Juno is one of many airdropped tokens within the Cosmos ecosystem. Users who were staking and using ATOM tokens received the majority of the airdrop for Juno.
Juno
Juno is a smart contract platform built using the Cosmos developer kits. For more information on Cosmos, check out our article [here] . For more information on layer-1 smart contract platforms we also have an article [right here] . Since Juno utilizes the cosmos Tendermint consensus, Juno will be able to work with a variety of other blockchains. Juno already has over 50 decentralized applications built using the blockchain. Any successful application will benefit from the Tendermint consensus, any blockchain that has connected to Cosmos will be viable.
Over time, Cosmos has grown by rapidly connecting more blockchains that provide a wide array of services and unique assets. Between Evmos and Juno, developers will have an interoperable landscape to build and grow rapidly. A major perk to holding ATOM, JUNO or EVMOS is the likelihood for more airdrops. Users have already received thousands of dollars in free tokens from a variety of projects. In fact, one of the main reasons to hold ATOM is the constant airdrops that are provided.
CosmWasm
What separates Juno from Evmos is the Cosmwasm. CM allows multiple coding languages to run securely on Cosmos. When a developer builds on a blockchain, this software developer kit allows multiple languages to be coded simultaneously, saving hours of time. This also allows developers to focus on the coding languages they excel at. This process also allows developers to update code within transactions, avoiding the time consuming blockchain restarts [1] .
The inherent nature of CM allows developers to have confidence that their code is being protected by the developer kit. The main language for CM is rust, a very popular coding language. CM essentially allows developers to code using rust, and then expands the language to a variety of chains using the already established tools that Cosmos provides. Cosmos is known for security, speed, and efficiency.
Token Economics
The Juno token was airdropped in what is known as a fairdrop. This means no venture capitalist firms, no seed rounds or private investment rounds. The majority of the tokens were given to people who staked the ATOM token. There was also a whalecap which prevented large ATOM holders from receiving too many tokens with a cap of 50k per wallet address. The team rewards will be vested over 12 years which should prevent massive token dumps during this bear market.
These tokenomics are favorable since they prevent manipulation at the launch of the token. Certainly, manipulation can happen after the fact, but only if certain whale holders decide to accumulate over a long period of time. Juno has a capped supply that will reach fruition in 12 years time. The inflation rate of the token highly incentivizes early staking with a rate of 40% with maximum stakers present. This inflation is halved for the following two years, with a steady decline over the next 10 years.
Juno remains one of the main tokens to hold within the Cosmos ecosystem if you are looking ot maximize airdrops. Remember, be careful when purchasing altcoins they are high risk, and usually very volatile. Never allocate too much to a single altcoin. Between ATOM, Evmos, and Juno, most major airdrops are covered. You can even benefit from the same token airdrop on all three chains in some instances, we sure have. Please remember none of this is financial advice, stay safe out there!
