Video game legend Atari seeks public token sale in November
Cointelegraph
Published Oct 01, 2020 08:55AM ET
Updated Oct 01, 2020 10:40AM ET
Atari will conduct a public token offering on Bitcoin.com in early November. As soon as the offering is complete, the ERC20-based AtariToken will become available for trading on the Bitcoin.com exchange. While the precise details of the token sale are yet to be announced, Atari CEO Fred Chesnais told Cointelegraph that he believed the token sale could take as little as 1 second:
Atari has raised $1.5 million thus far in private rounds. Chesnais said that for him, the most important thing about a public offering is not raising additional capital but the immediate subsequent liquidity. He has been negotiating with various DeFi protocols about possible use cases for AtariToken but a lack of liquidity has been an obstacle that he hopes the upcoming sale and subsequent listing will fix. Chesnais believes that AtariToken could create a unique DeFi use case — game financing, which involves the funding of new games in exchange for a portion of its future revenue:
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Written By: Cointelegraph
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