Atari Token (ATRI) -Breaking
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Coin Healthcheck: Atari Token (ATRI)
About
Atari Token was an ERC-20 token, created in 2020 to allow payments for Atari’s videogame and interactive entertainment industries.
ATRI, the native cryptocurrency of Atari Chain is a subsidiary company of Atari. It was created by Atari, ICICB and is one the most prominent financial services companies in the Middle East. Atari represents one of the world’s most iconic video game brands.
Current Status
ATRI can be used to purchase products or services in the Atari online entertainment platform, which also includes gambling and betting.
Atari Chain aims to make ATRI easy to integrate directly into other developers’ games as a form of payment.
ATRI, the ERC-20 utility token built on blockchain technology is called.
ATRI is currently available for trading and staking.
Website & Whitepaper:
At the moment of writing, ATRI documentation (whitepapers, strategies, and tokenomics), is not available. AtariChain.com states the whitepaper will soon be made available on one of its official sites.
Since 2020, AtariTokens.com information has been inactive. Private sales are expected to occur in March 2020. However, they continue to be presented in future tense. Broken links exist in the terms and privacy policies.
Stage of development:
ATRI is available on Fantom Blockchain starting September 2021. Blockchain with proof-of-stake allows faster transactions and lower transaction fees than Ethereum.
ATRI Wallet, decentralized exchange and ATM wallet available.
Decentraland to be launched crypto casino in partnership with Decentral Games
10% of supply (including 289M tokens burnt in January, 2021) sits in “Reserve” until December 31, 2023. The Atari community can decide to either burn them, or give them to Atari Chain.
Roadmap:
Atari is building a metaverse called “Alphaverse.”
There is no official roadmap.
Fundraising:
ATRI Pre-Sale (0.08) has raised more than $1.5M in the first two rounds.
Order processing issues, withdrawal delays and crediting issues were the final straws in the initial public sale at.com. Atari went silent. Soon after, the ATRI price plummeted from $0.16 down to $0.04.
Teams
Atari’s blockchain division is led by the current CEO of Atari, Frédéric Chesnais.
Half of Atari Chain Ltd. is owned by ICICB. This financial services company is controlled by Crown Prince Dubai Sheikh Marwan Bin Mohamed Bin Rashid Al Maktoum.
CBI (Crypto Blockchain Industries) licenses the creation of virtual worlds using blockchain technology that integrate Atari Tokens. CBI belongs also to Chesnais.
LinkedIn has removed the official Atari Chain account.
Slow customer service is a complaint from investors.
The Community
Twitter (NYSE.) (16.3K), Telegram (44.1K), Reddit (3.13K), Medium (95)
Regular postings, active communities
The Key Metrics
Maximum supply 7.7 billion. In January 2021, 289,000,000 ATRI were burned.
Circulating Supply: 886 millions
Market Cap$128,000,000
Trading Volume: 3-7 M/24h average.
Listings on exchanges:
Listing on 25 cryptocurrency exchanges. (See the complete list).
Token allocation:
ATRI is held in 18.9K wallets
Around 30 wallets have more than $1M in Atari Tokens.
Check out our Wallets:
Accessible via Trust Wallet or MetaMask.
Price changes
5 Months after the listing was completed, we revoked the original public sale price of $0.25
ATH at $0.78 for six months following listing
Nov 2020: ATL at $0.002
ATRI has fallen more than 80% from the ATH as of the writing.
Verdict
- This goal is ambitious and achievable, provided Atari establishes solid partnerships with its competitors. In 2021, Atari switched its strategy away from mobile free-to-play games to online casino and premium gaming.
- Although team leaders are experts in business law and finances, there is still much to learn. We don’t know other team members behind Atari Chain. The website is not up to date since 2020 and there is no roadmap.
- ATRI belongs to the category of small market capital coins. These have the most potential for value growth.
- If the Atari community does not vote to lock almost 10% ATRI tokens, there is still the possibility of ATRI’s value dropping.
- Atari Token’s corporate support might make ATRI more resilient, but ATRI must first address transparency concerns in order to be a sustainable investment.
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