Cosmos Hub forks AtomOne, distributing 96.99 million ATONE to ATOM token holders

The AtomOne chain, which forked based on its Proposal No. 848 of Cosmos Hub, has been launched. The independent governance blockchain GovGen was successfully initiated with the support of 50 validators and improved the concentration of validator voting rights by eliminating the voting rights related to validators and delegations. In token economics, 96.99 million ATONEs are allocated to ATOM token holders, 53.8 thousand ATONEs are allocated to community pools, and another 53.8 thousand ATONEs are allocated to DAO treasury.