Solana blockchain MMORPG: Star Atlas, Play-to-Earn space race to launch IEO

The explosive popularity of the NFT game Axie Infinity has triggered the "Play to Earn" model, making GameFi one of the next trends. FTX recently launched its first GameFi IEO: Star Atlas.

Star Atlas is a MMORPG (Massively Multiplayer Online Role-Playing Game) based on the Solana blockchain. According to the whitepaper, Star Atlas is a space race where players will build their fleets, explore new galaxies, mine, colonize, form teams, alliances, and engage in battles in an expanding universe.

Unlike most MMOs where reward curves decrease as the game progresses and tasks become repetitive, Star Atlas will gradually unlock a "skill tree" allowing players to use specific resources at designated times for special missions.

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FTX IEO Rules

According to the FTX page, the Star Atlas IEO presale will take place next Thursday (8/26) from 9:00 p.m. to 10:00 p.m. A total of 2,000 subscription tickets will be available with a minimum bid of 400 USD/USDT per ticket and a maximum bid of 400 USD/USDT and 5 FTT. Participants must stake 150 FTT or more 24 hours before the Star Atlas IEO subscription (8/25 9:00 p.m.) to be eligible.

It is important to note that there are two tokens for this IEO: ATLAS and POLIS. If the subscription is successful, each subscription ticket will receive 180,000 ATLAS and 1,800 POLIS. This translates to 1 ATLAS = 0.001388 USD and 1 POLIS = 0.138 USD.

Auction Rules:

1. The Star Atlas IEO will take place on the evening of August 26 from 9:00 p.m. to 10:00 p.m.
2. Stake at least 150 FTT and pass KYC level 2 24 hours before the IEO starts (8/25 9:00 p.m.)
3. Minimum bid per ticket is 400 USD + 5 FTT, maximum is 500 USD + 5 FTT (recommended 500 USD)
4. Stake more FTT to qualify for more subscription tickets

Token Economics

Star Atlas has two tokens: ATLAS and POLIS.

ATLAS is the in-game currency, a medium of exchange, with a total supply of 36,000,000,000 tokens (36 billion). ATLAS can be earned in the game, leading to continuous inflation as the game progresses.

Players need to purchase ATLAS initially to start the game and use it to pay for various items like weapons, taxes, etc. Spent ATLAS returns to the game's DAO Treasury, and players can earn ATLAS through mining, battles, and development tasks.

POLIS is the governance token with a total supply of 360,000,000 tokens (360 million). Unless the DAO decides to issue more, the total POLIS supply remains fixed, representing financial rights in the game.

Holders have voting rights in the DAO, governing the ATLAS token economics of the DAO Treasury, deciding on issuance/reduction and investments within the game. Holders also receive partial profits, making POLIS a long-term store of value token.

This article is provided by the exchange FTX