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Cosmos establishes ATOM Accelerator DAO to improve financial flexibility

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On February 13, Cosmos passed the proposal of establishing the ATOM Accelerator DAO and providing 588000 ATOM grants. The proposal established the ATOM Acceler…

Cosmos establishes ATOM Accelerator DAO to improve financial flexibility

On February 13, Cosmos passed the proposal of establishing the ATOM Accelerator DAO and providing 588000 ATOM grants. The proposal established the ATOM Accelerator DAO and used it to provide valuable open source code, public products and ecological development plans. The proposal shows that the establishment of ATOM Accelerator DAO will reduce the burden of public governance and improve financial flexibility.

Cosmos’s proposal to establish a funding program ATOM Accelerator DAO

Interpretation of the news:


On February 13, Cosmos passed the proposal of establishing the ATOM Accelerator DAO and providing 588000 ATOM grants. This move is a significant step towards improving financial flexibility and reducing the burden of public governance. The establishment of this Accelerator DAO marks a new beginning in the world of open-source code, public products and ecological development plans.

Cosmos is a decentralized ecosystem of independent parallel blockchains, and it is committed to creating an accessible, interoperable, and scalable blockchain infrastructure. The ATOM is their native cryptocurrency that is used to power their ecosystem. With the establishment of ATOM Accelerator DAO, Cosmos is providing an opportunity for developers to create public products and share essential open-source code. This move will help in fostering the development of new decentralized applications and making them accessible to everyone.

The ATOM Accelerator DAO provides grants for developers, enabling them to create essential open-source code and share it with others in the community. It is important to note that the grants provided are funded by the community itself. This means that the community is investing in itself to improve its ecosystem. This is a significant step towards decentralized governance and self-sustainability.

Furthermore, the establishment of ATOM Accelerator DAO will help to reduce the burden of public governance. Cosmos is a decentralized ecosystem, and the governance models used by many of the projects within the ecosystem are community-driven. The establishment of ATOM Accelerator DAO will enable developers to create independent projects without going through the governance model used by the ecosystem. This means that Cosmos can focus more on improving the infrastructure rather than overseeing every project that is being developed.

In conclusion, the establishment of ATOM Accelerator DAO is a significant step towards improving financial flexibility, reducing the burden of public governance, fostering the development of new decentralized applications, and making them accessible to everyone. Cosmos is taking a significant step towards decentralized governance and self-sustainability. This move is sure to have a significant impact not only on the Cosmos ecosystem but also on the blockchain industry as a whole.

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