Atari Token (ATRI) by DailyCoin

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Coin Health Check: Atari Token (ATRI)

About Atari Token is an ERC-20 token created in 2020 to facilitate payments within Atari’s video game and interactive entertainment industry.

ATRI is the native crypto of Atari Chain, a crypto affiliate created by Atari and ICICB, which is one of the leading financial services companies in the Middle East. Atari is one of the most iconic video game brands in the world.

The ATRI Project Status is a token used to pay for products and services within the Atari online entertainment ecosystem, which includes video games, gambling, and betting platforms.

Atari Chain aims to make ATRI easy to integrate directly into games from other developers as a form of payment.

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

Currently, ATRI can be used for trading, staking, and gaming.

Website and White Paper: ATRI (White Paper, Strategy and Tokenomics) documentation is not available at the time of writing. One of the official websites, AtariChain.com, says the white paper is in the process of being updated and will be available soon.

The information on AtariTokens.com has not been updated since 2020. Private sales, which are supposed to take place in March 2020, are still shown in the future. There are broken links on the privacy policy and terms of use.

Stage of development: ATRI available on the Fantom blockchain from September 2021. Proof of stake blockchain enables faster transactions at lower transaction fees compared to Ethereum.

ATRI wallet and decentralized exchange available.

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

10% of the supply (including 289 million tokens burnt in January 2021) is in “Reserve” until December 31, 2023. The Atari community will decide to burn them or give Atari Chain the right to get rid of them.

Roadmap: Atari is building a metaverse called “Alphaverse”.

No roadmap provided on official sites.

Fundraising: ATRI’s first two presale cycles ($ 0.08) raised over $ 1.5M.

The first public sale on .com ended with order processing, fund credit issues and withdrawal delays. Atari fell silent. The ATRI price dropped from $ 0.16 to $ 0.04 shortly thereafter.

Team Atari’s blockchain division is headed by current Atari CEO Frédéric Chesnais.

50% of Atari Chain Ltd. is owned by ICICB, a financial services company owned by the Crown Prince of Dubai, Sheikh Marwan Bin Mohammed Bin Rashid Al Maktoum.

License with CBI (Crypto Blockchain Industries, SA) for the development of blockchain-enabled virtual worlds that would integrate Atari Tokens. CBI is also owned by Chesnais.

The official profile of the Atari channel on LinkedIn is deactivated and no longer exists.

Investors complain about slow customer support.

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

Regular posts, active communities.

Key indicators
Maximum supply: 7.7 billion. Burned 289 million ATRIs in January 2021.

Circulating power supply: 886 million

Market capitalization: $ 128 million

Trade volume: 3-7 M / 24h on average.

Exchange quotes: listed on 25 cryptocurrency exchanges (see full list)

Allocation of tokens:
18.9K wallets contain ATRI.

About 30 wallets hold over $ 1 million worth of Atari tokens in their accounts.

Wallets:
Available via Trust Wallet, MetaMask, Binance Chain Wallet.

Price movements: Resumption of the initial public sale price ($ 0.25) 5 months after registration.

ATH of $ 0.78 six months after registration.

ATL of $ 0.002 in November 2020.

ATRI is down over 80% from ATH at the time of writing.

Verdict

  • The goal seems ambitious but realistic if Atari manages to forge solid partnerships and earn its place among the competition. The company changed its strategy from free mobile games to online casinos and premium games in 2021.
  • Team leaders have professional expertise in finance and business law, but important data points are missing. We don’t know of any other members of the team behind Atari Chain. There is no official roadmap, the website has not been updated since 2020, and the white paper is on hold.
  • ATRI is one of the small-cap coins, which has the greatest potential for growth in value.
  • However, the risk of ATRI falling in value remains if the Atari community votes not to burn nearly 10% of locked ATRI tokens in 2023.
  • The company’s backing for Atari Token could help ATRI stand the test of time, but the project must first address transparency issues to become a more sustainable form of investment.

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