JPOW Token Launches

$JPOW is an inflationary token whose holders can own the 🌈🐻s and increase their holdings every day by staking their tokens. Token holders who stake their $JPOWs with the Federal Open Market Committee (FOMC) are allowed to vote on monetary policy and potentially receive additional tokens every 24 hours. Dev liquidity is 100% locked for a year (verified at Unicrypt) and there is no dev premine or pre-sale.

Token holders can vote each day to keep the daily inflation rate at 4%, increase it to 8%, or set it to 0%. After every 24-hour voting period, the total supply of $JPOW increases by the inflation rate voted on. New tokens minted as a result of inflation are only distributed to those who staked and voted during that period and will be given to each staker in proportion to how much they staked.

Token holders who did not stake their holdings will not benefit from inflation. Staking tokens with the FOMC prevents trading those staked tokens for 24 hours as votes are tallied; after 24 hours pass from when they staked their tokens, FOMC stakers will be able to trade their staked tokens, and they will also receive additional tokens if the inflation rate voted on was positive.

Naturally, the more $JPOWs you stake, the more votes you get in the FOMC. So if you become a JPOW whale, you could soon find yourself controlling the FOMC.

But isn’t inflation bad?

Enter JPOWnomics. We believe a healthy amount of inflation can reward holders with new tokens without materially affecting $JPOW’s price. Token holders may also collectively vote to keep the supply fixed if they so choose. Why own another hyperdeflationary token? Live a little and you can help usher in a new era of Crypto.

$JPOW operates on two economic principles.

Increasing the supply of a currency will, in theory, only make it less valuable if the new coins are posted for sale on the market. What matters is not the total supply of the currency but the supply up for sale.

By providing a staking and reward mechanism through the FOMC, buyers are incentivized to hold $JPOW, which should reduce the amount of the currency available for sale. Furthermore, if FOMC stakers choose to stake the new coins they receive, our theory is that the amount of the currency that is available for sale should stay unchanged even as the total supply of the currency increases.

2. Creating a staking and reward mechanism should reduce volatility and create a virtuous cycle that makes holding $JPOW a better strategy than trying to time the market

$JPOW holders are incentivized to hold and stake their currency in order to avoid losing out on potential daily rewards. This, in turn, should reduce negative price volatility because (1) holding (and not selling) results in potential daily rewards and (2) more of the currency is locked away, so there is less of a chance that FUD or a decrease in the price sparks a downward spiral.

The absence of negative price volatility may create a virtuous cycle in which there are smaller drawdowns, so holding and staking $JPOW ends up being a better strategy than trying to time the market.

We look forward to having you join the committee.

Disclaimer:

$JPOW is a highly experimental and speculative cryptocurrency that is not affiliated with any government entity. It is purely for entertainment. It is not an investment or a security. Nothing in this site should be construed as a representation or warranty that buying $JPOW tokens will result in any sort of monetary gain. Buying $JPOW has many risks and could potentially result in the loss of any and all currency used to purchase $JPOW tokens. To the full extent of the law permissible, the developers of this site and the $JPOW token are not responsible for any potential damages caused by the usage of (or inability to use) the token or the site. The developers of this site and the $JPOW token do not make any representations or warranties as to the accuracy of the information on this site or the functionality of the $JPOW token. Tread extremely carefully.

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