Atari Token (ATRI) price has dropped massively just days after it concluded its public sale on Bitcoin.com exchange. During its first 36 hours of trading, the token price declined by 70% settling at $0.04.
The ERC-20 based Atari token is trading at $0.09 at the time of writing. This is far below the public sale purchase price of the taken which was $0.25. Investors and game players recently acquired ATRI tokens through three presale rounds.
The tokens were sold at $0.08 per token during the first two rounds. Then, during the third round, ATRI tokens were sold at $0.16 per piece. 4 million tokens were offered for sale, with a cap of $1 million. Notably, all token sales reached their hard cap amounts of $1 million per round.
However, Atari faced some hiccups during the launch. Orders weren’t going through and support wasn’t responding. Also included among the challenges was non-crediting of funds, and delays in withdrawals of up to 16 hours.
After the token sale, ATRI got listed on Bitcoin.com and Atari’s own crypto exchange.
The Atari Group recently entered into various partnership agreements to increase the adoption and the use cases of the Atari Token. ATRI has already been integrated in opensea.io, one of the largest marketplaces for the sale and purchase of Non Fungible Tokens (NFTs).
To add on, Atari also collaborated with Karma the Game of Destiny to support in-game purchases using ATRI tokens. Atari also teamed up with WAX_io to bring collectibles from the pop-culture video game phenomenon to the blockchain.