JoulePrice

(JOULE)

On its platform, Joule functions multi-dimensionally. It serves as a fundamental unit for pricing, acting as a standard measure within its ecosystem. Additionally, it represents a unit of the Popularity Index, reflecting its role in measuring and indicating popularity. Finally, it operates as a cryptocurrency, allowing for digital transactions and value transfer within its associated applications and services. This multifaceted nature underscores its integral role in the project's operations.

Joule is not an Initial Coin Offering. The project's application was already fully operational and deployed on the blockchain infrastructure before its tokens were made available to the public. This approach distinguishes its launch method from traditional ICOs, where tokens are typically offered to raise funds for development prior to or concurrent with the product's release.

The project addresses this concern by explaining its Referrer Commission structure. It clarifies that this system is designed to reward members who actively promote the technology and contribute to its growth, recognizing their efforts. Crucially, the project states that referrers do not automatically generate income. For commissions to be earned, all involved parties must actively engage in transactions. These transactions generate fees, which in turn power the referrer commission scheme, emphasizing active participation and real utility.

Access to the Joule platform and its services is exclusively by referral. This means that interested individuals must receive an invitation from an existing member to gain entry and participate in the ecosystem. This referral-based access system helps curate the community and ensures that new participants are introduced through established users of the platform.

Joule tokens can be obtained through several channels. Within the project's application, users have the option to purchase tokens directly using established payment methods such as PayPal or major credit cards. For those preferring cryptocurrency transactions, tokens can also be acquired by exchanging Bitcoin, Ether, or USDT on various supported crypto exchanges. This flexibility offers multiple avenues for users to participate in the Joule ecosystem.

The Referrer Commission is an integral part of Joule's economic model, designed to incentivize community growth. For every successful transaction on the platform, a small transaction fee is incurred. A portion of this fee is then rewarded to the referrer as a recurring commission for their role in introducing new users. Additionally, when a business accepts Joule tokens for payments, it contributes a percentage of the transaction value. A share of this business contribution is also allocated to eligible referrers, providing ongoing rewards for their efforts in expanding the network and utility of Joule.