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ATOM 2.0 Proposal Updates

25 Oct 2022 : 23:21
Updated : 12 Dec 2022 : 23:32
2 min read

Governance voting for the ATOM 2.0 Updates was supposed to start yesterday (24th October), however, a new proposal has been put forward (The Cosmos Hub v1.1) that addresses some of the concerns around the large allocation of newly issued tokens that would go towards the treasury. Basically, critics of the previous proposal outlined the fact that adding so much supply would have a huge impact on token price and dilute the supply considerably.

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