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InvestmentsAtari Token (ATRI) By DailyCoin

Atari Token (ATRI) By DailyCoin


Coin Healthcheck: Atari Token (ATRI)

About
Atari Token is an ERC-20 token created in 2020 to facilitate funds inside the online game and interactive leisure trade of Atari.

ATRI is the native crypto of Atari Chain, a subsidiary crypto firm created by Atari and ICICB, which is among the main monetary service corporations within the Middle East. Atari represents one of many world’s most iconic online game manufacturers.

State of Project
ATRI is a token used to pay for services and products inside the Atari on-line leisure ecosystem, which incorporates video video games, playing, and betting platforms.

Atari Chain goals to make ATRI straightforward to combine instantly into different builders’ video games as a type of fee.

ATRI is the ERC-20 utility token, constructed on the blockchain.

Currently, ATRI can be utilized for buying and selling, staking, and enjoying video games.

Website & Whitepaper:
ATRI documentation (whitepaper, technique, and tokenomics) is unavailable on the time of writing. One of the official web sites, AtariChain.com, states that the whitepaper is being up to date and can be accessible quickly.

Information on AtariTokens.com has not been up to date since 2020. Private gross sales, meant to occur in March 2020, are nonetheless introduced sooner or later tense. There are damaged hyperlinks on the privateness coverage and phrases of use.

Development stage:
ATRI accessible on Fantom blockchain from September 2021. Proof-of-stake blockchain allows quicker transactions at decrease transaction charges in comparison with Ethereum.

ATRI Wallet and decentralized change accessible.

Partnership with Decentral Games to launch crypto on line casino on Decentraland.

10% of provide (together with 289M tokens burnt in January, 2021) sits in “Reserve” till December 31, 2023. Atari neighborhood will resolve whether or not to burn them or to provide the proper to Atari Chain to eliminate them.

Roadmap:
Atari is constructing a metaverse referred to as “Alphaverse.”

No roadmap supplied on official web sites.

Fundraising:
The first two rounds of ATRI presale ($0.08) raised over $1.5M.

The first public sale on .com ended with order processing, fund crediting points and withdrawal delays. Atari went silent. ATRI value slumped from $0.16 to $0.04 quickly after.

Team
Atari’s blockchain division is led by the present CEO of Atari, Frédéric Chesnais.

50% of Atari Chain Ltd. belongs to ICICB, a monetary service firm owned by Crown Prince of Dubai Sheikh Marwan Bin Mohammed Bin Rashid Al Maktoum.

Licensing with CBI (Crypto Blockchain Industries, SA) for the event of blockchain-enabled digital worlds that may combine Atari Tokens. CBI additionally belongs to Chesnais.

Official Atari Chain profile on LinkedIn disabled and not exists.

Investors complain about sluggish buyer assist.

Community
Social media accounts: Twitter (NYSE:) (16.3K), Telegram (34K), Reddit (1.3K), Medium (95).

Regular posts, lively communities.

Key Metrics
Max provide: 7.7 billion. Burned 289 million ATRI in January 2021.

Circulating provide: 886 million

Market Cap: $128 million

Trading Volume: 3-7 M/24h common.

Exchange listings:
Listed on 25 cryptocurrency exchanges (see the complete listing)

Token allocation:
18.9 Ok wallets maintain ATRI.

Around 30 wallets maintain greater than $1M of Atari Tokens of their accounts.

Wallets:
Available by way of Trust Wallet, MetaMask, Binance Chain Wallet.

Price actions:
Regained preliminary public sale value ($0.25) 5 months after itemizing.

ATH of $0.78 six months after itemizing.

ATL of $0.002 in November 2020.

ATRI is greater than 80% down from the ATH on the time of writing.

Verdict

  • The purpose appears bold however real looking if Atari manages to ascertain stable partnerships and win its place among the many opponents. The firm shifted its technique from free-to-play cell video games in direction of on-line casinos and premium gaming in 2021.
  • Team leaders have profession experience in funds and enterprise legislation, however there are vital knowledge factors lacking. We don’t know different group members behind Atari Chain. There is not any official roadmap, the web site has not been up to date since 2020, and the whitepaper is on maintain.
  • ATRI falls beneath small market cap cash, which have the best potential to develop in worth.
  • However, the chance of ATRI worth falling stays if the Atari neighborhood votes to not burn nearly 10% of locked ATRI tokens in 2023.
  • The company backing for Atari Token would possibly assist ATRI stand the check of time, however the venture should take care of transparency points first to grow to be a extra sustainable type of funding.

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