Juno is a permission-less interoperable smart contract network that automatically executes, controls, or documents a procedure of relevant events and actions according to the terms of such contract or agreement to be valid & usable across multiple sovereign networks.
Juno as a sovereign public blockchain in the Cosmos ecosystem aims to provide a sandbox environment for the deployment of such interoperable smart contracts. The network serves as a decentralized, permission-less & censorship-resistant avenue for developers to efficiently and securely launch application-specific smart contracts using proven frameworks and compile them in various languages Rust & Go with the potential future addition of C and C++. Battle-tested modules such as CosmWasm will allow for decentralized applications to be compiled on robust and secure multi-chain smart contracts. EVM support and additional specialized modules to be enabled after genesis subject to on-chain governance.
The Project Development
The Juno Network had its decentralized launch on October 1st, 2021. It launched by distributing tokens to staked $ATOM holders only, based on a snapshot of CosmosHub-4 (Stargate Upgrade) going live in February 2021.
The last missing piece to complete the Juno core network architecture came to mainnet via the Moneta upgrade on December 15th, 2021. The CosmWasm 1.0 smart contract module opened up the path to innovation and adoption on Juno and provided the Cosmos ecosystem at large with a powerful environment for smart contract deployment.
This January the network launched JunoSwap. It is now in Beta with 11 projects from the Cosmos featured on it. There are currently no incentives on the DEX but that will change in February with the launch of $RAW. JunoSwap is governed by the JunoSwap DAO which is in charge of shaping the future of the dex. RAW will be the governance token of the DAO and will be used to incentivize the Liquidity Pools on the DEX.
Juno Team
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.
Hundreds of independent Cosmos ecosystem contributors are working on the Juno core network, independent dapps, tooling and more.
Here are the members of the Core-1 Web3 infrastructure development team:
Andrea Di Michele — Dimi (stakefish)
Wolfcontract (SG-1)
Blockcreators
Jake Hartnell (Stargaze.Zone)
Jack Zampolin (Strangelove Ventures)
$JUNO
JUNO is the native token of the network that carries a variety of use cases within the ecosystem such as:
Securing the Proof of Stake network
On-chain governance
Transport fuel (gas) for all interoperable smart contracts deployed in the ecosystem
Collateral in various smart contract use-cases
Work tokens to capture value from dapps built on the Juno Network
Juno Network is a 100% community-owned and operated smart contract platform. The majority of the initial supply did not have a token generation price as they were stakedropped to ATOM holders that contributed to the community pool and development reserve for ongoing developments of the network.
Comprehensive $JUNO tokenomics https://docs.junonetwork.io/juno/economic-overview/asset
Conclusion
Juno as a layer 1 smart contract network solves the first generation smart contract bottlenecks which are limited scalability, high cost for deployment and execution and offers an easy environment for developers across the globe to deploy scalable, secure decentralized applications efficiently.
The most relevant and up-to-date information about the Juno ecosystem can be found here or in the native Juno Blog. You can also visit the official Juno website.
If you have further questions, drop us a message to support@citadel.one. You can also join our chat in telegram, there is an active discussion of all current updates, as well as round-the-clock support from our managers.
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