Want to jump straight to the answer? You can buy ATLAS on FTX if you are outside of the U.S. and on a decentralized exchange (DEX) if you’re in the U.S.
Video games and cryptocurrency have combined blockchains and gaming with their own cryptocurrencies. These games allow players to use cryptocurrency to purchase in-game products, earn crypto in the game and even have a say in the future of the game’s development. These games have become increasingly popular, and Star Atlas (ATLAS) is no exception. The game features cinema level quality, strategy and science fiction to create a powerful multiplayer virtual world., taking you away from crypto exchanges, crypto markets and the traditional world of financial markets and into crypto assets that are gamified, attractive to crypto traders and that often outpace the traditional cryptocurrency market.
What Is Star Atlas (ATLAS)?
Star Atlas is a virtual metaverse game that plans to engage players in a futuristic metaverse and use the project’s token, ATLAS, for several in-game functions.
The game is set in 2620 and players can choose from 1 of 3 factions. These factions have their own strengths and weaknesses that can influence play style. Players within the Star Atlas metaverse compete to gain resources in an immersive futuristic universe.
Players can explore a huge universe through first-person flight and high-quality graphics within Star Atlas. For a small budget, you will be able to explore the metaverse, and a larger investment will let you manage ships, gather resources and create guilds with other players.
Also, players can use ATLAS to purchase gear and upgrade their character. ATLAS can be staked for rewards. Gear, such as armor and ships, can be purchased in the form of non-fungible tokens (NFTs). This feature allows players to guarantee ownership of their gear that can be used in-game.
Star Atlas is built on the Solana blockchain. Solana is known for its speed and low fees, which is part of the reason the Star Atlas developers decided to use it. The team has partnered with a DEX, which will allow users to swap, stake and use their in-game currencies efficiently.
Star Atlas has a governance token called POLIS. This token gives holders voting rights, which will give them a say in where the game goes in the future.
As of December 2021, the game is still in development, and no set release date has been given. However, users can choose their faction and begin purchasing gear to give them a head start when the game is released.
Brief History of Star Atlas (ATLAS)
ATLAS began trading in September 2021 for around $0.07. It quickly jumped to an all-time high of nearly $0.28. It is currently trading around $0.15, with a market cap of just over $250 million.
The project was founded by Michael Wagner, Pablo Quiroga and Deb Lucas. Wagner and Lucas have strong finance backgrounds, founding venture capital firms and working for large banks. Quiroga has a background in biotechnology.
How to Buy Star Atlas (ATLAS).
Now that you have a basic understanding of Star Atlas, you may be interested in purchasing ATLAS. Fortunately, it is fairly easy to acquire and only involves a few short steps.
- Open an online account.
The first step to purchasing ATLAS is to open an account on a trading platform such as FTX However, FTX only supports ATLAS outside of the U.S, so if you’re located in the United States you’ll need to use a DEX.
Opening an account on FTX is easy. After signing up using an email and password, you supply basic documentation to verify your account. After your account is verified, you fund it with a bank transfer.
- Buy or download a wallet (optional).
While it is easy to purchase and store ATLAS directly on a trading platform, this practice may not be the safest option. Wallets give holders full custody over their funds and can be much safer than an exchange. Plus, using a crypto wallet lets you use you digital assets in DeFi, and it opens up the potential for you to receive cryptocurrency airdrops.
- Make your purchase.
With your funded FTX account, navigate to the ATLAS page. For FTX, it is the ATLAS/USD pair. Once you have located the correct pair, enter in the amount you would like and execute the trade. After this, your balance will be stored in your portfolio.
Best Cryptocurrency Wallets For ATLAS Token
Best Hardware Wallet: Ledger
Hardware wallets are physical devices that store the private keys needed to send crypto. This process is often regarded as the safest way to store cryptocurrencies.
Ledger is a brand of hardware wallet that is compatible with the Solana blockchain. Ledger offers a Nano S and Nano X model. The Nano S is beginner friendly, while the Nano X is more advanced, offering more storage and bluetooth connectivity.
If you want to see a full comparison between the 2 models, make to check out Benzinga’s Ledger Nano S vs. Nano X comparison.
Best Software Wallet: Phantom
Software wallets store private keys online. This option is less safe than a hardware wallet, but it still gives holders full custody over their funds.
Phantom wallet is built on the Solana blockchain and supports all Solana-based assets. It uses multiple security measures, ranging from protected passwords to a locking feature, which freezes your wallet. It can also be paired with a Ledger hardware wallet.
Watch out for the release of the Star Atlas game. This game will increase the token’s utility and may also increase the price.
Trade, Sell or Convert your Star Atlas (ATLAS)
To convert your ATLAS, search for a desirable pair to swap. However, there are not many options at the moment as the token is fairly new. A full list can be found on CoinMarketCap.
After you have the desired pair, enter in the amount to swap and execute the trade. From there, you will have the new currency in your portfolio.
On FTX, you can swap for USD to cash out on your position. On Gate.io, you will have to swap back for USDT and then USD to sell.
Current Crypto Prices
December 2021 has shown lots of volatility in the markets. Prices rebounded slightly after falling towards the end of November but dipped again shortly thereafter.
Many believe that the holiday season and new year will be a pivotal time for crypto. Prices could continue to fall, or they could reverse and skyrocket yet again. No one knows where prices will go, and anything is possible.
Is Star Atlas (ATLAS) a Good Investment?
As of right now, Star Atlas is a mostly speculative investment. There are barely any uses for the token, and the game is still largely in development. However, if the game is released and receives positive feedback, then the price may appreciate due to new users buying the token and new uses. The future price of ATLAS is largely dependent on the game and its release.
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