$Juno is a smart contract platform in the #Cosmos ecosystem.
You may not have heard of it yet, or maybe you haven’t had the time to dive in.
So we are going to throw together a TLDR thread to read with your morning coffee. ☕️
1/x🧵
You may not have heard of it yet, or maybe you haven’t had the time to dive in.
So we are going to throw together a TLDR thread to read with your morning coffee. ☕️
1/x🧵
Juno runs on #CosmWasm and #Rust, this allows for more security in development.
This also allows for an easier transition moving forward with upgrades, having full backwards compatibility with new versions of the Blockchain.
More info here, tinyurl.com/4ham5sw5
2/x
This also allows for an easier transition moving forward with upgrades, having full backwards compatibility with new versions of the Blockchain.
More info here, tinyurl.com/4ham5sw5
2/x
Juno is a community owned protocol with 77% of the tokens allotted to the community! With almost 50% of them Airdropped to $ATOM stakers at the start!
This is a prime example of what can be done with decentralization of a protocol.
3/x
This is a prime example of what can be done with decentralization of a protocol.
3/x
But what’s the Use case?
☕️Securing the proof of stake network,
key to on-chain governance
☕️Gas for all interoperable smart contracts in the ecosystem
☕️Collateral in various smart contract use-cases
☕️A work token to capture value from dapps built on top of the Network
4/x
☕️Securing the proof of stake network,
key to on-chain governance
☕️Gas for all interoperable smart contracts in the ecosystem
☕️Collateral in various smart contract use-cases
☕️A work token to capture value from dapps built on top of the Network
4/x
Tokenomics:
But the APR is 100%+ that’s unsustainable!
Well of course it is, this is not a permanent arrangement.
Year 2 inflation will be cut in half, then AGAIN in year 3!
This means early stakers and compounders will be rewarded for their commitment to the protocol.
5/x
But the APR is 100%+ that’s unsustainable!
Well of course it is, this is not a permanent arrangement.
Year 2 inflation will be cut in half, then AGAIN in year 3!
This means early stakers and compounders will be rewarded for their commitment to the protocol.
5/x
So where does that leave us?
Price speculation aside $JUNO looks primed to be a major player in the #COSMOS ecosystem.
With the explosive growth already happening this could solidify $JUNO as one of the most commonly used Blockchains in the #Cosmos!
7/x
Price speculation aside $JUNO looks primed to be a major player in the #COSMOS ecosystem.
With the explosive growth already happening this could solidify $JUNO as one of the most commonly used Blockchains in the #Cosmos!
7/x
If you liked this thread help spread $JUNO by sharing the first tweet!
If you wanna support TheCosmosCoffeehouse.com and grab some JUNO merch at the same time stop by the store here!
Don't forget to stop by for new IBC Updates and #AIRDROP info!
…e-cosmos-coffeehouse.myspreadshop.com
If you wanna support TheCosmosCoffeehouse.com and grab some JUNO merch at the same time stop by the store here!
Don't forget to stop by for new IBC Updates and #AIRDROP info!
…e-cosmos-coffeehouse.myspreadshop.com
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