Juno

Juno is an open sourceopen-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 of games in the metaverse, marketplaces for NFTs, and theprivacy protocol deployment of privacy protocols.

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 12twelve years.

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), development of games in the metaverse, marketplaces for NFTs, and the deployment of privacy protocols.

The genesis supply of the native token of the blockchain, $JUNO, was dropped in February 2021. Over 95% 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 12 years.

Juno as a sovereign public blockchain in the Cosmos ecosystem, aims to provide an environment for the deployment of interoperable smart contracts. The network serves as a decentralized, permissionless & censorship resistant avenue for developers to efficiently and securely launch smart contracts using proven frameworks and compile them in various languages Rust & Go.

Battle tested contract modules such as CosmWasm, allow for decentralized applications (dapps) to be compiled on robust and secure multi-chain smart contracts. Additional specialized modules may be be introduced after genesis and are subject to onchain governance.

Juno originates & evolves from a community driven initiative, prompted by dozens of developers, validators & delegators in the Cosmos ecosystem. The shared vision is to preserve the neutrality, performance & reliability of the Cosmos Hub and offload smart contract deployment to a dedicated sister Hub.

Some of the founding principles centre around:

️ Eliminating potential legal limitations (Juno has not/will not conduct any form of seed sale, private sale or public sale. All $JUNO entered circulation via the decentralized network launch on October 1st 2021)

️ Governance by ATOM stakers which become JUNO stakers. Stakedrop where 47% of the genesis supply goes to ATOM stakers on a 1:1 basis.

️ Sister Hub to the Cosmos Hub - Preserving the neutrality of the Hub by offloading smart contract usage/congestion to a designated contract zone.

️ Eliminating common smart contract L1 bottlenecks (poor scalability, non-interoperability, high fees, concentrated governance control).

️ Pioneering CosmWasm development and adoption.

️ Inception of the worlds first permission-less, designated interoperable smart contract network.

Cosmos SDK

The Juno blockchain is built using the Cosmos SDK framework. A generalized framework that simplifies the process of building secure blockchain applications on top of Tendermint BFT. It is based on two major principles: Modularity & capabilities-based security.

Tendermint

Agreement on the network is reached via Tendermint BFT consensus.

Tendermint BFT is a solution that packages the networking and consensus layers of a blockchain into a generic engine, allowing developers to focus on application development as opposed to the complex underlying protocol. As a result, Tendermint saves hundreds of hours of development time.

Why Juno?

Juno as a sovereign public blockchain in the Cosmos ecosystem, aims to provide an environment for the deployment of interoperable smart contracts. The network serves as a decentralized, permissionless & censorship resistant avenue for developers to efficiently and securely launch smart contracts using proven frameworks and compile them in various languages Rust & Go.

Battle tested contract modules such as CosmWasm, allow for decentralized applications (dapps) to be compiled on robust and secure multi-chain smart contracts. Additional specialized modules may be introduced at any time via on-chain governance.

Economic Overview

Native Asset (JUNO)

JUNO, the native asset of the network carries a variety of use cases within the ecosystem, including:

securing the proof of stake network,

key to on-chain governance,

act as transport fuel (gas) for all interoperable smart contracts deployed in the ecosystem,

collateral in various smart contract use-cases,

and work token to capture value from dapps built on top of the Juno Network.

Token Economics (Tokenomics)

Juno Network is a completely community owned and operated smart contract platform. Therefore, the majority of the initial supply was stakedroped to atom holders, committed to the community pool, or committed to the development reserve for ongoing development of the Juno Network features.

Token Distribution Breakdown

️Community Stakedrop: 30.663.193 $JUNO️

Community Pool: 20.000.000 $JUNO

Smart Contract Challenges: 2.373.341 $JUNO

Core Development Reserve (Vested over 12 years, i.e. non-circulating): 10.084.396 $JUNO

Core Team (Vested over 12 years, i.e. non-circulating): 1.782.312 $JUNO