The first phase of Agoric’s launch introduces the BLD (build) staking token and the Agoric chain built using the Cosmos software development kit (SDK). BLD supports staking, governance and decentralization. The token is backed by Kepir, a browser extension wallet for the inter-blockchain ecosystem, which will also provide governance and staking services for the Agoric blockchain.
Tribble previously worked as a principal architect at Microsoft. Agoric Chief Scientist Mark Miller was a Google research scientist and wrote Agoric Open Systems Papers back in 1988. The papers provided an early outline of software creating and participating in markets.
The private token sale saw participation from early investors including MetaStable, Polychain, Rockaway and Gumi Ventures. Additional backers included Placeholder, DAO Maker and Figment, among others. The sale will help fuel Agoric’s next stage of growth, including scaling the ecosystem and developer programs, the company said.
Phase 3 will follow and add permissionless smart contracts where any developer can deploy onto the Agoric public chain without preapproval.
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