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Atari Token Falls 70% Just Days After Closing Public Sale

November 4, 2020

Atari Token (ATRI), legendary video game developers’ first foray into digital gaming currency Atari Interactive, He finished his first 36 hours of trading at almost 70%. The current price is well below the public sales price and even below the reduced price in the pre-sales rounds.

The token sale, which took place on the Bitcoin.com exchange and was completed two days before the start of trading, was marred by several mishaps. This included challenges Order fulfillment, non-crediting of funds, and withdrawal delays of up to 16 hours. The Atari Token Team has not yet commented on this or its issues Twitter account generally active has been relatively quiet the last few days.

When the participants in the public sale were able to access their tokens at around 3 p.m. UTC on November 2, The ATRI price had already been pushed down, fall as low as $ 0.04This is an 84% discount over the public purchase price of $ 0.25.

Atari Token Falls 70% Just Days After Closing Public Sale
Atari Token Falls 70% Just Days After Closing Public Sale

The tokens were also sold at a discounted price in three rounds of presale.at $ 0.08 per token in the first two rounds and $ 0.16 in the third round. In all rounds, token sales reached their maximum limit of $ 1 million per round.

Although it was originally launched on the Bitcoin.com exchange, ATRI’s trading volume was quickly migrated to Uniswap, which today contains the most popular combination of the token: ATRI / WETH.

The stated mission of Atari Token is “Bring decentralization and universality to the video game and interactive entertainment industry”, using ATRI as a utility token in multiple video games and other facets of interactive entertainment.

The concept of the token was first introduced by Atari in June of this year. November 2nd, Atari announced that the multiplayer online game Karma the Game of Destiny will use ATRI as the game currency for purchases and transactions.

In addition to your utility token efforts Atari also plans to introduce a number of NFT collectibles on the WAX ​​blockchain.. The first series to be released features video game boxes from the original Atari console games that have been enhanced with additional movement, graphics and 3D elements.