Cosmos developers will launch GovGen, a new blockchain network for governance

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Cointime2024/02/26 12:26

By:Cointime

All in Bits, the developer of Cosmos, will launch a new blockchain network called GovGen, which focuses on governance, before the AtomOne fork is launched on Cosmos Hub. GovGen's development plan will be launched at 9am Eastern Time on Tuesday, led by All in Bit, owned by Cosmos co-founder Jae Kwon. GovGen will shape the design of the upcoming AtomOne fork through a decentralized decision-making process. The main goal of GovGen is to measure the community's views on various proposals related to the AtomOne basic charter. The native token of the network, GovGen, will be distributed to ATOM holders who voted against Proposal 848 on Cosmos Hub. GovGen tokens are only used for voting purposes in this context and are not transferable or tradable. AtomOne will be launched after GovGen holders decide on the design.

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