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BTC $62,938.69 -0.03%
ETH $1,878.74 +0.06%
BNB $606.41 -0.69%
XRP $0.9991 -0.24%
SOL $75.22 +0.06%
TRX $0.3315 +0.24%
DOGE $0.0697 -0.27%
ADA $0.1769 -0.91%
BCH $203.72 -0.43%
LINK $9.42 +1.33%
HYPE $57.37 +2.43%
AAVE $86.19 -0.67%
SUI $0.6761 -0.78%
XLM $0.1569 -0.63%
ZEC $485.87 -0.99%

The Developer Reward Agreement Archway has been launched on the Cosmos mainnet

2023-07-03 21:09:40

ChainCatcher news, Phi Labs' Archway has launched on the Cosmos mainnet, and Archway will provide automatic rewards for decentralized application developers on the network. 25% of the Archway tokens are allocated to application developers, while the remaining 75% are allocated to validators.

Griffin Anderson, co-founder of Archway, stated that developers building on top will have a primary stake in the underlying protocol, similar to how validators and miners earn rewards by validating the network. (source link)

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