JUNO
Crypto Overview
Purpose and Utility
Juno is a smart contract platform within the Cosmos ecosystem that aims to provide a decentralized network for developers to build and deploy decentralized applications (dApps). It operates as a sovereign blockchain using the Cosmos SDK and emphasizes interoperability through the Inter-Blockchain Communication (IBC) protocol.
Business Model and Current Usage
The platform's primary utility comes from its role in supporting smart contract deployment and execution, with JUNO tokens being used for governance, transaction fees, and staking to secure the network. The business model is transparent and focused on providing infrastructure for decentralized applications.
Development and Adoption
The project maintains active development, with regular updates and improvements to the protocol. The ecosystem hosts several decentralized applications, including DEXes and NFT platforms. While adoption is still growing, there is clear evidence of genuine utility and developer activity.
Token Distribution and Governance
JUNO's initial distribution was conducted through a fair drop to ATOM stakers, with no pre-mine for the team. The project implements on-chain governance where token holders can participate in decision-making regarding protocol updates and treasury management.
Crypto Impact
To assign a comfort level investing in JUNO from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to JUNO.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.