Cosmos is an ecosystem of connected blockchains.
- 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.