As part of its efforts leading up to the AtomOne fork, All in Bits, co-founded by Jae Kwon, has launched GovGen to measure the community's sentiments.

The organization driving the decentralized blockchain initiative, led by Jae Kwon, has announced the launch of GovGen prior to the anticipated AtomOne fork. Cosmos (ATOM), All in Bits Set to launch tomorrow, GovGen will play a crucial role in shaping the direction of the upcoming AtomOne fork through community-led decision-making. Cosmos Hub GovGen and AtomOne signify a significant push to reformulate the Hub with a governance strategy that resonates with Jae Kwon and his supporters. GovGen's primary goal is to evaluate community feedback on various proposals related to AtomOne’s foundational principles. AtomOne fork The specially designed GovGen token is meant solely for voting within this setup and will not be subject to transfer or trade. Once GovGen holders finalize their decisions regarding AtomOne’s framework, the launch is expected to occur shortly after.

The GovGen native token will be distributed to those who voted against the proposal or were automatically assigned a 'no' vote based on their deposit status concerning the Cosmos Hub proposal 848. This proposal, aimed at capping inflation to a maximum rate of 10%, saw broad approval despite Jae Kwon's concerns about its implications for network security.

The Cosmos Hub, which debuted in 2019, is the first in a vast ecosystem of interconnected blockchains within the Cosmos Network and relies on ATOM as its fundamental currency. Following its inception, the two co-founders have pursued different paths, with Jae Kwon leading All in Bits and Ethan Buchman heading Informal Systems—who backs proposal 848.

Last year, the core developers of Cosmos unveiled the 'Gaia v12' upgrade, which added a 'liquid staking module' to the network. This feature allows for ATOM tokens that are staked with Cosmos Hub validators to be converted into liquid staked ATOM seamlessly, without the traditional unstaking procedure and the two-week unbonding period. ATOM holders The establishment of GovGen prior to the imminent AtomOne fork illustrates a complex dynamic within the Cosmos community, revealing the temporary uncertainties surrounding the development of the project.

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