$JAZZ token is the cryptocurrency that the Deparment and Institute are built on. This token allows students to pay for lessons, events, and features to add to their Modern Jazz Institute app and educational platform. Builders, agents, musicians and ecosystem participants can also post gigs, audited code and bounties on our freelancer marketplace using $JAZZ.
- Staking
- Users can stake $JAZZ, earning rewards and incentivizing their engagement or time committed to the ecosystem. Staking gives access to our codebase and a governance layer, where proposals and code can be approved. Code can be submitted to add agentic features and improvements to the ecosystem, propose partnerships to the Department, and is left to the imagination of the builders. Staking also permits the option to apply to our marketplace.
- Airdrops through $JAZZ freelancer marketplace
- Our marketplace allows for technology and network fees in $JAZZ. Based on the activity of the platform, stakers, Kongz, and ai16z participants will receive airdrops from technology usage fees as our freelancer economy grows.
- Access to the Department of Jazz AI Funpad
- Burn $JAZZ to generate your own AI jazz musician who will randomly release and mint AI generated jazz music.
- Access to the Modern Jazz Institute
- Holders of $JAZZ will have access to the Modern Jazz Institute’s virtual canvas and platform.
- Token Buybacks & Burns
- A portion of revenue generated by the Modern Jazz Institute, Freelancer Marketplace, platforms and features will be used to buyback $JAZZ. Buybacks are burned, which enhances the value of the token and diminishes supply in a deflationary manner.
- Access to live events
- Events sponsored by the Department of Jazz can purchase tickets, merchandise and records with $JAZZ.
- $JAZZ Derivatives
- More information coming soon.
- $JAZZ SocialFi