THELOGICALINDIAN - The companys Ethereumbased ATRI badge will be acclimated with its bank apps
According to a columnist absolution appear on Bitcoin.com, Atari is planning to run its long-planned badge auction this November.
Atari IEO Approaches
Since 2018, Atari has been planning to absolution a cryptocurrency alleged Atari Badge (ATRI). The badge has been congenital on Ethereum’s ERC-20 badge accepted and is meant for use in the company’s online bank apps and aggressive staking games.
Today’s advertisement reveals that ATRI will be awash during an Initial Exchange Offering (IEO) on Bitcoin.com. The company’s CEO Fred Chesnais has appropriate that the auction will end quickly, possibly in abnormal or hours.
“It depends on the bulk … set as a adamantine cap and how abundant [is raised],” Chesnais told CoinTelegraph in a contempo interview.
Investors who participate in the auction will be able to buy ATRI with four added cryptocurrencies: Bitcoin, Bitcoin Cash, Ethereum, and Litecoin.
U.S. citizens will not be able to buy tokens during the IEO. However, afterward the IEO, the badge will be listed on Bitcoin.com and added exchanges, and accepted investors will be able to acquirement the token.
Atari has additionally aloft $1.5 actor in clandestine sales so far.
Will Atari Token Succeed?
The aggregation is no best the gaming behemothic that it already was. At this point, it is little added than a brand that has been awash assorted times. A third affair bank company, ICICB Group, seems to be abundantly amenable for Atari’s accessible bank plans.
Critics accept compared Atari to Kodak, addition above behemothic that attempted to acquaint a cryptocurrency but ultimately failed.
Atari ability be bigger positioned to actualize a acknowledged cryptocurrency back online casinos are popular, both central and alfresco the crypto industry. However, accustomed that Atari has not yet launched a alive bank site, it is cryptic whether the company’s affairs accept any absolute promise.
It should be acclaimed that Atari has added crypto-related affairs as well: Atari has partnered with Litecoin to acquiesce users to absorb LTC in its ecosystem, and it has additionally partnered with the Ultra blockchain on the relaunch of its VCS bold console. The aggregation affairs to affair a additional badge alleged Pong Badge in Kenya as well.
As such, Atari’s blockchain affairs do not depend absolutely on a distinct project, admitting the success of the badge acutely is a assurance as to whether its added affairs will succeed.
