Following a newest neighborhood vote to gash assist the inflation price of Cosmos Hub’s native token ATOM to 10%, founder Jae Kwon has proposed a first-rate alternate: a exhausting fork of the cryptocurrency to comprise a sleek network named AtomOne. This proposal marks a pivotal second within the Cosmos ecosystem, reflecting both the evolving dynamics of the network and the differing visions interior its neighborhood.

The passing of Proposal 848, which seen 41.1% of the network’s balloting energy in desire versus 31.9% against, changed into once the catalyst for this construction. The proposal’s approval entails aquire of ATOM’s inflation from roughly 14% to a most of 10%, correspondingly cutting back its annual percentage price (APR) from around 19% to about 13.4%.

Jae Kwon, expressing his views on the discontinue result, took to X to creep the neighborhood towards action, pointing out, “Now let’s coordinate a spoil up.” Kwon envisions AtomOne as a separate entity contained within the Cosmos ecosystem, doubtlessly supporting both the present ATOM and a sleek ATOM1 token.

Now hear up Cosmonauts. Despite our balloting NWV #848 has ended up passing, something that isn't too pleasing (even though it’d be unprejudiced correct to know whether or no longer the later votes got right here from newly purchased atoms) @cosmos @Allinbits_inc #raptureparty #atomone

Now let's coordinate a spoil up.

— gnobody (@jaekwon) November 25, 2023

The proposition of AtomOne has sparked discussions and speculation contained within the Cosmos neighborhood. Opinions vary, with some neighborhood members, love X user @eggzNstaken, seeing the fork as a definite step towards diversification and security. “Two sure products are being created, so why assist combating once we are able to comprise these products and offers extra security picks for diversified initiatives to come to a decision from,” they commented.

On the diversified hand, X user @cosmonaut_joon said, “Please don’t attain this Jae. Accepting the consequences of a balloting assignment whether or no longer one changed into once against it or no longer is segment of governance / democracy.”

Despite these discussions, the specifics of the AtomOne network, including its governance construction, tokenomics, and technical architecture, remain largely speculative. Kwon has hinted on the mix of ATOM and ATOM1, suggesting a collaborative in region of a divisive plot.

As discussions unfold, the price of ATOM has responded to these inclinations. Within the wake of Kwon’s proposal, ATOM’s fee has viewed a 3% decline, trading at $9.40 according to CoinGecko data.