Buy Cosmos ATOM (€14.96)

Cosmos is a project that aims to unite crypto networks via open-source tools and seamless transactions between multiple different blockchains. Dubbed as ‘The internet of blockchain’ the team has made significant customizable and interoperable software development kits (SDK’s) that can be used to build on the Cosmos network.

The goal of Cosmos is not to create its own network, but to foster an ecosystem of different blockchains that can share data between all of the participants. New blockchains created within the Cosmos ecosystem will be connected to the Cosmos Hub. The Cosmos Zone maintains a record of all interoperable blockchains (also called zones). These zones are built using the Cosmos SDK default consensus layer.

The Cosmos mainnet uses validators to determine voting power, and these are based on the amount of staked ATOM (the blockchains utility coin). Validators can propose new blocks on which other can vote. A successful vote provides a reward that will be given to the validator and the users who have staked their coins with that validator.

A well known developer Jae Kwon and Ethan Buchman co-founded the Cosmos network in 2014. Tendermint was one of their first consensus algorithms that would later be used to power the Cosmos blockchain.

You can buy, sell and swap ATOM on the Anycoin Direct platform. Just follow the steps below.  

Step 1: Create an Account

Creating an account is easy. Just simply click on register and create an account within minutes. After that, you will be able to start trading! No ID’s or passports needed! Do you want to invest more than €250? This will require you to start the verification process.

Step 2: Placing an order

Opening your account and starting an order is very simple. Pick your favorite token or coin, decide how much you would like to invest and receive the coins within minutes. Anycoin Direct offers multiple payments methods. We currently have iDeal, Bancontact, Credit card, SEPA, Giropay, SOFORT and credit card.

Step 3: Buy, sell and swap ATOM in the Anycoin Vault.

Once the order is completed, you can find the ATOM in your Anycoin Vault. Swapping or selling the coin is now enabled through your Anycoin Dashboard.

The ATOM coin can be used for governance. Atom is a Proof-of-Stake coin, meaning that you can delegate your tokens into a validator pool and earn rewards based on your holdings. The more ATOM you stake, the more you earn. Staking however, locks your ATOM, and unlocking the ATOM coins can take up to 21 days. The staking of your ATOM coins will reduce misbehaving’s on the network, and will give the network better security.

You can store ATOM in the Anycoin Vault. From the vault, you can easily trade, sell or buy any coin on our platform. If you choose the Anycoin Vault, you can rest assured. This is because Anycoin Direct uses cold-storage, which makes it extra secure. With the use of the Anycoin Vault, you pay less transaction fees, your cryptocurrencies are safely stored, and it offers you the ability to trade between cryptocurrencies easily and quickly. Currently, it is only possible to store Cosmos in the Anycoin Vault.