The Atari DEX currently offers the ability to exchange between ATRI, Ethereum (ETH) and Fantom (FTM) via a MetaMask browser extension.
As the blockchain revolution continues to take the world by storm and the decentralized finance scaffolding gets put in place, companies and projects that want to stay relevant must evolve and adapt alongside this changing technology if they have any hope of surviving long term.
It is in that vein that the Atari Chain has launched the Atari decentralized exchange (DEX) and the Atari smart wallet in an effort to bring DeFi to the Atari Chain and increased liquidity for the Atari Token (ATRI).
The Atari DEX currently offers the ability to exchange between ATRI, Ethereum (ETH) and Fantom (FTM) via a MetaMask browser extension and has plans on adding support for additional tokens including many Ethereum-based (ERC-20) projects.
To help supplement the growth of the ecosystem as the Atari Chain gets established, the project has also released its Atari DeFi interface which allows users to connect with a MetaMask wallet and purchase ATRI tokens using ETH or Tether (USDT) which can then be locked up on the protocol for a period of 1, 3, 6, or 12 months in return for staking rewards.
Atari DEX Offers a Simplified User Experience
In an effort to help ease the transition from the old world into the blockchain ecosystem, Atari designed their DEX to have a non-threatening, simplified user interface that will attract the attention of users from the gaming industry.
Interested users first need to download a MetaMask wallet browser extension if they do not already have one, and deposit funds to their MetaMask wallet in the form of ETH, ATRI or FTM.
Once the wallet is installed and funded, users can navigate to the Atari DEX interface and click the ‘Connect’ button to get started.
Next, they need to input the token they want to receive in the ‘To’ field while the desired amount of the funds that were previously loaded into the wallet can be input into the ‘From’ field. After that, they need to verify the amounts entered are correct and then click the ‘Swap’ button.
From there, a MetaMask pop-up will appear with all the details of the exchange including the transaction fee which needs to be paid in ETH, and once the information is verified, simply click the ‘Confirm’ button to complete the exchange.
Atari Smart Wallet Gives Users Control over Assets
The release of the Atari Smart Wallet is a giant leap forward for the Atari ecosystem as it allows users a simple way to interact with the Atari Chain and store their assets.
Along with the ATRI token, the Atari Smart Wallet is capable of hosting Bitcoin (BTC), ETH, USDT, Litecoin (LTC) and Binance Coin (BNB). As the ecosystem evolves, new tokens will be added to the wallet along with non-fungible tokens (NFT) that are launched on the Atari Chain.
Added features include price charts which include 1 day, 7 day, and 1 month trends, and a built-in exchange that offers zero-fee exchanges for swaps done within the Atari ecosystem.
The aforementioned NFT section of the smart wallet allows for the storage and exchange of NFTs on the network which can be swapped for a variety of cryptos such as ATRI and Bondly (BONDLY), and will eventually allow users to mint and sell their own NFTs.
The wallet is protected by a pin code which is needed to perform transactions and can be reset if a user forgets or misplaces it.
All tokens stored on the wallet can be transferred to other addresses from within the wallet, and one day will be able to be used to purchase gaming assets within the ecosystem, making it a one-stop app for all Atari Chain transactions.
A new level of user control
When combined together, the Atari Smart Wallet and Atari DEX offer gamers a new level of control over not just their gaming assets, but also their cryptocurrency holdings.
Gone are the days where centralized exchanges hold the private keys to all wallets and can block transfers or withdrawals as they see fit. Now, Atari Chain users have a new level of autonomy that puts their financial future into their own hands and cuts out all middlemen.
Exchange hacks and government crackdowns can be avoided while a user’s personal information in the form of KYC/AML stays safe and within their personal control.
Atari’s progress in the field of blockchain technology which incorporates the latest developments in decentralized finance and smart contract capabilities indicates that the pioneer of gaming now looks to revolutionize the blockchain gaming sector and is well on its way to becoming an established fixture in the cryptocurrency landscape.