was recommended to us. Once we learned more about the capabilities of the Hypergraph and met the team, it was a done deal. Constellation’s Hypergraph gives us the speed and scalability we need for our consumer app. The zero-fee token protocol also helped seal the deal. We can’t have our users dealing with transaction fees and network clogs while using the app to share music and interact with their $JAM tokens.
Q: What does your roadmap look like? When will the $JAM token be integrated into the app? What about Android users?
Check out our roadmap in our Whitepaper. We‘re targeting Q2 2022 to launch Geojam 2.0 for iOS and Android with the $JAM token integrated.
Q: When will the $JAM token be launched, where will it be released and how can I buy it?
We’re launching the token in the coming weeks on Lattice Launchpad in partnership with Constellation Labs and Lattice Exchange. We’ll release details soon on how to secure token allocations at the initial public sale price through the Lattice Launchpad. Stay tuned to our socials and join our Telegram group for regular updates: https://t.me/geojamofficial