NETA is a pioneering crypto project that was designed to function as a store of value, medium of exchange, and a unit of account within the Juno ecosystem and inter-chain Cosmos. It represents an asset characterized by scarcity and decentralization, adding tremendously to its appeal. Reflecting the core ethos of true decentralization, NETA was never made available via seed sale, private sale, or public sale, and there are no NETA reserves held by developers, teams, founders, or companies.
About NETA
At its inception, thousands of Juno delegates claimed $NETA for free. This move showcased NETA's commitment to build a community-driven platform where every user plays a significant role right from the get-go. Verifying its claim of full ownership by the Juno community, zero NETA is held in reserve by any third party.
Purpose of NETA
NETA's primary purpose is to serve as a scarce decentralized store of value for the Juno ecosystem and the broader inter-chain Cosmos. It does this while also functioning as a medium of exchange and a unit of account. By doing so, NETA establishes itself as an essential element of the Juno ecosystem infrastructure.
Transparency and Ownership
Emphasizing transparency and equitable ownership, NETA involved no seed sale, private sale, or public sale, and no third parties such as developers, teams, founders or companies hold NETA in reserve. This ensures that the Juno community owns all NETA in existence from day 1, reflecting the true essence of decentralized, community-led crypto projects.
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