ATOM 2.0 whitepaper to be revealed during Cosmoverse, token up 25% in September

The whitepaper for the revamped ATOM 2.0 upgrade will be revealed today, Sept. 26, during the first day of the Cosmoverse conference in Medellin, Colombia.

Cosmos validator and Osmosis copywriter Emperor Osmo released a list of the ‘must-see’ events of Cosmosverse via a Twitter thread Sunday, Sept. 25. The important events for the ATOM 2.0 launch will be the co-founder of Sommelier Zaki Manian’s keynote at 4:30 pm BST entitled “$1K ATOM LFG,” and a panel discussion on ATOM 2.0 at 10:30 pm MST.

$ATOM 2.0 Reveal is Tomorrow.

Here's the events you HAVE to watch

— Emperor Osmo(Hathor Nodes) (@Flowslikeosmo) September 25, 2022

Footage from Medellin shows a party atmosphere with no signs of a bear market in sight. The upbeat environment is indicative of the general sentiment around the Cosmos ecosystem. For example, a VanEck report in August entitled “Why We’re Bullish on ATOM” arrived at a $140 price target for ATOM by 2030.

The vibes are immaculate when I’m with the IBC Fam #cosmosverse

Shoutout to @CosmoverseHQ for throwing this together! pic.twitter.com/Bw1KQYk2Vj

— Siddarth Patil | Cosmoverse Sept 24-28 (@SidP95) September 26, 2022

Cryptocito, a content creator within the Cosmos ecosystem, predicts that ATOM 2.0 will tackle tokenomics, fee burns, and inflation.  The official Cosmoverse Twitter account confirmed that three talks during the event would cover the whitepaper, vision, tokenomics, and future implications for the chain.

WEN ATOM 2.0?

ATOM 2.0 will be revealed in 3 talks at #Cosmoverse:

DAY 1
@buchmanster will unveil the atom 2.0 paper & the vision
@zmanian will explain ATOM tokenomics

DAY 3
ATOM 2.0 Panel – will further discuss atom 2.0 and its implications for Cosmos and interchain

— Cosmoverse | Medellín Sep 26-28 (@CosmoverseHQ) September 21, 2022

Cosmos has been gaining momentum following the decline of Terra Luna, which was built on the Cosmos SDK.

Sunny Aggarwal, the co-founder of Osmosis, the leading DEX on Cosmos, told CryptoSlate that the influx of Terra builders caused the chain to struggle to keep up with demand.

The Cosmos network uses Inter-Blockchain Communication (IBC), making it an ‘internet of blockchains,’ allowing multiple inter-connected blockchains to have frictionless interactions.

In an industry that is leaning increasingly toward a multi-chain future, Cosmos is well-positioned to take advantage of the need for the interconnectivity of networks. Since the start of the year, ATOM has performed well against the price of Bitcoin, up 33% since Jan. 1. It is also up 160% against the Dollar over the same period reaching $13.90 at the time of writing.

The Cosmosverse live stream begins at 2:45 pm BST and can be viewed below.

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