AtomOnePrice

(ATONE)

ATOM, associated with the Cosmos Hub, is evolving as a feature-rich asset supporting liquidity and smart contracts. ATONE, from the AtomOne fork, is a minimalist asset focused strictly on being a secure, high-staking-ratio 'router' for the interchain. It adheres to an original vision, rejecting features like liquid staking at the protocol level to maximize security and stability.

ATONE was distributed directly to eligible wallet addresses at the project's genesis, based on a snapshot of ATOM holders. You don't 'claim' it in the traditional sense. To view your balance, you need to add the AtomOne chain to a compatible interchain wallet, such as Keplr or Leap. If you still don't see your tokens, ensure AtomOne is enabled in your wallet's chain visibility settings.

AtomOne employs a dual-token system. ATONE is the primary token used solely for staking and governance, designed to be illiquid to maximize security. PHOTON, on the other hand, is the transactional fee token (gas) required to pay for operations on the network. To acquire PHOTON, users must initiate a one-way conversion by 'burning' ATONE, ensuring that the network's transactional fees are intrinsically linked to its core security token.

While Jae Kwon is a primary architect and initial contributor, AtomOne is structured as a community-governed project. Its governance relies on a written Constitution and a system of decentralized autonomous organizations (DAOs), including Steering, Oversight, and Treasury DAOs. This model aims to establish strictly on-chain, decentralized decision-making, moving away from centralized foundation-led governance often seen in other protocols.

Currently, the most active venue for trading ATONE is on decentralized exchanges within the interchain ecosystem, primarily Osmosis, where you can find the `ATOM/ATONE` trading pair. While there are ongoing discussions about its listing on various centralized exchanges, it is generally found on decentralized platforms and select smaller centralized trading venues.

The ATONE distribution was executed as an 'opinionated fork,' meaning eligibility and allocation were tied to specific community actions. If you voted 'YES' on Cosmos Proposal #848, which aimed to reduce ATOM inflation, your ATONE allocation was significantly reduced or 'slashed.' The creators of AtomOne viewed this vote as potentially adversarial to the Cosmos Hub's security, and thus impacted the ATONE distribution based on that stance. Many users were unaware their voting history would influence their ATONE eligibility.