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Cosmos Co-Founder Plans Fork of Network Following Governance Change and Aims for Airdrop of New ATOM1 Tokens

Jae Kwon, the founder of Cosmos (ATOM), is planning to fork the blockchain after a successful governance proposal to limit ATOM inflation to 10%. The proposal, which reduced inflation from 14% to 10% and lowered staking rewards, was not supported by Kwon, prompting the idea for a new fork called AtomOne. Kwon aims to mend the divide in the Cosmos community by providing an alternative to the current governance architecture with AtomOne, which will lead the development and praxis of giving representation to every (sub)group. If the fork happens, there would be an airdrop of new ATOM1 tokens to various users within the community.

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