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Cryptocurrencies: 4547
Markets: 59678
Market Cap: $900,366,608,438     
24h Vol: $63,223,037,615
Cosmos (ATOM) Rank 29
Website Twitter
286,370,297 ATOM

Cosmos (ATOM)

Cosmos (ATOM)

ATOM

Cosmos (ATOM) Price
$7.17

Cosmos (ATOM) 24h Vol
$343,053,254

Cosmos (ATOM) Market Cap
$2,053,604,728

Cosmos (ATOM) Circulating
286,370,297

Full Name
Cosmos (ATOM)
Symbol
ATOM
Algorithm
BTC Price
0.00035700 BTC
BTC Market
102,234 BTC
BTC 24h Vol
17,078 BTC
Total Coins Mined
286,370,297 ATOM
1h
1.3 %
24h
-9.68 %
7d
3.85 %
Charts

Cosmos (ATOM)

Description

Cosmos is a network of many independent blockchains, called zones. The zones are powered by Tendermint Core, which provides a high-performance, consistent, secure PBFT-like consensus engine, where strict fork-accountability guarantees hold over the behaviour of malicious actors. Tendermint Core’s BFT consensus algorithm is well suited for scaling public proof-of-stake blockchains.

The first zone on Cosmos is called the Cosmos Hub. The Cosmos Hub is a multi-asset proof-of-stake cryptocurrency with a simple governance mechanism which enables the network to adapt and upgrade. In addition, the Cosmos Hub can be extended by connecting other zones. The hub and zones of the Cosmos network communicate with each other via an inter-blockchain communication (IBC) protocol, a kind of virtual UDP or TCP for blockchains. Tokens can be transferred from one zone to another securely and quickly without the need for exchange liquidity between zones. Instead, all inter-zone token transfers go through the Cosmos Hub, which keeps track of the total amount of tokens held by each zone. The hub isolates each zone from the failure of other zones. Because anyone can connect a new zone to the Cosmos Hub, zones allow for future-compatibility with new blockchain innovations. The supply won’t be limited as the project plans to introduce a yearly inflatory model. 

Full Name Cosmos (ATOM)
Start Date 2016-03-09
Algorithm N/A
Proof Type PoS
Website cosmos.network/
Twitter @cosmos
Facebook N/A
Reddit N/A
Block Number N/A
Block Time N/A
Block Reward N/A
Total Coins Mined 286,370,297 ATOM
Previous Total Coins Mined N/A
Net Hashes Per Second N/A
ICO Details

ICO Details


Atoms can be used for transaction fees on the main Cosmos hub; however, zones will be allowed to collect fees in any currency or combination of currencies of their choosing. The hidden cap of $17 million was reached in just 30 minutes from only 1090 donations. The fundraiser had a cap of 1M USD per person, despite this one large investor contributed $1.812 Million. They were later refunded the difference minus an admin fee. 

Cosmos committed to a hedging strategy of 50% fiat, 25% Bitcoin, 25% Ether, denominated in USD. They have liquidated 50% of the cryptocurrency tokens however they say they reserve the right to change this hedging strategy at any time. The Atoms available in the crowdsale will not immediately be liquid: once created, they will vest at a constant rate per hour over the course of two years.

The Cosmos Network is the first project by the Interchain Foundation. Its development is being led primarily by All In Bits, Inc., the team that created Tendermint. 5% of the Atoms go to its initial donors, 10% go to the Interchain Foundation, 10% go to the company developing most of the software, and the remaining 75% to be distributed according to the results of the private and public fundraisers.

ICO Status Finished
Token Supply 224634617
Start Date 2017-04-06
End Date 2017-04-06
Fund Raised (BTC) 4,870 BTC; 246,890 ETH
Fund Raised (USD) 17000000
Start Price (USD) 0.1
Security Audit Company N/A
ICO Legal Form N/A
ICO Jurisdiction N/A
Legal Advisers N/A
Blog https://blog.cosmos.network/
White Paper cosmos.network/whitepaper

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