Cosmos ecosystem welcomes a new member named Agoric. With the launch on the most prestigious launchpad today, Coinlist, this promises to be a very potential project. Agoric is an open source proof-of-stake chain based on JavaScript.
Agoric allows developers to build decentralized applications using Javascript smart contracts, in addition, Agoric also provides a set of Frameworks for developers. The Agoric VM provides a secure JavaScript runtime, implements ocap, and allows code reuse. The Agoric VM will be built on top of the Tendermint consensus mechanism.
Highlights of Agoric
Open ecosystem: Agoric has up to 2 native tokens, BLD and RUN.
BLD is used for staking, network security, and governance.
RUN will be seen as a token that keeps value stable in the chain, serving mainly for in-system transaction fees (gas) and executing smart contracts on-chain and supporting cross-chain transactions. Their common purpose is to ensure security and increase the scalability of the ecosystem.
Develop dApps quickly with Smart Contracts: Agoric allows developers to build and deploy DeFi dApps conveniently and easily (e.g. DEX, OTC desk and NFT Marketplace,…) resources of the dev team, and prevent hacks from occurring in the system.
Agoric sale on Coinlist will take place on Dec 29 at 18:00 UTC