Starting from Aug. 26, 2021, FTX, Raydium and Apollo-X will host the sale of the highly anticipated tokens of the Solana-powered Star Atlas metaverse, ushering in the next era of the play-to-earn enabled gaming and decentralized finance (GameFi) revolution. In the two initial DEX offerings, an additional allocation of Star Atlas (ATLAS) and Star Atlas DAO (POLIS) tokens will be available to holders of meta-posters.
To ensure a transparent launch of its tokens in eligible jurisdictions worldwide, Star Atlas will launch an initial exchange offering (IEO) on FTX and an IDO on both Apollo-X and Raydium platforms.
The two tokens enabling the next-generation blockchain gaming experience are ATLAS and POLIS. The total supply of ATLAS is 36 billion while the total supply of POLIS stands at 360 million. The expected circulating supply upon launch is 2.16 billion for ATLAS and 21.6 million for POLIS.
Exactly 2% of the total supply of each token is available for the raise across the three platforms. At a token price of $0.00138 per ATLAS and $0.138 per POLIS, the sale offers a combined value of $2 million in both tokens at an equally split ratio of one-to-one.
Distribution among platforms sees $1 million allocated to the FTX IEO and $500,000 allocated to both Raydium and Apollo-X, a total of 720 million ATLAS and 7.2 million POLIS.
To better understand the participation requirements, Michael Wagner, CEO of Star Atlas, recorded a video walkthrough.
FTX
To participate in the IEO event on FTX, you would have to complete the onboarding and meet the platform criteria by 9:00 pm SGT (6:00 am PDT) on Aug. 25, 2021. On Aug. 26 between 9:00 pm SGT (6:00 am PDT) and 10:00 pm SGT (7:00 am PDT), if you meet the conditions including holding at least 150 FTX (FTT) tokens, you would be able to bid in the ATLAS token sale on the platform.
Apollo-X
Of the total supply of 36 billion ATLAS, the Apollo-X allocation is 180 million at a price of $0.00138 per token. Its pool of $248,400 worth of this…
