Cosmos Hub forks AtomOne and distributes 96.99 million ATONE to ATOM token holders
On October 22nd, Cosmos Hub's AtomOne chain, which was based on its Proposal 848, has gone live. The independent governance blockchain, GovGen, has successfully launched with the support of 50 validators and has improved the concentration of validator voting rights by canceling the voting rights related to validators and delegation. In terms of token economics, 96.99 million ATONE tokens are allocated to ATOM token holders, 5.38 thousand ATONE tokens are allocated to the community pool, and 5.38 thousand ATONE tokens are allocated to the DAO treasury.
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