Atari token to be sold in November
The videogame company, Atari, has finally announced where you can find their token from November. We’ll tell you!
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Yes, Atari has decided to join the crypto world with an Atari Token; which is designed to be used in online games as well as the modern Atari VCS game console.
In this regard, the gaming company announced its partnership with Bitcoin.com Exchange to begin publicly selling its Atari token (ATRI) in early November.
Atari game company plans to launch its own crypto currency
Atari, the world renowned Pac-Man video game company, has decided to bet heavily on Blockchain technology.
The press release published on October 1st that the firm has decided to partner with Bitcoin.com for the launch and also to host its ERC20 token, ATRI, which will be launched in November.
ATRI will be a payment method primarily within the industry and is a project that has been under construction since early 2018.
It is clear that this is a strategy by the company to renew itself within the video game industry.
„Our goal is to continue adding use cases in the industry and to sponsor the emergence of an ecosystem focused on the Atari token and the Atari brand, which offers new types of decentralised services in the block chain,“ said Frédéric Chesnais, CEO of Atari Chain.
According to the press release, Atari has so far sold more than $1.5 million in its token during two pre-sales.
The first one raised a total of $514,000 and was mainly „contributed by the partners“ for the stress test and the launch of the Blockchain.
However, in the second pre-sale a total of $1 million was raised from the partner ICICB Group and third parties. Interestingly, a third pre-sale is currently underway and will be completed before the public sale
In the same vein, the firm said it will obtain 35% of the token’s sales revenue.
The rest of the revenue will go to the issuing partner ICICB Group.
Blockchain joins the retro wave: Atari to launch new crypto console
Details of the public sale
As before, the public sale is scheduled to take place in November 2020. At that time you will be able to purchase the token through the crypto exchange Bitcoin.com via Bitcoin, Ethereum, Litecoin and Bitcoin Cash.
Also, a very important aspect is that the user must meet the verification requirements of Know Your Customer and Anti-money laundering (AML) before the launch of the Atari token.
It is not yet known how much the Atari token will be sold for in November. We know that during the first two pre-sales the token was offered at $0.08 each.
However, Atari stressed that more details about the public sale will be offered in the coming weeks. The firm also said that they expect to add other crypto platforms soon where the token can be found to increase liquidity.