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Astro coin issuance price, total amount and white paper introduction

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2024-09-10 17:15:01169browse

ATOM Coin (ATOM) is the native token of the Cosmos Network and is used to provide interoperability and scalability for dApps and blockchain networks. The issuance price has not yet been announced, and the total amount is 1 billion, of which 75% is held by the community and 25% by the Cosmos team and investors. The Cosmos white paper details its vision, technology stack, and governance model.

Astro coin issuance price, total amount and white paper introduction

What is Astro Boy Coin?

ATOM Coin (ATOM) is the native token of the Cosmos network and is designed to provide interoperability and scalability for decentralized applications (dApps) and blockchain networks.

Astro Boy coin issuance price, total amount and white paper introduction

  • Issue price: Not yet announced
  • Total amount: 1 billion ATOM, 75% of which is held by the community and 25% by the Cosmos team and investors.
  • White paper: [Cosmos White Paper](https://cosmos.network/whitepaper)

Detailed description

Issue Price

The issue price of Astro Boy Coin has not yet been announced. The coin will be funded through a public token sale, with funds raised going to support the development of the Cosmos network.

Total supply

The total circulation of Astro Boy coins is 1 billion. Of which:

  • 75% is allocated to the community, earned through token sales and ecosystem reward programs.
  • 25% is held by the Cosmos team and early investors.

White Paper

The Cosmos white paper outlines the project’s vision, technology stack, and governance model. The white paper explains the following:

  • Interoperability: Cosmos allows different blockchain networks to communicate and interact with each other.
  • Scalability: Cosmos uses sharding technology to increase the throughput and scalability of the network.
  • Governance: ATOM holders participate in the governance of the Cosmos network, voting on important issues and network upgrades.

Uses

Astro Coin has multiple uses in the Cosmos network, including:

  • As a network transaction fee payment medium.
  • Used for staking to secure the network and earn rewards.
  • Vote in governance to decide the future direction of the network.

Cosmos (ATOM) Price Analysis

As of this writing, the price of Cosmos (ATOM) is $4.06 with a 24-hour trading volume of $127 million . ATOM has gained 5.49% in the past 24 hours.

Latest Changes

ATOM has seen upward momentum recently as investors are optimistic about the upgrade and adoption of the Cosmos network. The network’s Stargate upgrade introduces support for the Cosmos Inter-Blockchain Communication protocol, enabling different blockchains to connect to each other. Additionally, more and more projects are being built in the Cosmos ecosystem, driving demand for the ATOM token.

Influencing Factors

  • Overall Cryptocurrency Market Sentiment: ATOM’s price is influenced by the performance of the broader cryptocurrency market, which has recently been The gains were attributed to a rebound across the market.
  • Cosmos Network Adoption: Stargate upgrades and ecosystem growth create more utility and value for the ATOM token.
  • Institutional Investment: More and more institutional investors are exploring the Cosmos network, which may further drive ATOM price.

Future Outlook

ATOM price is expected to continue rising in the near term as it benefits from improving sentiment in the cryptocurrency market and the continued development of the Cosmos network. However, mid- and long-term price trends will largely depend on network adoption and overall trends in the broader cryptocurrency market.

Course of Action

Those investors who are optimistic about the long-term potential of the Cosmos network may consider buying the ATOM token at current levels. Cautious investors may want to wait for clearer market direction, but ATOM's current price offers a potential buying opportunity.

Short Term Forecast

In the short term, ATOM price is expected to continue to rise. Resistance is around $5, and if it is breached, further gains are possible. On the other hand, support is around $3.5, a break below which could lead to a pullback. Below is a list of current key indicators:

  • Price: $4.06
  • Trading volume (24 hours): $127 million
  • Circulating supply: 390934204 ATOM
  • Market capitalization: US$1.588 billion

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