Cosmos community rejects ATOM inflation reduction proposal
The Cosmos (ATOM) community voted against reducing inflation of the ecosystem's native token to 10%, but founder Jae Kwon did not like the idea
Update: The Cosmos community did not support the initiative to reduce inflation in the ecosystem's native token, ATOM. According to the voting results, 48.6% voted against the proposal. 25% of validators supported it, and 25.9% abstained.
According to the authors, reducing inflation should have optimized the fresh issue of the asset. However, concerns about such a move have won out. Many community members were worried about the security of the blockchain.
The price of ATOM reacted to the outcome of the vote by decreasing. According to CoinGecko, the token rate fell by 5.1% to $8.89.
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