An updated version of the Cosmos Hub white paper went live on October 29, with the community now set to vote on the document. According to the project, concerns related to the issuance model of Cosmos token (ATOM) were addressed in the new revision, among other issues.
The paper’s first version was published in September, proposing a redesigned Hub focused on strengthening interoperability and security, along with key changes to its token, with a new issuance model aiming to strike a better balance between ecosystem growth and interchain adoption, “while still preserving the security afforded by the original regime,” according to the white paper.
Community members raised concerns about the token’s newly proposed issuance model by Sam Hart, Strategy Lead of the Cosmos Hub, claiming that minting a significant amount of ATOM would lead to lower inflation levels. The transition phase would see 10,000,000 ATOM issued in the first month, decreasing over time until it reaches the steady state phase 36 months later. The updated version proposes a 4,000,000 ATOM mint into the community pool instead.
According to Hart, the document, “marks the transition to the next phase of the Cosmos Hub as an infrastructure service platform, and a renewed role for ATOM as preferred collateral within the Cosmos…
