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BTC $62,940.52 -0.04%
ETH $1,878.75 -0.01%
BNB $606.04 -0.83%
XRP $0.9995 -0.23%
SOL $75.20 -0.01%
TRX $0.3311 -0.23%
DOGE $0.0697 -0.35%
ADA $0.1765 -1.30%
BCH $203.56 -0.40%
LINK $9.39 +0.67%
HYPE $57.35 +2.49%
AAVE $85.81 -1.45%
SUI $0.6768 -0.80%
XLM $0.1567 -0.88%
ZEC $485.80 -0.59%

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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