Cosmos Hub fork AtomOne is now live, distributing 96.99 million ATONE to ATOM token holders

BlockBeats reported that on October 22, the AtomOne chain forked from Cosmos Hub's Proposal No. 848 was launched. The independent governance blockchain GovGen was successfully launched with the support of 50 validators, and the concentration of validator voting rights was improved by canceling the voting rights of validators related to delegation. AtomOne aims to prioritize security, adaptability, and inclusiveness to promote the development of the Cosmos ecosystem and improve the decentralized governance process.

In terms of token economics, 96.99 million ATONEs were allocated to ATOM token holders, 5.38 million ATONEs were allocated to the community pool, and 5.38 million ATONEs were allocated to the reserved address AtomOne Treasury DAO.