Description
What is Joystream?
Joystream is a video platform protocol; it does for video publishing what e-mail did for mail, and Bitcoin did for money. On Joystream, all profiles, videos and social interactions live on a dedicated high throughput public blockchain. A user-controlled DAO funds creators and builders, and operates the storage and content delivery infrastructure. Developers can therefore build new applications on an existing open network effect and infrastructure, with APIs they can trust forever, unlike the current closed incumbents. This empowers them to experiment with new features, algorithms and policies that can delight creators and consumers in new ways, unlike today, where everyone is stuck with a single experience controlled by one company. Creators can build their audience and business on a solid foundation. They can sell video NFTs to capture more value from their greatest fans. And they can also issue a dedicated revenue share creator token to finance their creative projects.
Market Rank
In the dynamic and ever-changing landscape of cryptocurrencies, Joystream has established itself as a formidable player. It is currently ranked #29,069 in the cryptocurrency market based on its market cap. This ranking reflects the trust and confidence that the market has in Joystream as a viable digital asset.
Tokenomics
The tokenomics of Joystream consist of a total supply of 8,703,024 tokens, out of which 8,680,875 tokens are currently in circulation. Understanding the tokenomics is crucial for potential investors, as it sheds light on the token's distribution and availability, which can directly impact its value and demand in the market.
Wallet Support
In order to securely store your Joystream tokens, you can use a variety of wallets such as MetaMask. These wallets provide a safe environment for managing and storing your digital assets. It's essential to select a wallet that supports the specific cryptocurrency and offers a high level of security, user-friendliness, and compatibility with your preferred devices.
