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50 million $GNOT will be distributed to early GitHub and ecosystem contributors. In this amount, 10k were attributed to test1 testnet, 100k to test2, 2M between faucet0 and faucet1.
This project started with a fork of Tendermint, which you can find here. Jae Kwon is now CEO of NewTendermint Inc. which takes the name from the former Tendermint project, now called Ignite.
The goal of New Tendermint is to create a simpler version of the Tendermint framework, and use Gno as the toolbox for new Cosmos projects.
This is still early stage and we should expect a lot of new communication in the future.
So it is a great chance for us.
The point of the governance token is to be staked on the Network for the security of the blockchain. What’s ironic about a single token model is that the more traction a blockchain gets, the more tokens are likely to get unstaked to be used as gas fees, which leads to a decrease of the security of the Network. Having a dual token model addresses this issue.
A fixed-constant-inflationary fee token that’s solely dedicated to fueling the contracts of the blockchain will allow users to hold the token in a wallet for future usages without worrying about the value of tokens getting inflated away.
50 million $GNOT will be distributed to early GitHub and ecosystem contributors. In this amount, 10k were attributed to test1 testnet, 100k to test2, 2M between faucet0 and faucet1.
This project started with a fork of Tendermint, which you can find here. Jae Kwon is now CEO of NewTendermint Inc. which takes the name from the former Tendermint project, now called Ignite.
The goal of New Tendermint is to create a simpler version of the Tendermint framework, and use Gno as the toolbox for new Cosmos projects.
This is still early stage and we should expect a lot of new communication in the future.
So it is a great chance for us.
The point of the governance token is to be staked on the Network for the security of the blockchain. What’s ironic about a single token model is that the more traction a blockchain gets, the more tokens are likely to get unstaked to be used as gas fees, which leads to a decrease of the security of the Network. Having a dual token model addresses this issue.
A fixed-constant-inflationary fee token that’s solely dedicated to fueling the contracts of the blockchain will allow users to hold the token in a wallet for future usages without worrying about the value of tokens getting inflated away.
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