$ 12.41 USD
$ 12.41 USD
$ 5.2049 billion USD
$ 5.2049b USD
$ 302.803 million USD
$ 302.803m USD
$ 2.8345 billion USD
$ 2.8345b USD
389.962 million ATOM
Issue Time
2019-03-15
Platform pertained to
--
Current price
$12.41USD
Market Cap
$5.2049bUSD
Volume of Transaction
24h
$302.803mUSD
Circulating supply
389.962mATOM
Volume of Transaction
7d
$2.8345bUSD
Change
24h
+1.81%
Number of Markets
713
More
Warehouse
COSMOS
Github's IP Address
[Copy]
Codebase Size
53
Last Updated Time
2020-09-03 03:05:58
Language Involved
--
Agreement
--
Current Rate0
0.00USD
3H
-0.05%
1D
+1.81%
1W
+12.43%
1M
+14.31%
1Y
+10.14%
All
+175.18%
Aspect | Information |
Short Name | ATOM |
Full Name | Cosmos ATOM Token |
Founded Year | 2019 |
Main Founders | Jae Kwon, Tendermint Inc |
Support Exchanges | Binance, Coinbase, OKEx, Kraken, Huobi Global, Crypto.com, KuCoin, Gate.io, Bybit, BitMEX etc. |
Storage Wallet | Trust Wallet, Ledger, Cosmos Station |
ATOM, the native token of the Cosmos ecosystem, is a cryptocurrency that powers the Cosmos Hub, a decentralized blockchain network that aims to create an “Internet of Blockchains.” ATOM is used to pay for transactions on the Cosmos Hub, to secure the network, and to stake in order to earn rewards. ATOM was founded in 2019 by Jae Kwon and Tendermint Inc. It is supported by a variety of exchanges, including Binance, Coinbase, and Kraken. The ATOM token is stored in any Cosmos-compatible wallet. ATOM is a prominent cryptocurrency in the DeFi (decentralized finance) space, and it is also used for NFTs (non-fungible tokens) and gaming.
Pros | Cons |
Interoperability between blockchains | Relatively new, hence untested for long-term stability |
Scalability of the network | Dependent on adoption by other blockchain projects |
Supported by multiple major exchanges | Competing with established names (e.g., Ethereum, Bitcoin) |
Has accessible storage wallets | Market volatility common to cryptocurrencies |
Pros:
1. Interoperability between blockchains: ATOM provides a solution to a critical problem faced by the blockchain world, the incapability of different blockchain networks to communicate with each other. This gives ATOM a unique edge with its system of hubs and zones, potentially enhancing the efficiency and coordination of blockchain ecosystems.
2. Scalability of the network: Cosmos, the network of ATOM, has been designed to solve many of the scalability issues faced in the blockchain industry. This allows for higher transaction throughput, which is a significant advantage, especially in periods of network congestion.
3. Supported by multiple major exchanges: ATOM is listed and supported on many major cryptocurrency exchanges, including Binance, OKEx, Kraken, Coinbase Pro, and Huobi Global. This wide range of platform support not only offers accessibility for investors interested in purchasing ATOM but could also be seen as a mark of credibility.
4. Accessible Storage Wallets: ATOM can be stored and managed in a number of popular and widely used wallets, such as Ledger, Trust Wallet, and Cosmos Station. These wallets offer both security and accessibility for ATOM token holders.
Cons:
1. Relatively new, hence untested for long-term stability: Although founded in 2019, ATOM is relatively new in the grand scheme of the blockchain world. As such, it has not had the same length of time to prove its stability and reliability when faced with volatility and fluctuations in the digital currency marketplace.
2. Dependent on adoption by other blockchain projects: While ATOM's interoperability is a major strength, its practical effectiveness is largely dependent on other blockchain projects choosing to adopt and implement the Cosmos network.
3. Competing with established names (e.g., Ethereum, Bitcoin): ATOM faces stiff competition from well-established names in the blockchain industry, such as Bitcoin and Ethereum. These industry giants not only dominate the market share but also the popular attention, making it a challenge for newer and lesser-known projects like ATOM.
4. Market volatility common to cryptocurrencies: ATOM, like all cryptocurrencies, is subject to the volatility and unpredictability inherent to the cryptocurrency market. This can mean dramatic price swings, which, while potentially profitable, can be unstable and risky.
A Cosmos wallet is a cryptocurrency wallet that can be used to store, send, and receive ATOM, the native token of the Cosmos ecosystem. There are many different Cosmos wallets available, both hardware and software wallets. Some of the most popular Cosmos wallets include:
Cosmostation: The official Cosmos wallet, available for desktop, mobile, and browser.
Keplr: A popular Cosmos wallet that is available as a browser extension.
Atomic Wallet: A non-custodial wallet that supports ATOM and many other cryptocurrencies.
Exodus Wallet: A multi-asset wallet that supports ATOM and over 150 other cryptocurrencies.
Guarda Wallet: A web-based wallet that supports ATOM and over 40 other cryptocurrencies.
When choosing a Cosmos wallet, it is important to consider your own needs and preferences. Some factors to consider include:
Security: Make sure that the wallet you choose is secure and has a good reputation.
Ease of use: The wallet should be easy to use and have a user-friendly interface.
Features: The wallet should have the features that you need, such as staking support and the ability to store multiple assets.
Compatibility: The wallet should be compatible with the operating system that you use.
Once you have chosen a Cosmos wallet, you will need to create a new wallet and secure it with a strong password and a backup phrase. You can then transfer your ATOM to your new wallet and start using it to store, send, and receive ATOM.
ATOM, or Cosmos ATOM Token, introduces innovations to solve some major concerns in the blockchain industry including scalability, usability, and sovereignty. By leveraging a network of independent blockchains, Cosmos aims to enable the transfer and communication between different chains, which is a functionality lacking in many traditional blockchain systems.
One of the distinctive features of ATOM is interoperability. The Cosmos network operates on a series of interconnected blockchains, also known as a network of 'zones' running on 'hubs'. This unique feature allows different blockchains to communicate and transact with each other, something not offered by many of the more conventional cryptocurrencies like Bitcoin or Ethereum.
Another key difference is its scalability. ATOM utilizes a consensus algorithm known as Tendermint, which enables high transaction throughput. This can lead to quicker validation times and the ability to process multiple transactions simultaneously, addressing the issue of network congestion prevalent in other major cryptocurrencies.
However, it is worth mentioning that these innovations also bring added complexities and dependencies. The effectiveness of ATOM's interoperability is largely routed in other blockchain projects choosing to adopt and implement the Cosmos network. Additionally, compared to more established cryptocurrencies, ATOM as a newer player has yet to prove its long-term stability amidst the volatility characteristic of the digital currency landscape.
The circulating supply of ATOM is currently 364.59 million tokens. This means that these are the tokens that are currently available to buy and sell on exchanges. The total supply of ATOM is 260,906,513 tokens, but the remaining tokens are not yet in circulation.
The most recent ATOM coin airdrop was for the Comdex project. Comdex is a decentralized exchange (DEX) that is built on the Cosmos blockchain. In order to be eligible for the Comdex airdrop, users had to have held ATOM tokens in a Cosmos-compatible wallet at a specific snapshot date. Comdex airdropped a total of 20% of its COM token supply to eligible ATOM holders.
ATOM operates significantly differently from many traditional cryptocurrencies like Bitcoin in terms of its consensus mechanism and the way network participants are incentivized. The Cosmos network, where ATOM is the native currency, employs a consensus mechanism known as Tendermint, which is a Byzantine Fault Tolerant (BFT) consensus algorithm.
While Bitcoin and several other cryptocurrencies use Proof-of-Work (PoW) mechanism requiring miners to solve complex mathematical problems to validate transactions and add them to the blockchain, Cosmos, instead, uses a Proof-of-Stake (PoS) consensus mechanism. In this system, validators are chosen to propose blocks based on the number of ATOM tokens they hold and are willing to “stake” as collateral. This methodology does not require mining in the traditional sense, thus eliminating the need for advanced mining equipment or software traditionally associated with cryptocurrencies like Bitcoin.
In terms of mining speed or block time, Tendermint algorithm's performance generally allows for quicker block times compared to Bitcoins PoW mechanism. Tendermint is designed to handle high transaction volumes with a block time of around 5-6 seconds, which is significantly faster than Bitcoin's 10-minute block time.
However, the ATOM rewards for validators and delegators in the Cosmos network are not consistent and can fluctuate based on various factors such as the total amount of ATOM staked in the network, the number of transactions, and commission rates set by validators. This differs dramatically from Bitcoin's fixed block reward system (halving approximately every four years) used to compensate miners.
Although ATOM's PoS system drastically reduces energy consumption compared to Bitcoin's PoW, it does introduce other challenges, such as the requirement for validators to always be online and risk losing their staked ATOMs if they act maliciously or fail to validate blocks.
ATOM is supported by several major cryptocurrency exchanges for buying, selling, and trading purposes. This list includes but is not strictly limited to:
1. Binance: Binance is one of the largest cryptocurrency exchanges globally, offering a vast selection of cryptocurrencies, including ATOM. It supports ATOM trading with various fiat currencies, such as USD, EUR, GBP, and more.
See this link for details on how to buy ATOM: https://www.binance.com/zh-CN/how-to-buy/cosmos
To buy ATOM on Binance, follow these steps:
Create a Binance account: If you don't already have a Binance account, you'll need to create one. You can do this by visiting the Binance website and clicking on the “Register” button.
Verify your identity: In order to comply with anti-money laundering (AML) regulations, Binance requires all users to verify their identity. You can do this by providing your personal information and uploading a copy of your government-issued ID.
Deposit funds: Once your account is verified, you'll need to deposit funds into your account. You can do this by using a variety of methods, including bank transfer, credit card, or cryptocurrency transfer.
Navigate to the ATOM trading page: Once you have funds in your account, you can navigate to the ATOM trading page. You can do this by searching for “ATOM” in the search bar at the top of the page.
Place a buy order: Once you're on the ATOM trading page, you can place a buy order. A buy order tells Binance that you want to buy ATOM at a certain price. To place a buy order, you'll need to enter the amount of ATOM you want to buy and the price you're willing to pay.
Review and execute your order: Once you've entered your order details, you'll need to review them carefully before executing your order. Once you're sure that everything is correct, you can click on the “Buy ATOM” button to execute your order.
Monitor your order: Once your order is executed, you can monitor its progress in the “Orders” tab. Once your order is filled, your ATOM will be deposited into your Binance wallet.
2. Coinbase: Coinbase is a popular and user-friendly cryptocurrency exchange that supports ATOM trading with fiat currencies like USD, EUR, and GBP. It also offers ATOM pairs with other cryptocurrencies, such as BTC, ETH, and USDT.
3. Kraken: Kraken is a well-established cryptocurrency exchange known for its security and reliability. It supports ATOM trading with various fiat currencies, including USD, EUR, CAD, and more.
4. OKX: OKX, formerly known as OKEx, is a prominent cryptocurrency exchange offering a wide range of trading options, including ATOM. It supports ATOM trading with fiat currencies like USD, EUR, and CNY.
5. Huobi Global: Huobi Global is another leading cryptocurrency exchange that supports ATOM trading with fiat currencies like USD, EUR, and CNY. It also offers ATOM pairs with various cryptocurrencies, including BTC, ETH, and USDT.
6. Crypto.com: Crypto.com, formerly known as Monaco, is a popular cryptocurrency exchange offering a variety of services, including ATOM trading. It supports ATOM trading with fiat currencies like USD, EUR, and SGD.
7. KuCoin: KuCoin is a versatile cryptocurrency exchange that supports a wide range of cryptocurrencies, including ATOM. It offers ATOM trading with fiat currencies like USD, EUR, and CNY.
8. Gate.io: Gate.io is a popular cryptocurrency exchange known for its extensive trading options, including ATOM. It supports ATOM trading with fiat currencies like USD, EUR, and CNY.
9. Bybit: Bybit is a leading cryptocurrency exchange specializing in derivatives trading. It also supports ATOM trading with fiat currencies like USD, EUR, and JPY.
10.BitMEX: BitMEX is a well-established cryptocurrency exchange focused on margin trading. It offers ATOM trading with fiat currencies like USD, EUR, and JPY.
Before trading, it is crucial to verify the availability and trading rules of ATOM on the chosen platforms as these can frequently change. Remember, the safety of your funds is paramount, so always ensure that you are using reputable exchanges, and take necessary security measures.
ATOM tokens can be stored in several types of wallets, including hardware wallets, software wallets, and web wallets. Here are three common options:
1. Hardware Wallet: A hardware wallet is a physical, electronic device, built for the sole purpose of securing crypto coins. The advantage is that it's not connected to the Internet, making it less susceptible to hacking. The Ledger devices, which are hardware wallets, support ATOM tokens.
2. Software Wallet: Software wallets are applications that are downloaded onto a desktop or mobile device. These software wallets encrypt the user's information and provide secure storage of their digital assets. An example of this is the Trust Wallet, which supports ATOM and comes with a simple interface that makes it user-friendly for both beginners and experienced users.
3. Web Wallet: Web wallets are wallets that are accessible on a web browser and do not require any downloads. Cosmos Station, the official web wallet of the Cosmos network, is one example. Users can manage their ATOM tokens directly through a secure web interface.
As always, it is important to prioritize security when choosing a wallet for storing ATOM tokens. Therefore, using a wallet that provides robust security features and using all available security measures, such as two-factor authentication, is highly recommended.
ATOM is generally considered to be a safe cryptocurrency. However, it is important to remember that cryptocurrencies are inherently risky investments. There is no guarantee that the value of ATOM will increase, and you could lose money if you invest in it.
Here are some factors that contribute to the safety of ATOM:
The Cosmos Hub: The Cosmos Hub is the main blockchain in the Cosmos ecosystem. It is a well-tested and secure blockchain that has been operating for several years.
The Tendermint Consensus Protocol: The Tendermint Consensus Protocol is the consensus mechanism used by the Cosmos Hub. It is a highly efficient and secure consensus mechanism that is used by many other blockchains.
The Cosmos Community: The Cosmos community is a strong and active community of developers and users. This community is dedicated to the success of the Cosmos ecosystem and is constantly working to improve the security and usability of the Cosmos Hub.
ATOM can be a suitable investment for diverse types of investors depending on their individual investment goals, risk tolerance, and understanding of the cryptocurrency market.
1. Technologically-Inclined Investors: Those who are interested in the technological progression of cryptocurrencies and blockchain technology may find ATOM's interoperability and scalability features appealing.
2. Long-Term Investors: Investors who are prepared to hold onto their investments for a longer period of time, trusting in the potential growth and adoption of the Cosmos network, may also find ATOM a suitable choice.
3. Crypto Diversifiers: For those who are looking to diversify their cryptocurrency portfolio beyond more established names like Bitcoin or Ethereum, ATOM could be an option.
For anyone considering purchasing ATOM, it is crucial to consider the following tips:
1. Understand the Project: Before investment, it is crucial to understand what Cosmos and ATOM are. This includes the technology behind them, their USPs (unique selling points), and their roadmap. You should understand the problem that Cosmos is trying to solve and how ATOM fits into that solution.
2. Market Research: It's equally important to perform a thorough market research about the current state of ATOM. This includes its price history, market cap, circulating supply, and more.
3. Risk Management: Since all cryptocurrencies, including ATOM, can be highly volatile, it is recommended to invest only what you can afford to lose. It's important to manage risks appropriately and consider ATOM as one part of a diversified investment portfolio.
4. Stay Updated: The cryptocurrency market is highly dynamic and the landscape can change quickly. Regularly follow ATOM updates, Cosmos news, and broader cryptocurrency market trends.
5. Seek Professional Advice: If you are new to investing or the cryptocurrency scene, it might be wise to seek advice from a financial advisor experienced in cryptocurrencies.
Remember, all investment decisions should be made based on careful research and analysis. It's important to note that while cryptocurrencies can offer substantial gains, they can also result in significant losses.
ATOM, or Cosmos ATOM Token, has positioned itself as a key player in solving the scalability and interoperability issues prevalent in the blockchain industry. The core function of allowing different blockchains to communicate and transact with each other sets ATOM apart from many conventional cryptocurrencies. It is crucial to note that the broader application and adoption of the Cosmos network play key roles in ATOM's future development and functionality.
As with any investment, the capability of ATOM to appreciate or generate financial returns is subject to market dynamics, adoption rates, and a myriad of other factors. While it's seen steady growth and interest since its launch in 2019, anyone considering investing in ATOM should conduct thorough research and take into account the volatility of the crypto market.
Long-term stability and profitability of any cryptocurrency, including ATOM, cannot be guaranteed. Thus, careful consideration of the potential risks and rewards is essential for prospective investors. As always, diversification of investment portfolio and prudent risk management strategies are highly recommended.
Q: On which exchanges can I buy and sell ATOM tokens?
A: ATOM tokens can be traded on various major exchanges including Binance, OKEx, Kraken, Coinbase Pro, and Huobi Global.
Q: What are the key advantages and disadvantages of the ATOM token?
A: The ATOM token offers benefits of interoperability and scalability but is relatively new, dependent on wider adoption and competes with established cryptocurrencies.
Q: How can I keep my ATOM tokens secure?
A: You can securely store your ATOM tokens in several wallets such as Ledger, Trust Wallet, and Cosmos Station.
Q: What makes ATOM stand apart from other cryptocurrencies?
A: ATOM stands out due to its unique interoperability feature, allowing communication between different blockchains, and its scalable network.
Q: How is ATOM generated or mined?
A: ATOM relies on a Proof-of-Stake consensus mechanism where validators are chosen to propose blocks based on the number of ATOM tokens they hold and are willing to stake, unlike traditional mining.
Q: How does ATOM compare to Bitcoin in terms of processing time?
A: ATOM generally has a faster block time of around 5-6 seconds with its Tendermint algorithm, compared to Bitcoin's 10-minute block time.
Q: Which types of investors might find ATOM to be a suitable investment?
A: ATOM may appeal to technologically-inclined investors, long-term investors and those looking to diversify their cryptocurrency portfolio.
Q: What are the potential growth prospects of the ATOM token?
A: ATOMs growth prospects largely depend on the successful adoption and progression of the Cosmos network, its unique ability to provide interoperability and scalability in the cryptocurrency landscape, and the broader crypto market dynamics.
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