Video game company Atari is planning a public token offering on the Bitcoin.com exchange in November. On the 15th of October, the AtariToken offering page will be available on Bitcoin.com. Upon the success of the offering, the token will be available to interested users.
Speaking to Cointelegraph on the token sale, Atari CEO Fred Chesnais said:
“It depends. It could be 1 second, could be 1 hour. It depends on the amount you set as a hard cap and how much you are raising….”
Notably, Chesnais promised that the token offering will adhere to all local regulations.
Before the announcement, Chesnais discussed with several Defi protocols on use cases for AtariToken. However, there has been no progress with the negotiation due to a lack of liquidity. Now, the CEO is hoping that the upcoming offering and subsequent listing will solve the problem.
Confidently, Chesnais said that AtariToken could invest in new games to receive a portion of its revenue in the future. Already, Chesnais revealed that the company had invested over £3 billion in games and games financing.
Furthermore, Atari CEO unveiled one of his goals for AtariToken. Once the ERC20-based AtariToken is listed on the Bitcoin.com exchange, Chesnais will propose “some very innovative formulas for game financing.”
Image Credits: Pixabay
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