What's with the Star Atlas rally ?

[GreatArkansas]

the biggest problem with ATLAS is there is no incentive to buy it, you buy their ships off them with USDC, sure the secondary market has ATLAS ships but most ships are bought in USDC.
then these ships make ATLAS rewards and people buy the resources with the ATLAS it generates, after they sell the excess ATLAS.
it means they just get ATLAS and bought in with USDC so its just a negative on the ATLAS token.

its a big problem in move2earn and play2earn they build these ecosystems that just don't have driving forces to actually earn.

this is actually a problem I spent a long time thinking about and started my own project to solve

Just watch how this project collapse when the community become huge enough so that new comer cannot sustain the price.  The incident I am talking about happened to Axie Infinity, so I don't think this game will be an exemption.
(....)

I don't think. For now, Star Atlas is far from Axie Infinity, we all know Axie Infinity boomed also during the bull market last year and end of 2020 and if you also take a look Star Atlas, for now, is still to become an Axie Infinity-like play-to-earn NFT.
Start Atlas is just very unlucky that they still don't have any product before the bull market and now the market is really bloody, that's the "no exemption" for me during a bear market.

[Silberman]

Did not see that coming ! I had already sold my POLIS tokens, but bought some back last night ! Anybody knows what's happening ? This project had lost some serious money with the FTX collapse  and I thought it was all over for them, but it seems I was wrong ! I guess it goes back to fundamentals... Star Atlas is a heck of a project, with a huge following and I think most of us want to see it succeed. I did not see the Atlas token following though, for some reason only the DAO token is pumping.

Oh it's pumping?



I guess when we look close enough we can see some pump, but about the reason? I haven't heard anything special had happened. My guess is that at some point everything needs to hit a bottom, so maybe it did just that. I would be interested to buy but i haven't yet looked the tokenomics nor i have played the game.

Thanks for bringing this up, this coin has been crashing since it was released and I do not know how anyone can say with a straight face the coin is pumping, it is true it experimented a growth of 170% but when the coin is close to being down 98% of its all time high and that it is unlikely it will ever recover then no one that cares about their money at all should ever invest in this coin, as it is likely the coin will keep crashing in the future.

[WalkerIVIV]

coin like atlas always have bad tokenomics, same with gala, they value just going down slowly but sure, I don't think even their current increase in value is relevant anymore, I think it's better if you could move on from this coin right at this bullrun and invests into the other, their product was also isn't that good, I think this increase in value was definitely overly inflated judgment in regards of atlas real value, eventually it will go down.