AtomOne

ATONE Price

About AtomOne (ATONE)

AtomOne is a community-driven minimalist fork of the Cosmos Hub, designed to restore decentralization and constitutional governance to the interchain ecosystem.

• Restores validator security and decentralization through a minimalist hub design focused on core interoperability.
• Introduces a dual-token model where ATONE handles staking and governance while PHOTON manages transaction fees.
• Implements an on-chain constitution enforced by a multi-DAO structure to ensure transparent and collective decision-making.

What Is AtomOne

AtomOne is a Layer 1 blockchain that serves as a secure coordination hub for the broader interchain network. It originated as a fork of the Cosmos Hub with the primary mission of preserving the original minimalist vision of a secure, neutral routing hub. The project emphasizes decentralization by moving away from traditional foundation-led models toward a governance structure rooted in an on-chain constitution.

Value moves through the system via a dual-token economic model. The ATONE token is put to work through staking, which secures the network and grants holders voting rights in governance. Meanwhile, the PHOTON token is used to fuel transaction fees and Inter-Blockchain Communication (IBC) payments. This separation ensures that fee volatility does not directly impact the security and governance stability provided by ATONE stakers. As the ecosystem grows, the protocol scales by allowing application-specific consumer chains to leverage AtomOne's security through containerized shard deployments.

What Makes AtomOne Unique

• Dual-Token Economy: By separating governance (ATONE) from transaction fees (PHOTON), the protocol maintains a stable security model independent of network activity fluctuations.
• Minimalist Hub Philosophy: The project focuses exclusively on core hub functionalities like IBC and security, avoiding the complexity of hosting general-purpose smart contracts on the main hub.
• Constitutional Governance: AtomOne is governed by a formal on-chain constitution, which is enforced by specialized Steering and Oversight DAOs to ensure compliance with community-defined principles.
• Elimination of Delegation-Based Voting: The protocol empowers individual stakers by preventing validators from automatically using delegated voting power, thereby boosting network decentralization.

What Can You Use AtomOne for?

• Staking and Security: Users can stake ATONE to contribute to the network's Proof of Stake security and earn rewards for their participation.
• Governance Participation: ATONE holders can create and vote on proposals within the governance dApp, directly influencing the protocol's direction and DAO-managed treasuries.
• Interchain Security (ICS): The token provides the security backing for consumer chains that connect to the hub, allowing them to benefit from AtomOne's robust validator set.
• Transaction and IBC Fees: Users utilize the PHOTON token—which is minted by burning ATONE—to pay for transaction fees on the network and for cross-chain data transfers.

How Does AtomOne Work?

AtomOne is built using the Cosmos SDK and Tendermint consensus engine, a method that allows for fast finality and high throughput. It functions as a minimalist hub that connects different blockchains using the Inter-Blockchain Communication (IBC) protocol, a standard for cross-chain data and asset transfers.

The network employs a redesigned Proof of Stake algorithm that aims to balance validator voting power and prevent centralization. For scalability, AtomOne implements Interchain Security (ICS) 1.5, which uses containerization to streamline the deployment of application-specific shards. These shards focus on their own application logic while relying on the AtomOne hub for consensus and networking security. The economic system is deflationary for ATONE when users choose to irreversibly burn it to mint PHOTON, the network's dedicated fee token.

Team Info and Investors

AtomOne is a community-driven initiative that was significantly influenced by the work of All in Bits (AiB), a primary contributor to the Cosmos ecosystem. The project emphasizes a fair launch and community-led development without traditional venture capital (VC) or foundation-controlled allocations. The initial distribution of ATONE was conducted via an airdrop to Cosmos Hub (ATOM) holders based on criteria established by the GovGen community. Governance is managed through a decentralized network of DAOs, including the Steering DAO and Oversight DAO, which are responsible for ecosystem growth and treasury management.

Where can you buy AtomOne?

ATONE tokens can be traded on decentralized exchanges. The most popular exchange to buy and trade AtomOne is Osmosis, where the most active trading pair ATOM/ATONE has a trading volume of $1,874.16 in the last 24 hours.

What is the daily trading volume of AtomOne (ATONE)?

The trading volume of AtomOne (ATONE) is $7,080.26 in the last 24 hours, representing a -59.40% decrease from one day ago and signalling a recent fall in market activity. Check out CoinGecko’s list of highest volume cryptocurrencies.

What is the highest and lowest price for AtomOne (ATONE)?

AtomOne (ATONE) reached an all-time high of $16.99 and an all-time low of $0.1481. It’s now trading -98.90% below that peak and 31.50% above its lowest price.

What is the market cap of AtomOne (ATONE)?

Market capitalization of AtomOne (ATONE) is $26,503,071 and is ranked #677 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of ATONE tokens (140 Million tokens are tradable on the market today).

What is the fully diluted valuation of AtomOne (ATONE)?

The fully diluted valuation (FDV) of AtomOne (ATONE) is $28,812,667. This is a statistical representation of the maximum market cap, assuming total number of 150 Million ETH tokens are in circulation today.

How does the price performance of AtomOne compare against its peers?

With a price decline of -7.40% in the last 7 days, AtomOne (ATONE) is underperforming the global cryptocurrency market which is down -4.50%, while underperforming when compared to similar Layer 1 (L1) cryptocurrencies which are down -5.00%.