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Jot Art operates a two-token, in-game economic model.
The Jot Art ecosystem will generate revenue from In-game asset sales, Land Sales, Breeding fees, and Marketplace fees.
Jot Art will be run using a Game-as-a-Service model where new features will be introduced over time. Jot Art can potentially earn revenue from selling in-game assets, Land, cosmetics, and in-game consumables. Additionally, there will be fees when players want to level up their game characters, play in tournaments, and craft new assets.
The 𝓙JOT Token
JOT is the main currency used to acquire assets from the Jot Art marketplace. JOT is also the governance token and is mainly used to influence the development and management of the Jot Art metaverse. Voting power is proportionate to the number of tokens each user holds.
Gemstone (GEM) is the in-game token in which rewards are paid out and is the main token used for in-game services.
A key difference between Jot Art games and traditional games is that blockchain economic design unlocks the ability to have complex player-owned economies and reward players who are able to reach advanced levels of skill. Players are able to have fun and work towards ambitious goals while simultaneously earning potential resources that will have real monetary value due to an open economic system and demand from other players - “Play-and-Earn”.
Currently, players can gain more resources to advance in the game by taking actions such as:
● Competing in Battles to win leaderboard prizes as well as Gemstones (GEM)
● Breeding characters to produce new ones with particular part combinations.
● Collecting and speculating on rare NFT characters and assets.
The JOT token is a BEP20/ERC-20 payment & governance token for the Jot Art metaverse. JOT holders will be able to claim rewards if they stake their tokens, pay for internal services in all Jot Art games, and participate in key governance votes. Players will also be able to earn 𝓙JOT when they play various games within the Jot Art metaverse and through user-generated content initiatives.
Our goal is to align the incentives between the players of Jot Art games and the developers in novel and exciting ways. The mechanisms described above have two main goals:
● To reward players for interacting within Jot Art while simultaneously incentivizing them to hold on to their tokens so they can claim additional rewards.
● To decentralize the ownership and governance of the Jot Art metaverse.
We want Jot Art to become the first gaming platform truly owned and operated by the community. This opens up limitless possibilities but must be approached carefully.
At a later time, the Jot Art DAO will be established with a Community Treasury. The Community Treasury will go live later in 2022 / early 2023. The Community Treasury vault will begin to receive revenues generated by Jot Art games as well as a portion of staking rewards. This treasury will be governed by JOT stakers eventually, once the network has become sufficiently decentralized.
The Treasury receives inflows from:
● 2% of all Jot Art marketplace transactions.
● 50% of the JOT portion of the breeding fee.
More streams will be added in the future from cosmetic sales, tournament entree fees, licensing fees, and more as new opportunities present themselves.
JOT will be unlocked in a pre-determined schedule which lasts for 24 months from the public sale. The initial circulating supply is set to 375,000,000 JOT - 25% of the total supply.
JOT Total Supply: 1,500,000,000
The above chart illustrates the maximum possible issuance of JOT over the coming years, and the total supply will never exceed 1,500,000,000
𝓙JOT Tokenomics Summary:
Max Supply: 𝓙1.500.000.000 Initial Supply: 𝓙75,000,000 (5%) Pre IEO marketcap - $3,750,000 Post IEO marktcap - $7,500,000
Token Price Seed Round: $0.05 Private Rounds: $0.05 Public Sale: $0.10
Vesting - Detailed vesting schedule
👉Private Rounds + Public Round + Launchpads - 5% 👉Liquidity + Ecosystem Fund - 20.07% 👉Ecosystem Incentives i.e. Staking - 24.19% 👉Play to Earn - 20.62% 👉Partners & Advisors - 5% 👉Team - 25%