All in Bits to launch governance blockchain ahead of Cosmos Hub fork

Dueling visions from estranged cofounders Jae Kwon and Ethan Buchman could test the limits of decentralization.

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All in Bits, a firm headed by Cosmos co-founder Jae Kwon, is preparing to launch its new GovGen blockchain and token on Feb. 27, ahead of the Cosmos Hub AtomOne fork.

The launch will include the genesis distribution of the “GovGen” token to Cosmos Hub stakeholders who previously voted “no” or “no with veto” to prop 848, a proposal to lower inflation of the ATOM token to 10%. This token will purportedly be strictly used for voting and won’t be transferable.

Just three days later, as of the time of this article’s publication, the @donkeykwon account is no longer accessible.

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