In a move to address divergent views within the Cosmos community, Cosmos co-founder Jae Kwon has introduced a detailed charter for the Cosmos fork, AtomOne. The charter outlines the fork's manifesto, vision, and mission, as well as its genesis allocation, tokenomics, governance structure, and technical advisory committee.
The AtomOne fork stems from differing perspectives within the Cosmos community regarding core issues such as task prioritization, token economics, and security philosophy. Kwon's proposal for AtomOne aims to provide an alternative path forward that aligns with his vision for Cosmos' future.
Under the AtomOne charter, 10% of ATOM 1 tokens will be pre-mined for various purposes, with the remaining 80% of inflation and rewards allocated to validators' stakers. This token distribution approach prioritizes the security and sustainability of the network, ensuring that ATOM remains an attractive staking asset.
Jae Kwon has consistently advocated for maintaining ATOM's inflation, believing that a higher inflation rate is necessary to incentivize staking and secure the network. However, last week, the Cosmos Hub community voted to pass a proposal that will cap ATOM's inflation rate at 10%.
The introduction of the AtomOne charter and tokenomics marks a significant development in the ongoing debate surrounding Cosmos' future. The fork could potentially split the Cosmos community, but it also presents an opportunity to explore alternative approaches to governance and tokenomics.
As the AtomOne project progresses, it will be crucial to observe how the community responds to these proposed changes and whether they can coexist with the existing Cosmos Hub. The outcome of this debate will have far-reaching implications for the future of the Cosmos ecosystem.
