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AMD $512.63 -5.15%

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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