-
Bitcoin $95,388.8938
-2.30% - Ethereum
$2,589.2359
-3.43% - Tether USDt
$0.9998
-0.08% - XRP
$2.3934
-2.24% - Solana
$194.0919
-3.83% - BNB
$629.6045
1.17% - USDC
$0.9999
-0.01% - Dogecoin
$0.2506
-2.98% - Cardano
$0.7623
1.80% - TRON
$0.2366
-4.65% - Chainlink
$18.4539
-4.97% - Avalanche
$25.1518
-3.84% - Sui
$3.2344
-3.47% - Stellar
$0.3128
-1.73% - Toncoin
$3.7104
-2.64% - Shiba Inu
$0.0...01556
-2.56% - UNUS SED LEO
$9.8019
-0.65% - Litecoin
$117.3435
-7.23% - Hedera
$0.2231
-6.08% - Hyperliquid
$23.1011
-4.79% - Bitget Token
$6.2872
-2.38% - Polkadot
$4.8129
-3.45% - Bitcoin Cash
$328.7066
-1.72% - Ethena USDe
$0.9996
-0.01% - MANTRA
$5.8668
-1.39% - Uniswap
$9.3120
-3.98% - Dai
$0.9998
-0.04% - Ondo
$1.3210
-2.38% - Monero
$223.4138
1.71% - Pepe
$0.0...09425
-4.30%
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.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
- Is Polkadot (DOT) a Good Investment? Here's What the Indicators Say
- 2025-02-12 12:16:11
- iDEGEN Turns Early Adopters to Rich Crypto Investors Ahead of Its Listing
- 2025-02-12 12:11:11
- Crypto Whales Sold MOG, PEPE, and TURBO Throughout Early February
- 2025-02-12 12:11:11
- 4 of the Best Cryptos to Buy and Hold for the Long Term
- 2025-02-12 12:11:10
- Dogecoin ($DOGE) and PlutoChain ($PLUTO) Make Waves in the Crypto Market: Here's Why
- 2025-02-12 12:11:10
- XRP vs Coldware: Which Cryptocurrency Will Create Millionaires In 2025?
- 2025-02-12 12:11:10
Related knowledge
When was Litecoin issued?
Feb 04,2025 at 02:36am
When was Litecoin Issued?Key Points:Litecoin's inception and developmentLitecoin's launch date and market dynamicsLitecoin's technical specifications and key featuresLitecoin's Inception and DevelopmentLitecoin, conceived by former Google engineer Charlie Lee, emerged as a fork of Bitcoin in October 2011. Inspired by Bitcoin's revolutionary blockchain t...
Which is better, Litecoin or Tron?
Feb 04,2025 at 10:30pm
Key Points:Similarities between Litecoin and Tron: Decentralized, open-source blockchain platformsDifferences between Litecoin and Tron: Use cases, consensus mechanisms, transaction speedsFactors to consider when choosing between Litecoin and Tron: Investment goals, risk tolerance, specific use casesPotential benefits and drawbacks of Litecoin and Tron:...
How to buy and trade Litecoin?
Feb 04,2025 at 12:24pm
Key Points:Understand the Basics of LitecoinSelect a Suitable Cryptocurrency ExchangeCreate an Account on the ExchangeFund Your AccountPlace a Buy Order for LitecoinSecurely Store Your LitecoinUnderstand Litecoin TradingHow to Buy Litecoin?1. Understand the Basics of LitecoinLitecoin (LTC) is a decentralized digital currency similar to Bitcoin.Created i...
Which has better potential, Litecoin or Ethereum?
Feb 04,2025 at 05:30pm
Key Points:Litecoin and Ethereum are two of the most popular cryptocurrencies in the world.Both coins have their own unique advantages and disadvantages.Litecoin is a faster and cheaper transaction coin than Ethereum.Ethereum is a more versatile platform than Litecoin, and it can be used to create decentralized applications (dApps).Litecoin has a long h...
What country is the founder of Litecoin from?
Feb 04,2025 at 05:55am
Key Points:Litecoin's Founder and the Relationship with Charles LeeLitecoin's Technical Features and Similarities to BitcoinLitecoin's Role in the Cryptocurrency Ecosystem and Its PopularityComparative Analysis of Litecoin with Major CryptocurrenciesLitecoin's Community Involvement and PartnershipsArticle Content:Litecoin's Founder and the Relationship ...
Which is better, Litecoin or Ripple?
Feb 04,2025 at 08:00pm
Key Points:Litecoin: a decentralized, peer-to-peer cryptocurrency based on the Proof-of-Work consensus mechanismRipple: a centralized, enterprise blockchain solution designed for fast and low-cost paymentsDirect comparison of Litecoin vs. Ripple in terms of technology, market capitalization, use cases, and transaction feesPotential benefits and drawback...
When was Litecoin issued?
Feb 04,2025 at 02:36am
When was Litecoin Issued?Key Points:Litecoin's inception and developmentLitecoin's launch date and market dynamicsLitecoin's technical specifications and key featuresLitecoin's Inception and DevelopmentLitecoin, conceived by former Google engineer Charlie Lee, emerged as a fork of Bitcoin in October 2011. Inspired by Bitcoin's revolutionary blockchain t...
Which is better, Litecoin or Tron?
Feb 04,2025 at 10:30pm
Key Points:Similarities between Litecoin and Tron: Decentralized, open-source blockchain platformsDifferences between Litecoin and Tron: Use cases, consensus mechanisms, transaction speedsFactors to consider when choosing between Litecoin and Tron: Investment goals, risk tolerance, specific use casesPotential benefits and drawbacks of Litecoin and Tron:...
How to buy and trade Litecoin?
Feb 04,2025 at 12:24pm
Key Points:Understand the Basics of LitecoinSelect a Suitable Cryptocurrency ExchangeCreate an Account on the ExchangeFund Your AccountPlace a Buy Order for LitecoinSecurely Store Your LitecoinUnderstand Litecoin TradingHow to Buy Litecoin?1. Understand the Basics of LitecoinLitecoin (LTC) is a decentralized digital currency similar to Bitcoin.Created i...
Which has better potential, Litecoin or Ethereum?
Feb 04,2025 at 05:30pm
Key Points:Litecoin and Ethereum are two of the most popular cryptocurrencies in the world.Both coins have their own unique advantages and disadvantages.Litecoin is a faster and cheaper transaction coin than Ethereum.Ethereum is a more versatile platform than Litecoin, and it can be used to create decentralized applications (dApps).Litecoin has a long h...
What country is the founder of Litecoin from?
Feb 04,2025 at 05:55am
Key Points:Litecoin's Founder and the Relationship with Charles LeeLitecoin's Technical Features and Similarities to BitcoinLitecoin's Role in the Cryptocurrency Ecosystem and Its PopularityComparative Analysis of Litecoin with Major CryptocurrenciesLitecoin's Community Involvement and PartnershipsArticle Content:Litecoin's Founder and the Relationship ...
Which is better, Litecoin or Ripple?
Feb 04,2025 at 08:00pm
Key Points:Litecoin: a decentralized, peer-to-peer cryptocurrency based on the Proof-of-Work consensus mechanismRipple: a centralized, enterprise blockchain solution designed for fast and low-cost paymentsDirect comparison of Litecoin vs. Ripple in terms of technology, market capitalization, use cases, and transaction feesPotential benefits and drawback...
See all articles
