Tune.FmPrice

(JAM)

The JAM token operates on a model designed to support a global music ecosystem. Recent updates to market trackers have clarified the circulating supply to better reflect actual distribution within the network. While the whitepaper outlines a theoretical maximum supply of over 92 billion tokens, this serves as a long-term framework for ecosystem growth and artist incentives. The project focuses on managing distribution to support platform utility, ensuring the token remains functional for micropayments and rewards without compromising the network's stability.

Tune.Fm utilizes a "Create-to-Earn" model that aims to provide artists with significantly higher revenue—often cited as 10x to 100x more than traditional platforms. This is achieved through per-second micropayments facilitated by the Hedera network. Artists receive JAM tokens directly for every second their music is streamed, bypassing traditional intermediaries. This allows creators to retain a much larger share of the value they generate while also enabling them to monetize their work further through the sale of music NFTs directly to their fans.

Listeners can participate in a "Listen-to-Earn" ecosystem where they are rewarded for discovering new music. Through "Promoted Streams," artists pay JAM tokens directly to fans who listen to their tracks. Beyond earning rewards, users can utilize their JAM tokens to purchase exclusive music NFTs, support their favorite creators, or stake tokens for additional rewards. Furthermore, large holders can gain access to the "Million JAM Whale Club," an exclusive community group that offers specialized engagement opportunities within the ecosystem.

Tune.Fm has secured substantial funding commitments to accelerate platform development and scale its infrastructure. These funds are used to enhance the user experience and attract high-profile partnerships, including collaborations with major industry figures. The project is focused on bridging the gap between independent creators and the broader music industry, with the long-term goal of onboarding major labels. This capital supports the project's vision of creating a mainstream decentralized streaming platform that rewards both creators and fans fairly.

The platform selected Hedera due to its high throughput and low, predictable transaction fees, which are essential for a streaming model based on per-second micropayments. Hedera’s fast finality ensures that artists and listeners experience near-instant updates to their balances. These technical advantages allow for a seamless streaming experience that would be difficult to maintain on networks with higher or fluctuating gas fees. By using Hedera, Tune.Fm can guarantee that the vast majority of value goes directly to the artists and users rather than to network costs.

As a Hedera Token Service (HTS) token, JAM requires compatible wallets such as HashPack or Blade Wallet, as well as hardware options like Tangem. For users looking for a streamlined experience, LBank provides a secure environment to trade and manage JAM tokens. Users can easily deposit or withdraw JAM via the exchange, and those looking to convert their earnings can utilize integrated fiat on-and-off-ramps. This ensures that both crypto-native users and non-crypto-native artists can easily access and utilize their JAM tokens.