[PDF]NETA Black Paper
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NETA
Decentralized Store of Value
neta.money
NETA
Decentralized Store of Value
neta.money
What is NETA?
NETA is money on the Juno Network. It‘s sole purpose is to function as
a scarce decentralized store of value asset for the Juno ecosystem and
inter-chain Cosmos at large.
Claimable for free by thousands of Juno delegates at inception.
Never a seed sale, private sale or public sale. Verifiable zero NETA is
held in reserve by any third party ie. developers, teams, founders or
companies. The Juno community owns al NETA in existence.
Distributed widely and fairly via the criteria, listed in the distribution
section.
How & when is NETA distributed ?
Al NETA enter general public circulation between February 1st -
February 28th, 2022.
At the time of the Moneta upgrade (December 15th) a snapshot was
taken of the Juno Network distributed ledger.
The smart contract enabled NETA genesis claim window opens on
February 1st 2022 based on the fol owing criteria designed to mitigate
gaming of the distribution and incentivize loyal network supporters
only:
1. Person delegated at least 25 JUNO on-chain = 1 NETA
2. Person voted on at least 1 on-chain governance proposal = 10 bonus
NETA 3. Person voted on al on-chain governance proposals = 5 bonus
NETA 4. Person delegated to at least 1 validator outside the top 20 = 0.2
bonus NETA neta.money
Starting February 1st NETA is claimable.
Unclaimed NETA wil hard-decay on day 28. Meaning al unclaimed
NETA wil automatical y permanently burn on February 28th 2022.
neta.money
NETA
Decentralized Store of Value
neta.money
What is NETA?
NETA is money on the Juno Network. It‘s sole purpose is to function as a scarce
decentralized store of value asset for the Juno ecosystem and inter-chain Cosmos at large.
Claimable for free by thousands of Juno delegates at inception.
Never a seed sale, private sale or public sale. Verifiable zero NETA is held in reserve by any
third party ie. developers, teams, founders or companies. The Juno community owns all
NETA in existence. Distributed widely and fairly via the criteria, listed in the distribution
section.
How & when is NETA distributed ?
All NETA enter general public circulation between February 1° - February 28t, 2022.
At the time of the Moneta upgrade (December 15t) a snapshot was taken of the Juno
Network distributed ledger.
The smart contract enabled NETA genesis claim window opens on February 1* 2022 based
on the following criteria designed to mitigate gaming of the distribution and incentivize
loyal network supporters only:
1. Person delegated at least 25 JUNO on-chain = 1 NETA
2. Person voted on at least 1 on-chain governance proposal = 10 bonus NETA
3. Person voted on all on-chain governance proposals = 5 bonus NETA
4. Person delegated to at least 1 validator outside the top 20 = 0.2 bonus NETA
neta.money
Starting February 1% NETA is claimable.
Unclaimed NETA will hard-decay on day 28. Meaning all unclaimed NETA will automatically
permanently burn on February 28" 2022.
neta.money