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Coin Home / GNO - New Revolution Smart Contract Language
« on: March 28, 2023, 08:24:08 AM »What is Gno.Land?
Gno.land is platform to write smart contracts in Gnolang (Gno). Using an interpreted version of the general-purpose programming language Golang (Go), developers can write smart contracts and other blockchain apps without having to learn a language that’s exclusive to a single ecosystem. Web2 developers can easily contribute to web3 and start building a more transparent accountable world.
The Gno transaction token GNOT and the contributor memberships power the platform, which runs on a variation of Proof of Stake. Proof of Contribution rewards contributors from technical and non-technical backgrounds, fairly and for life with GNOT. This consensus mechanism also achieves higher security with fewer validators, optimizing resources for a greener, more sustainable, and enduring blockchain ecosystem.
Any blockchain using Gnolang achieves succinctness, composability, expressivity, and completeness not found in any other smart contract platform. By observing a minimal structure, the design can endure over time and challenge the regime of information censorship we’re living in today.
Gnoland tokenomics
The primary token of Gnoland is the $GNOT (Gno token), often used with the ugnot unit on-chain. The token first use case will be to pay the transaction fees and reward validators.
As Gnoland is still in testnet, the token is not live yet, but there is already some token distribution inside the genesis of the new test2 testnet. Token distribution is still in progress and might be subject to changes until mainnet launch.
Another token, called $GNOSH (Gno shares), will be used to reward the contributors with a mechanism called Proof of Contribution that is still being defined. $GNOSH will be earned through bounties and distributed to contributors. The transaction fees will be distributed between the validators and $GNOSH holders. The more $GNOSH you earn, the bigger your proportion is inside the contributor pool. While the contributors won't lose $GNOSH, they will be diluted every time new $GNOSH is distributed.
Initial distribution
A fixed volume of 1 billion $GNOT is emitted at genesis.
The proposed distribution is the following:
- 750 million $GNOT distributed through airdrops for $ATOM holders and stakers on 05/20/2022 (see snapshot here). A larger ratio will be given to those who voted NO and NO WITH VETO on Cosmos Hub Proposal #69 and YES (see Peace Declaration) in different proportions.
- 100 million $GNOT will be attributed between New Tendermint Inc. and Jae Kwon; the repartition is expected to be communicated publicly.
- 100 million $GNOT will be given to the Core Mission DAO, which will manage the community efforts and ecosystem around the project. This DAO is yet to be defined.
- 50 million $GNOT will be distributed to early GitHub and ecosystem contributors. In this amount, 10k were attributed to test1 testnet, 100k to test2, 2M between faucet0 and faucet1.
Discuss with the community
- Discord: https://discord.com/invite/3YbdqVP8Tb
- Telegram: https://t.me/gnoland
- Twitter: https://twitter.com/_gnoland
- Github: https://github.com/gnolang/gno
- Onboard: https://test3.gno.land/