They are still in development and don't have full doc's yet but here's what we know!
1/x ☕️🧵
🤔What:
🥄Hot Cloud Storage vs. Cloud Computing with Akash.
-This is a compliment rather than competition to Akash Network.
🥄Hot Cloud storage held on the Jackal P2P Network which is incentivised by the $JKL Token
2/x
🥄Bridging Secret Network with Filecoin to provide a cold storage solution.
🥄Incentivized data storage with Filecoin makes it a good choice for the network.
3/x
🛠️Use Case:
🥄Decentralized cloud storage in the #Cosmos ecosystem.
🥄Will compliment rather than work against Akash Network.
🥄You can store your Akash data with Jackal protecting your data in case an Akash node goes down.
4/x
🥄Different then Filecoin and Arweave because they are focused on Archiving where Jackal is focused on Hot storage for Dapps and Utility.
🥄Significantly cheaper than traditional hot storage services.
5/x
🥄Storage prices become cheaper with scale.
🥄Built with the same standards as AWS making storage easily transferable.
6/x
🧐How:
🥄Peer to peer incentivised network to hold the Hot data
🥄When stored long enough it is transferred to Filecoin for Cold Storage.
🥄Incentivized data storage with Filecoin makes it a good choice for the network.
7/x
🪂Airdrop:
5,000,000 $JKL will be airdropped
Staking Requirements:
🥄20 $SCRT
🥄10 $JUNO
🥄10 $ATOM
🚨Snapshot will BEGIN April 9, 2022
🚨There will be a 2x airdrop bonus for those staking with the Jackal DAO SCRT Network validator.
8/x
📖Notes:
🥄Potential launch issues depending on Sienna Network Launch pad development. The issue lies with a need to have a token to provide incentives in order to launch the chain itself.
🥄Potential speed issues depending on the speed of the Secret Network itself.