New Coin Bad, Old Coin Good: The resurgance of OG chains!
New Coin Bad, Old Coin Good: The resurgance of OG chains!
New Coin Bad, Old Coin Good: The resurgance of OG chains!

Cosmos Hub

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New Coin Bad, Old Coin Good: The resurgance of OG chains!

Date

May 20, 2024

New coins used to be the shiny thing in crypto, but the meta has changed recently with all these VC-backed high FDV low float coins going live.

The new meta is shifting to favor old coins. OG projects with a working product, a dedicated team, and no more token unlocks will soon be in the limelight.

Why this development is bullish for $ATOM:

TLDR;

  • All tokens are fully unlocked

  • Circulating supply = Total supply

  • MC = FDV

  • ICS 2.0 (Partial Set Security)

  • Expansion of the AEZ (Atom Economic Zone)

  • Best place to launch an Appchain

  • Babylon Integration

  • Security Aggregator

  • Permissioned CosmWasm

  • Atom Wars / Hydro

ICS 2.0 (Partial Set Security) is hitting mainnet in Q2

The Atom Economic Zone (AEZ) is expanding with new chains like @AetherEVM_, @elys_network, @LorenzoProtocol, @Landslide_Labs and others joining the AEZ and being secured by the Hub.

@cyclesmoney is another contender to join the AEZ, as the protocol is developed by @informalinc the core contributor of the @cosmoshub.

Existing members of the AEZ, @stride_zone and @Neutron_org, continue to grow and ship new products.

The Cosmos Hub is becoming the best place to launch an Appchain

@rollchains SPAWN platform enables developers to launch their sovereign Appchain within days, being ICS secured and becoming part of the AEZ. There is no need to bootstrap your own validator set.

Babylon Integration

Bitcoin security is landing on the Hub via @babylon_chain.

The Hub is morphing into a Security Aggregator (BTC, ATOM, ETH) + Mesh Security.

The stifling infighting is finally over

Jae Kwon has lost it's power over the Hub and moved on to his own project. => ATOM ONE

Hub development is now funded via the CP and lead by @informalinc and @HyphaDoesCosmos.

@ATOMAccelerator is doing BD work, giving out venture grants and onboarding new projects and teams to the AEZ.

Improved Communication

The Hub's communication has improved tenfold in recent months. The Hub's vision, roadmap, and long-term strategy have been clearly outlined.

A big shoutout to @btruax for leveling up communications and transparently sharing future plans for the Hub.

Another shoutout goes to @crypto_crew and @StakeandRelax, the new hosts of ATOM ZONE, a weekly X space covering the latest and hottest updates from the Cosmos Hub.

The missing piece of the puzzle 🧩

When tokenomics upgrade?

Inflation should trend down from currently 10% to 3%-5% in the near future.


Disclaimer

This is a research article with the purpose to educate readers about certain topics and not a financial advice by any mean.

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