FAQ

How does the integration of Web3 and dApp technologies increase the functionality of the Juna ecosystem for participants?

We use dApp to scale services and flexibly expand functions, including as a showcase in a mobile application. As for Web3, we have not thought about it yet, and are ready to consider any proposal.

Can you explain the role of smart contracts in the Juna ecosystem and how they facilitate various transactions?

Smart contracts in the ecosystem have several types:

• defining the properties and behavior of the monetary system, token and their management

• service, providing service maintenance, API operation, network monitoring and scanning, payment for transactions

• business logic, implements (along with API) economic interactions of participants and functions of application services

What mechanisms are used in the Juna ecosystem to balance inflationary and deflationary factors in relation to the Juna token?

We have developed a rather complex system that regulates the emission, distribution of tokens between internal funds and unfreezing of founders' tokens. The principle is based on measuring the intensity of economic activity in the system. However, unlike real financial systems, we do not have a tax and customs service, an employment statistics bureau and other feedback mechanisms. Therefore, the final adjustment of macro parameters (refinancing rates, borrowing, reservation, adequacy of bank capital, etc.) is carried out by voting by a special body - the Board of Governors of the Reserve System, which in the target state will include system participants who are obviously interested in the stability and growth of the economy, and not interested in fraud and a decrease in trust (some are founders, some are banks, some are experts chosen by the community, some are nodes that ensure the passage of inter-network transactions).

How does Juna's approach to banking structures and credit management differ from traditional financial institutions?

Our goal for banking within the ecosystem is not only retail or speculative lending, but first and foremost the creation of investment banks to support long-term projects and business activity of participants. We tried to take the best of banking regulation, simplify it and apply it to the June ecosystem. The principles of the Basel-2 system were used as a basis. This allows us to give banks their original economic meaning - multiplying capital and leverage for business and economic activity in the economy, as well as protecting the bank and its client from mutual fraud. With the increase in economic activity in the monetary system, the requirements of banking regulation will be softened by changing rates and thresholds, proportionally to the reduction of banking risks, which, according to our plan, should bring the key rate to the level of 2.5%. This, in turn, will stimulate long-term projects and investment activity of users who will take loans to replenish working capital and for capital investments. In case of deflationary tendencies, the rate will reduce, stimulating users to invest, and increasing the available money supply. These are some examples of how the mechanics work.

What are the implications of Juna's decentralized approach for participants seeking arbitration or legal assistance in the ecosystem?

We do not want to create a new jurisdiction with a power apparatus and supreme arbitration, we want to delegate this to user communities. As a basic mechanic, we propose the concept of Legal Gateways, outlined in the White Paper and in other questions

What is the main purpose of the Juna token in the Juna ecosystem and how does it differ from typical cryptocurrencies?

Token purpose:

The role of the token is a stable means of payment and accumulation. We do not want its stability or value to depend on the associated monetary liquidity denominated in another fiat or digital currency. We want to create a system in which significant token price stability depends on the volume of traded products and services in the ecosystem (as in a healthy real economy). To achieve this state, it is necessary to gradually increase the number of actors in the system and the range of products and services that are traded between them. Token price stability is important for long-term transactions, savings and investments, so the concept involves a special monetary system that manages inflation, borrowing rates and the money supply. One can draw a distant analogy with the US Federal Reserve or central banking systems.

Also, Juna’s token is a carrier of interaction; it participates in trading operations (including between different networks). Also, Jun's token is a voting token on important issues of ecosystem development.

Additional properties of the Juna token (in a broad sense) are, in our opinion, an attempt to determine its value not through comparison with external tickers (dollar, bitcoin, etc.), but through the balance of supply and demand of goods and services within the Juna ecosystem, with additional adjustment using the monetary system. In a sense, the value should be measured by its internal purchasing power, denominated in the physical measurement of services and goods, which will resemble the well-known economic formula “commodity-money-commodity” at the first stage. In the target state, the Juna token should become an analogue of the reserve currency - the basic measure of the value of things and actions within the ecosystem.

In terms of basic properties, the Juna token can work like any other ERC20 token.

What is the role of a token in the ecosystem? Where can users buy it currently and what will be its benefits?

The role of the token is a stable means of payment and accumulation. We do not want its stability or value to depend on the associated monetary liquidity denominated in another fiat or digital currency. We want to create a system in which significant token price stability depends on the volume of traded products and services in the ecosystem (as in a healthy real economy). To achieve this state, it is necessary to gradually increase the number of actors in the system and the range of products and services that are traded between them. Token price stability is important for long-term transactions, savings and investments, so the concept involves a special monetary system that manages inflation, borrowing rates and the money supply. One can draw a distant analogy with the US Federal Reserve or central banking systems.

Also, Juna’s token is a carrier of interaction; it participates in trading operations (including between different networks). Also, June's token is a voting token on important issues of ecosystem development.

How does the Juna ecosystem handle legal compliance and jurisdictional differences among its members?

This is a great question, and we're keeping the answer simple on purpose. There's an entity in the ecosystem called LegalGate. Any member can take on these functions, but the other members will determine the reputation of that LG. LG is conceived as a gateway between virtual and real jurisdictions, and it (or they) can be included in any contract to perform the following work:

• arbitration of disputes between parties to the transaction

• transfer of information between the real and virtual worlds (Oracle)

• performing in the real world actions that are required in a specific jurisdiction to implement the contract in which LG participates

In our vision, LG can be a classic notary office or a freelance lawyer who confirms the business transactions of the parties (delivery of goods, obtaining registration, the existence of property rights, the absence of debts and bankruptcy), performs offline actions on behalf of the participants (submits reports, interacts with government agencies, represents interests in court), and also warns the parties against actions that violate the rules of the jurisdictions where they operate.

In our concept, there is a “zero” jurisdiction, where any action can technically be performed, but then there is a Legal Gateway layer that communicates with the selected jurisdiction, be it the US, UAE, Chile or Mars Republic.

What opportunities does the Juna ecosystem offer to participants interested in trading goods and services or holding auctions?

We propose to use the Juna token and monetary system as a means and environment for trading operations. The ecosystem services include the option of conducting a simple p2p transaction, a transaction with an independent arbitrator, and a marketplace service to bring together a seller and a buyer. We are not intentionally going to reinvent eBay and Amazon, these services are created to demonstrate the possibilities and implement basic functions. Anyone, using the API, documentation and our support, can develop a digital store, auction or agency to their liking.

How does Juna ensure the security and integrity of transactions in its ecosystem, especially in terms of preventing fraud or counterfeiting?

All economic transactions and operations are carried out through the blockchain and signed by the user. In this sense, security and integrity depend on the user. The user can choose the level of security - from complex and anonymous (using a crypto wallet) to simple, using a login password link and / or external KYC and AML services. When transferring tokens between different networks, validation is performed by decentralized nodes, ensuring that tokens are frozen / unfrozen in one network and issued / burned in another.

Do you have an AUDIT certificate? Or are you working on an AUDIT of your project to make it safer and more reliable?

We plan to conduct an audit after the final formation of the appearance of the June ecosystem, after receiving the opinions and wishes of the community.

Most users only care about short-term benefits rather than the real long-term value of the project. How can your project convince users to invest in your platform in the long term?

The value of any thing is largely determined by faith and trust in it. The dollar, gold, stocks, bitcoin have their value for this reason. We want to attract participants and partners by communicating our concept, mechanics and finding supporters. We are absolutely sure that there are at least another billion people on the planet who need to be helped to become active participants in the global economy and market by removing barriers, providing assistance and lowering the entry threshold.

What is unique about the project that has not yet been discovered? What influence do we have in the crypto industry?

You are right, there is no uniqueness, except that no one has done this. Individually, all project ideas exist in the real or digital world. We use the crypto industry and blockchain technology just as a tool to create an additional layer of economy on top of/instead of the existing one. Imagine that you have landed on a new planet and you need to create a new system of exchange, trade, accumulation, development and creating the well-being of people in the new world. We approach the project from this point of view.