Welcome to JMES Coin, where we embark on a revolutionary journey that converges authenticity, empowerment, and decentralized governance to reshape our connection with art.
As JMES embarks on the journey towards building the world's largest decentralized art ecosystem, the dynamics of the initial distribution period lay the foundation for the vibrant ecosystem that the community is collectively creating. This period, a critical stage in the JMES launch, serves as an opportunity for validators, enthusiasts, and stakeholders to actively engage with the project, set up validators, and be part of the genesis of the JMES network.
Mainnet Launch and Initial Distribution Period Highlights:
Fair Launch and Validators: The initial distribution period encourages validators to set up and compete to mint JMES tokens. Validators play a crucial role in maintaining the security and integrity of the JMES network, contributing to stability and growth.
Active Validator Set: The active validator set comprises validators who have staked JMES tokens as collateral. The top 100 validators, based on their staked JMES amount, including delegated stake, become part of this active set. Validators outside this set can enter if the set drops below 100.
Block Rewards and DAO Allocation: Each new block validates transactions and mints new JMES tokens as block rewards. Half of these rewards are distributed to validators and delegators, while the other half is allocated directly to granted DAOs.
Validator Bonuses: The validator selected to produce the next block receives a bonus reward of up to 4% of the validator and delegator rewards, incentivizing active participation and ensuring the network's continued operation.
DAOs in the Initial Distribution Period: DAOs are the heart of the JMES ecosystem, representing tangible businesses and organizations that can receive up to 50% of block rewards. During the initial distribution period, the allocation meant for DAOs is directed to validators, laying the groundwork for the crucial role they will play in the next stages.
Authentic Ownership: Truly Own Art, Verifiably Yours!
Experience the essence of authentic ownership as you trade fractions of real-world assets, both physical and digital, on a global market. JMES ensures more than just ownership; we deliver verifiable proof, eliminating doubts and establishing a genuine connection to art.
Empowering Artists: Igniting the Creative Revolution
Become a catalyst for change. In the JMES community, we empower on-chain artists by establishing a direct funding avenue from the blockchain. Bid farewell to middlemen and gatekeepers as we ignite the passions of artists, fostering a creative revolution where ideas thrive without constraints.
Powered by DAOs: Unleash Collective Power, Shape the Future of Art
At the core of JMES is a network of community-governed DAOs (Decentralized Autonomous Organizations), directly funded by the blockchain. This decentralized model allows you to realize your ideas, add value without centralized control, and unleash the collective power of the community. Shape the future of art as you contribute actively to a dynamic and inclusive ecosystem.
In the world of JMES Coin, art is not just a possession; it's a shared experience, a form of expression, and a movement towards a more authentic, empowering, and decentralized future. JMES Coin: Where Creativity Meets Authenticity!
DAOs Take Center Stage in Funding, Governance, and Leadership:
Creating DAOs: Community members, such as art dealers, artist incubators, event organizers, or software developers, now have the power to create DAOs. These entities form the backbone of support for art and artists, marking the emergence of the first true DAOs on JMES.
Funding and Governance: DAOs propose on-chain funding ideas, providing a platform that empowers artists and entrepreneurs on JMES. Community votes bypass centralized control, unlocking the power of decentralized funding for limitless creativity.
Core DAOs and Decentralized Leadership: Core DAOs on JMES replace traditional centralized core teams, enabling decentralized leadership for sustainable growth. They propose ideas, allocate funds, and guide the ecosystem, fostering a resilient and diverse community-driven model. This unleashes the potential of decentralized leadership within the JMES community.
Official Status & Features for Empowered DAOs:
Empower your DAO on JMES with Official Status and Features. Gain credibility, influence, and unique capabilities like art curation and event organization. Let the community recognize and unlock the full potential of your DAO. Make it Official on JMES!
As JMES transitions from the initial distribution period to the next phase, the focus shifts towards enabling DAOs and the broader community to actively participate in shaping the future of JMES. Join us in this revolutionary journey where creativity knows no bounds, and the community holds the reins of innovation.
Stay connected with the JMES community through our official channels for updates, discussions, and opportunities to get involved. Together, we will redefine the art industry through decentralization, ownership, and innovation.
Thank you for being part of this exciting journey!
Follow this link to the JMES Blockchain validator address book:
https://github.com/jmesworld/networks/tree/main/jmes-picasso
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