You can now receive, hold, swap, and tip ATOM tokens via CCTIP.
ATOM Token Details
CCTIP features you can use with ATOM: Receive, Hold, Tip, Play-To-Earn, and Airdrop.
The CCTip Team has successfully completed the addition of the Cosmos network to CCTIP. Users can now swap, hold, tip, airdrop, and play games with ATOM tokens.
Cosmos network was created to facilitate blockchain interoperability and scalability, facilitating ease of transactions. Hence, the CCTIP team believes that adding the valuable Cosmos network to the CCTIP wallet will greatly benefit users, enabling them to make the most of their ATOM holdings with CCTIP features.
What is Cosmos?
Famously regarded as the “Internet of Blockchains,” Cosmos’ founders (Jae Kwon and Ethan Buchman) sought to solve the problems of interoperability across several blockchains to facilitate mainstream adoption of these networks into the real world. Cosmos is a decentralized network of independent open-source proof-of-Stake blockchains that can share data and tokens without any central blockchain controlling their activities; cosmos allows these interconnected blockchains to communicate faster, bearing lower costs.
The Cosmos Network comprises several blockchains called “Zones.” These zones are maintained by the Cosmos Hub, powered by ATOM.
·Tendermint BFT Consensus: The Cosmos network uses the Tendermint Byzantine Fault Tolerance to ensure network security and maintain the network by validating transactions. Tendermint BFT is powered by a Proof-of-Stake governance mechanism regarded as “Tendermint Core,” which is used to maintain the nodes governing the Cosmos Hub.
Validator nodes on the Cosmos network must be among the top 100 ATOM stakers, and voting power is distributed proportionately to stake. Like a delegated PoS mechanism, Cosmos also allows other users to delegate their tokens to other Validator nodes to increase voting and reward strength.
Tendermint BFT is very scalable, as it enables Cosmos to handle up to 10,000 TPS even if one-third of the Validator nodes are offline/compromised.
· Cosmos Hub and Zones: The Cosmos Hub is a blockchain on the Cosmos network that interconnects all zones (individual blockchains) on the Cosmos network.
Each zone can independently validate transactions, create and distribute tokens, and even fork its own blockchain. Regardless of this Zonal independence, the Cosmos Hub interconnects all zones, facilitating interoperability among them using the Inter-Blockchain Communication Protocol (IBC)
The Inter-Blockchain Communication Protocol allows all zones connected to the Cosmos Hub to seamlessly and securely exchange data with one another, regardless of the differences in their blockchain structure.
· Cosmos SDK: Cosmos SDK allows developers to easily build custom independent blockchains using the Tendermint consensus algorithm. The SDK makes it possible to create a simple-to-use blockchain with essential features like staking, governance, tokens, and security; if they wish, the developers can add custom-made plug-ins to add more features. Furthermore, the Cosmos SDK makes it possible to test these beta modules on Cosmos before launching on their own mainnet and also allows the newly developed blockchains to benefit from Cosmos’ interoperability by using the IBC protocol.
ATOM, the native token of the Cosmos Hub, is used to pay transaction fees on the network. It is also used to govern the Cosmos Hub by allowing holders to vote on network proposals. Lastly, ATOM tokens are used to reward network validators and delegators who have staked assets.
CCTIP offers the lowest cross-chain transaction fees:
You can swap ATOM tokens between 200+ cryptocurrencies present on CCTIP. Whether performing a cross-chain swap or an "on-chain swap," CCTip offers the lowest possible transaction fees. You can swap various currencies within your wallet for absolutely free!
ATOM Token Price
CCTIP updates its price charts in real-time, so you can find live updates on the ATOM token via CCTIP Wallet.
CCTip offers the easiest ways to send Tips and Airdrops to your friends or community members using CCTIP Bot via multiple social platforms like Twitter, Discord, and Telegram.
If you want to airdrop ATOM tokens with a touch of fun and thrill, you should immediately explore CCTip's Game Airdrops, where you create one-of-a-kind free games! A new way to airdrop where you play to earn free crypto!
Now send ATOM or choose from 500+ tokens to Tip, Airdrop, or play games with your community!
A group with all true ATOM fans can be regulated using the CCTip DAO. It allows you to set a minimum of ATOM tokens required for a new member to join the telegram/discord group. It is a beneficial tool for crypto start-ups and tokenized communities to engage with their target audience and grow their community.
Think of it as an exclusive group accepting the ATOM community by simply verifying their crypto assets!
We hope you have gained insights and information on our newly listed network – Cosmos (ATOM), and how you can seamlessly use it with CCTIP services!
Remember that you can receive, hold, tip, or swap ATOM tokens on CCTip.
Now grow your community efficiently and quickly by exploring the various top features offered by CCTIP! Create an instant account now and enjoy cheap transaction fees with many features!
If you have any questions or comments, please leave a comment or join our community for more discussions, tips, and airdrops.