Supernova is a Cosmos Zone that allows any project to build an engaged community from day one.
On Supernova, any project can perform a decentralized lockdrop. Anyone interested in the project can participate in the lockdrop using Supernova tokens.
Anyone with an economic stake in the blockchain ecosystem should be able to obtain Supernova tokens.
To begin the process, we're distributing 30% of Supernova tokens to BTC, ETH, and ATOM holders in a six-month lockdrop.
Running a lockdrop on Supernova will seed a network with a wide community of participants, aligned and motivated to help it succeed
Projects looking for publicity can apply for Stardust Live, the Supernova zone's game show, to meet top blockchain founders and builders
The more participants are involved, the more valuable Supernova's community becomes. Other coins like BNB and HNS to come
Supernova will run on battle-tested software, using a consensus mechanism that powers many of the highest market-cap chains
Supernova will be launched via a lockdrop, a modified airdrop where participants timelock ATOM, BTC, or ETH to receive the Supernova token, DUST.
Lockdroppers will be required to timelock the token(s) of their choice for 6 months. Participants will get 100% of their BTC, ETH, and/or ATOM back after the duration of the lock.
The target start date for the lockdrop is Q1 2020. Please stay tuned for future announcements via email and other channels.
A lockdrop is an event where coinholders on one network timelock their tokens for a fixed time period, demonstrating their interest in participating in the new network. In the Supernova lockdrop, multiple tokens (ATOM, BTC, and ETH) will be locked for 6 months to obtain DUST.
Participants may start their lock at any time during the 6-month period the Supernova lockdrop is open. Because all coins are locked for 6 months, earlier lockers will have their coins unlock first.
When the lockdrop closes, the participating balances of each coin will be tallied up, and DUST will be distributed proportionately. For example, $1000 of BTC will correspond to the same amount of DUST as $1000 of ATOM.
Many reasons! For example, to become a part of the Supernova community, to earn fees as a validator, and to obtain future tokens from lockdrops that are done on the Supernova chain.
The Supernova lockdrop contracts are available here. The ETH lockdrop contract was previously audited by Quantstamp, and was used in the Edgeware lockdrop.
The BTC and ETH locking procedures will also undergo further auditing and/or formal verification.
Since the Cosmos Hub does not support locking of tokens, any ATOM holder with ATOMs bonded will be considered locked on Supernova. ETH holders who locked on Edgeware will also be recognized as participants, although ETH holders who signaled on Edgeware will not be recognized.
Supernova is a Cosmos Zone, built using the Cosmos SDK, that is dedicated to performing lockdrops for BTC, ETH and ATOM holders, and eventually other tokenholders who are awarded DUST as well. As IBC is built, Supernova will also be bridged to other zones and chains.
To serve as a single focal point for lockdrop activity. Think of Supernova as a well that the villagers go to to obtain water, except in this case, the water is a metaphor for new digital currencies.
Supernova acts like a bridge between the existing communities of token holders and newly launching projects by creating a critical mass of community members interested in these projects.
Any project can choose to allocate a portion of their tokens to a Supernova airdrop or lockdrop, optionally with a vesting schedule. Then, DUST holders can lock their tokens to receive an allocation in the new chain. We'll provide software for verifying the final distribution.
Supernova will use off-chain governance, where anyone can create an account and vote on proposals through the Commonwealth interface.
For new projects (Supernova clients) to seed their communities, Supernova implements all the requisite functionalities to do dynamic decentralized airdrops. For other Cosmos SDK chains, this process for coordinating with the Supernova chain, itself a Cosmos SDK chain, is frictionless. To allow for this flexibility, Supernova is built on top of the Cosmos SDK. By building on top of the SDK, Supernova gets two things—the ability to connect to other chains via the Cosmos Hub, as well as the ability to build on top of an growing ecosystem of modules.
DUST is the native token of the Supernova blockchain. It can be 'mined' by participating in the initial lockdrop, or subsequently by staking to obtain more DUST.
There is a static supply of DUST of 21 million in existence and validators will “mine” DUST into circulation. The amount of DUST mined each block will undergo a halving every 4 years, so DUST will be a deflationary asset, whose supply curve mimics that of Bitcoin’s.
50% of the chain will be mined throughout the lifetime of the chain, following a token supply similar to Bitcoin, with inflation being halved every 4 years. At launch, 30% of the token will be distributed in a lockdrop and an additional 10% to be allocated to each All in Bits and Commonwealth Labs.
DUST, at the genesis of Supernova zone, will be allocated to all ETH, BTC, and ATOM lockers. The other 50% of DUST will need to be “mined” at a rate of (Bitcoin’s mechanism). Or earned in other manners by participating in the Supernova community. BTC and ETH participate by timelocking their token, while ATOM holders are able to also validate while they earn DUST.
For ATOM lockers to be able to participate in the initial DUST distribution, they must fulfill some requirements. First, one must either be bonded as a validator or delegator for the duration of the six month lock period. Second, one must submit a bond or delegate transaction that includes specific script within the includes a 'minimum' lock amount in the memo field. These will be taken into account as the genesis.json.
For the purpose of the DUST initial distribution, Edgeware lock participants will be able to claim DUST token. Please note, to do so, they must create a Supernova address and add their specified address to the new DUST lockdrop contract by signing a message on the DUST lockdrop contract through the Commonwealth UI. Note, only Edgeware lockers not signalers will be able to claim DUST token through this process.
Validators help provide security on Supernova, since it's a PoS-based chain. Validators also earn fees from both the block reward and transactions. Earned tokens can be used to influence further governance decisions on the network.
Validators interested in participating in maintaining the security of the Supernova network should run Supernova’s initial testnet software. After validating on the testnet, they will be eligible to participate in the initial genesis set of validators.
At network genesis, we expect 200 slots for validators to be available. Slots will go to validators with the most DUST bonded or delegated.
Nothing. The Cosmos thesis is that you don’t need to use a one-size-fits-all security model, but rather, you can pay a much smaller premium in order to transact on a chain that has less at stake than securing critical financial assets.
Supernova is constructed to simply act as an oracle for the value of tokens custodied on their native chains. The utility of the chain increases as more new applications are onboarded onto the zone and start using it to launch new communities, and DUST holders begin to self-organize as their own community.