BlockBeats News, October 22, the AtomOne chain, based on proposal 848 of the Cosmos Hub, has been launched. The independent governance blockchain GovGen has successfully started with the support of 50 validators, improving the concentration of validator voting power by removing voting rights related to validators and delegation. AtomOne aims to prioritize security, adaptability, and inclusivity to promote the development of the Cosmos ecosystem and enhance decentralized governance processes.

In token economics, 96.99 million ATONE tokens are allocated to ATOM token holders, 5.38 million ATONE tokens are allocated to the community pool, and 5.38 million ATONE tokens are allocated to the reserved address AtomOne Treasury DAO.