The more ATOM staked, the more likely to become a validator node to validate a transaction and earn tokens, though it is also possible to delegate your tokens and receive a portion of the rewards. Instead, it’s earned via a hybrid PoS algorithm. Approximately 75 percent of the available token supply was sold in the ICO, with 5 percent withheld for seed investors, and 10 percent each held by All in Bits and the Interchain Foundation.ĪTOM isn’t mined. Ths Cosmos ICO was held on April 6, 2019, raising $17.3 million worth of ETH, BTC, and USD. Over $40 million worth of ATOM is traded on a daily basis, and the peak price so far was $8.31 on March 16, 2019. Let’s start our exploration of this ambitious project with an analysis of ATOM, the native cryptocurrency token used by the Cosmos Network.Ĭosmos has a total supply of 237,928,231 ATOM. Still, the team’s vision of a global economy run on cryptocurrency is one shared by many expert analysts at this point. A summer 2019 attack exposed a vulnerability that would be costly if not corrected. It’s hailed as a strong project, but it’s not without problems. The Cosmos mainnet launched March 14, 2019. In fact, London-based KR1 reports Cosmos is its most successful investment, raising $360,605 off a $7,000 buy. The project gained traction in recent years, thanks in part to $9 million in VC funding from the likes of Paradigm, and Bain Capital.
Hubs use a Proof-of-Stake (PoS) consensus to validate Tendermint transactions. This is the key layer for token, data, and digital asset exchanges across chains.Ĭosmos integrates processing/verification hubs to keep everything running together.
#ATOM CRYPTO SERIES#
This creates a series of interconnected zones and hubs that act independently, yet share a common system architecture.
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