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A lengthy thread on $ATOM 2.0 #Tokenomics and why I am concerned. This commentary is the perspective of a long-term #ATOM holder, and my hope is that this thread will spark a vibrant, honest discussion in the #CosmosEcosystem and the broader #crypto community.
1) First, a brief history. The Cosmos team, led by Ethan and Jae, raised ETH and BTC in 2017 to support the development of an “Internet of Blockchains’ vision. Token sales were conducted privately and publicly via a 2017 ICO managed by the Interchain Foundation (ICF).
2) A total of 236,199,509 ATOM were sold for ~$18mm, 10% of which went to Tendermint Inc (now @ignite_com) and 10% to the @interchain_io.
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