About Atari Token (ATRI)
Atari Token (ATRI) Token is a decentralized cryptocurrency that was created to become the token of reference for the interactive entertainment industry. Their plan for the token is to become a universal means of payment for the interactive entertainment industry, allowing developers and publishers new options for monetization of their products, integration of smart contracts, protection of in-game assets and so much more. Read about all our latest developments below!
Atari Token (ATRI) Chain, Ltd, incorporated in Gibraltar, is responsible for the governance and ecosystem development of the ATARI Network of smart platforms using the ATARI Token. The ATARI Token is the utility and governance token for the ATARI Network. The ATARI Token serves as a medium of exchange within the ATARI Network for various ATARI goods and services, including those of ATARI’s partners. The ATARI Token is also used for rewards, staking incentives and ecosystem development programs.
Atari Token (ATRI) objective is for the ATARI Token to become the utility token of reference for the videogame industry, either as an in-game token or as a utility token for exchanges of services or products between individuals and/or companies. The ATARI Token may also be collateralized to mint ATARI USD, a stable USD pegged cryptocurrency which can be used in-game on various ATARI platforms, including the ATARI Casino and partnerships within the ATARI Universe. Once the ATARI Tokens are in circulation, the vision is to transition ATARI Chain, Ltd into a DAO structure, providing further governance value to the ATARI Token. ATARI Chain Governors must stake to earn and are incentivized to maximize the overall growth, use and stability of the ATARI Token. Governance decisions will initially be determined by ATARI Chain, Ltd.
Atari Token (ATRI) Storage Key Points
|Coin Name||Atari Token|
|Circulating Supply||594,088,885.00 ATRI|
|Source Code||Click Here To View Source Code|
|Explorers||Click Here To View Explorers|
|Chat||Click Here To Visit|
|Whitepaper||Click Here To View|
|Official Project Website||Click Here To Visit Project Website|
Token Economic Policy
ATARI Chain, Ltd, applies a token burn and/or buyback economic policy that aims to track network growth, demand and usage with the emission of new tokens into circulating supply. The ATARI Token Burn Rate is a deflationary policy that will be transparently tracked on chain and published on the ATARI Chain website. Any unsold tokens will ultimately be burned.
Token Meta Distribution
Founder’s Strategic Basket: 25% of total supply will be used to sponsor the long term emergence of smart platforms and use cases. This Strategic Basket has fully vested and can be used to invest in platforms, in token swaps, in blockchain games, and more generally in any way in order to promote the growth of the Atari Network of smart platforms and the related use cases. Ecosystem Development Fund held by ATARI Chain, Ltd: 20%. Ecosystem Development Fund disbursements are unlocked in monthly tranches over 3 years. These tranches increase over the first 24 months and then slowly decline until the pool is exhausted. However, based on demand, the Board of Directors of ATARI Chain, Ltd can modify the disbursement schedule.
What Can do with the Atari Token?
The Atari Token will immediately be available as a medium of exchange within the Atari Network for various Atari goods and services, including those of Atari’s partners. The token will also be usable within Atari Universe games. Their long-term goal is to provide as many uses as possible, so stay tuned for updates!
How is Atari Token funded?
Atari Token is funded by the shareholders of Atari Chain, Ltd. The also allocate a portion of the sales of the tokens to the operations of Atari Token.
Can you divide the Atari Token into smaller units (such as Satoshis for Bitcoin)?
Simply said, you can’t divide the Atari Token into smaller units. One unit of the Atari token is logically equivalent to one Satoshi for Bitcoin. The believe that this is more convenient for the users, removing the need for them to independently divide the token into fractions. It’s important to remember that a token’s price doesn’t dictate its value.
Who is the Atari Token team?
The Atari Token team is a combination of members of the Atari Group and of ICICB. Please note that the team of Infinity Networks Limited (“INL”) is not part of Atari Chain, Limited as the agreement wth INL has been terminated.
Can you divide the Atari Token in smaller units (such as Satoshis for Bitcoin)?
One unit of the Atari token is logically equivalent to the 1 satoshi. In other words you can’t divide the Atari token in smaller units. The believe that this is more convenient for the users than to set the token’s value to X number, and then have users possess some small fraction of it.
What is the difference between Atari Token and Bitcoin?
Bitcoin’s use is limited to storing monetary values like gold and transferring them between users in a decentralized manner. The Atari Token, on the other hand, can store complex information and be used within smart contracts. This means players will be able to trade their in-game resources – like gold and diamonds – for tokens or real-world money without the need for third parties. Developers will also be empowered to monetize their creations, as smart contracts allow us to trace every piece of intellectual property and compensate authors accordingly. This stops In-game items from being reproduced or copied, conserving their value.
Why is the Atari Token launching so much later than announced?
Atari had granted an exclusive license agreement with Infinity Networks, Limited (“INL”) and was a minority partner. The INL project was not progressing at a rate satisfactory for Atari. It took Atari until March 2020 to get the rights back and be able to launch the Atari Token with ICICB.
What is the overall trend in crypto?
Cryptocurrencies and the subsequent technology that drives them are still in their early phases. Every day more individuals, companies, and countries pivot towards the industry to empower themselves in new and groundbreaking ways. The crypto industry will continue to grow and change the world.
Since each transaction is stored on a distributed ledger, tampering with recorded history or minting new tokens from thin air to manipulate value is impossible.
We aim to enable other developers to easily integrate the Atari Token in their games.
We intend to list the Atari Token on as many platforms as possible, allowing token holders to easily make exchanges for other currencies. The choice of platforms will depend on different criteria, such as regulations, safety, and volume of transactions.
We are working on innovative games in which you can stake tokens against other players. The best player wins the prize.
This is a long-term plan and we will continue to develop our portfolio of use cases in accordance with applicable regulations. Stay tuned for updates!