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The decentralized workforce platform introduced its own coin called JumpToken (JMPT) on January 13. One month later, it’s already among the Top 100 BSC ecosystem tokens globally, judging by the number of holders – and neither aggressive marketing campaigns nor external funding had anything to do with it.
“We are thrilled to see the adoption of JMPT growing so quickly, and expect the trend to persist – after all, it’s a token that fuels a sustainable business and a global remote work platform, and the demand for additional earning opportunities is universal,”
JumpTask’s CEO and co-founder Juozapas M. Preiksa points out. At the time of writing, the JumpTask app has almost 200K active users, and the number of JMPT holders is getting close to 65K. In just over a month, there have already been 100K+ transactions in JMPT.
JMPT Supply Allocation
JumpTask launched with no external funding and will continue to operate in this manner: the project will be instead funded through unlocked tokens. No new tokens will be taken into circulation other than what is required for further development of the project. “We’re not planning to release, mine, or burn any tokens, since we strive to establish a working business model rather than build up hype through artificial appreciation,” Preiksa explains.
The total supply of JMPT is divided into five sections that reflect the main needs of the platform: Product and Partnerships (50%), Team (20%), Research and Development (16%), Marketing (12%), and Liquidity Pool (2%). Product and Partnerships (50M JMPT) will be used to focus on financing and incentivizing new partners to join the ecosystem – this part of the total supply is considered the most crucial, since it’s partnerships that the entire JumpTask ecosystem is being built on: they are the main factor affecting the task supply and the token demand for the platform.
In January, JumpTask signed a deal with its first official partner – a passive income application Honeygain. This partnership enabled JumpTask to reach millions of users interested in ways to earn online without investing too much time and effort – and in return, Honeygain scored an opportunity to provide its users with much faster and cheaper payouts, as well as a new user base. Having received a share of JMPT reserved for Product and Partnerships, Honeygain decided to lock a significant part of it (5,9M out of the entire 10M sum allocated) for six months, showing investor trust in JumpTask’s success.
Honeygain has become one of the leading passive income apps on the internet in just under two years. Armed with a similar business philosophy and ambitions, JumpTask is confident about becoming a major player in the further development of the gig economy just as fast.
JMPT Liquidity and Listing
JMPT has been listed on PancakeSwap since the project launched. The team is currently working on the token’s appearance on Uniswap, plus several other CEXs, and planning to have it on BINANCE before the end of the year.
25% of the JMPT Liquidity Pool has been locked for six months. Locked funds make it impossible for the project’s team to cash out and leave the project early in the game – which means locking a portion of a Liquidity Pool acts as an anti-scam guarantee and a sign of trustworthiness.
“We want our users and investors to understand that we’re not here for a quick ride – we strive to have a massive and long-term impact on the gig economy industry,” JumpTask’s CBDO Adomas Ronkaitis concludes.
JumpTask’s Future Plans
Almost all team’s goals for Q1 were completed by mid-February, with some additional Q2 goals (such as significantly growing the app’s user base) achieved well ahead of plan as well. Up to this point, the team has been putting its primary focus on developing the project and building strong partnerships: the second task module, which was announced on February 15, is currently being developed in collaboration with five new industry-leading partners and planned to launch in March. In total, there are 15 modules currently in plans.
However, even though no large-scale marketing campaigns have been executed so far, the user base growth has exceeded the expectations and continues to do so, showing a huge demand for these kinds of platforms. The team of JumpTask strongly believes in its vision and strives to develop a business founded on real value rather than speculation.
About JumpTask
JumpTask is a gig economy-based marketplace that allows businesses to make the most out of the collective skills possessed by a globally dispersed workforce. It is expected to attract up to 50 million new users in the next two years.
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