Atari is planning to run an IEO for its cryptocurrency token in November on Bitcoin.com’s cryptocurrency trade.
Following the sale, the token can be listed on a number of exchanges.
It’s not clear,nevertheless, whether or not there may be normal curiosity in Atari’s cryptocurrency or playing website.
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Based on a press launch revealed on Bitcoin.com, Atari is planning to run its long-planned token sale this November.
Atari IEO Approaches
Since 2018, Atari has been planning to launch a cryptocurrency known as Atari Token (ATRI). The token has been constructed on Ethereum’s ERC-20 token customary and is supposed to be used within the firm’s on-line playing apps and aggressive staking video games.
Right this moment’s announcement reveals that ATRI can be bought throughout an Preliminary Alternate Providing (IEO) on Bitcoin.com. The corporate’s CEO Fred Chesnais has recommended that the sale will finish shortly, probably in seconds or hours.
“It is determined by the quantity … set as a tough cap and the way a lot [is raised],” Chesnais informed CoinTelegraph in a current interview.
Traders who take part within the sale will have the ability to purchase ATRI with 4 different cryptocurrencies: Bitcoin, Bitcoin Money, Ethereum, and Litecoin.
U.S. residents will be unable to purchase tokens throughout the IEO. Nevertheless, following the IEO, the token can be listed on Bitcoin.com and different exchanges, and normal traders will have the ability to buy the token.
Atari has moreover raised $1.5 million in non-public gross sales to date.
Will Atari Token Succeed?
The corporate is now not the gaming large that it as soon as was. At this level, it’s little greater than a trademark that has been bought a number of occasions. A 3rd celebration playing firm, ICICB Group, appears to be largely answerable for Atari’s upcoming on line casino plans.
Critics have in contrast Atari to Kodak, one other former large that tried to introduce a cryptocurrency however in the end failed.
Atari could be higher positioned to create a profitable cryptocurrency since on-line casinos are common, each inside and out of doors the crypto trade. Nevertheless, on condition that Atari has not but launched a working on line casino website, it’s unclear whether or not the corporate’s plans have any actual promise.
It must be famous that Atari has different crypto-related plans as effectively: Atari has partnered with Litecoin to permit customers to spend LTC in its ecosystem, and it has additionally partnered with the Extremely blockchain on the relaunch of its VCS recreation console. The corporate plans to problem a second token known as Pong Token in Kenya as effectively.
As such, Atari’s blockchain plans don’t rely solely on a single challenge, although the success of the token clearly is an indication as as to whether its different plans will succeed.
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