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Juno is an open-source platform that has been developed by contributors from the Cosmos ecosystem. It is a decentralized, permissionless network for cross-chain smart contracts. The Juno ecosystem consists of decentralized applications (dApps), smart contracts, tools, decentralized autonomous organizations (DAOs), and NFTs.
Juno has developed its proof-of-stake blockchain with the Cosmos software development kit (SDK). It was launched in October 2021 and is operated by delegators who vote on processes for the network once they have obtained a governance token, $JUNO.
Juno also houses other parts of the ecosystem, including the CosmWasm smart contracts and InterWasm DAO. The platform can be used for decentralized exchanges (DEXs), games development in the metaverse, marketplaces for NFTs, and privacy protocol deployment.
The genesis supply of the native token of the blockchain, $JUNO, was dropped in February 2021. Over 95 percent of the supply was committed to the community, and the maximum supply of tokens is set to be over 185,000,000. The tokens released after the initial genesis supply will be distributed at periodic unlocks over the course of twelve years.
