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Can Juno (JUNO) crypto’s new website boost its DApps, smart contracts?

3 min read | March 09, 2022 03:03 AM IST | By Versha Jain
Can Juno (JUNO) crypto’s new website boost its DApps, smart contracts?
Image source: Shutterstock.com

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Highlights

  • Juno is an open-source, public blockchain in the Cosmos ecosystem.
  • Juno’s new website went live on Tuesday.
  • The total supply of JUNO is 70,424,332.

The Juno (JUNO) crypto’s new website launch on Tuesday was marred by technical glitches, leading to a drop in its price, according to news reports.

The JUNO coin was down 2.02% to US$41.65 at 1:21 pm ET on Tuesday. 

So, what is Juno?

Juno is an open-source platform or a public blockchain in the Cosmos ecosystem for interoperable smart contracts. The platform automatically executes, controls, and documents a procedure for the events and actions as per the terms of the smart contracts. 

The network is a decentralized, permissionless, censorship-resistant avenue where developers can securely launch smart contracts and compile them in different languages. 

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Juno was created by a group of developers, validators, and delegators in the Cosmos system. This community-driven initiative is to create a world-class permission-less, designated smart contract network, remove common smart contract bottlenecks, such as non-operability, high fees, and lower scalability, and develop and adopt CosmWasm.

Juno has not carried out any seed sale, private or public, for its coins and does not intend to do so in the future. All its circulation is done through the decentralized network launched in 2021.

Also Read: Why is Friends with Benefits (FWB) crypto rising?

(Juno (JUNO) crypto’s new website went live, did you like it?)

Data Source: Coinmarketcap.com

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What is Cosmos Ecosystem?

Cosmos is a blockchain ecosystem where different blockchains can scale and interoperate.

The new website features JUNO’s DApps, contracts, and tools. JUNO has communities on Discord, Github, Telegram, and Twitter. It has more than 50,000 followers on Twitter. 

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The coin’s current market capitalization is US$1.86 billion. Its self-reported circulating supply is 44,979,247.11. The maximum and total supply are 185,562,268 and 70,424,332 JUNOs, respectively. JUNO can be purchased from Osmosis and Sifchain exchanges.

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Bottomline

The crypto market is volatile. Besides, the lack of regulatory oversight makes it prone to scams and other frauds. Investors should exercise due diligence while investing in digital assets. 

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