Interoperable Concurrent Smart Contracts that scale by utilizing #gnolang on #cosmos
Updated: August 27th, 2022:
The primary token of Gnoland is the $GNOT (Gno token), often used with the
ugnot unit on-chain. The token first use case will be to pay the transaction fees and reward validators.
As Gnoland is still in testnet, the token is not live yet, but there is already some token distribution inside the genesis of the new test2 testnet. Token distribution is still in progress and might be subject to changes until mainnet launch.
Another token, called $GNOSH (Gno shares), will be used to reward the contributors with a mechanism called Proof of Contribution that is still being defined. $GNOSH will be earned through bounties and distributed to contributors. The transaction fees will be distributed between the validators and $GNOSH holders. The more $GNOSH you earn, the bigger your proportion is inside the contributor pool. While the contributors won't lose $GNOSH, they will be diluted every time new $GNOSH is distributed.
A fixed volume of 1 billion $GNOT is emitted at genesis.
The proposed distribution is the following:
There is no listing price announced yet.
$GNOT airdrop was distributed to the same addresses than the Cosmos Hub one (ex: cosmos1xxxx airdrop distribution is on the g1xxxx address), using the same seed you can derive the private keys of your gno wallet to start using your $GNOT.
You should never communicate your seed phrase to check your airdrop eligibility! It is currently highly recommended to not import your seed phrase on existing web browser Gnoland wallets, as most of them are still unaudited and closed source.
Source: Gnoland tokenomics
Updated: May 11th, 2022:
Source tweet from Jae Kwon:
Just another reminder to vote NO WITH VETO on proposition 69. Independence day snapshot is at 5/20/2022, at 8am PDT. Get your nodes ready! // Also, do not leave your coins in centralized exchanges! @_gnoland #GNOLAND
— Jae Kwon, KwanJe East, IBCZeus 🧙♂️ (@jaekwon) May 11, 2022
Updated: April 29th, 2022:
May 19th, 2022. (was July 4th, 2022).
Independence Day is coming sooner this year.https://t.co/GOsz0Fypei
— Jae Kwon, KwanJe East, IBCZeus (@jaekwon) April 29, 2022