Cosmos SDK Club: Juno


Bywire - Claim your free account nowBywire - love news, hate ads?

In less than 2 months Juno has captured nearly 400m in value and teams are lining up to release projects built on top of the Juno chain. This will happen very shortly as the Juno development team are currently porting smart contracts and dapp’s to cosmwasm 1.0 compatibility and testing these contracts on the uni testnet. They are also stress testing the uni testnet and testing upgrade procedures, as they move toward finalizing the rollout of their Moneta upgrade which is due to launch on December 15th 2021. Anyone who was around at the time of Cosmos Starport upgrade knows the value of staking to secure Cosmos SDK, proof of stake (POS) chains, at the time of a major upgrade. With so much value given in the form of airdrops this has become a bit of a no brainer. Excluding all other drops and just considering the value of Osmosis (OSMO) and Juno (JUNO), if you were staking ATOM on the 18th February 2021, then you know how lucrative staking can be on top of of the inflation rewards.

Juno’s tokenomics are also quite interesting, with a max supply set at 186M tokens. What is most interesting though is the timeline for inflation. Over a twelve-year period, Juno will have a series of yearly inflation drops. 40% for the first year, 20% for year two, 10% in year three and then dropping by 1% per year until the inflation rate reaches zero at which time no new Juno’s will be minted.

With so many projects set to launch on Juno once the Moneta upgrade goes live, you can be certain that along with the incredibly high staking rewards (currently approx. 120% APR which will reduce based on the total bonded rate and the inflation rate), you will be set to receive airdrops from new projects as they launch, so long as you are staking at the time of the projects chosen snapshot. If the CosmosHUB Starport snapshot is any indication of things to come for Juno, having tokens staked at time of the Moneta upgrade could be a very smart move.

Thanks goes to Bro n Bro validators and Kingnodes validators for their support in providing accurate up to date info on Juno and for just being amazing in general with their community interaction and support.

https://twitter.com/Bro_n_Bro

Juno stats - Grafana (bronbro.io)

https://kingnodes.com/

https://t.me/kingnodes

https://junochain.com/

I’ll be deep diving into more chains and aspects of the Cosmos ecosystem over the coming weeks and months so subscribe if you haven’t already to keep up to date with everything Cosmos

Comment & Earn!

Share your thoughts and opinions on the topics covered within this blog in the comments below for your chance to win yourself an NFT. Click here for more information on our engagement rewards.

Discord | Twitter | Youtube

Bywire will email you from time to time with news digests, stories & opportunities to get involved. Privacy

Bywire - Claim your free account nowBywire - love news, hate ads?