🎉 Gate Square Growth Points Summer Lucky Draw Round 1️⃣ 2️⃣ Is Live!
🎁 Prize pool over $10,000! Win Huawei Mate Tri-fold Phone, F1 Red Bull Racing Car Model, exclusive Gate merch, popular tokens & more!
Try your luck now 👉 https://www.gate.com/activities/pointprize?now_period=12
How to earn Growth Points fast?
1️⃣ Go to [Square], tap the icon next to your avatar to enter [Community Center]
2️⃣ Complete daily tasks like posting, commenting, liking, and chatting to earn points
100% chance to win — prizes guaranteed! Come and draw now!
Event ends: August 9, 16:00 UTC
More details: https://www
The issuance of the Cosmos (ATOM) cryptocurrency will decrease thanks to the approval of a proposal by those involved in the governance of the Cosmos Hub network.
The maximum inflation rate of this cryptocurrency, which was previously 14%, became 10% per year. Something that could favor the increase of its price in the market according to the principle of supply and demand, which indicates that a scarce asset increases in value if its demand increases.
The market has taken this development with optimism. ATOM is up 3.30% over the past seven days and is priced at $9.44 at press time
According to the recently approved proposal, the previous inflation rate caused Cosmos Hub to pay an excessive price for network security. Its reduction to 10% would lower this cost while still allowing block validators to continue making profits.
The relevance of the topic was evidenced in the results of the votes, which had the highest participation from the Cosmos community. In the end, the result was 41.1% in favor and 38.5% against.
It is important to mention that the issuance of ATOM is infinite, unlike bitcoin, which has an issuance limit of 21 million coins, and other cryptocurrencies that also have a limit set in their code. So far, more than 376 million ATOM have been issued.