Let's address some concerns in this thread that people bring up when talking about $ATOM and why they are false. And the price is confirming that.
1/ GRAVITY DEX/ EMERIS is a permissionless AMM and a cross-chain dashboard. Meaning, as more chains connect to #IBC you will be able to connect to all kind of dAPPS through Emeris (Ex. swapping on PancakeSwap or LP-ing on Uniswap on one single website) That is @emerisHQ .
2/ For the comfort of using emeris as a one-stop-shop, people will have to pay fees for all the #IBC transactions in $ATOM. Creating value for the $ATOM stakers. IMO well worth it since Emeris has a clean UI/UX for all the new people coming into crypto + non-custodial wallet.
3/ PROP #56 which is now in Quorum, will allow the hub to play the role of the IBC Router that was initially envisioned, offering interchain services to other chains and profiting along the way.
4/ Still not enough? Well lets talk @cosmos SHARED SECURITY. Expected somewhere in Q4-Q1 will allow new chains to rent validators from the @cosmoshub, this way adding multiple tokens as rewards on top of the existing rewards for all the stakers staking with those validators.
5/ Shared security is imperative for chains like @Polkadot, while in @cosmos that's a possibility! No one is forced to use anything.
6/ Moving onto the next piece of architecture, GRAVITY BRIDGE will allow transfers of ERC20 assets originating on @ethereum to a @cosmos based chain and vice versa. This way unlocking massive amounts of liquidity on all @cosmos based DeX-es.
7/ Next bridge again, coming around Q4 2021 or Q1 2022 will bridge #Bitcoin with @cosmos. Hardly to add anything here, right #btc maxis? #Bitcoin on PoS 🌌
9/ Emeris will enable you to trade on a DeX (in v2.0 with an order book) ERC20 tokens, cosmos-based tokens, stablecoins, synthetic stocks, use all kinds of protocols for savings, and many many more ALL WITHIN ONE. SINGLE. WEBSITE. Can you see the scope of the project now?
10/ To expand further on @terra_money , they are investing $150m in Project Dawn with which they want to help advance and improve @cosmos, because everyone will benefit in the end.
11/ To slowly finish up, you can watch the latest video by @coinbureau in which he sums up almost all the important things in the @CosmosEcosystem.
I say *almost* because it's so hard to touch everything that's happening. I'm probably forgetting a lot of important stuff too.
Link here:
@ATOMCosmonauts are not MAXI of any chain, we are maxi of a protocol, that protocol is #IBC.
Share this thread so newcomers into #crypto will see and learn something new about @cosmos hopefully.
Let's talk about asymmetrical bets in the current #crypto market.
$DOT standing at $37 B market cap
$SOL almost $50 B market cap
Great technology by these 2 coins nothing to say about thus. But we need to find something that is undervalued. Something that if we win we win big, and if we don't we don't lose much
$ATOM is right now standing at $10 B market cap. Almost 4 times less than $DOT and 5 times less than $SOL
For now $ATOM is the only token which has enabled true #interoperability