Summary

• EVM-compatible Hub on Cosmos
  • EVM library (Ethermint, dev tool) for the Cosmos SDK, turned into an EVM-based blockchain in the Cosmos ecosystem.
  • Onboarding EVM developers (the biggest group, Ethereum) into the cross-chain IBC/Cosmos world
• Leveraging IBC (Inter-Blockchain Communication protocol)
  • A protocol to enable cross-chain deployments (1 app on all blockchains that support this protocol)
  • From the big chains, those already support IBC: Binance, Polygon, Avalanche, Cosmos
• Incentivise developers to build on Evmos (revenue share with validators), and users to use it (refunding part of the gas fee)
• The core of these incentives is the Revenue model
  • Transaction fees are reduced to end users (gas limit - gas used)
  • Then split 50:50 between validators and developers
• This revenue split comes with dApps built on top of the Evmos marketplace (not live yet) and only from EVM transactions, Cosmos SDK transactions are not eligible
  • This marketplace is more of a web2 feature (like Steam or Apple’s AppStore) and not mandatory in web3.
• Twitter has low engagement, but that might be due to the target audience = Developers (not so active on Twitter)
• Roadmap is a bit unclear, but the team is moving forward and the project is backed by strong VCs
• Tokenomics is inflationary with a lot of airdrops and low demand; Low TVL
• Ecosystem - https://evmos.org/ecosystem contains pretty much everything from Cosmos, not just Evmos native apps

<aside> 🔑 My Strategy

—> I don’t buy today since I believe the token will go lower in the next months (bear market with no demand for the token) and I don’t see enough usage or feedback from developers

—> I continue DCA into Cosmos which uses IBC and allows cross-chain applications + has a direct impact from Evmos

—> Once the dApp store is live I’ll review the project. If developers use Ethermint (there is a need for bringing EVM apps into interchain and is simple enough) and the dApp store won’t break anything, this one has a high potential.

</aside>

Problem and USP (7/10)

Token (3/10)

Funding & Partners (8/10)

Additional Notes