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Atari Chain’s Native Token to Trade on Fantom Blockchain

About 20% of the token’s liquidity has been moved to Fantom’s decentralized finance platforms.

Sep 1, 2021 at 11:08 a.m. UTC
Updated Sep 1, 2021 at 4:35 p.m. UTC

Atari Chain is looking to boost adoption of its native token ATRI with expansion to the Fantom blockchain.

  • About 20% of the token’s liquidity has been moved to Fantom’s decentralized finance (DeFi) platforms, allowing users to trade, stake and play games using ATRI, the company said Wednesday.
  • The ERC-20 token has posed challenges for users of Atari tokens related to costs and speed associated with trading on the Ethereum blockchain.
  • The proof-of-stake Fantom blockchain will allow trading of ATRI at higher speed with “super low transaction fees,” according to Atari Chain.
  • Fantom recently became the latest blockchain to announce an incentive program, unveiling a fund worth over $300 million to attract DeFi platforms, part of a broader push from Ethereum competitors to attract liquidity and users.
  • Atari Chain is a joint venture between the games company Atari and ICICB, a holding company.

DISCLOSURE

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

Jamie Crawley is a CoinDesk news reporter based in London.

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