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Alto - You choose. We launch.
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In aerospace, Assembly, Test and Launch Operations (A.T.L.O.) is the phase of the spacecraft project that comprises building the spacecraft, testing it and getting it launched. Atlo Protocol represents these phases for tokens in the Terra Ecosystem.
Atlo Protocol brings the familiarity of Terra and Cosmos governance to the process of launching tokens. It enables the Terra community to govern and vote on the ideas, projects and applications that should be launched into their Terra Ecosystem in the same way that Terra, Anchor and others are governed today. Stakers of $ATLO Token vote on proposals that determine the direction of the Protocol, from what will launch on the platform to the parameters that manage the governance and launch procedures. Launchpads have a significant challenge to ensure their process is fair to both launchers and investors. That does not mean it needs to be complex, confusing or unfair to those participating in the process.
Participation is fundamental to Atlo Protocol. By incentivising the desired behaviors in Atlo Protocol, investors are rewarded with allocations and other benefits. For launchers, knowing they get access to investors with a proven track record who are investing for the long term makes it an attractive environment for everyone involved in Atlo Protocol.
Atlo Protocol is built to be extensible and flexible as the process of governance, investment and launching means it iterates and evolves over time. Atlo will continue to evolve the governance process as Cosmos governance evolves. Atlo does not represent one approach to launching; it will continue to offer new launch methods as more research and development is done in this space. It will always need to be improved. Atlo facilitates project launches without teams taking on all the challenges of launching tokens. This allows launchers to focus on building their best product possible at their most critical time of development while Atlo provides the best launch experience possible.
Any launcher can apply to launch on Atlo Protocol provided they meet a minimum set of launch criteria, and are considered to be of a suitable quality by Atlo validators and the community.
Those wanting to launch on the Atlo Protocol need to do the following:
Bring the best and brightest ideas, projects and products they believe the Terra community wants, to Atlo Protocol.
Provide the details required to submit the proposal.
As part of the community vote, Atlo Protocol will market the launch by ensuring all activity related to the launch is posted to the relevant forums and social media to ensure active and fair participation in the launch process and launch itself.
In Terra, validators participate in consensus by broadcasting votes, commit new blocks to the blockchain, and participate in governance of the blockchain. Validators can cast votes on behalf of their delegators. A validator's voting power is weighted according to their total stake. The top 130 validators make up the Terra Active Validator Set and are the only validators that sign blocks and receive revenue.
In Atlo, validators play the same governance role where stakers can delegate their tokens to a validator who casts votes on their behalf on launch proposals. Validators provide a first layer of protection to investors by vetting projects and performing due diligence on behalf of their respective delegators. It also facilitates validators and launchers confirming that all required details for the proposal are sufficient for it to go through the governance process.
Any participant in the network can signal their intent to become a validator by creating a validator and registering its validator profile which includes details about the validator.
In the initial version of Atlo, validators will come to a consensus on a submitted proposal by signing the proposal prior to the deposit phase. This will consist of the top 5 validators but this number can be changed via governance over time. To pass consensus, 3 out of 5 validators must sign the proposal to approve it. Validators are rewarded by receiving a percentage of the launcher fee. The validator receives their commission for acting as a validator with the rest of the fee being rewarded to the delegators as a percentage of their $ATLO delegated of the total $ATLO delegated to the validator.
Governance is fundamental to Atlo Protocol. In line with a decentralized Terra platform, it forms the backbone of all decision making at key points in the launch process.
Governance of Atlo Protocol is managed by stakers of the $ATLO Token and where staked tokens are used for voting on proposals. Proposals include new tokens to be launched by the protocol, features to be added or modified to the protocol and granting funds to assist projects that aim to improve the Atlo Protocol.
Governance Procedure
The following is the governance proposal procedure for Atlo Protocol, which is directly inherited from the Terra and Cosmos SDK governance module. This is to ensure consistency across the ecosystem for all users alike.
For more information on that process, see this link here.
Note that because the governance model is based on how it is done elsewhere in the Terra Ecosystem, we are simply repeating this common process in the descriptions below with minor modifications highlighting how it works in the context of the Atlo Protocol governance procedure.
Governance Parameters
- Deposit Period
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- Voting Period
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- Token Launch Proposal
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- Token Launch Allocations
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Deposit Period
After a proposal is submitted, it enters the deposit period, where it must reach a total minimum deposit (MinDeposit) of $ATLO Tokens within the maximum deposit period (MaxDepositPeriod) from the time of submission. The deposit threshold is reached when the deposits from all interested participants meets or exceeds the minimum deposit threshold (MinDeposit).
Deposits are required to protect against spam and are returned for proposals that pass or fail except when a proposal is vetoed. Deposits of $ATLO tokens in vetoed proposals will be deposited into the Atlo Community Warchest.
Voting Period
If the minimum deposit is reached before the end of the deposit period, deposits are then returned and the proposal proceeds to voting for a period defined by the governance parameter VotingPeriod. Stakers of $ATLO Tokens can cast votes for the proposal with 4 voting options available:
Yes - in favor
No - not in favor
NoWithVeto - veto
Abstain - does not influence vote
1 staked $ATLO Token = 1 vote.
1 vesting $ATLO Token as at MaxDepositPeriod from today = 1 vote.
Tallying
For a proposal to pass, the following conditions must be met:
1. Voter participation must be at least Quorum Q:
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2.The ratio of NoWithVeto votes must be less than Veto V:
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3. The ratio of Yes votes must be greater than Threshold T:
![](https://golden-storage-production.s3.amazonaws.com/topic_images/4e0d5b3ae30645c7ad7ee3f6245ab1d3.png)
If any of these conditions are not met, the proposal is rejected. These governance conditions/parameters can be changed by submitting a “Modify Governance Parameters” proposal to evolve and adapt these conditions over time.
Submitting The Token Launch Proposal
Proposers wanting to launch on the Atlo Launchpad will need to submit a Token Launch Proposal which is voted on by stakers of $ATLO as per the governance procedure defined above.
The Token Launch Proposal contains all the parameters required to create the smart contract, and once successfully voted, will be used for deploying the smart contract at the end of the voting period. The Token Launch Proposal will require information including, but not limited to:
- Introduction
- Project Overview
- Links to litepapers
- Vesting schedules
- Tokenomics and Pricing
- Launch Method
- Minimum Prefunding Amount
- KYC Requirements
- Release Dates
- Team Information
- Any whitelisted wallets required for the launch
- Investors
- Social Media Links
- Other items identified enabling the community to make an informed decision on the quality of the project.
Staking is fundamental to Atlo Protocol. Staking provides stability to the protocol, facilitates voting on governance and rewards those for supporting the protocol over the longer term. Atlo Protocol will provide both LP staking and single sided staking.
Atlo tokenomics rewards those that stake their $ATLO in the Protocol. In addition to this, the Atlo Community Warchest provides a mechanism for ongoing rewards to be available for stakers.
Atlo will not implement an unstaking penalty directly. Instead, unstaking is penalised via the Atlo Rating. Please read the penalties section of the Atlo Rating to understand the impact unstaking of tokens has on the Atlo Rating score.
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The Atlo Community Warchest is a pool of $ATLO Tokens and UST managed by the Atlo Protocol to reward participation, fund community grants and continuously improve the protocol.
$ATLO Tokens will be collected in the community warchest through vetoed proposals. These $ATLO tokens will be invested back into the participants of Atlo Protocol to incentivise and encourage greater participation.
Atlo will also develop mechanisms to increase Protocol Owned Liquidity. All liquidity generated via the community using these mechanisms will be held in the Community Warchest. This opens up a number of options to increase the diversity of the portfolio of the Community Warchest over time.
UST will be collected from fees of token launches on the Atlo Launchpad and from any interest earned that investors have allocated from their deposited UST to the Community Warchest. The Community Warchest UST will be used to reward the most active participants in Atlo Protocol.
Any UST held in the Community Warchest will be deposited in Anchor to earn interest over time to increase the size of the Warchest.
Atlo Protocol is developed modularly so that it is extensible and adaptable as it evolves over time. Additionally, the governance of Atlo Protocol will drive the direction of what is developed for the Protocol as per the community needs that are proposed and approved. Given this, Atlo’s roadmap is hard to define. However, the Atlo Team have identified some high level roadmap items that are likely to be interesting to the community:
Protocol Owned Liquidity Methods:
- Liquidity Bootstrapping Pools
Launch Types:
- NFTs
Launch Market:
- Smart Contract Auditing Services
- Marketing Services
- Community Moderators
- Legal Services
- Advisory Services
- Tokenomics design
DeFi:
- Borrowing against the forward value of vesting tokens and the related liquidation mechanism
- Links and integration into other DeFi protocols that assist investors to maximise the utility of their funds and tokens
- Swaps & Exchange
Cross Chain
- Atlo across the Cosmos Ecosystem
- Launchpad of Launchpads
In terms of capability defined in the whitepaper itself, the order of the roadmap for development is as follows:
1. Atlo Landing Site
2. Whitelisting Process
3. Know Your Customer
4. Atlo Account Deposits and Withdrawals
5. Project Prefunding
6. Token Generation
7. Token Allocations
8. Staking
9. Vesting Schedules
10. Swap Mechanism
11. Atlo Rating
- Staking and Unstaking
- Votes
- Vote Quality
12. Governance
13. Validators
14. Fair Launch Auction
15. Community Warchest
16. Atlo Rating
- Contributions to Community Warchest
17. Earning Anchor Interest on deposited UST
18. Token Farming on deposited UST
19. Protocol Owned Liquidity
20. Atlo Rating
- Investor Quality