Atari Token (ATRI), the first digital currency strike from legendary video game developers Atari Interactive, closed its first 36 hours of trading, down nearly 70%. The current price is well below the total selling price and even below the discounted pre-sales price.
The token sale, which took place on the Bitcoin.com exchange and ended two days before the start of trading, was overshadowed by several unfortunate events. These include problems processing requests, non-fulfillment of a deposit, and delays in withdrawals of up to 16 hours. The Atari Token team has yet to comment on these issues, and the generally active Twitter account has been relatively quiet in recent days.
When the public participants who sold gained access to the tokens, on November 2, around kl. At 15:00 UTC, the ATRI price has already been broken and fell to $ 0.04, which is 84% below the price.
Tokens were also sold at a discounted price in three pre-sale rounds, at $ 0.08 per token in the first two rounds and $ 0.16 in the third round. In all rounds, token sales reached a flat rate of $ 1 million per round.
Although it was originally launched on the Bitcoin.com exchange, ATRI’s trading volume quickly moved to Uniswap, which now hosts the most popular pair of tokens: ATRI / WETH.
Atari Token’s stated mission is to “decentralize and globalize the video game and interactive entertainment industry,” with ATRI being the hallmark of many video games and other aspects of interactive entertainment.
The concept of the symbol was first introduced by Atari in June this year. On November 2, Atari announced that the online multiplayer game Karma the Game of Destiny will use ATRI as its game currency for purchases and transactions.
In addition to attempting to use tokens, Atari is also planning to launch a number of NFT acquisitions on the WAX blockchain. The first series released features video games from the original Atari console games, complete with action, graphics and added 3D elements.