$ATOM $ATOM $ATOM $ATOM Here are the key points from the conversation between Magmar and Cito on July 16, 2025, translated into English (the original text was posted by a user in the "$ATOM Community Chat" Telegram group, translated to provide $ATOM users with insights): 🚀 Overall Perspective: Although the Cosmos tech stack is somewhat outdated, it has been widely adopted. We must view Cosmos with a "startup" mindset: examining user numbers and product-market fit (PMF), with the goal of breaking through the current closed circle and moving towards mass adoption. 🧱 EVM Discussion: 1. The EVM looks attractive before deployment, but as it approaches launch, it becomes clear that at least $60 million is needed to build the infrastructure. 2. To maintain user retention, at least $40-50 million must be invested annually as incentives. 3. All development teams wishing to go live must pay for funding. 4. To compete with projects like Base that can "spend unlimited money," the overall investment is estimated to reach $200 million. 5. Once deployed and tokens are issued, decisions cannot be reversed, and it is not financially worthwhile. 6. ICL Findings: Under the EVM model, everything incurs high costs. In contrast, many projects on the Cosmos Stack are "freely adopted" and are willing to pay for existing Cosmos technology. 7. The EVM model is a "one-way street," requiring $60 million annually to maintain the ecosystem, which is unsustainable. 📈 Business Model and Future Plans: 1. The future focus will be on helping real-world enterprises go on-chain, which need: sovereignty (owning their chain), interoperability (IBC), and customizable architecture. 2. Cosmos can provide dedicated chains for enterprises, which can then interconnect with other chains through IBC, which is key to ATOM's success. 3. ATOM is our medium of value storage; ICF is the foundation of ATOM. 4. Once enterprises enter, they can introduce ATOM as an asset, Hub as an infrastructure platform, and interconnect with other business chains through Eureka. 5. Initial transactions will be priced in cash, with enterprises paying cash for setup; later, ATOM will be used to cover operational costs and validators. 🏦 Central Bank Digital Currency (CBDC) Discussion: 1. Cosmos is the only blockchain stack that can provide "security and autonomy," meeting the needs of governments and central banks that want "to have their own chain." 2. Currently, we are in non-public negotiations with multiple government entities, which will be announced once completed. 3. Cosmos can provide government-level infrastructure support, which is the future direction for promoting blockchain adoption. 4. In addition to providing services, we will also commercialize existing technology for institutional clients. 📊 Positioning of ATOM and Investment Metaphor: 1. If you like a company, invest in its stock; in Cosmos, ATOM is the "stock symbol." 2. ATOM is the value anchor and feedback medium of the Cosmos ecosystem, possessing investment attributes. 🧩 Cosmos as a Suite Service Provider: 1. We have built the Cosmos EVM, which is the architecture that Ripple, TAC, and Ondo want to adopt. 2. Eureka is still in its early stages and can only connect to ETH EVM, which is insufficient to attract other chains. 3. In the future, we need to enhance connectivity with chains like SOL, Base, and ETC to improve overall inter-chain interoperability. 4. Once connectivity is completed, we can package and sell the foundational stack and services to enterprise clients. 5. Many clients are expected to choose us because they need to work with a reliable team and purchase integration services compatible with their own stack. 6. Cosmos's products are not just technology; they are "one-stop integrated business solutions." NodeStake @NodeStake_top is currently holding a staking event for $ATOM, giving away 10 iPhone 17 phones. Details as follows: