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Cosmos (ATOM)

ICO

Last updated: Jun 29, 2023

Cosmos is a decentralized network of independent parallel blockchains, each powered by BFT consensus algorithms like Tendermint consensus.

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Overview

Project industry	Blockchain Infrastructure / Cosmos Ecosystem
Product type	Ecosystem
Founded	Switzerland
Whitepaper	Open

What is Cosmos

Before the Cosmos Network, blockchains were siloed and unable to communicate with each other. They were hard to build and could only handle a small number of transactions per second. Cosmos solves some of the hardest blockchain problems of scalability, usability and interoperability.

The Cosmos network consists of three layers: the application layer, the networking layer and the consensus layer. The application layer processes transactions and updates the state of the network, while the networking layer allows communication between transactions and blockchains. The consensus layer helps nodes agree on the system's current state.

Cosmos uses a set of open-source tools to connect the various layers together and enable developers to build dApps. The Cosmos SDK is a developer-friendly, modular framework, each powered by a Byzantine Fault-Tolerant consensus algorithm such as Tendermint BFT, allowing developers to fully customize their decentralized applications and focus on business logic.

Details

Pre-sales: Mar 06, 2017 - Mar 06, 2017
Public sales: Apr 06, 2017 - Apr 06, 2017
Pre-sale token supply: 132,293,114 ATOM
Token supply: 292,586,164 ATOM
Total tokens for sale: 292,586,164 ATOM
Raised: 17,000,000 USD

Legal

Blockchain Platform: Cosmos
Registration country: Switzerland
Registration year: 2014

Office address: Gartenstrasse 4 CH-6300 Zug, Switzerland

Token info

Ticker: ATOM
Type: Utility-token
Token price in USD: 1 ATOM - 0,1 USD
Token distribution:
67,86% - Public Fundraise
10,03% - All in Bits, Inc
10% - Interchain Found
7,03% - Strategic
5,08% - Seed

Cosmos Roadmap

Delta Upgrade (Completed July 12, 2021)

Gaia v5.0.x
Gravity DEX:

A scalable AMM model for token swaps
Drives liquidity for tokens on the Cosmos Hub
Delivers price consistency and order execution

Vega Upgrade (Completed December 14, 2021)

Gaia v6.0.x
Cosmos SDK v0.44

Fee grant module:

Allows paying fees on behalf of another account

Authz module:

Provide governance functions to execute transactions on behalf of another account

Liquidity Module v1.4.2

The Gravity DEX with updates for dependencies

IBC v2.0.0
Tendermint v0.34.14
Cosmosvisor v0.1.0
IBC packet forward middleware v1.0.1

Cosmos Hub as a router

External chain launch: Gravity Bridge

Transfer ATOM, ETH, ERC-20, and other Cosmos tokens between Ethereum and the Gravity Bridge Chain and by extension all IBC connected chains.
Fee and reward model hosted across Cosmos and Ethereum

v7-Theta Upgrade (Completed March 25, 2022)

Gaia v7.0.x
Cosmos SDK v0.45

Minimal update with small fixes

Gravity DEX: Liquidity v1.4.5

Adds a circuit breaker governance proposal type to disable adding new liquidity in order to make a migration possible.

IBC 3.0.0

Interchain Account Module

Allows the creation of accounts on a "Host" blockchain which are controlled by an authentication module on a "Controller" blockchain.
Allows the creation of accounts on a "Host" blockchain which are controlled by an authentication module on a "Controller" blockchain.
Arbitrary messages are able to be submitted from the "Controller" blockchain to the "Host" blockchain to be executed on behalf of the Interchain Account.
Uses ordered IBC channels, one per account.

v8-Rho Upgrade (expected Q1 2023)

Gaia v8.0.x
Cosmos SDK v0.45.12

Version bump with a number of fixes
See changelog (opens new window)for details

IBC v3.4

See changelog for details

IBC Packet Forward Middleware v3.1.1
IBC Msg Whitelist to skip MinFee in CheckTX
Global Fee Module

Allows denoms and min-fees to be governance parameters so gas can be paid in various denoms.
Visible on tgrade already and enabled in ante.go

v9-Lambda Upgrade (expected Q1 2023)

Gaia v9.0.x
Cosmos SDK v0.45-ics
IBC 4.2
Interchain Security - Replicated Security

The Cosmos solution to shared security that uses IBC Cross Chain Validation (CCV) to relay validator set composition from a Provider Chain (Cosmos Hub) to a Consumer Chain. This validator set is in charge of producing blocks on both networks using separate nodes. Misbehavior on the Consumer Chain results in slashing Provider Chain staking tokens (ATOM).