Cosmos Fork: Jae Kwon's AtomOne Challenges Hub's Future
Portfolio Pulse from Murtuza Merchant
The Cosmos community has forked to create AtomOne, a new hub emphasizing sovereignty, security, and decentralization. The fork, led by Cosmos co-founder Jae Kwon, comes after governance disputes and a failed proposal to reduce ATOM token inflation. AtomOne will airdrop ATOM1 tokens to those who voted against the inflation reduction and will introduce a liquid staking system with $phATOM tokens. The initiative aims to guide the Cosmos Hub towards safer decisions and foster a more diverse ecosystem.
November 27, 2023 | 2:13 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
AtomOne, a new fork of the Cosmos blockchain, emphasizes security and decentralization, potentially impacting the perception and value of ATOM. The initiative may influence governance decisions and foster ecosystem diversity, which could affect investor sentiment.
While AtomOne is directly related to the Cosmos ecosystem, it is a separate entity and thus its actions may not have a direct impact on the ATOM token's price. However, the creation of AtomOne and its potential influence on governance could indirectly affect investor sentiment towards ATOM, leading to a neutral short-term impact score. The relevance is high as the news is about a fork of the Cosmos blockchain, but not 100 as it is a new entity. The importance is moderate because governance and ecosystem diversity are significant factors for investors. The confidence level is moderate due to the unpredictable nature of how the market will react to the new fork.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70