What is Cosmos Token (ATOM)

Cosmos or ATOM Token (ATOM/USDT – Trade it here) is an open-source framework for building multi-asset public Proof-of-Stake (PoS) blockchains. The goal of the Cosmos SDK is to allow developers to easily create custom blockchains from scratch that can natively interoperate with other blockchains. This article will explore the core features, related projects, and overall tokenomics of the Cosmos Token (plus ways of how to buy ATOM or earn it on MEXC).

Cosmos or ATOM Token on MEXC
Cosmos or ATOM Token

Cosmos Core Features

The vision of Cosmos is to make it easy for developers to build blockchains and break the barriers between blockchains by allowing them to transact with each other. The end goal is to create an Internet of Blockchains, a network of blockchains able to communicate with each other in a decentralized way.

The core technology of Cosmos include:

  • Tendermint BFT and the ABCI

Tendermint BFT is a solution that packages the networking and consensus layers of a blockchain into a generic engine, allowing developers to focus on application development as opposed to the complex underlying protocol. The Tendermint BFT engine is connected to the application by a socket protocol called the Application Blockchain Interface (ABCI). This protocol can be wrapped in any programming language, making it possible for developers to choose a language that fits their needs.

  • Cosmos SDK and other application layer frameworks

The Cosmos SDK is a generalized framework that simplifies the process of building secure blockchain applications on top of Tendermint BFT. The Cosmos SDK also comes with a set of useful developer tools for building command line interfaces (CLI), REST servers and a variety of other commonly used utility libraries.

  • IBC

The connection between blockchains is achieved through a protocol called Inter-Blockchain Communication protocol (IBC). IBC leverages the instant finality property of Tendermint consensus (although it can work with any “fast-finality” blockchain engine) to allow heterogeneous chains to transfer value (i.e. tokens) or data to each other.

Cosmos Token Ecosystem

Cosmos supports a wide variety of apps, blockchains, wallets and explorers, built in the Cosmos ecosystem by developers and contributors from across the globe. DApps fall into different categories including finance, infrastructure, privacy, marketplace, social impact, DEX, NFT, productivity, comics, etc.

With Cosmos, developers can choose to build entirely autonomous application-specific blockchains that can easily interconnect. Cosmos benefits developers, groups and individuals such as:

  • Organizations

Cosmos gives the community the power to organize and allocate resources to its members. Individuals can use tokens to vote on impactful decisions that govern their own community.

  • Social networks

Free flow of information and freedom of expression have been hindered by centralized platforms censoring and filtering content and extracting value from their users. Cosmos empowers communities to build autonomous social networks in which every user can have a voice, create value, and benefit from the value creation of others.

  • Marketplaces

With Cosmos, developers can create exchanges and marketplaces allowing for permissionless global trade. They can create autonomous application-specific blockchains rather than smart contracts on someone else’s chain. This frees users from high transaction fees and network congestion and makes DeFi accessible to all.

  • Games

Cosmos allows game developers to create unique collectibles and character upgrades that they can monetize without third-party approval or app store fees. Through NFTs, these digital assets live forever, providing lasting value for gamers, and creating endless opportunities.

ATOM Tokenomics

The ATOM token is the native token of the Cosmos Hub. In return for securing the Hub’s services by staking ATOM, transaction fees and staking rewards are distributed to the Cosmos Hub.

These rewards are set to exponentially increase with the introduction of additional services such as the interchain decentralized exchange (Gravity DEX) and Interchain Staking which will allow staked ATOM to secure other blockchains in the ecosystem.

How to buy ATOM Token?

Looking for how to buy ATOM token? You can buy ATOM (Cosmos) on MEXC following the steps:

  1. Log in to your MEXC account and click [Trade]. Click on [Spot].
  1. Search “ATOM” using the search bar to see the available trading pairs. Take ATOM/USDT as an example.
  1. Scroll down and go to the [Spot] box. Enter the amount of ATOM you want to buy. You can choose from opening a Limit order, a Market order or a Stop-limit order. Take Market order as an example. Click [Buy ATOM] to confirm your order. You will find the purchased ATOM in your Spot Wallet.

For the comprehensive guide on how to buy ATOM and other available tokens, please visit special MEXC How to Buy Guides Section.

Recent ATOM Token Price & Performance

Since listed on MEXC in 2019, ATOM reached the highest price (ATH) of 44.89 USDT in December 2021. During the last 30 days of the time of writing, the highest price of ATOM reached 9.38 USDT, while the lowest price of ATOM was 5.56 USDT.

Interested in crypto like Cosmos Token (ATOM)?

MEXC lists moonshot and provides access to trading of major crypto coins like ATOM, keep an eye on our listings in Innovation and Assessment zones, as well as major tokens in the Main Zone – we have more great projects to come! Also, visit the hot projects section to find more hot tokes that were listed already. If you would like to know more about crypto trading itself visit MEXC Academy.

Share your love to MEXC Global
Default image
MEXC Academy
Articles: 161
Read Learn Watch