Star Atlas announced the initial offerings for ATLAS and POLIS tokens that will go live on FTX, Raydium, and Apollo-X exchanges. The initial exchange offering or IEO will go live only on the FTX centralized exchange.
Decentralized exchanges, Raydium, and Apollo-X, are chosen for the Initial Dex Offering (IDO). There is still no information about the time of initial offerings. The team only has chosen the platforms and published the detail about the number of tokens to be sold in the coming offerings.
Another Blockchain Game Coming to the Market
Star Atlas is another blockchain game with a focus on fully decentralizing the in-game economy. These kinds of projects often run IEO or IDO to sell their tokens initially and find the first users for running the community. The tokens are sold on centralized and decentralized exchanges for early adopters. Many of them just want the tokens to be the first in the projects, while others are looking for opportunities to earn some rewards from these initial offerings.
Star Atlas has decided to offer the two primary tokens of the gaming platform, ATLAS, and POLIS, on both centralized and decentralized exchanges to offer the opportunity of adoption for more people.
FTX is the centralized exchange that will handle the IEO for ATLAS and POLIS tokens. Star Atlas says that An amount of ATLAS and POLIS tokens equal to $1 million will be sold on FTX exchange. The initial price isn’t clear yet, and we should wait for the upcoming news. As mentioned above, some of the tokens will be sold on decentralized exchanges, too. A total of $500,000 worth of ATLAS and POLIS tokens will be offered through Raydium and Apollo-X.
Like any other blockchain game, Star Atlas has NFT incentives, too. The announcement says that ReBirth meta-poster collectors will have an advantage in the initial offerings. According to the post:
“To allow ReBirth meta-poster collectors to fully benefit from the token sale, the ReBirth meta-poster Loot Box Rewards Snapshot is changing from August 30 to August 25, 2021. NFT Badges from the rewards pack will be dropped into wallets of meta-poster Tier collectors on August 26. The remaining NFT assets will be dropped to holders seven days later, on September 2, 2021 (and not on August 31 as originally announced).”
Star Atlas plans to offer a new experience for blockchain game lovers. The platform has decided to sell some tokens in initial offerings to attract both gamers and traders. It can become a good starting point for them as the blockchain game industry is becoming congested, and the competition is getting hard.
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