Forwarded from CocoInside World News
The Evmos Token Model
The EVM is coming to Cosmos, and along with it is bringing battle-tested smart contracts, a brand new native token, and a glimpse into how the L1 networks of the future can evolve to distribute value more equitably across the stack rather than trying to capture it.
https://evmos.blog/the-evmos-token-model-edc07014978b
The EVM is coming to Cosmos, and along with it is bringing battle-tested smart contracts, a brand new native token, and a glimpse into how the L1 networks of the future can evolve to distribute value more equitably across the stack rather than trying to capture it.
https://evmos.blog/the-evmos-token-model-edc07014978b
$STARS Token Distribution and Airdrop
The distribution of STARS is designed to front-load inflation in order to bootstrap the network. This is a similar issuance schedule to Bitcoin. However, instead of halvings, issuance will be cut by 1/3 each year (by multiplying the current issuance by a reduction factor of 2/3). Osmosis was the first protocol to use a “thirding” token release schedule and heavily inspired Stargaze’s design.
Stargaze will start with an initial supply of 1 billion STARS. An additional 1 billion STARS will be issued the first year. With this "thirding" schedule, the issuance for the following year will be ~667M STARS. This infinite sequence is a geometric series which leads to a fixed asymptotic max supply of 4 billion STARS.
Stargaze starts off decentralized on day one with a genesis supply that distributes the majority of the tokens to community members. The Foundation will hold a strategic reserve of tokens, and will drive adoption of the protocol by delegating to validators, onboarding creators, and providing grants for ecosystem development.
After 5 years, the initial distribution is only 27.6% of the entire token supply. This issuance schedule allows Stargaze to grow and adapt its ownership to new creators, curators, validators, delegators, and other stakeholders.
The Airdrop
- ATOM stakers
- OSMO stakers or liquidity providers
- Stargaze validator stakers on Cosmos Hub
- Stargaze validator stakers on Osmosis
- Stargaze validator stakers on Regen Network
Some minimums were put in place to prevent dust accounts and those attempting to game airdrops:
- ATOM staker: 5 ATOM minimum staked
- OSMO staker: 50 OSMO minimum staked
👉 And More
The distribution of STARS is designed to front-load inflation in order to bootstrap the network. This is a similar issuance schedule to Bitcoin. However, instead of halvings, issuance will be cut by 1/3 each year (by multiplying the current issuance by a reduction factor of 2/3). Osmosis was the first protocol to use a “thirding” token release schedule and heavily inspired Stargaze’s design.
Stargaze will start with an initial supply of 1 billion STARS. An additional 1 billion STARS will be issued the first year. With this "thirding" schedule, the issuance for the following year will be ~667M STARS. This infinite sequence is a geometric series which leads to a fixed asymptotic max supply of 4 billion STARS.
Stargaze starts off decentralized on day one with a genesis supply that distributes the majority of the tokens to community members. The Foundation will hold a strategic reserve of tokens, and will drive adoption of the protocol by delegating to validators, onboarding creators, and providing grants for ecosystem development.
After 5 years, the initial distribution is only 27.6% of the entire token supply. This issuance schedule allows Stargaze to grow and adapt its ownership to new creators, curators, validators, delegators, and other stakeholders.
The Airdrop
- ATOM stakers
- OSMO stakers or liquidity providers
- Stargaze validator stakers on Cosmos Hub
- Stargaze validator stakers on Osmosis
- Stargaze validator stakers on Regen Network
Some minimums were put in place to prevent dust accounts and those attempting to game airdrops:
- ATOM staker: 5 ATOM minimum staked
- OSMO staker: 50 OSMO minimum staked
👉 And More
LIKECOIN, Airdrop will be live shortly after the passing of proposal 30
🎁The ONLY place to check/claim airdrop is via
👉 HERE
🎁The ONLY place to check/claim airdrop is via
👉 HERE
🧪 Osmosis Weekly Updates
📅 09.01-16.01
https://twitter.com/CosmosEcosystem/status/1482798211244847107?s=20
📅 09.01-16.01
https://twitter.com/CosmosEcosystem/status/1482798211244847107?s=20
Terra | Onchain Data Update
$UST supply - 10.7 billion
$LUNA Price - $83
TVL - $18.79 billion
Staking Ratio - 37.8%
Total wallet - 3.4 million
#Terra https://t.co/lnx4zoJ46O
$UST supply - 10.7 billion
$LUNA Price - $83
TVL - $18.79 billion
Staking Ratio - 37.8%
Total wallet - 3.4 million
#Terra https://t.co/lnx4zoJ46O
Airdrop claim site is now live 🚀:
https://t.co/9JvEaURWJZ
The airdrop is worth $150M at current prices. How's that for community ownership?
Claiming begins at 1700 UTC (12pm ET), right after the governance proposal to enable it passes: https://t.co/QedMXHayrS.
$STARS #AdAstra https://t.co/0b9yXYWdsy
https://t.co/9JvEaURWJZ
The airdrop is worth $150M at current prices. How's that for community ownership?
Claiming begins at 1700 UTC (12pm ET), right after the governance proposal to enable it passes: https://t.co/QedMXHayrS.
$STARS #AdAstra https://t.co/0b9yXYWdsy
👍1🔥1🤩1
The first Keplr native integrations of 2022:
@axelarcore - Desktop & Mobile
@JunoNetwork - Desktop & Mobile
@StargazeZone - Desktop & Mobile
(Mobile access pending app store review...)
https://twitter.com/keplrwallet/status/1483023807938011136?t=7VbNzkG_Ir7nv-ejAt6fGw&s=19
@axelarcore - Desktop & Mobile
@JunoNetwork - Desktop & Mobile
@StargazeZone - Desktop & Mobile
(Mobile access pending app store review...)
https://twitter.com/keplrwallet/status/1483023807938011136?t=7VbNzkG_Ir7nv-ejAt6fGw&s=19
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From. Cøco
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