Agoric Economy Assets
The Agoric chain features two native tokens: BLD and IST. The BLD token is used for securing the network and governance. It also provides stability for IST, the second asset of the network. IST is a local currency used to pay for goods, services, and execution fees. The IST asset is easily adaptable as payment for DApps built on the blockchain and is the primary mechanism for paying validators. Additionally, IST is what makes it easy for developers to glue DApps together in the Beta Testnet.
Mainnet Launch and Development Phases
In November 2021, Phase 0 of the Agoric mainnet went live. During this phase, early investors and validators set up their BLD tokens on the Agoric chain in order to launch a decentralized public chain. In Phase 1, Agoric will launch the Agoric virtual machine, the RUN token and protocol, vault contracts, and native automated market maker (AMM). In Phase 2, Agoric will allow permissioned smart contracts to be deployed on-chain subject to BLD holder governance. In Phase 3, Agoric will add permissionless smart contracts that any developer can deploy onto the Agoric public chain with no approval process required. All Phases should be complete in 2022 with Phase 3 expected to be complete by Q4 2022.
Governance and Future Developments