Buy Comsos | The best Cosmos Exchanges
Do you want to buy Cosmos? Then there are several websites where this can be done. Above you will find the best exchanges to buy or sell Cosmos. Bitvavo is one of the largest exchanges in the Netherlands and our favorite because of its user-friendliness and convenience. What’s more, you can pay with iDEAL. This way you have immediate access to Cosmos and can buy and sell from the wallet on the website. For a transaction at Bitvavo there is a maximum fee of 0.25% trade costs.
You can buy ATOM at Bitvavo by logging into your account, or creating an account at www.bitvavo.com. You can then transfer euros to your Bitvavo wallet using one of 8 payment methods. Users can use iDEAL and Bancontact, among others. Euros are then transferred directly to the account. Bitvavo allows you to exchange euros for Cosmos next. You can then trade the currency, keep it and use it as a means of payment or easily sell it when it has risen. Read more below about the various pros and cons and the new developments underway at Cosmos (ATOM).
A complete explanation about Cosmos | What is Cosmos?
Cosmos was initially conceived by Jae Kwon in 2014. In 2015, he and Ethan Buchman created the Cosmos software development kit to lower the barrier to entry for blockchain development. They also built a decentralized network of individual blockchains that could communicate with each other. Kwon and Buchman are also the founders of the Interchain Foundation, a nonprofit organization that aims to research, develop and promote open and decentralized network technologies that should create more sovereignty, security and sustainability for communities around the world.
The Cosmos network has two tokens:
ATOM – This token is primarily used for governanceand is designed to facilitate communication, scaling and collaboration between independent chains.
Photons- These are the tokens used for payment of transaction fees within the Cosmos platform ecosystem.
The initial coin offering (ICO) for the Cosmos token ATOM took place in April 2017 and ended with over $17 million. Approximately 75% of the available token inventory was sold during the ICO. The total supply of ATOM capped at 236 million ATOM. After the launch of the Cosmos main net in 2019, ATOM was added to several cryptocurrency exchanges.
The pro’s and cons of Cosmos
Cosmos is a fully open-source project with a complete Cosmos Software Development Kit that makes it easy for developers to build apps. The main advantages of Cosmos are that through Tendermint and Inter-Blockchain Communication protocols, Cosmos allows the creation of a network of connected blockchains.
This network enables the exchange of tokens, data and assets. The hubs that connect all these different blockchains require validators that will “stake” ATOMs. The validators can earn ATOMs for ‘staking’, and the more connected the network becomes, the greater the opportunity to generate passive income through ‘staking’.
While ‘staking’ can be profitable, it is also the biggest drawback of Cosmos. ATOM’s ‘staking’ is not without risk. This is for a number of reasons. First, staked ATOMs are locked and retrieval requires a 3-week waiting period, called the dissolution period. In addition, if a validator misbehaves, part of his total deployment may be reduced, i.e. destroyed.
This also deals with the stakes of others who delegate their ‘stakes’. This means that if you delegate your ATOMs to a validator who then behaves badly, this validator will not only lose some of his own tokens, but also yours. Therefore, it is important that ATOM holders carefully and actively monitor the activity of their validators. If a validator behaves suspiciously or is offline too often, delegators can choose to disconnect, although this takes the 3 weeks mentioned above, or switch to another validator. Delegators can also mitigate risk by dividing their efforts among multiple validators.
The price prediction of Cosmos for 2021 till 2025 | Cosmos Forecast
There is no denying that Cosmos is on its way to becoming an essential and promising player in the blockchain technology field. However, the project is not the only player betting on scalability and interoperability. The project is also currently somewhat overshadowed by its major competitor Polkadot.
Nevertheless, experts assume that Cosmos will continue to play an essential role in the future which will increase the value of the ATOM token. The predictions are that 2021 will be a reasonably stable year for the ATOM token. The outlook after 2021 is positive the forecast is that prices will start to rise. According to experts at Tradingbeasts and Digitalcoin, the Cosmos forecast paints a positive picture and can be called bullish without a doubt. Cosmos may therefore be of interest to long-term investors.
Cosmos Price | Now and in the future
The Cosmos price has experienced strong growth in recent times. Currently, Cosmos can be found in the top 25 largest cryptocurrencies coins in the world. At the time of writing, Cosmos has a market value of over 5 billion Dollars, a market value that is still rising strongly.
There are 210,467,609 Cosmos coins in circulation, most of which are traded on the Binance exchange. On the Binance exchange it is also possible to keep an eye on the current Cosmos price.
In recent times Cosmos has often been in the news in a positive way, this has had a positive influence on the Cosmos price and price. Thus, many hold it for the long term.
To stay up to date with the current Cosmos price, we recommend you keep a close eye on this page. Here you will find, among other things, a Cosmos price chart that shows the history of the Cosmos price.
The market cap of Cosmos in comparison to Bitcoin is still small, which could mean that the price could still rise a lot if the market value increases. The maximum number of ATOM that will be released is unknown.
The latest Cosmos news and price expectations
Every month we try to bring you up to date with the latest current news around Cosmos. So that you have a better idea of the ATOM expectation over the long term. It’s good to be aware of the price, but it’s more important to be aware of the latest developments, roadmap and other things going on. This way you can better anticipate the Cosmos price forecast of 2021, 2022 and beyond. You can see the current Cosmos price below.