Joystream Handbook
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Founding Member Program
How you become a owner and operator of the Joystream network.

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US persons are not eligible for $JOY
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Introduction

While Jsgenesis is the team currently building the technology behind the Joystream project, we will not be around forever, and we are instead entrusting the future operation of the Joystream DAO to our community members.
The Founding Member Program (FMP) formally allocates JOY tokens among some of our highest quality community members in recognition of their contributions to the project and ensures that a sufficiently large, effective and motivated community of users is ready to occupy all the different roles required to run, evolve and grow the platform on mainnet.
The program is intended to run at least until the platform is ready to go live on mainnet, possibly even after. However, some changes in structure along the way must be expected.

Current Founding Members

Why Become A Founding Member?

  • $JOY: A share of the native token powering the mainnet blockchain.
  • Membership Status: A special marker in the membership registry of the genesis block of the mainnet blockchain, forever distinguishing you as an elite OG-contributor with high social standing. This is very valuable in a governance system which critically uses reputation and standing as a way to give people access to opportunitites, such as serving on a council, or get projects funded through proposals or bounties or to have senior leadership roles in working groups.
  • Handcrafted Avatar: A unique profile picture, hand crafted in the Joystream brand identity style, making you immediately recognizable on all social media channels and inside Joystream products. Here are some examples
Handcrafted Founding Member avatars

Stages

There three stages of participation in the FMP
  1. 1.
    Unverified: This is the initial status of any newcomer registered on the platform, you can immediately start earning $tJOY and $JOY, however, the moment you reach a certain number of $JOY tokens (the verification cap), you are going to lose all additional $JOY earned until you are verified. If you re unable to become a FM when mainnet comes around, your $JOY allocation will be lost.
  2. 2.
    Verified: This means you can continue to earn $JOY tokens, increasing your allocation over time, and you also will lose your allocation if you are not a FM by mainnet.
  3. 3.
    Founding Member: You have become a FM, and any $JOY you have allocated will be accessible to you when the mainnet is launched. You can keep earning $JOY even after this you have reached this status.

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Bribery

Offering or accepting value, including but not limited to
  • cash
  • cryptocurrency
  • NFTs
  • reciprocation of favor in the future
  • promotion
  • personal favors
  • any form of consideration
for access to opportunities, specifically
  • A council seat
  • A working group lead position
  • A worker position
  • A bounty
Is not only strictly prohibited, but Jsgenesis will be conducting continuous bribery tests, including recruiting existing members and founding members to help, to ensure bribery does not occur. Anyone found to be involved in bribery will lose their $JOY allocations and be permanently banned.

Verification

Verification is the process by which Jsgenesis approves you for further participation in the founding member program, so you can keep earning $JOY tokens and eventually reach founding member status. You have to have a minimum number of $JOY tokens before you can get verified (unverified JOY accumulation cap). To get verified make a thread in the Verification category of the forum, using the membership you wish to get verified for, and add a short bullet-point list of things for which you have earned $JOY in past council periods. Then write an email where you reference this thread, and send it to [email protected].

Refer A Friend

When creating a membership on-chain, or when interacting with the onboarding process of the HR group (Onboarding), you can select what other member has referred you. This cannot be updated at a later time, and if there is a conflict between what was told to the HR representative, and the blockchain, then the latter is considered authoritative. When the new member is verified, the member and whomever referred the member receives REFERREE_JOY and REFERRER_JOY amount of $JOY, respectively, where these are Council Period Parameters from the period in which the invitation was registered. Hence both actors receive a reward.

Dashboard

There is a dynamic dashboard which holds up to date information on the state of the program and each participant, found here.

History

  • 11/12/2018
    • The Joystream project was launched by Jsgenesis (Blog post), JSG was created from inception to focus on the coding and system elements of the platform, while the running of the platform was entrusted to users under the motto "We are building Joystream to set it free"​
  • 21/12/2018-19/05/2020
    • Various testnets were launched over this time period (Mesopotamia, Sparta, Athens, Acropolis, Rome).
    • All incentives were directly paid in USD (XMR) for work performed on the network. This meant that none of the balances on the testnet were of much consequence.
  • 20/05/2020
    • Constantinople testnet was launched (Blog post). This for the first time created the concept of tJOY and a fiat pool allowing for testnet participants to be directly incentivized by tokens on the testnet and have their incentives be impacted by the DAO and community's decisions. The network was initially backed by a pool of $2500 USD that was managed by Jsgenesis (Blog Post).
      • As of early 2022, the fiat pool had increased from the intial $2500 USD to over $65,000 USD, paying out more than $93,000 USD in incentives to users.
    • The tJOY balances were exchangeable into USD by exchanging them for Monero and eventually Bitcoin Cash.
    • This release also introduced KPIs which were a set of goals for each council to work toward to gain more incentives (First KPI blog post).
      • As of early 2022, the potential weekly KPI rewards had increased from $200 USD to as much as $4800 USD.
  • 14/02/2021
    • ​The Founding Members program was launched. This program offered mainnet tokens to platform participants for the first time, in addition to the more immediate financial incentives available via the incentivized testnet. It was intended for this program to run up until mainnet launch of the project, however in early 2022 it was discontinued in favor of the new system.
      • Participating users were required to produce a document outlining their activity on the testnet which would be graded and given points, and unlike many programs within cryptocurrency projects, only gave actual allocations to those inducted as Founding Members (selected by JSG based upon the quality of their participation and contributions over time). You can access notes from each scoring period as well as a list of Founding Members.
      • Up until this point, no mainnet tokens were offered to users. Regardless of this, a few users had participated heavily beyond the immediate USD incentives by producing bots, scripts, documents, driving activity and growth as well contributing feedback, ideas and improvements to the platform. Jsgenesis selected 5 of the most valuable contributors as Initial Founding Members and gave them a generous allocation of mainnet tokens. This was explained further here.
      • None of the tokens given to community participants had any value attached. Jsgenesis had recieved investments from various firms however did not disclose any information regarding any valuation of the project.
  • 13/01/2022
    • Jsgenesis announced the discontinuation of the the points system for the Founding Members program.
      • All points were converted into token allocations and given a potential USD value based on the valuation of the project. A deadline of 26/01/2022 was also given for any final reports to be submitted. The KPI system was also going to be discontinued upon launch of the new incentives system.
      • The valuation of the project was made public for the first time giving users an opportunity to see for the first time the potential financial value of their contributions so far as well as the potential future rewards available by participating further.
      • Users who were not inducted as Founding Members also had all of their points converted into potential token allocations, however they would still be required to contribute more to obtain FM status from Jsgenesis.
  • 26/01/2022
    • The old Founding Member program officially came to an end.
    • With Olympia (the largest testnet release to date) and a new Founding Member program launching, it would also involve wiping some amount of content from the testnet.
      • Prior to this upgrade, the testnet, incentives, FM program, KPI system had come together around a nascent, dedicated community and managed to produce a truly staggering amount of activity--including more than 1,400+ on-chain proposals, 3,400+ on-chain memberships, 11,000+ on-chain forum posts, 90+ on-chain forum threads, on-chain elections involving more than $16,000 USD worth of stake, more than 85 workers concurrently working on-chain and being paid automatically by a DAO maintained by more than 50 validators. While also sustaining a storage and distribution network serving more than 5,500 video uploads managed by the DAO.

FAQ

​Founding Members​

Rules

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These rules will change at our discretion
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Term
The Joystream Founding Member Program was formally launched on 12th February 2021. The program will end one month in advance of the mainnet launch, on the snapshot date, yet to be confirmed.
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Our current target for mainnet launch is during Q2 2022, though this is subject to change.
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Eligibility
The program is open to everyone over the age of 18 who are not U.S. persons.
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To be formally admitted to the program you will be contacted and screened by a Jsgenesis representative upon request (as described above) or upon accumulating unrealized JOY earnings greater than or equal to $10,000USD, based on the value of the JOY token calculated in the previous funding round.
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The formal admission of new Founding Members to the program will take place at the end of council periods. Each council period currently lasts one week.
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Communication
We will publish further public updates about the program through our regular communication channels, including our Official Telegram Channel, our Official Discord Server, the Joystream Newsletter, the official GitBook page for the program (https://joystream.gitbook.io/testnet-workspace/testnet/founding-member-program) and on our website (www.joystream.org), and blog (blog.joystream.org).
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Any private or sensitive information about your participation in the program will be communicated via Keybase or some other previously agreed contact method.
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Eviction Policy
Any platform member who participates in fraudulent or bad faith activity is liable to be expelled from the leaderboards and Founding Member program, with all associated token claims voided.
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Account And Key Security
Your tJOY and accumulated JOY allocation are yours alone and are non-transferrable. You must keep your account and any private keys associated with your membership of the Founding Member program safe and engage in sensible digital security practices.
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Keys with associated Founding Member token claims must not be transferred to anyone else under any circumstances. Where this occurs, points or token claims may be voided (see above).
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Tokens can only be allocated to addresses under your control. You may be required to sign a message proving you own the private keys to any addresses you provide.
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Updates To These Rules
Jsgenesis reserves the right to update the rules of the program at any time, for any reason.
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If serious flaws in the structure of the program are discovered, Jsgenesis reserves the right to announce that after a future scoring period, the "season" is concluded, and a new scheme will apply to following seasons, thus resetting "scores". In such an event, a "slice" of the pool, set by Jsgenesis discretion, will be allocated in accordance with existing rules. The remainder will be transferred to new "seasons".
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Jsgenesis reserves the right not to honor any aspect of this agreement due to legal considerations.