What Is AtomOne (ATONE)?

AtomOne is a community-driven, constitutionally governed blockchain developed as a minimal fork of the Cosmos Hub. It prioritizes security, decentralization, and innovation within the Cosmos ecosystem. By incorporating IBC and ICS support, it offers scalable interchain solutions. AtomOne emphasizes transparent decision-making mechanisms for developers and users.

The core objective of AtomOne is to strengthen the interchain ecosystem. As a neutral hub, it facilitates coordination among different chains. The ATONE token is used for staking and governance, integrating with other elements of the ecosystem to form a cohesive structure. This protocol, emerging as a fork from the Cosmos Hub, aims to revive the original vision.

Key Features of AtomOne

AtomOne introduces innovative approaches in governance, economic model, security, and scalability. Here are the highlights:

Governance and Decision-Making Mechanisms

• Community-Crafted Governance: A live, on-chain constitution and a network of DAOs ensure transparent, community-driven decision-making.
• Decentralized Voting Power: It eliminates delegation-based voting, empowering individual stakers and preventing centralization of governance by validators.
• Steering and Oversight DAOs: These DAOs guide, advise, and enforce compliance with AtomOne’s constitution and community-defined principles.

The governance process is conducted through the AtomOne Governance dApp. Users can create new proposals, deposit on active ones, or cast votes. Alternatively, tools like Mintscan or Leap can also be used.

Economic Model

• Dual-Token Model: ATONE powers staking and governance, while PHOTON handles transaction fees and interchain payments, ensuring a secure and efficient chain economy.
• Single Fee Token for IBC and ICS: PHOTON serves as the sole fee token for all transactions on the root and core shards, as well as for Inter-Blockchain Communication (IBC) and Interchain Security (ICS) payments.
• Dynamic Treasury Management: Specialized Treasury DAOs provide transparent and collective fund management for sustainable ecosystem growth.

PHOTON was introduced with the AtomOne v2 upgrade and acts as the exclusive fee token for all shards, IBC fees, and ICS/VaaS payments.

To mint PHOTON, ATONE must be burned; this process is irreversible. The creation of a maximum of 1 billion PHOTONs is directly tied to ATONE, reducing its circulating supply.

Staking can be performed via the AtomOne Staking dApp. By staking ATONE, users contribute to the chain’s security.

Security and Scalability

• Scalable and Minimal Design: Focusing on hub minimalism, it avoids unnecessary complexity to optimize scalability, interoperability, and long-term sustainability.
• Enhanced Interchain Security (ICS): It streamlines shard deployment with containerization; consumer chains focus on application logic while AtomOne handles consensus and networking.
• Improved Delegation System: A redesigned proof-of-stake algorithm balances validator voting power, enhances decentralization, and strengthens interchain security.

AtomOne positions itself as a secure hub in the Cosmos ecosystem. With IBC and ICS functionality, it facilitates communication between chains.

AtomOne (ATONE) Tokenomics

AtomOne (ATONE) is designed with a thoughtful tokenomics model to ensure long-term sustainability and value for all stakeholders. The total issuance (genesis supply) consists of 107,775,332 ATONE tokens. The proportional distribution at genesis is as follows:

• Airdrop to Cosmos Hub (ATOM) addresses: 96,997,800 ATONE (approximately 90% of total supply), distributed to 1,128,299 addresses based on participation in Cosmos Hub Proposal 848.
• Community Pool: 5,388,766 ATONE (5%).
• AtomOne Treasury DAO (reserved address): 5,388,766 ATONE (5%).

This distribution was approved by the GovGen community with a 40.56% turnout. The Interchain Foundation was excluded, and 10% of the ATONE supply was premined for contributors and on-chain DAOs. Genesis ATONE tokens are initially locked, except for certain addresses (e.g., for faucets). The distribution was crafted to reward active Cosmos community members and contributors to the AtomOne ecosystem.

ATONE serves as the main token for staking and governance. The dual model with PHOTON balances the economy. The burn mechanism links PHOTON minting to ATONE.

AtomOne Roadmap

The AtomOne roadmap was established through GovGen proposal #4 and voted on by the GovGen community.

• Phase -2 (Preparation): Constitution draft, roadmap, tokenomics, DAO law documents, and software selection research were completed.
• Phase -1 (Finalizing Documents): All governance documents and mechanisms were submitted to GovGen and approved. The ATONE – PHOTON burn mechanism was defined.
• Phase 0 (Chain Launch): The AtomOne chain was launched with a simple Gaia fork. ICS/IBC functions were enabled at a minimal level. The constitution and tokenomics were ratified on-chain.
• Phase 1 (Implementation): The PHOTON system was activated, with ATONE used only for burn fees. Governance improvements are 50% complete, DAO activation is pending.
• Phase 2 (Validators and ICS): A new incentive model balancing validator rewards and ICS++ specifications are in preparation. Expanded compatibility and orchestration tools for consumer chains are under development.
• Phase 3 (Cross-Zone Governance): DAO authority will be enhanced across zones, enabling the creation of new treasury DAOs.

Contributing

AtomOne is a community-driven chain and is always seeking passionate contributors to shape its future. Join the AtomOne community to build a secure, decentralized, and community-oriented blockchain.

• Explore and Contribute: Stay updated on AtomOne’s progress and contribute to the AtomOne GitHub repository.
• Grants and Bounties: Apply for funding through the AiB Grants and Bounties Program to support your contributions to AtomOne’s development.
• Become a Validator: Review the instructions for joining the AtomOne chain and becoming an AtomOne validator.

AtomOne (ATONE) Team

AtomOne was founded in 2024 by a community of experienced Cosmos developers, validators, and open-source contributors. The team possesses deep expertise in decentralized governance, protocol engineering, and interchain security. Carrying forward the legacy of the Cosmos Hub, AtomOne stands out with constitutional governance, DAO-based treasury management, and fair token distribution.

The project aims to reestablish decentralization in the interchain world and create an open, modular ecosystem for users and developers.

Official Links

• Website
• X (Twitter)
• Whitepaper

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The post What Is AtomOne (ATONE)? appeared first on Coin Engineer.

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Proposal 868, submitted by Stakelab, a contributor to Cosmos, aimed to reduce inflationary pressures on the ATOM token, especially in scenarios where a significant portion of the coins are bonded.

Despite the potential benefits highlighted by the proposal owner, such as reducing the inflation rate if the total bond token supply increases, concerns were raised about the implications of reducing the inflation rate to zero, particularly its impact on the security of the Hub.

The Hub acts as the central hub of the Cosmos Ecosystem, facilitating communication and interoperability between the many blockchains built on Cosmos. ATOM is the native token of the Hub, used for transaction fees, security, and governance.

Vote Results (Cosmos)

48.6% of validators voted against the proposal, 25% supported it, and 25.9% abstained.

Notable validators with significant voting power who voted against the proposal included Everstake, Cosmostation, Chorus One, Allnodes, Stake.fish, Swish Staking, Forbole, Provalidator, Keplr, and others.

Validators who supported the proposal included Game, Informal, Stakecito, P2P, Polkachu, Pryzm, IrisNet, Leap, and many others.

This latest proposal came after the accepted Proposal 848, which set a limit of 10% on the maximum inflation rate to regulate token emissions, down from the previous 20%.

In Cosmos, validators vote as well as provide staking power, and voters can delegate their stake to them.

The inflation rate on the Cosmos Hub had been a major point of discussion in 2023. Some contributors to Cosmos want it to be as minimal as possible, believing that this optimizes fresh emissions.

The post Cosmos Rejects Atom Inflation Reduction appeared first on Coin Engineer.

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New developments are happening in the cryptocurrency world every day and it is another exciting day for investors. Let’s take a look at the names that stand out among the Deciders and Deciders among the most popular altcoins of today.

Mina Protocol: Mina Protocol is performing a remarkable performance by experiencing the biggest increase of the day. The popular altcoin experienced a 21.32% rise to the level of $ 1.3663.

Polygon (MATIC): Polygon is gaining an important position in the cryptocurrency market by showing a strong rise. Confidence and interest in the project are increasing. The popular coin, which experienced a 20.94% rise on the new day, is currently trading at $1.0604.

The Most Falling Altcoins of the Day:

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The community approved the decision to reduce ATOM’s inflation rate from 14% to 10% in a vote they held on Sunday. Kwon, who received this approval, used the expressions “Let’s coordinate a split” on Twitter. Although the annual staking return of ATOM will drop from 19% to 13.4% as a result of the vote, Kwon does not find this situation impressive enough and invites the community to participate in a hard fork.

According to Kwon’s plan named AtomOne, the forked chain will support not only ATOM but also the native token named ATOM1.

“I believe there should be token integration, so instead of selling our ATOMs en masse and deeply affecting the ecosystem, we can participate with ATOM. Tokenomy experts will do the necessary trials.”

Cosmos expert and Strategy President of Stride Zone John Galt believes that a potential hard fork could solve longstanding intra-community conflicts and positively affect ATOM token holders.

Galt also believes that the hard fork could trigger the largest ATOM airdrop to date and increase the trading volume of both ATOM and ATOM1 tokens.

However, according to CoinDesk data, ATOM is trading at $9.59, down 3.5% on the day. Although the cryptocurrency remained above $10 throughout the weekend, it could not establish significant support above the three-week resistance. This weakness of the token may be due to the industry leader Bitcoin’s attempt to exceed $38,000.

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The post Cosmos (ATOM) is Preparing for a Hard Fork! appeared first on Coin Engineer.