Who Are the Founders of Star Atlas?
Star Atlas was founded by CEO Michael Wagner, COO Pablo Quiroga, and head of operations Deb Lucas. Prior to founding Star Atlas, Michael Wagner worked at a VC fund and at Multichain Ventures, a company focused on producing blockchain-focused products. Pablo Quiroga is the founder of a supplement startup and worked in biotechnology before co-founding Star Atlas. Deb Lucas has a finance-based background with posts at Charles Schwab and Barclays.
What Makes Star Atlas Unique?
Star Atlas aims to deliver an immersive metaverse gaming experience that encompasses several genres and combines a cinema-quality gaming experience with an ability to earn virtual assets that can be exchanged for real-life currency. It plans to supersede its competitors by outperforming them in several areas. So far, no blockchain game combines as many different gameplay possibilities as Star Atlas. While some games offer the option to earn via staking, or battle other players for virtual assets, or explore its virtual world and form alliances, no game does all of the above simultaneously.
Players can use the ATLAS token as in-game currency to purchase assets, but they will also be able to buy NFTs on the NFT marketplace that will function as ships and other in-game equipment. At the same time, players will be able to choose a profession, such as CEO, broker, bounty hunter, pirate and a large number of others to fulfill roles on spaceships. Spaceships will also have the option to combine resources and compete not only individually, but also collectively. These so-called decentralized autonomous corporations will be able to construct entire space cities with accompanying micro-economies. The POLIS token, the second token of the Star Atlas universe, will serve as a governance token in these space cities, as well as for governance decisions regarding the game.
Star Atlas also plans to offer an NFT marketplace and an NFT release schedule to distribute and trade in-game assets. Moreover, by being integrated with the Serum DEX, ATLAS token holders will have the option to provide liquidity, or sell and buy their token holdings.
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How Is the Star Atlas Network Secured?
Star Atlas will be set up on the Solana blockchain. The team selected Solana for its fast transaction times and minuscule transaction fees, making it, as of today, the only blockchain capable of hosting such an ambitious game.
Solana is a layer one blockchain with a proof-of-stake consensus mechanism with partial Byzantine Fault Tolerance. It has 200 nodes operating worldwide that can, at their peak, process up to 50,000 transactions per second. Solana performs a set of coordinated optimizations to achieve such impressive performance and processes transactions in a multi-threaded way, which sets it apart from slower blockchains.
When Will Star Atlas (ATLAS) Trading Begin?
Star Atlas announced to allocate an amount equal to $1 million through an initial exchange offering on FTX in August. An additional $500,000 is to be distributed on an initial decentralized exchange offering on Raydium.
Can Star Atlas Hit $1?
Since the team has not announced a total token supply, it is hard to assess whether Star Atlas will be able to hit this price target. Undoubtedly, it is one of the most ambitious blockchain games to date and enjoys the backing of some very heavy hitters in the crypto space. It is to be expected that its tokens will strongly appreciate from their initial price if Star Atlas can deliver even parts of its highly ambitious whitepaper.
