Introduction
The video game industry, and more generally the Interactive Entertainment Industry, is filled with opportunities for blockchain and distributed ledger technology integration. These innovations not only benefit all stakeholders, including gamers, who now have access to an incredible variety of games, but also developers, producers, and any professional trying to succeed in the gaming industry. The immediate goal of the Atari Token is to be a reference utility crypto-currency used for the world of video games. The broader objective of the Atari Token is to establish itself as the crypto-currency of choice for anyone in the industry fulfilling a task with a smart contract.
We intend to capitalize on a trend that is growing exponentially in our industry: the decentralisation of tasks around the globe and the use of smart contracts to fulfil them. We see the Atari Token as an opportunity for anyone – even the under-banked, the underserved, or the next wave of 4 billion individuals who are getting access to the internet – to find useful incentives for their work and improve their financial condition through access to a new decentralised financial system. This document outlines the vision and characteristics of the Atari Token, with an ambition to create a new crypto-currency available on as many smart contract powered platforms as possible worldwide, starting obviously with video games.
VISION – THE NEED FOR A NEW GLOBAL CRYPTO-CURRENCY
Our goal is to establish the foundations for a new and global crypto-currency. The goal of universal peer to peer money is very ambitious; even Bitcoin and Ether have their own issues. We are trying to launch something straightforward for the everyday consumer. We want something safe, simple, reliable, universal and liquid.
One of the differentiating factors of the Atari Token is that we are not limiting ourselves to a single platform.. Our goal is to provide a crypto-currency for as many platforms as possible, starting with our own crypto-casino which will be available at the time of the public sale.
The use of Distributed Ledger Technology (DLT) is obviously necessary: Safety, Simplicity, Scalability and Reliability (especially with the decentralization) and Transparency can only be achieved with DLT. Universality and Liquidity are side-products, self-fulfilling prophecies. If the Atari Token meets its primary objectives (Safety, Simplicity, Scalability and Reliability), users and investors will be willing to trade on a global basis, and universality combined with an increased liquidity will reinforce the attractiveness of the Atari Token.
Additionally, the Atari Token distinguishes itself from other tokens by already having a growing network of real use cases that will allow the conversion of everyday individuals – in this case gamers – into users. Atari’s brand recognition and heavy presence in the gaming space give it a clear edge over its competitors for mass adoption.
Atari already boasts a large selection of games that will serve as use cases. Most competitors are offering blockchain-building tools that only work within their ecosystem and using native tokens to fuel their networks. This does not promote mass-adoption or cross-platform use. The Atari Token would be available everywhere, making it the ideal choice as in-game currency for the gaming industry.
Meeting these requirements will establish the Atari Token as a trustworthy and secure medium of exchange.
Without standard ways of making payments, the unbanked will find that the coin’s fast transaction speed and use of smart contracts make it the ideal alternative. These self-executing contracts generate automatic payments when the agreed upon conditions are met, promoting efficiency between parties. It is often difficult to supervise the completion of small tasks: they can appear trivial if excessive obstacles or distance separate the participants. Such problems disappear with the implementation of smart contracts. The use of blockchain also serves to validate ownership and use of assets globally, removing the cumbersome limitations of banking infrastructure and the delayed processing of international payments. It is Atari’s belief that the rest of the world will eventually come to see this attractive alternative as the optimal choice for day to day transactions.
In short, the Atari Token:
● Will be based on a decentralized system to provide security and trust;
● Can easily be bought, sold, and received;
● Enables smart contracts to facilitate the execution of tasks;
● Safely and efficiently validates the ownership and use of assets;
● Exists as the medium of exchange and token of utility on any platform that would be part of the upcoming network of platforms using the Atari Token.
