All in Bits发布GovGen区块链和代币，领先于Cosmos Hub分叉
由Cosmos共同创始人Jae Kwon领导的公司“All in Bits”正准备于2月27日在Cosmos Hub上的AtomOne分叉之前发布其新的GovGen区块链和代币
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All in Bits to launch governance blockchain before Cosmos Hub split
Source: X
On February 27, All in Bits, led by Cosmos co-founder Jae Kwon, will be launching its new GovGen blockchain and token, just ahead of the Cosmos Hub AtomOne fork. This highly-anticipated launch will see the distribution of the “GovGen” token to Cosmos Hub stakeholders who previously voted against Proposal 848. Interestingly, the GovGen token will be strictly used for voting purposes and will not be transferable.
Cosmos Hub: A Tale of Two Camps
Let’s delve into the world of Cosmos Hub, where two distinct camps have formed following the passing of Proposal 848, albeit by a slim majority. The first camp, led by Ethan Buchman and supported by popular organizations like ZKValidator, rallied behind the proposal. On the other hand, the second camp, spearheaded by JKwon and supported by leading groups such as Allnodes, voted against the proposal.
In the aftermath of this disagreement, the second camp plans to fork the Cosmos Hub blockchain on February 27. This new fork will be governed by the coalition of AtomOne stakeholders, who will utilize the GovGen blockchain and token.
As for the distribution of GovGen tokens, details are yet to be fully revealed. However, the first 10% has been preallocated to cover governance costs, and the remaining tokens will be split among ATOM holders with voting power. Notably, those who voted “no” or “NWV” (no with veto) will receive a larger share of the tokens, granting them majority power for decision-making.
Q&A Content:
Q: What is the purpose of the GovGen token? A: The GovGen token is strictly used for voting and is not transferable.
Q: Who will receive the GovGen tokens? A: Cosmos Hub stakeholders who voted “no” or “NWV” on Proposal 848 will receive GovGen tokens.
Q: What will happen to the Cosmos Hub blockchain after the fork? A: The second camp, led by JKwon, will govern the new fork of the Cosmos Hub blockchain using the GovGen blockchain and token.
The Political Motivation Behind AtomOne
According to a GitHub post by the AtomOne team, this fork of the Cosmos Hub blockchain was partly motivated by political reasons. The post highlights the need for an alternative hub that aligns with the ideals of sovereignty, security, and decentralization. Additionally, it aims to serve as the primary base for a political party and an intelligent voting bloc to save Gaia, another platform within the Cosmos ecosystem, from itself.
Jae Kwon’s Social Media Troubles
In other news, it seems that Jae Kwon’s personal X account has been blocked by a popular social media network for violating its terms of service. On February 24, @jaekwon announced that they would be using a new account, @donkeykwon, for personal communications. However, just three days later, the @donkeykwon account is no longer accessible, raising questions about Kwon’s social media presence.
The Future of Cosmos Hub
With the launch of the GovGen blockchain and token, the Cosmos Hub ecosystem is entering a new era. The split between the two camps indicates a divergence in opinions and priorities. However, it also presents an opportunity for innovation and the exploration of different approaches within the Cosmos network.
As Cosmos Hub continues to evolve, it will be fascinating to see how the GovGen blockchain and token shape its governance and decision-making processes. This development could pave the way for further advancements and adaptations within the larger blockchain and financial ecosystem.
References:
- “ATOM Trail: Kelexo (KLXO) Looks to Upend the Sector”: Read Article
- “AI tokens rally amid Nvidia’s breakout earnings”: Read Article
- All in Bits Twitter Announcement: View Tweet
- ZKValidator Twitter Support for Proposal 848: View Tweet
- Allnodes Twitter Opposition to Proposal 848: View Tweet
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