Star Atlas

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Discover Star Atlas's fundamentals and latest news.

This content was generated by Whalee (BETA), an AI crypto assitant that analyses cryptocurrencies. Informations can be incomplete and/or erroneous. Please always double check and DYOR.

What is Star Atlas?

Star Atlas (ATLAS) is a cryptocurrency token used in a space-themed, blockchain-based, massively multiplayer online role-playing game built on the Solana network. The game allows players to explore, engage in combat, and manage resources, with a focus on decentralized governance and a play-to-earn model. The ATLAS token serves as the in-game currency, while the POLIS token is used for governance and voting within the Star Atlas DAO.

How is Star Atlas used?

Star Atlas (ATLAS) is the native in-game currency used within the Star Atlas metaverse. It serves as the medium of exchange, allowing players to purchase digital assets such as ships, crew, components, land, and equipment. Additionally, ATLAS is rewarded to players for completing certain objectives and milestones within the game. This token is inflationary by design, aiming to match the growth of the in-game economy and provide a solid monetary base for in-game economic interactions.

How do I store Star Atlas?

To store Star Atlas (ATLAS) tokens, you can use various digital wallets that support the Solana blockchain. Here are the steps to follow:

  1. Phantom Wallet:

    • Download and install the Phantom wallet extension for your browser or the mobile app for Apple iOS.
    • Create a new wallet by following the setup guide, which includes setting a password and recording a secret recovery phrase.
    • Once set up, you can store, send, and receive ATLAS tokens on the Solana blockchain.
  2. Ledger Nano X:

    • Install the Solana app on your Ledger device.
    • Open a Phantom wallet account and connect your Ledger device.
    • Move your SOL and ATLAS tokens to the Solana address on your Ledger using the Solana network.
  3. Trust Wallet:

  • Install and configure Trust Wallet.
  • Use the 'Receive' function to locate your Star Atlas tokens.
  • Follow the manual steps to add ATLAS tokens to your wallet.

These wallets provide a secure and convenient way to manage your Star Atlas tokens. Always ensure you keep your passwords and recovery phrases safe to avoid any potential scams or wallet compromise.

How to buy Star Atlas?

To buy Star Atlas (ATLAS) tokens, follow these steps:

  1. Choose a Reliable Exchange:

    • Centralized Exchanges (CEX): Select a trustworthy CEX that supports ATLAS purchases, such as Uphold, Kraken, Gate.io, or Okcoin. Consider factors like ease of use, fees, and supported payment methods.
    • Decentralized Exchanges (DEX): Use a DEX like Raydium.io or Orca.io, which operate on the Solana blockchain.
  2. Create an Account:

    • CEX: Sign up on the chosen CEX, providing required information and setting a secure password. Enable two-factor authentication for added security.
    • DEX: Download and set up a crypto wallet like Phantom, Solflare, or Backpack, which supports the Solana blockchain.
  3. Verify Your Identity:

  • CEX: Complete Know-Your-Customer (KYC) verification, which may vary based on your nationality and region.
  1. Add a Payment Method:

    • CEX: Add a credit/debit card, bank account, or other supported payment methods. The required information may vary depending on your bank's security requirements.
    • DEX: Use a supported payment method within your crypto wallet or purchase a popular cryptocurrency like USDT and exchange it for ATLAS.
  2. Buy Star Atlas (ATLAS):

    • CEX: Use your funds to buy ATLAS directly if supported, or first purchase a popular cryptocurrency and then exchange it for ATLAS.
    • DEX: Swap your cryptocurrency for ATLAS using the DEX. Ensure you have a small amount of SOLANA for transaction fees.

Remember to carefully review fees and security measures before making a purchase.

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History of Star Atlas

Star Atlas (ATLAS) is a cryptocurrency that powers the Star Atlas gaming metaverse, a massive multiplayer online game set in a futuristic science fiction setting. The game was introduced to the market in 2021 and is built on the Solana blockchain, utilizing Unreal Engine 5 for cinematic-quality graphics.

The development team behind Star Atlas was assembled in 2020, led by CEO Michael Wagner, COO Pablo Quiroga, COP Danny Floyd, and CTO Jacob Floyd. The team brings extensive experience from various industries, including venture capital, biotech, and gaming.

Star Atlas is designed as a play-to-earn game, where players can earn the ATLAS token by completing objectives and participating in the game's economy. The game also features a governance token called POLIS, which allows players to vote on key elements of the ecosystem.

The project has received investments from notable firms such as Sino Global Capital, Republic Crypto, and Animoca Brands. Additionally, Star Atlas has partnered with Uphold to integrate Topper, a fiat on-ramp solution, directly into the game, allowing players to purchase assets without leaving the gaming environment.

The game's white paper outlines the vision for a unique gaming experience that combines traditional gaming with blockchain technology, enabling players to create wealth in-game that can be exchanged for digital currencies like Bitcoin, Ether, and USD Tether.

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How Star Atlas works

Star Atlas (ATLAS) is a play-to-earn space exploration RPG and metaverse built on the Solana blockchain. It combines state-of-the-art blockchain technology, real-time graphics, multiplayer video games, and decentralized financial technologies to create a unique gaming experience. Here's how it works:

Dual Token Economy: ATLAS and POLIS

Star Atlas operates on a dual token economy, with two fungible tokens: ATLAS and POLIS. ATLAS is the in-game currency used to purchase items such as weapons, ships, land, and equipment. It is also paid out as rewards for completing certain objectives in the game. ATLAS is inflationary by design, aiming to match the growth of the in-game economy.

POLIS, on the other hand, is the governance token that allows players to vote on elements within the Star Atlas DAO. The DAO is responsible for making decisions around key elements of the ecosystem, including the minting, distribution, and redistribution of ATLAS within the ATLAS treasury. POLIS has a fixed supply that is unchangeable unless governance decides otherwise in the future.

Blockchain Mechanics

Star Atlas leverages the Solana blockchain to provide a largely serverless and secured gameplay experience. Solana's high transaction throughput, currently at 50,000 transactions per second, allows for real-time recording of gameplay interactions between assets, eliminating the need for a robust traditional server backend for online multiplayer games.

NFTs and In-Game Assets

In addition to the dual token economy, Star Atlas incorporates non-fungible tokens (NFTs) to represent digital assets such as land and ships. These NFTs bring digital scarcity and real-asset ownership to the Star Atlas world, allowing players to trade them in a decentralized economy. The game's integrated NFT marketplace provides players with full control over their assets, enabling them to buy, sell, and trade NFTs freely.

Graphics and Visuals

Star Atlas utilizes Unreal Engine 5’s Nanite system to deliver cinematic quality video game visuals. This technology allows for realistic and immersive graphics, enhancing the overall gaming experience.

Gameplay and Incentives

In the game, players embark on lonely and challenging journeys, gathering resources and competing with other players in the metaverse. They can construct entire cities, build micro-economies, and even collaborate to form decentralized autonomous organizations (DAO) to govern specific regions. Players can extract real-world monetary value from the virtual in-game items they collect, and the game incentivizes players to sustain and secure the Star Atlas ecosystem through various activities such as staking and mining.

Overall, Star Atlas combines cutting-edge blockchain technology, advanced graphics, and a dual token economy to create a unique and engaging gaming experience that rewards players with real-world value.

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Star Atlas's strengths

The token Star Atlas (ATLAS) has several strengths:

  • Native Currency: ATLAS serves as the native token within the Star Atlas game, facilitating transactions with non-playable characters and peer-to-peer transactions for in-game assets like ships, crew, components, land, and equipment.
  • Inflationary Design: The token is designed to be inflationary, aiming to match the growth of the in-game economy and provide a solid monetary base for in-game economic interactions.
  • Reward System: ATLAS is used to reward players for their in-game activities, such as mining, piloting, and other tasks.
  • Operational Costs: The token is essential for covering operational costs like fuel, repairs, and resource mining, ensuring players manage their resources effectively.
  • NFT Marketplace: ATLAS is the primary currency used in the game’s NFT marketplace, allowing players to purchase unique assets.
  • Token Burn Mechanism: The Star Atlas development team participates in token acquisition and burn mechanisms, which can reduce the circulating supply of ATLAS and potentially increase its value.
  • Revenue Distribution: A portion of revenue from operations is allocated to token repurchase and burn mechanisms, while the remainder is distributed as dividends to token holders.
  • Governance: The Star Atlas DAO, which is controlled by the governance token POLIS, has the power to mint, distribute, and redistribute ATLAS tokens, ensuring that the token supply is managed effectively.

These strengths contribute to the overall functionality and value of the ATLAS token within the Star Atlas ecosystem.

Star Atlas's risks

Star Atlas (ATLAS) carries significant financial risks. According to InvestorsObserver research, ATLAS has a high risk gauge score, indicating that it is a high-risk investment. This assessment is based on the proprietary system that analyzes the amount of money required to shift the token's price over a 24-hour period, along with recent changes in volume and market capitalization. The risk gauge score ranges from 0 to 100, with lower scores indicating higher risk and higher scores indicating lower risk.

Additionally, several sources emphasize that investing in ATLAS is a high-risk investment, and investors should be prepared to lose all the money they invest. This warning is consistently mentioned across various articles and websites, highlighting the potential volatility and uncertainty associated with investing in ATLAS.

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Did Star Atlas raise funds?

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Star Atlas’s team

  • Michael Wagner: Chief Executive Officer of Star Atlas, a chartered financial analyst with a focus on blockchain projects.

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