Cosmos Hub Forks AtomOne, Allocating 96.99 million ATONE to ATOM Token Holders
On October 22, the AtomOne chain forked by Cosmos Hub based on its Proposition 848 was launched, and the independent governance blockchain GovGen was successfully launched with the support of 50 validators, improving the centralization of validators' voting power by removing validators' voting rights associated with delegation.
In token economics, 96.99 million ATONs are allocated to ATOM token holders, 53,800 ATONs are allocated to community pools, and 53,800 ATONs are allocated to DAO vaults.