The proposal to reduce Cosmos (ATOM) token inflation and reduce staking revenues is about to be rejected.
A new community vote has come up in the Cosmos ecosystem. The Cosmos community is on the verge of an important decision that will affect the project’s native token, ATOM.
Cosmos submitted a proposal to halve ATOM token inflation and reduce staking revenues by an equivalent amount. In the voting to be concluded on November 26, the vast majority expressed their opinion that the proposal should not be accepted.
Critical process in Cosmos (ATOM) ecosystem
The Cosmos community vote aims to reduce the ATOM maximum inflation parameter from 20 percent to 10 percent. This change aims to reduce the current inflation rate from 14 percent to 10 percent and reduce staking revenues from 19 percent to 13.4 percent. The vote is of critical importance for the future of ATOM. However, this vote is about to be rejected after the majority of participants voted no. The voting, which will be concluded on November 26, is dominated by 40 percent of the no votes and 36.9 percent of the yes votes.
If the community votes no and the proposal is not accepted, ATOM’s inflationary structure will continue. Although staking revenues will remain high, the supply rate will continue to increase.
While the critical vote of the Cosmos ecosystem continues, the ATOM price continues its rise. The popular cryptocurrency has surged more than 10 percent in the last two days. ATOM made a significant gain, surpassing $10.
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