Atari Plans November Premiere for Video Game Cryptocurrency

Oct 1, 2020 at 21:06 UTCUpdated Oct 1, 2020 at 21:07 UTC.The Atari Group, the company behind such classic video games as Pac-man, will begin publicly selling its Atari Token cryptocurrency in early November.

ATRI is a self-styled entertainment industry payment method in the form of an ERC-20 token atop the Ethereum blockchain.

It's been in the works since at least early 2018.Crypto casinos, "Blockchain games" and the video game distribution platform Ultra.io will be among the utility token's earliest use cases, said Atari's blockchain subsidiary, Atari Chain.

The game maker said it will reap 35% of ATRI sales revenue.

Issuance partner ICICB Group, a fintech whose only public client is Atari, stands to take the rest.

The token will list on Bitcoin.com and Atari's own crypto exchange at the close of the public sale.

Investors and game players have bought up $1.5 million in ATRI tokens through two private pre-sales which priced the token at $0.08 cents, Atari said.

Cointelegraph reports that U.S citizens will not be able to take part in the sale.