What is Star Atlas (ATLAS)? Project and Token Analysis

Coin: Star Atlas
Ticker: ATLAS
Date Deployed: Tues Nov 29, 2022

Origin of the Project

Star Atlas was founded by Michael Wagner (CEO), Pablo Quiroga (COO), Danny Floyd (COP), and Jacob Floyd (CTO), with the development team coming together in 2020. Built on the Solana blockchain, Star Atlas aims to be one of the most ambitious RPGs in the blockchain gaming space. The game takes place in a futuristic setting, where three factions battle for control of the galaxy, offering players a deep and immersive experience.

As a grand strategy space epic, Star Atlas incorporates a play-to-earn model, allowing players to earn real-world rewards for their in-game contributions. This feature adds a unique economic element to the gameplay, where users are incentivized to actively participate in the game’s universe.

Products

Star Atlas Metaverse:

A play-to-earn space exploration RPG built on the Solana blockchain.
Uses Unreal Engine 5’s Nanite system to provide cinematic, high-quality visuals.
Integrates blockchain, real-time graphics, and decentralized financial technologies.

Dual-Token System:

ATLAS: In-game currency used for purchasing items such as ships, weapons, land, and equipment, and rewarded for completing objectives.
POLIS: Governance token enabling players to participate in Star Atlas DAO, voting on decisions like ATLAS distribution and ecosystem management.

NFT Marketplace:

Allows players to trade in-game assets, such as land and ships, in a decentralized economy, offering full ownership and digital scarcity through NFTs.

Should ATLAS Be in Your Portfolio?

Before you decide whether or not to add ATLAS to your portfolio, click here to scan the contract on Solsniffer. Solsniffer is the number one blockchain intelligence tool to detect security risks on Solana. Security risk analysis on Solana has never been easier, make sure to be aware of potential DeFi wallet scams and other crypto security concerns before investing.

Due Diligence Tips Before Investing or Trading ATLAS

Research the Token

Analyzing ATLAS as a token is important for understanding its potential. Review its whitepaper, community engagement, development team, and long-term roadmap. Is the project solving a real problem and has a clear plan for the token in its ecosystem?

Perform in-depth research before trading any Solana-related project, including ATLAS. Understanding the project’s whitepaper, the use case, and the founding team’s goals will give you insight into the coin’s potential.

The orderbook can leave clues too, when there are more buy orders than sell orders, ATLAS’s price is likely to rise, while an excess of sell orders could lead to a price drop. It can also help identify past market manipulation.

Develop a Safe Trading Strategy

Having a structured trading strategy prevents making emotional mistakes. If you cover multiple aspects, such as considering market conditions, clear trading goals, and determining entry and exit points, it can improve your chances of success. Your risk tolerance can make a great plan if you follow it and if the market agrees with your strategy.

In crypto, it’s easy to get caught up in the excitement and make impulsive decisions, especially when seeing how many others are making loads of profits. Avoid rushing into buying ATLAS during a price pump, as a correction can follow.

An effective risk management strategy is a great differentiator as a trader, and that includes ATLAS. Use stop-loss and take-profit orders to limit losses and lock in profits automatically. Also, position-sizing is smart to not risk too much of your capital on a single trade, protecting your portfolio from significant losses.

How to Scan ATLAS on Solsniffer

Copy the ATLAS contract address: ATLASXmbPQxBUYbxPsV97usA3fPQYEqzQBUHgiFCUsXx
Open the Solsniffer website and paste the address in the search bar.
Within seconds, a detailed analysis of ATLAS on-chain data is generated.
A security score called Snifscore also ranks the project out of 100 to determine the authenticity of the project.

ATLAS Tokenomics

Total Supply: 36,000,000,000
Max Supply: 36,000,000,000
Market cap: $34,717,423

Snifscore Analysis

Snifscore: 72/100
High-risk factors: 4
Medium-risk factors: 1
Low-risk factors: None

Summary of (5) Contract Passed Indicators

Active interaction in last 30 days
No concerning metadata found
Sufficient LP providers
No permanent control risk
No freeze risk

Summary of (7) Contract Risks to Consider

Mintable risk detected – High Risk
Private wallet holds significant supply – High Risk
Top 10 wallets hold significant share – High Risk
Large portion of LP is unlocked – High Risk
Metadata mutability risk – Moderate Risk

Find Out if ATLAS Is a Fraudulent Token

Detecting a scam project requires a combination of caution, research, and vigilance. Fraudsters come up with numerous ways to trick investors, staying awake to the warning signs before falling victim.

One of the first red flags is an offer that guarantees high returns with little to no risk. Rug pulls are the most common scam at the moment, the project creators build hype around a new Solana project and then disappear with the profits. If the team of a project stops providing updates, it could be a sign of trouble.

A few tips to protect yourself is to research the team behind a project, see how well they execute their roadmap, use secure wallets, enable 2FA and avoid giving your personal data to social media giveaways.