Cosmic Network

Project Overview

The Cosmic Network is a Layer-1 blockchain platform designed to bring real-world assets on-chain while providing fast transaction speeds and low fees. The COSMIC token serves as the network's native cryptocurrency for paying transaction fees and participating in network governance.

Purpose and Utility

The intended utility of COSMIC includes: network gas fees, governance participation, staking for network security, and facilitating the tokenization of real-world assets. The current usage largely aligns with these stated purposes, with active staking and governance participation.

Business Model Evaluation

The project's business model appears to focus on legitimate blockchain infrastructure development and real-world asset tokenization. There is no evidence of involvement in prohibited activities like gambling, interest-based lending, or adult content.

Development Activity

The project maintains an active GitHub repository with regular commits, showing ongoing development work on the core protocol and supporting tools. The team regularly publishes technical updates and improvement proposals.

Token Distribution

The token distribution includes: 20% to the founding team (vested over 4 years), 30% for ecosystem development, 25% for staking rewards, and 25% for public sale. Vesting schedules are transparently documented and enforced through smart contracts.