JUNOPrice

(JUNO)

Proposal 16 is a landmark event in blockchain governance history. In 2022, the JUNO community voted to "claw back" millions of tokens from a large holder who allegedly manipulated the genesis airdrop by splitting assets across multiple wallets to bypass limits. The community successfully voted to move these tokens to a community-controlled address. This was the first major instance of a decentralized network using its "social layer" to effectively confiscate funds, sparking global debates regarding the balance between decentralized governance and private property rights.

Staking JUNO secures the network and grants users voting rights. The unbonding period is 28 days, during which tokens remain locked and do not earn rewards. The network follows a deflationary model where inflation decreases over time through periodic halvings. Staking rewards typically range between 15% and 30%, depending on the total volume of tokens staked across the network. To participate, users can utilize the LBank exchange or other compatible non-custodial ecosystem wallets to manage their assets and earn rewards.

To interact with the Juno Network, users should use secure, non-custodial wallets compatible with the Inter-Blockchain Communication (IBC) protocol. These tools allow holders to manage their assets, delegate tokens to validators, and participate in active governance votes. For trading and simplified management, JUNO is available on LBank. For on-chain voting, users typically interact with specialized governance interfaces that allow for transparent, community-led decision-making regarding the network's future.

JUNO is the native utility token used for transaction fees (gas), network security through staking, and governance. While other chains like the Cosmos Hub focus on routing and shared security, Juno is a specialized Layer-1 smart contract platform. It utilizes CosmWasm, which allows developers to create decentralized applications (dApps) using the Rust programming language. This makes Juno a developer-centric hub for high-performance interoperable smart contracts within the broader ecosystem.

Yes, JUNO is active and currently undergoing a significant revival. Following internal shifts, a new core development team known as Kintsugi Tech was appointed via community vote. The 2025 roadmap focuses on advanced technological integrations, including Account Abstraction and AI agent functionality. Efforts are also being made to increase liquidity across various decentralized trading platforms to ensure a healthy and sustainable environment for both developers and long-term token holders.

No, they are entirely separate. A common source of confusion is the fintech company once known as OnJuno, which provided crypto-friendly banking services. That fintech entity is a private company and is not affiliated with the JUNO blockchain. While the fintech app announced it would be shutting down its services by late 2025, this has no impact on the JUNO Layer-1 blockchain, its technology, or its governance. Users should ensure they are looking at the decentralized network when researching JUNO.