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What is the issuance amount of Cosmos (ATOM) coins?
With a total supply capped at 260,354,584, Cosmos (ATOM) allocates the majority of its token supply to the community (50.1%) through airdrops, encouraging participation and ecosystem growth.
Dec 07, 2024 at 01:28 am
What is the Issuance Amount of Cosmos (ATOM) Coins?
Cosmos (ATOM) is a decentralized blockchain network that aims to create an "internet of blockchains." ATOM is the native cryptocurrency of the Cosmos ecosystem and is used for staking, governance, and paying transaction fees.
Issuance Amount of ATOM Coins
The total supply of ATOM coins is capped at 260,354,584. This issuance amount was determined by the Cosmos team during the initial design of the network.
Distribution of ATOM Coins
The distribution of ATOM coins is as follows:
- 50.1% to the Cosmos community through the Cosmos Hub airdrop
- 25% to early backers and contributors
- 15% to the Interchain Foundation (ICF), a non-profit organization that supports the development of the Cosmos ecosystem
- 10% to the Cosmos team
Minting and Burning of ATOM Coins
ATOM coins are not minable. Instead, they are created through a process called inflation. Each year, 7% of the total supply of ATOM coins is released into circulation. This inflation rate is designed to incentivize users to stake their ATOM coins and participate in the governance of the network.
ATOM coins can also be burned. This process permanently removes ATOM coins from circulation. Burning ATOM coins can be done to reduce the supply of coins and increase their value.
Use Cases for ATOM Coins
ATOM coins have the following use cases:
- Staking: ATOM coins can be staked to secure the Cosmos network and earn rewards.
- Governance: ATOM coins can be used to vote on governance proposals that affect the development of the Cosmos ecosystem.
- Transaction fees: ATOM coins are used to pay transaction fees on the Cosmos network.
Conclusion
The issuance amount of Cosmos (ATOM) coins is 260,354,584. This issuance amount was determined by the Cosmos team during the initial design of the network. ATOM coins are distributed to the Cosmos community, early backers and contributors, the Interchain Foundation, and the Cosmos team. ATOM coins can be used for staking, governance, and paying transaction fees.
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