A proposal to reduce Cosmos (ATOM) token inflation and reduce staking revenues is about to be rejected.
A new community vote has emerged in the Cosmos ecosystem. The Cosmos community is on the verge of an important decision that will affect the project’s native token, ATOM.
Cosmos presented a proposal to halve ATOM token inflation and reduce staking revenue by the same amount. In the vote held on 26 November, the vast majority expressed their opinion that the proposal should not be accepted.
Key Process in Cosmos (ATOM) Ecosystem
The goal of the Cosmos community vote is to reduce the ATOM maximum inflation parameter from 20 percent to 10 percent. The change aims to reduce the current inflation rate from 14 per cent to 10 per cent and share revenue from 19 per cent to 13.4 per cent. The vote is extremely important for the future of ATOM. However, this vote is going to be discarded after the majority of participants vote no. The vote, which will conclude on November 26, saw 40 percent no votes and 36.9 percent yes votes.
If the community does not vote and the proposal is not accepted, ATOM’s inflationary structure will continue. Although share revenues will remain high, supply rates will continue to increase.
While the critical vote of the Cosmos ecosystem continues to rise, the price of ATOM continues to rise. The popular cryptocurrency has surged more than 10 percent in the last two days. ATOM made significant gains, crossing $10.