{"id":104520,"date":"2020-11-04T07:38:47","date_gmt":"2020-11-04T04:38:47","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/atari-token-falls-70-just-days-after-public-sale-concludes\/"},"modified":"2020-11-04T07:38:47","modified_gmt":"2020-11-04T04:38:47","slug":"atari-token-falls-70-just-days-after-public-sale-concludes","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/atari-token-falls-70-just-days-after-public-sale-concludes\/","title":{"rendered":"# Atari token falls 70% just days after public sale concludes"},"content":{"rendered":"

“# Atari token falls 70% just days after public sale concludes <\/strong>”
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Atari Token (ATRI<\/a>), the first foray into a gaming digital currency by legendary video game<\/a> developers Atari Interactive, ended its first 36 hours of trading down almost 70%. The current price is well below the public sale price and is even below the discounted price in the presale rounds.<\/p>\n

The token sale \u2014 held on Bitcoin.com exchange and concluding two days before trading began \u2014 was reportedly marred<\/a> by several mishaps. These included challenges with order processing, non-crediting of funds, and delays in withdrawals of up to 16 hours. The Atari Token team has yet to comment on these issues and their usually-active Twitter<\/a> account<\/a> has been relatively silent over the last few days.<\/p>\n

By the time public sale participants were able to access their tokens, on Nov. 2 around 3pm UTC, the price of ATRI had already been crushed, falling as low as $0.04, which represents an 84% discount from the public sale purchase price of $0.25. <\/p>\n

Tokens were also sold at a discounted rate in three presale rounds, at $0.08 per token in the first two rounds and $0.16 in the third. In all rounds, token sales reached their hard cap amounts of $1 million per round.<\/p>\n

Though initially launched on Bitcoin.com Exchange, trading volume<\/a> for ATRI has been quick to migrate to Uniswap, which now hosts the token\u2019s most popular pairing: ATRI\/WETH.<\/p>\n

Atari Token\u2019s stated mission<\/a> is to \u201cbring decentralization and universality to the video game and interactive entertainment industry,\u201d with ATRI used as a utility token across multiple video games and other facets of interactive entertainment. <\/p>\n

The concept for the token was first introduced by Atari in June of this year. On November 2nd, Atari announced<\/a> that the online multiplayer game Karma the Game of Destiny<\/em> will use ATRI as an in-game currency for purchases and transactions.<\/p>\n

In addition to its utility token endeavors, Atari also plans to launch a line of NFT collectibles on the WAX blockchain. The first series<\/a> to be released features<\/a> video game box art from Atari\u2019s original console games, enhanced by added motion, graphics and 3D elements. <\/p>\n<\/div>\n