Cosmos Hub

FAQ's

What is Cosmos (ATOM)?

Cosmos is described as a Internet of Blockchains. The main purpose is to enable the communication between different blockchains.

The first available link between all the blockchain network zones is the Cosmos Hub, which main tokens are ATOMs and PHOTONs. Atom acts as the staking and governance coin, whereas Photon is needed to pay for transaction fees. Cosmos is using the Tendermint consensus, which is a proof-of-stake algorithm.

How was Cosmos launched?

75% of the coins were sold via a Token Sale in April 2017. The sale price was around $0.1 per ATOM.

5% of the coins were assigned to Lead Donors of the project. 

These coins have been unlocked and distributed since 14th March 2019.

10% of the coins are assigned to the Interchain Foundation (IFC),

and another 10% to ALL IN BITS, Inc with a vesting period of 2 years.

Who is the team behind Cosmos?

The idea of Cosmos and Tendermint was first introduced by Jae Kwon, who still leads big parts of the project.

Now Cosmos has a worldwide community of developers and is supported by the Interchain Foundation.

How to stake Cosmos (ATOM)?

For the average user the best way to stake ATOMs is by delegating to one of the Validators of the Network.

You can delegate/bond your ATOM in a single click within Ledger or many other wallets.

If you want to reinvest your rewards, you have to manually claim them and delegate again.

Please consider that withdrawing your funds from staking will take 21 days.

How much can I earn staking Cosmos (ATOM)?

With the proposed block time of 5s, the initial inflation is 7%. The effective inflation depends on the actual current block time.

The proposed inflation will rise by up to 13% p.a. to 20% until we reached a Total Staked of 66%.

Once the Total Staked is over 66% the inflation will slowly decrease back until 7%.

Effectively the staking yield always depends on the total staked, proposed inflation and block time, which are live tracked on this site

Is there a risk to staking Cosmos?

Yes even by delegating ATOM, the coins are at risk of slashing.

If the Validator misses blocks or tries to corrupt the network, the delegator holdings might get slashed.

Therefore it is very crucial to choose a professional and trusted Staking Provider.