PHOTON is the dedicated fee token of the AtomOne blockchain. Every transaction on AtomOne (and eventually all IBC/ICS payments across its shards) requires PHOTON for gas fees. It's created by burning ATONE (the staking token) through a one-way conversion, has a hard cap of 1 billion tokens, and is non-inflationary by design.

Security. When a single token handles both staking and fees, an attacker can buy it on exchanges, accumulate enough to control consensus (⅔ of stake), and manipulate IBC transactions to steal pegged assets. With separated tokens, accumulating fee tokens (PHOTON) gives zero consensus power. Attacking requires acquiring ATONE, which is illiquid by design.

The formula is: rate = (1,000,000,000 − photon_supply) / atone_supply. The rate naturally decreases over time as more PHOTON is minted and as ATONE inflates at 7-20% annually. Early burners get more PHOTON per ATONE.

No. The burn is irreversible at the protocol level. ATONE → PHOTON is a one-way gate. However, you can always trade PHOTON for ATONE on decentralized exchanges like Osmosis.

No — the MsgMintPhoton transaction type is fee-exempt by default. You can burn ATONE to mint PHOTON without paying any fees. Once you have PHOTON, you'll use it for all other transaction types.

No. PHOTON has a hard cap of 1 billion tokens that can never be exceeded. New PHOTON is only created when someone burns ATONE — there is no inflation, no block rewards in PHOTON, and no other minting mechanism.

PHOTON trades on Osmosis DEX — the primary decentralized exchange in the Cosmos ecosystem. The main trading pair is PHOTON/ATONE. You can also mint it directly on-chain by burning ATONE.

Any wallet that supports the AtomOne chain can hold PHOTON. Keplr is the most popular option. You can also use Ledger hardware wallets via the Cosmos app.

Currently, AtomOne accepts both ATONE and PHOTON for transaction fees (transition period). A future governance vote will activate PHOTON-only fees — at that point, every transaction will require PHOTON. The MsgMintPhoton transaction will remain fee-exempt.

AtomOne is a community-driven fork of the Cosmos Hub (Gaia), created after Proposal #848 reduced ATOM inflation. It's a return to the original multi-token architecture proposed in 2019. ATONE was distributed to ATOM holders at the time of the fork.