Atari Chain Announces it Will Start Using Fantom and Sees a 72% Increase for its Token (ATRI)
03 September 2021 - 06:01AM
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ATRI, the token of Atari Chain, has recorded a big rise of 72%
within hours after their announcement to start using Fantom
blockchain. Atari Chain is the blockchain subsidiary created by the
gaming pioneer Atari and ICICB Group Atari is most well known for
being one of the first and biggest video game creators in the
world. They became a household name in 1972 with the release of the
Atari 2600 Video Computer System. Games like Pong, Space Invaders,
Frogger and Breakout solidified them in gaming history. A division
of Atari called Atari Chain dived into the blockchain world in 2020
with the release of their own cryptocurrency called Atari Token
(ATRI). It is intended to be a means of payment within the
interactive entertainment agency and lives on the Ethereum
blockchain and is compatible with the cryptocurrency’s ERC-20
compatibility standard. On September 1st 2021, Atari Token (ATRI)
paired with the decentralized finance platform Fantom (FTM). The
Fantom (FTM) blockchain is an inexpensive platform that processes
transfers almost immediately. The token experienced a huge price
surge of more than 72% at its height and reached an all-time high
of .084USD on SpiritSwap. Respected DeFi developer Andre Cronje, an
outspoken supporter of the Fantom (FTM) platform tweeted about the
Atari Token (ATRI) on September 1st. Fantom (FTM) solves most of
the problems posed by the Ethereum blockchains, namely by approving
transfers of funds instantaneously and dramatically reducing the
cost of transaction fees. You can now swap a single ATRI token and
avoid massive transaction costs. Before this, Atari Tokens (ATRI)
were traded on the costly Uniswap and Bitcoin.com Exchange
platforms. The threshold to purchase tokens was too high for many
consumers. It is important to note that Atari Tokens are still
available on the original platform and only about twenty percent of
the tokens have been shifted to Fantom. You can currently trade the
tokens on most major dexes supported by Fantom like SpiritSwap,
ZooCoin, and also on the popular ETH dex Uniswap. This move excited
investors and buyers and led to a massive increase in value for the
token. It started the morning of August 31st hovering around
.049USD. By the end of the next day, September 1st, the price had
skyrocketed more than 72% to a final price of .082 USD. At the time
of writing this article on September 2nd, the price was holding
steady at .078USD according to CoinMarketCap.com Atari Token’s
market cap is relatively low sitting at $65 million at the time
this article was written. It is circulating a supply of roughly
890k coins and has a maximum amount of 7.7billion coins available.
Needless to say, there is still a lot of upside to ATRI. Following
in the footsteps of its low price point history in the video game
console world, the company is working hard to make the Atari Token
(ATRI) easily accessible and affordable to all people. Their
intention is to allow players to wager tokens against each other in
skill-based games where the winner takes all. The Atari VCS is the
company’s most recent gaming project. It is a completely modern
gaming and computer system that blends a gaming console and
personal computer. The sleek device was manufactured with the
ability to be used as a node to validate blockchain transactions.
It can be readily assumed that Atari will use the VCS platform to
begin swapping Atari Tokens (ATRI) between players. Atari plans to
launch online multiplayer games, a casino and even a betting
platform that use their tokens.
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