Category: Cosmos ecosystem

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Cosmos Co-Founder’s Controversial Proposal Triggers 11% Plunge In ATOM

November 27, 2023

In a bold move, Cosmos co-founder Jae Kwon has called for a significant shift in the blockchain’s direction following the controversial passing of NWV #848. This proposal was approved by the community’s voting mechanism, earning around 40% of the votes, and it was aimed at changing the blockchain’s native token inflation rate. Kwon, expressing his…
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Terra’s Tendermint Touch — Cosmos-Based Token Economy Hit Hard by LUNA’s Demise

May 17, 2022

Since last week’s Terra implosion and the demise of the blockchain project’s native token LUNA — and the algorithmic stablecoin terrausd (UST) — crypto tokens based on the Cosmos ecosystem have seen significant losses. Two months ago, the top Cosmos ecosystem coins collectively were worth $61.6 billion and since then, the Cosmos economy has lost…
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