Why is ATOM Pumping? Let's Break It Down!
The Cosmos (ATOM) token has recently been on the rise, and here’s why:
1️⃣ Reduced Inflation Rate: The Cosmos Hub community voted to cap the maximum inflation rate of ATOM at 10%, down from about 14%.
This move is seen as a way to stabilize the token's value and enhance its long-term potential.
2️⃣ Staking Yield Adjustment: With this change, the staking yield will drop from 19% to around 13.4%, making the system more balanced and sustainable.
3️⃣ High Voter Turnout: The proposal saw the highest-ever voter turnout in the Cosmos ecosystem, showing strong community engagement.
The decision narrowly passed due to a surge in support, highlighting the belief in ATOM’s future.
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💬 Question for you: Do you think capping the inflation rate will lead to a more stable ATOM price in the long run? Let me know in the comments! 💬
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