Cosmos founder initiated AtomOne network fork due to opposition to ATOM production reduction proposal

On November 27th, Cosmos founder Jae Kwon posted that although he voted against the proposal to reduce ATOM production and set the maximum inflation rate to 10%, the proposal still passed. Kwon believes that the final plan should include integrating ATOM with ATMO/ATMO1 so that ATOM will not be sold in large quantities and crash, but instead will be allowed to participate while the README content can be improved. Kwon stated that "Cosmoshub4" will fork and the new network will be called AtomOne, making it the current software, but it will transition to the minimum final product through its own plan and development team (more decentralized than Gaia). AIB will not be the only participant.

Previously, the Cosmos Hub community voted in favor of the "ATOM production reduction: setting the maximum inflation rate to 10%" proposal with a support rate of 41.1% and an opposition rate of 31.9%. The maximum inflation parameter for ATOM will be reduced from 20% to 10%, reducing the current inflation rate of ATOM to 10%, and reducing the stake annual interest rate from 19% to 13.4%.