The Cosmos "alpha" from last week in one convenient thread. That's the rumours or news that have the potential to move the markets in the short to medium term (and for which clever investors might want to position themselves early) 🧵
The founder of a Polkadot-based parachain expects to complete an IBC integration this year
The price of $ATOM has taken a beating over the past couple of weeks, possibly because it somewhat lacks a clear utility. Let's see why the implementation of a Hub model is likely to change that for forever 🧵
First let's remind everyone that the value of $ATOM is not just represented by the price of the coin. In fact most of it's value so far has been in the form of generous airdrops distributed to stakers by the projects building on Cosmos
And right now, all of these chains participating in IBC must implement each other’s light clients. So with N blockchains, you need N * (N-1) implementations.
Many community members have reported missing on significant #airdrops by making small but quite consequential mistakes. I thought it would be useful to go over what you can do to optimize your decisions, so here’s my Ultimate Cosmos Airdrops FAQ thread 🧵
Why do Cosmos projects airdrop?
Most chains in Cosmos are built using the Tendermint consensus & Cosmos SDK, and several received $ATOM grants from important actors like @interchain_io and @ignite_com. Airdrops are a way to acknowledge the help received from the $ATOM community.
More importantly, airdrops are great community builders. It brings a lot of interest and loyal supporters to a project and promotes greater a decentralisation of the token. In #Cosmos, this is often reflected in the long term price performance
Should #Cosmos projects continue to airdrop a large amount of their total supply to the community? Looking at the price performance of the projects that chose to airdrop against the projects that chose to launch on #Coinlist, the answer is a resounding yes 👇
I took the first price point available through Osmosis / Coingecko API and compared it to the price point for the same ticker yesterday before the weekly close.
The three big "airdrop" projects are up
$JUNO is up 255% from $4.2 to $14.9 since 21-Oct-2021
$OSMO is up 11% from $4.52 to $5.0 since 23-June-2021
$STARS is up 78% from $0.06 to $0.1 since 20-Dec-2022
The bridge proposals are up on #Osmosis governance. But why do we need to select a "canonical bridge provider" in the first place? A quick educative thread on the basics 🧵
#Cosmos (like Polkadot) is an ecosystem of interoperable blockchains. It is optimised for connecting chains that deploy on them natively, e.g Juno & Osmosis on Cosmos, or Moonbeam & Acala on Polkadot.
Chains built with the Tendermint consensus & Cosmos SDK are IBC compatible out of the box, so the whole Cosmos ecosystem can plug in quickly and happily communicate.
The Great Osmosis Bridge-Off is officially on and the vote is open until next Wednesday. Here's a selection of the best tweets & threads I've seen on the topic so far 🧵