Jae Kwon, the co-founder of Cosmos Hub, is urging his followers to join forces and fork the Cosmos Hub chain in response to the recent approved governance proposal that will reduce the ATOM inflation to 10%.
Earlier reported: Cosmos Hub Approved Proposal to Reduce $ATOM Inflation From 14% to 10%
However, major actors including Jae Kwon are against this proposal.
“Despite our voting… 848 has ended up passing, something that isn't too surprising (though it would be good to know whether the later votes came from newly purchased ATOMs),” tweeted Kwon. “Now let's coordinate a split.”
Jae Kwon's efforts to fork Cosmos Hub followed long time infighting within the Cosmos ecosystem.
Kwon said the new network, informally dubbed AtomOne, would fork the Cosmoshub4 code to ensure it runs the latest Cosmos software, also advocating support for the fork to support ATOM. “Instead of mass-selling ATOM and collapsing it all, we allow participation from ATOM, but [tokenomics] can be improved,” he said.