SAN FRANCISCO, CA / ACCESSWIRE / September 16, 2021 / Last week, Constellation Network announced social media music app, Geojam, as its next incubation project. Geojam will be entering the blockchain and cryptocurrency space by integrating its existing business model onto Constellation's Hypergraph Transfer Protocol (HGTP) and creating its own platform token, $JAM, which will later be launched on Constellation powered Lattice Exchange's Launchpad.
At its core, the Geojam platform, a top Apple iOS application backed by Mariah Carey, 24kGoldn, Nyjah Huston, and more was built to generate meaningful, passion-driven fan engagement. Rather than spending money on traditional advertising methods, currently largely controlled by major labels, Geojam places the power back in the hands of artists and creators, allowing them to share fandom with fans by creating a two-way value exchange - the more a fan engages with an artist, the more the fan is incentivized. Currently, user engagement within the app is measured with Jam Points, which can be redeemed in the app for rewards such as highly-coveted merchandise, one-in-a-lifetime experiences, and exclusive digital goods. Working with Constellation, Geojam will merge its existing point system onto the blockchain with the creation of a cryptocurrency token, $JAM. This creates the opportunity for token holders to use $JAM tokens to engage in various opportunities on the platform meanwhile increasing revenue for featured celebrities enabling fans with a deeper level of gamification.
Geojam will also soon be listed on Lattice Exchange's Launchpad, following in the footsteps of the massively successful Alkimi Exchange, which launched on the Launchpad in August 2021 with an oversubscription of 100x of their initial funding goal on the platform, equating to roughly $10 million USD. Similarly, potential backers of Geojam will be able to help fund the project by staking, or locking up, Lattice's native currency, $LTX, in order to receive a financial allocation of the project. When the $JAM token launches, holders of $JAM will also be able to stake their tokens and receive further rewards such as real-world experiences and prizes, along with more $JAM.
"Creating unique and impactful engagement between music artists and fans is what we do best," said Sarah Figueroa, Geojam's co-founder and CEO. "With $JAM, this is taken to a whole new level, as fans can now play a direct role in the trajectory of their favorite artists, while artists can leverage unique monetization and gamification strategies that are only possible with this token-economic model."
"As a consumer application, it is essential for Geojam's customer base to have the resilience, speed, and cost-effectiveness that is characteristic of the Hypergraph," shared Ben Jorgensen, CEO, and Co-Founder of Constellation Network. "We're thrilled to have Geojam join our community and look forward to providing their user base with an unparalleled decentralized currency experience."
About Constellation Network
Constellation Network is a framework that allows everyone to build and conduct a business on the blockchain. Existing blockchain technology does not support the speed, scalability, and economic incentive needed to build applications with robust business logic. Constellation is its own ecosystem, comprising Hypergraph-a feeless network with a reputation-based consensus mechanism, the peer-to-peer Stargazer Wallet, and a decentralized finance platform called Lattice Exchange. Constellation's L_0 state channel token standard is an evolution of smart contracts that defines the rules of any business while tapping into Constellation's Hypergraph, powered by rewards. $DAG is the native cryptocurrency that runs on the Constellation Network.
Website: www.constellationnetwork.io
Twitter: https://twitter.com/Conste11ation
Telegram: https://t.me/constellationcommunity
About Lattice Exchange
Lattice Exchange sits at the crossroads of decentralized finance and trading, connecting all blockchain ecosystems and allowing users to access the value of those ecosystems in one place. Lattice aims to reduce risk and friction for traders while increasing transparency and ROI, and supports seamless cross-chain swaps as well as a multitude of DeFi applications (APY programs and Liquidity pools) by utilizing Constellation's Hypergraph, a near-zero fee and horizontally scalable decentralized network. By utilizing its own governance model, Lattice allows governance token holders to collectively decide on Launchpad listings.
List your Project for Funding: https://docs.google.com/forms/d/e/1FAIpQLSfuarJV4emL-oIWmxOb10YzbmWDGwJb3uDMVQ824SYtUM-JXw/viewform
Sign-Up on the Launchpad: https://platform.lattice.exchange/sign-up
Complete KYC: https://platform.lattice.exchange/kyc
Participate in the Launchpad: https://platform.lattice.exchange/launchpad
Join the Community on Telegram: https://t.me/Lattice_exchange
About Geojam
Launched in 2020, Geojam is a social engagement platform that generates meaningful, passion-fueled fan engagement with celebrities such as Mariah Carey, Machine Gun Kelly, and Nyjah Huston. Geojam is the evolution of social community for the music industry, requiring a two-way interaction between artists and fans. This high-engagement ecosystem generates value-driven fan activity and cash flow for the artist and translates into one-of-a-kind perks and real-world experiences for fans using Geojam. Past experiences have included an artist taking a fan on a private jet to their hometown, being on a billboard in Los Angeles, playing video games, designing apparel, one-of-a-kind memorabilia, and more. In only 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 and influencers in the world of music.
SOURCE: Constellation
View source version on accesswire.com:
https://www.accesswire.com/664180/Constellation-Network-Expands-Geojams-Ground-Breaking-Social-Music-Experience-with-Crypto
