Atoshi

Atoshi says its Hong Kong company began in 2018 under founder Leomars Liao. Ethereum records show that a contract created 100 billion ATOS and assigned all of them to the deployer on 29 April. The project’s current supply graphic instead labels the initial amount March 2018; the chain date anchors the deployment chronology. This is the asset CoinGecko now tracks.

The code is shorter than the later vision. It moves balances and manages allowances. It cannot mint more tokens, pause transfers, blacklist wallets, charge a token fee or upgrade itself. Whoever controls ERC-20 ATOS in a private wallet holds a simple transferable token.

Atoshi later used the language of mining for a different process. The 2024 bluepaper says phones replace power-hungry computers, but the listed work is logging in, watching ads and videos, playing games and shopping. Company systems score those actions and award balances.

That makes mobile mining a reward program rather than a consensus mechanism. A phone is not producing Ethereum blocks. It is supplying attention, commerce and referral activity to an app whose operator decides rates, verification and anti-cheat enforcement.

In March 2022 Atoshi expanded the app denomination 100-fold. The current supply diagram says one ERC-20 ATOS corresponds to 100 app ATOS. A second planned mapping would turn each app unit into 100 native units, making one Ethereum token equal 10,000 future mainnet ATOS.

The ratios explain the arithmetic, not a guaranteed exit. The FAQ says most app holdings are centrally operated and more tokens will move to Ethereum according to need. Its question 46 warns that fake-activity accounts and accounts receiving the resulting coins face anti-cheat action. It separately says an unwitting recipient who reports the receipt can continue using the account after the illicit coins are removed. That distinction does not establish that every affected account is deleted or its entire balance confiscated. No reviewed contract automatically converts an app entry into ERC-20 ownership.

Atoshi has built a visible network. On 5 September 2026, chain ID 167 was producing blocks about every five seconds above height 28.7 million. The explorer counted activity and validators. That proves a running test environment.

It does not prove mainnet completion. The official product page still says the public chain is in testing. The public node repository has one 2024 commit and describes itself as Core blockchain with Satoshi Plus consensus; the genesis repository also retains Core wording. Atoshi-specific production controls and migration rules remain undocumented.

Inside the app, an account is subject to KYC, conversion decisions and anti-cheat policy. On Ethereum, the operator cannot use the ATOS contract to freeze a wallet or inflate supply. Yet the token code promises no redemption, reserve, dividend, company share or governance vote.

The future chain is where Atoshi places cheaper transfers, smart contracts and governance ambitions. Until it launches with published migration and control rules, those are plans. The useful question for every balance is therefore concrete: is it an app entry, the fixed ERC-20, or a future mainnet unit?