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ETH $2,514.96 +1.76%
BNB $754.59 -0.22%
XRP $1.44 +4.13%
SOL $104.76 +2.04%
TRX $0.3393 +0.38%
DOGE $0.0908 +2.08%
ADA $0.2222 +2.75%
BCH $259.80 +1.28%
LINK $12.47 -1.39%
HYPE $86.94 +3.55%
AAVE $129.87 -0.61%
SUI $0.8245 +1.26%
XLM $0.1905 +0.66%
ZEC $1,237.94 +10.46%

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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