Agoric, a JavaScript-native smart contract platform, announced the launch of its public chain, which comes a month after the company completed a $32 million private token sale.
Agoric says its proof-of-stake chain with JavaScript smart contracts offers developers a secure and reliable cross-chain ecosystem for building and deploying decentralized finance (DeFi) applications. The development environment provides reusable governance, lending and trading components.
Token sale
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.
“Smart contracts on open data layers create the foundation for a system reboot of finance, technology and digital life. Led by a team of esteemed pioneers in smart contract technology, Agoric is building a protocol that will bring the JavaScript developer community – the world’s largest developer community – into the fold of the metaverse movement,” said Placeholder co-founder and Partner Chris Burniske in the release.
Agoric’s public mainnet went live on Nov. 1, kicking off the multipart mainnet rollout. Phase 0 involves governance setup and building out the community of BLD token holders. Phase 1 will include launching the JavaScript platform and the RUN protocol and token, a local stablecoin pegged to the U.S. dollar. Tribble told CoinDesk that Phase 1 is expected to roll out at the end of the year or early 2022.
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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