EVMOS

EVMOS is the new PoS (Proof-Of-Stake) blockchain fully compatible with EVM and interoperable with the numerous chains in the Cosmos ecosystem thanks to the IBC inter-chain communication protocol.

It is built under the Cosmos SDK application layer, which enables the use and functionalities of all blockchains interconnected to the Cosmos IBC, along with the Tendermint consensus algorithm in operation with the EVM. Being compatible with the Ethereum machine under a PoS consensus protocol, it allows the use of all Ethereum tools and contracts such as Metamask, but with greater scalability and a lower cost per transaction, over Cosmos or all its IBC networks.

EVMOS brings an innovation in terms of the creation and use of EVM smart contracts, through its bridges users can transfer their Ethereum ERC-20 tokens to the EVMOS network and through the Cosmos IBC protocol transfer them to its various interconnected networks. With this EVMOS aims to be the bridge for native EVM tokens into the Cosmos ecosystem.

Smart contract developers who publish their contracts on The dApp Store marketplace and receive half of the transaction fees paid by users for using their contracts, the other half of the fees are received by the network's validators, as an incentive for developers.

The native EVMOS token is used as a governance asset for project decisions, securing the proof-of-stake chain by staking it on validators and as a spending currency for gas transaction fees.

In order to manage our EVMOS tokens we will use Metamask wallets, in which we will add the EVMOS network and Keplr, the most used wallet within the Cosmos ecosystem. Once we have our wallets we will be able to buy EVMOS tokens and manage them in different protocols.

EVMOS tokens will be highly inflationary with a release of 300 million tokens during the first year. From year 4 onwards the community will be able to vote on an alternative distribution.