CryptoLite - Video Game Leader Atari, one of the world's most well-known brands and producers of interactive entertainment, announces the sale of its Ethereum-based token soon. On October 1, it announced an agreement with the Bitcoin.com platform to offer Atari Token (ATRI) for public sale and subsequent listing on the Bitcoin.com platform.
In a press release, the Atari Group announced that it has chosen Bitcoin.com to host the token sale, which is scheduled to be launched in November. The exact details have not been announced yet.
Atari Token IPO (ATRI
Atari will conduct a public offering of its token on Bitcoin.com in early November. Once the sale offer is complete, the ERC20 token will be available for trading on the Bitcoin.com platform Atari.
Frédéric Chesnais, CEO of Atari, predicts:
"Selling a token can take less than one second."
The sale depends on the situation at the time. Where it can be done in one second, and the process can take one hour. It depends on the amount you set as safety cover and how much you earn. ”
Atari has raised $ 1.5 million so far on its private tours. Chesnais stated that the most important thing for him in the IPO is not an additional capital increase but an immediate ex post liquidity.
He has been negotiating with various decentralized funding protocols about potential use cases for Atari tokens, but the lack of liquidity has been an obstacle.
Chesnais also believes that the Atari token can create a unique decentralized finance use case - game financing, which involves financing new games for a portion of its future revenue:
“We will include the token, because we have invested more than 3 billion euros in games and game financing. And upon listing the token, I'll be able to suggest some very innovative ways to fund the game. This is one of my goals. ”
He indicated that the sale will be in compliance with all local regulations. Therefore, it will not be available to US citizens.
Atari is a publicly listed company, and the public offering of the token is through an entity located in Gibraltar in which it owns 50% of the shares.
Atari Token public offering
The token's public offering page will be launched on the Bitcoin.com platform on October 15, so users can sign up, register, and launch the KYC and AML program before the token's launch.
While selling, users can buy Atari token using available cryptocurrencies such as Bitcoin , Ethereum , Litecoin and Bitcoin Cash .
Atari intends to list its token on as many platforms as possible, allowing token holders to easily make exchanges for other currencies and to allow more liquidity.
The choice of platforms depends on various criteria, such as regulations, security, and transaction volume.
Initially, Atari plans to use the tokens in areas that it already has a strong presence, including casino games, video games and blockchain games.
The CEO explained the company's goal and grand plans for encrypted digital assets.
"Our goal is to continue to add use cases in the industry and nurture the emergence of a system centered around the Atari token and the Atari brand, offering new types of decentralized services on the blockchain network."