World renowned arcade gaming and video game publisher Atari is set to begin selling its Atari tokens to the general public in November this year.
The VCS 800 platform hopes to reimagine Atari’s glory days of arcade gaming, as a modern system that intends to blend console and PC gaming. Users will be able to play a variety of games on the platform, which is powered by AMD graphics hardware, as well as stream video content and create their own applications that can be shared with other VCS users.
Ultra’s platform will enable Atari VCS users to buy, download and play PC games from Ultra, giving them access to a wide variety of triple-A titles and other games. The services will include access to live streaming, in-game asset trading (NFT) and esports tournaments.
The Daily Chain has written a full overview of the Ultra platform which can be read here, and Atari’s partnership is just the latest in a string of collaborations that includes the likes of Ubisoft and AMD.
With the upcoming launch of the VCS platform and the integration of blockchain technology powering a number of different features, Atari has also been cooking up its own native digital token.
According to the official Atari Token One Pager, the ATR token will serve as the utility and governance token of the Atari network as well as a medium of exchange within the network. This will allow people to use ATR tokens for goods and services on the network which includes partner systems like Ultra.
The company hopes that ATR will become a ‘utility token of reference’ for the gaming industry as a whole, with its use cases as an in-game token and as a means of exchanges for various services and digital products.
The One Pager also suggests that the Atari token could act as collateral to mint an Atari-USD stablecoin that would be pegged to the US Dollar like Tether. This would then be used across Atari platforms.
Once the tokens are released into circulation and are available to the general public, the company wants to launch the Atari Chain which will be a decentralized autonomous organization (DAO).
This would provide ‘governance value’ to the ATR tokens, and users will have to ‘stake to earn and are incentivized to maximize the overall growth, use and stability of the ATARI Token.’
ATR to be listed on Bitcoin.com exchange
As per the official announcement from Atari on 1 October, the ATR token is set to be listed for public sale on Bitcoin.com’s cryptocurrency exchange in November. The tokens will be available for purchase using Bitcoin, Ethereum, Litecoin, Bitcoin Cash.
The Atari token has already gone through two token pre-sale events. The first saw the tokens available for $0.08 each and over $514000 of ATR tokens were sold. Following that, a second round of private sales netted over $1mln at the same price per ATR tokens bought by third parties and Atari’s business partner ICICB.
The third private sale is currently ongoing but will end before the official public listing in October. ATR is an ERC-20 token that will have a total supply of 7,771,000,000.