What Is JumpToken (JMPT)? 

JumpToken (JMPT) is a primary utility token or cryptocurrency of the JumpTask platform. JumpTask is a DeFi (decentralized finance) platform seeking to optimize a gig-based economy in the crypto world. JumpTask also envisions decentralizing the gig economy and thus, uses blockchain technology to function. A gig economy represents an organization that hires workers for the short term. Although cryptocurrency sounds familiar in the present times, the existing barriers to the digital world of crypto still stand. For example, many are ignorant about how crypto works, while many abandon the idea of giving crypto a shot. It clearly highlights the need for a newer approach. The JumpToken platform intends to support inexperienced users in kick-starting their crypto journey.

JumpTask aims to connect people or potential crypto users with skilled gig workers. The platform works by educating beginners with relevant crypto information. JumpToken encourages users to earn cryptocurrencies by accomplishing simple gigs and microtasks that demand very little specialization or skills. The platform intends to make the crypto market more approachable and scalable. 

JumpTask aims to connect companies and organizations with the collective skills of a worldwide workforce. The platform encourages businesses to rely on crowdsourcing instead of hiring teams to work on a big project for a brief time. JumpTask enables companies to split the project into multiple micro tasks and outsource the gigs to workers across the globe. Crowdsourcing is less expensive and opens up opportunities for remote workers to earn without committing to a specific project for the long term.

As its whitepaper mentions, JumpToken or JMPT is JumpTask’s official digital currency. JumpToken functions on an open-source Binance Smart Chain to ensure efficient and secure transactions on the platform. JMPT tokens function as the only means of payout enabling users to earn JMPT by completing the microtasks. Partners must acquire JMPT to post microtasks and compensate users for completing the tasks. By making additional revenues in JMPT, users can store and trade crypto-tokens for higher returns without putting their pooled funds on the line. JumpTask aims to maximize the utilization of JMPT among users and businesses to ensure higher liquidity of the token. The platform reserves 2 percent of the total JumpToken circulation in liquidity pools to facilitate seamless trading of crypto assets. 

History of JumpToken (JMPT)

Juozapas M. Preiksa and Justas Vasiliauskas are the founders of JumpTask. The platform was first launched on January 13, 2022. According to its website, the official JumpTask token, or JMPT, was released in the first quarter of 2022. The total fixed supply of JMPT tokens is one hundred million.