According to Foresight News, Cosmos Hub has successfully launched the AtomOne chain following the approval of Proposal 848. The new chain features an independent governance blockchain called GovGen, which was initiated with the support of 50 validators. This development aims to enhance the concentration of validator voting power by eliminating the voting rights associated with validators and delegators.

In terms of tokenomics, a total of 96.99 million ATONE tokens have been allocated to ATOM token holders. Additionally, 53,800 ATONE tokens have been distributed to the community pool, and another 53,800 ATONE tokens have been allocated to the DAO treasury.