On October 29, 1 million tokens will go on sale at $ 0.25 each, anyone who signs up on the Bitcoin.com exchange can participate in the public sale
Two years or more after being announced, the token from video game company Atari is ready to pave their way for sale. Starting October 29, each token can get the price of $ 0.25 on the Bitcoin.com exchange.
At the public launch, 4 million tokens will see their sales at that price for a total of $ 1 million. After the initial public sale, the currency is going to appear on that exchange at the price determined by the bidders and applicants.
The launch of The Atari Exchange is coming soon, when this and other tokens can be exchanged, and acquired with credit cards. Atari (ATRI) may initially be used in some video games and an online casino. The company’s goal is to progressively incorporate new use cases into its ecosystem.
Atari’s plans also include expanding into the field of decentralized finance (DeFi) to finance the development of new games.
Atari Token Features and Use Cases
“Our goal is to create a token for the video game industry that is available to as many platforms and users as possible,” they report on the Atari website.
They detail that ATRI is an ERC20 token, which means that it is developed on the main Ethereum network (ETH). This is the network of choice currently for most Defi protocols and tokens.
In the Etherscan explorer, the total ATRI issued is 7,771 million, which implies it will have a market capitalization of almost USD 1,943 million during the time of its public sale, at USD 0.25 each token.
The company explains that ATARI’s features will allow it to be easily integrated into video games programmed by any developer. They mention as an example of use in video games, the bet of tokens against other players. After the game, the best player keeps the tokens bet.
The company is already working on putting Atari Casino online, this new project will feature, like other similar sites, roulette, poker tables, and blackjack. Also, they will have their games where the player’s skill will increase their chances of winning.
They also said that the Atari token will serve as collateral for the stable coin Atari USD. This token will maintain parity with the US dollar and can also be used for the products of the Atari ecosystem.
What will the Atari token distribution be like?
According to Atari, 25% of the tokens will remain in the possession of the company. They will be used to sponsor new platforms and use cases, to promote the growth of the Atari network.
20% of the tokens make up an ecosystem development fund. These will be distributed monthly for 3 years. The Atari Board of Directors are the ones who decide the amounts to be disbursed as well as the schedule. They may also adjust these decisions according to demand.
Another 10% was also distributed at USD 0.08 and USD 0.16 in pre-sales that took place during April – March and in September, respectively. Finally, another 10% will be in distribution at the public sale on October 29. In case there are tokens up for public sale without buyers, they will be burned, which would reduce ATARI’s total working capital.
By: Jenson Nuñez.
