Transferability of ATONE

[WaqarMMirza]

"Utility: PHOTON is a token specifically created to be the sole fee token of the entire AtomOne Hub. While the only way to mint PHOTON is by burning ATONE, after minting the PHOTON token is expected to be transferable."

This statements imply that ATONE is not transferable one has to burn ATONE for PHOTON to make it transferable. If this is true I have the following questions.

• If the ATONE is not transferable and only be staked or kept idle, meaning only the genesis addresses will get the ATONE.
• It obsoletes the LSDs.
• There can be no market of the ATONE hence no monetary price.
• It reduces the pressure on CEXs to list the ATONE they will get in the genesis.

All that aligns with Jea's vision of "Atom is not money" but I just want to confirm it.

[giunatale]

ATONE should be equally transferable, the point was about how to mint PHOTONs, there is nothing stating ATONE tokens won't be transferable

[WaqarMMirza]

Thank you so much if I change the quoted statement to "PHOTON is a token specifically created to be the sole fee token of the entire AtomOne Hub. The only way to mint PHOTON tokens is by burning ATONE." Does it miss any message we want to convey?