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Cosmos Logo

Cosmos ATOM

Cosmos header image

1. Summary

Fundamental Rank
Developer Rank
Social Rank
Coinrank
Price
52W High price $43.84
52W High date 20th Sep 2021 (4 months ago)
All Time High (ATH) Date 17th Jan 2022 (1 week ago)
ATH Price $44.45
% From ATH -30.81%
All Time Low (ATL) Date 13th Mar 2020 (1 year ago)
ATL Price $1.16
% From ATL 2551.18%
Supply & Trading Volume
Volume (24h) 1.90B
Circulating Supply 286.97M
Description

Cosmos has a mission of creating an Internet of Blockchains through improving its interoperability. It has an Inter-Blockchain Communication (IBC) Protocol which launched in February of 2021.

Cosmos has a mission of creating an Internet of Blockchains through improving its interoperability. It has an Inter-Blockchain Communication (IBC) Protocol which launched in February of 2021.

It aims to create a network of crypto networks that are united by open-source tools when it comes to streamlining transactions between them. It has a focus on customizability as well as interoperability. In fact, instead of focusing its attention on its own network, the goal here is to foster an ecosystem of the network that can share data as well as tokens programmatically, without a central party that facilitates the activity.

This means that each new blockchain that is created through the use of Cosmos, dubbed a zone, is then tethered to the Cosmos Hub, and it is at this hub that the record, as well as the state of each zone, is maintained.

It uses a proof-of-stake consensus mechanism, and it is powered by the ATOM cryptocurrency.

The ATOM Token Explained

The native tokens of the Cosmos network are referred to as ATOMs. While holding these tokens, the holder has the ability to stake and validate blocks, as well as vote on governance issues as well as pay for transaction fees.

The interesting part here is the fact that the initial ATOM tokens were created when the Cosmos mainnet launched, and these were distributed to the initial donors, token sale participants, the Cosmo Foundation, and the developers. That being said, all new ATOM tokens are generated as rewards to network validators.

Features of Cosmos

The Cosmos network has three layers. The first is the application layer, which processes transactions and updates the state of the network itself. The second is the networking layer, which allows communication between the transactions as well as the blockchains, and then there’s the consensus layer, which helps nodes agree on the state of the system.

However, in order for all of these layers to be tied together, Cosmos relies on different tools, one of which is Tendermint. This is an essential element, as the Tendermint BFT engine allows the developers to build blockchains without having to code them from the ground up, due to the fact that it is an algorithm used by the network of computers that run the Cosmos software with the intention of securing the network, validating the transactions and committing blocks onto the blockchain itself.

Then you have the Tendermint Core, which is a proof-of-stake (PoS) governance mechanism that keeps the distributed network running the Cosmos Hub synched.

This means that, in order for the participants to power the blockchain, and have the ability to vote on the chances, they need to stake ATOM.

However, to become a validator, a node needs to be in the top 100 of nodes that stake ATOM. Voting power is actually based on the amount of ATOM that is staked.

Founders of Cosmos (ATOM)

The co-founders of Cosmos are actually the people that founded Tendermint, which is the gateway to the Cosmos ecosystem.

These are Jae Known, Zarko Milosevic, and Ethan Buchman.

Jae Known stepped down as CEO in 2020 but maintains a part of the projects.

His replacement is Tendermint’s CEO Peng Zhong, and the whole board of directors was updated as well.

2. Price

$ATOM / USD

2.1. Market Performance

How does Cosmos's (ATOM) performance compare to assets of a similar market capitalization?

30 Day Return

3.5%

ATOM

1.5M%

Similar Market Cap

60 Day Return

15.5%

ATOM

5,238.9T%

Similar Market Cap

1 Year Return

299.4%

ATOM

958.2%

Similar Market Cap

3. Developer Activity

We're monitoring 76 Cosmos Github repos for commits, code additions and deletions. This data is factored into the Developer Rank. Because of delays in Github's stat processing, recent activity maybe underrepresented.

Weekly Commits (All Cosmos Repos)

Commits vs. The Market

  • Past 4 weeks: 170 commits vs. an average of 24
  • Past 12 weeks: 706 commits vs. an average of 107
  • Past year: 4,529 commits vs. an average of 837

Most Active Repos

Past week 44
Past 12 weeks 186
Past year 1581
Past week 54
Past 12 weeks 176
Past year 1173
Past week 0
Past 12 weeks 0
Past year 767
Past week 6
Past 12 weeks 8
Past year 270
Past week 0
Past 12 weeks 0
Past year 254
Past week 0
Past 12 weeks 0
Past year 251
4. Social Activity
Reddit Subscribers 56,350
Active Reddit Users (past 24h) 235
Telegram Users 19,849
Twitter followers 337,318
5. News
6. Investment

Investors

Who are the funds and individuals that invested in Cosmos?

Funding Rounds

Cosmos has raised $17.0M across 7 funding rounds, between March 2017 and May 2021.

Amount / Round Date Investors
- / - 8 months ago 1
- / Series A 2 years ago -
- / Seed 3 years ago 1
$17.0M / ICO 4 years ago 1
- / - 4 years ago 1
- / - 8 months ago 1
- / Series A 2 years ago -
- / Seed 3 years ago 1
$17.0M / ICO 4 years ago 1
- / - 4 years ago 1
- / ICO 4 years ago 1
- / - 4 years ago 1
7. More Information

Always do your own research (DYOR) before making any investment. Here's some links you might find helpful:

Website http://cosmos.network/
Explorer https://www.mintscan.io/cosmos
Twitter @cosmos
reddit /r/cosmosnetwork
Forum https://forum.cosmos.network/
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