- Cosmoverse’23 introduces a new vision for $ATOM tokenomics within the Cosmos Hub ecosystem.
- Incremental tokenomics adjustments and community involvement are central to Cosmos’ approach.
- The event highlights Cosmos’ commitment to fostering innovation and inclusivity in the crypto community.
The developmental phenomenon of the crypto verse has taken the world by storm. Keeping up with its intricate nature and advanced level of performance, this year’s Cosmoverse will not be any different! In a brief announcement about the event, Cosmos Hub announced a new vision for the tokenomics associated with the native cryptocurrency $ATOM. Let’s take a look at what the Blaze is about and what readers need to know.
Cosmoverse’23 – What to Expect
The Cosmos Network, a blockchain ecosystem designed to facilitate interoperability between different blockchains, holds Cosmos Hub as a core component. In the cryptocurrency industry, Cosmos Hub serves as the central hub or “hub” of the Cosmos Network, providing various services and functionalities for the connected blockchains, often referred to as “zones.”
During the Cosmoverse 2023 conference in Istanbul, the Cosmos Hub community is set to encounter a fresh vision for the Cosmos Hub and a reimagined framework for the native cryptocurrency, $ATOM. This forward-looking perspective is the result of funding provided by AADAO (ATOM Accelerator DAO).
Moreover, these initiatives center on harnessing the structural elements of the ATOM Economic Zone (AEZ) and the Cosmos Hub’s position within the broader cryptocurrency landscape. This initiative to reevaluate $ ATOM’s tokenomics and involve the Cosmos community more profoundly in the decision-making process underscores Cosmos’ commitment to decentralization and inclusivity.
In the Cosmoverse’23, rather than presenting a single, all-encompassing proposal, adjustments to $ ATOM’s tokenomics will be introduced incrementally in more manageable portions. Moreover, a framework to enable the Cosmos Hub to capture value from shared security and establish a sustainable ATOM Economic Zone over the long term will be introduced.
Through this strategy, Cosmos’ commitment to increasing community alignment can be seen. One can see that Cosmos is indeed building an innovative future for the community.