ATRI, the token of Atari Chain, has recorded a giant rise of 72% inside hours after their announcement to start out utilizing 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 many first and largest online game creators on the earth. They turned a family identify in 1972 with the discharge of the Atari 2600 Video Laptop System. Video games like Pong, Area Invaders, Frogger and Breakout solidified them in gaming historical past.
A division of Atari known as Atari Chain dived into the blockchain world in 2020 with the discharge of their very own cryptocurrency known as Atari Token (ATRI). It’s supposed to be a method of fee inside the interactive leisure company and lives on the Ethereum blockchain and is appropriate with the cryptocurrency’s ERC-20 compatibility normal.
On September 1st 2021, Atari Token (ATRI) paired with the decentralized finance platform Fantom (FTM). The Fantom (FTM) blockchain is an affordable platform that processes transfers nearly instantly. The token skilled an enormous worth surge of greater than 72% at its peak and reached an all-time excessive of .084USD on SpiritSwap.
Revered DeFi developer Andre Cronje, an outspoken supporter of the Fantom (FTM) platform tweeted about the Atari Token (ATRI) on September 1st.
Fantom (FTM) solves a lot of the issues posed by the Ethereum blockchains, specifically by approving transfers of funds instantaneously and dramatically lowering the price of transaction charges. Now you can swap a single ATRI token and keep away from large transaction prices.
Earlier than this, Atari Tokens (ATRI) had been traded on the pricey Uniswap and Bitcoin.com Change platforms. The brink to buy tokens was too excessive for a lot of customers. It is very important notice that Atari Tokens are nonetheless out there on the unique platform and solely about twenty p.c of the tokens have been shifted to Fantom.
You may at the moment commerce the tokens on most main dexes supported by Fantom like SpiritSwap, ZooCoin, and in addition on the favored ETH dex Uniswap.
This transfer excited traders and consumers and led to an enormous enhance in worth for the token. It began the morning of August thirty first hovering round .049USD. By the top of the following day, September 1st, the worth had skyrocketed greater than 72% to a closing worth of .082 USD.
On the time of writing this text on September 2nd, the worth was holding regular at .078USD based on CoinMarketCap.com
Atari Token’s market cap is comparatively low sitting at $65 million on the time this text was written. It’s circulating a provide of roughly 890k cash and has a most quantity of seven.7billion cash out there. For sure, there may be nonetheless numerous upside to ATRI.
Following within the footsteps of its low worth level historical past within the online game console world, the corporate is working arduous to make the Atari Token (ATRI) simply accessible and reasonably priced to all folks. Their intention is to permit gamers to wager tokens in opposition to one another in skill-based video games the place the winner takes all.
The Atari VCS is the corporate’s most up-to-date gaming venture. It’s a fully trendy gaming and pc system that blends a gaming console and private pc. The glossy system was manufactured with the flexibility for use as a node to validate blockchain transactions.
It may be readily assumed that Atari will use the VCS platform to start swapping Atari Tokens (ATRI) between gamers. Atari plans to launch on-line multiplayer video games, a on line casino and even a betting platform that use their tokens.