The Joystream Network Token (JOY) will be a fundamental component of the platform once it is live, playing a role in governance, staking and as a method of payment.

Purpose of the Token

Staking

Participants have to stake some amount of tokens to be able to participate on the platform in some operational roles, for example in order to earn a reward. These staked funds may could be slashed if the party misbehaves in this role.

Governance

Tokens can be used to make decisions on the platform by voting in Joystreams built-in democratic processes.

Payment

Value transfer, such as transaction…

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