Please note that this is an outdated version of this article. You can find the updated article here.
What is Cosmos?
Cosmos is a highly-anticipated distributed ledger project that presents a compelling solution to blockchain interoperability and scaling. Cosmos aims to create a network of blockchains all capable of interacting with one another through a consensus engine called Tendermint Core. Cosmos introduces solutions to solve many of the interoperability and scalability issues needed for blockchain applications to reach mainstream adoption. Atoms are the native token of the Cosmos Network.
In the initial phase of the Cosmos launch, Atoms cannot be transferred. During this time, ICO participants can securely preview their Atoms balance on Poloniex. Once transferability is enabled, Poloniex users will be able to redeem their Atoms on Poloniex and start trading immediately; BTC and USDC markets will be opened to all of our users.
How to Preview Your Atoms Balance
- Navigate to the Poloniex deposit and withdrawal screen. For your safety, always confirm that you are securely logged into Poloniex by reviewing the URL:
- Upon arrival, locate Cosmos and click, Preview Your Atoms Amount. You will then be prompted to enter your seed phrase:
Note: Your seed phrase will not leave your browser and is not stored with Poloniex. Your browser will use the seed phrase to determine your Cosmos public address and then display the amount of Atoms you purchased during the ICO.
- Once you enter your seed phrase, you will be shown your Cosmos Atoms balance:
Frequently Asked Questions (FAQ)
How do I participate in ICO Redemption?
In order to participate in the Cosmos ICO Redemption, you had to participate the fundraiser/token sale on April 6, 2017. If you participated in the token sale, you will have 12 word seed phrase which you will use to claim your tokens when the network launches.
How do I get ATOM on Poloniex?
If you participated in the fundraiser/token sale, you can get ATOM by redeeming your coins through our ICO Redemption tool once transferability is enabled. If you did not participate in the ICO token sale, you will be able to buy and sell ATOM once transferability is enabled and trade is opened.
I can preview my ATOM, but why can’t I trade ATOM?
You will be able to trade ATOM once the redemption is complete, transferability is enabled, and trades open.
How safe is entering my seed phrase into Poloniex?
Entering your seed phrase into Poloniex is safe, as your seed phrase will not leave your browser and is not stored with Poloniex. Your browser will use the seed phrase to determine your Cosmos public address and then display the amount of Atoms you purchased during the ICO.
What if I want to delegate my ATOM to a staker/validator?
ICO participants who wish to delegate their Atoms to a validator should follow these instructions here.
When will the transferability be enabled?
The Cosmos network determines when the transferability is enabled. After the mainnet launches, governance will wait for the network to considered secure and determine when transferability can be enabled.
How many seed phrases can one account enter?
You can preview and redeem as many seed phrases as you’d like.