Jae Kwon Accuses Cosmos Community and Announces Token Fork

After years of tension and accusations between Jae Kwon and the Cosmos community, Kwon is now taking a significant step by forking its native token.

Accusations and Tension Building

Jae Kwon, the founder of Tendermint Inc. and creator of the Cosmos blockchain platform, has been openly critical of the Cosmos community for years. According to Kwon, he feels that the community has been conspiring against him and the projects he is involved in. This tension has simmered for an extended period and has recently culminated in Kwon’s decision to take action.

Announcement of Token Fork

Kwon announced that he plans to fork the native token of the Cosmos network, ATOM. This decision marks a significant development in the ongoing feud between Kwon and the Cosmos community. The fork will result in the creation of a new token, which Kwon intends to launch in early 2024.

Motives Behind the Fork

Kwon has not been shy about expressing his dissatisfaction with the current state of affairs within the Cosmos community. He has cited issues such as a lack of transparency and accountability as driving factors behind his decision to fork the native token. Additionally, Kwon has indicated that he has a vision for the future of the Cosmos network and believes that the fork is necessary to realize this vision.

Community Response

The announcement of the token fork has predictably sparked a mixed reaction within the Cosmos community. Some members have expressed support for Kwon’s decision, citing their own frustrations with the current state of the network. Others, however, have criticized Kwon for his handling of the situation and have expressed concerns about the potential impact of the fork on the broader Cosmos ecosystem.

Looking Ahead

As the tension between Jae Kwon and the Cosmos community continues to escalate, all eyes will be on the upcoming launch of the new token. Kwon’s decision to fork the native token represents a pivotal moment in the history of the Cosmos network and has the potential to reshape its future. The coming months will be crucial in determining the ultimate impact of this significant development on the broader blockchain community.