Because it’s made up of so many smaller networks, Cosmos has no official native token. The de facto token for the past few years has been ATOM, the official token of the Cosmos Hub, which is one of the largest networks within the Cosmos ecosystem and thus the closest thing it has to a centre. Cosmos cryptocurrency Check out the latest news, insights and unique analysis brought to you by Stockhead's team of business journalists and industry experts on Cosmos Exploration.
The initial coin offering (ICO) for the Cosmos was held in April 2017, ending up with more than USD 17 million collected as part of the fundraising effort. The total supply of ATOM is capped at 236 million ATOM. After the launch of the Cosmos mainnet on March 13, ATOM found itself being added to various cryptocurrency exchanges. Get your daily dose of crypto and trading info This recent development could attract more investors, traders, and institutions into the network, driving the demand for ATOM significantly over time.
Dymension is building a network of modular blockchains known as rollups (or RollApps) powered by the Dymension Hub. Developers using the platform will be able to create and deploy their own consensus-free RollApps. Cosmos (ATOM) Coin Despite weakness in the broader crypto market, both Chiliz and Cosmos have been turning in strong recent performances.
Learn more about Cosmos on Cryptopedia: Cosmos (ATOM) Research Primer Cosmos crypto price has also rallied because of the ongoing activity in the ecosystem. Recently, some of the top platforms in the ecosystem have done well. For example, Band Protocol, the biggest oracle in the ecosystem has seen its total value secured (TVS) jump in tandem with the DeFi recovery.
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