Star Atlas, the highly anticipated play-to-earn video game on the Solana blockchain, announces its DAO and a revamped marketplace. Star Atlas is a play-to-earn video game developed on the Solana blockchain.
On July 22, 2022, the team announced the launch of its DAO, on Twitter, within the 426LIVE community space. Star Atlas’ decentralized autonomous organization will use the POLIS token as its governance token.
“I’m excited to announce the launch of the platform that will give users the ability to participate in the governance of Star Atlas in the future through DAO mechanisms,”
said Michael Wagner, CEO of ATMTA (lead developer of Star Atlas) and co-founder of the metaverse.
The political nature of Star Atlas
By its very nature, Star Atlas is a game of conquest: players, regions, and factions fight for galactic dominance and control of resources. With the Star Atlas DAO, the community will finally have the tools to make its voice heard and can determine the future development of the play-to-earn video game.
The word POLIS, which in ancient Greece defined a form of government, retains its meaning of participation in the life of the community. The number of POLIS tokens one has in fact determines the number of “political rights” one has in the metaverse. These rights will be used to vote on vital proposals for the development of the project but also to control the institutions of the galaxy and, in general, the internal aspects of the game dynamics.
The development team aims to gradually increase the truly political elements within the metaverse, as players will in the future be able to propose motions and vote on universal measures. The final step is to make Star Atlas an immersive simulation of a political system, in which the different factions will be represented as planets and solar systems. This feature will allow players with a passion for politics to engage in discussions and negotiations that will define the future of the Star Atlas metaverse.
The POLIS Token
The Star Atlas metaverse is based on two main tokens. The ATLAS token is responsible for providing liquidity to the game, allowing players to receive value for the goods and services they provide to the ecosystem. It is the POLIS token, however, that gives those who hold it decision-making power in the metaverse; the more you hold, in fact, the more influence you will have on political decisions at all levels: at the macro level for the entire Star Atlas DAO, and at the micro level for factions and regions. You can already lock your POLIS in the governance protocol: the “PVP – POLIS Vote Power” of each player will be determined not only by the amount of tokens, but also by the time you decide to lock them.
By locking their POLIS in the corresponding Dapp, users receive voting POLIS, also called vePOLIS, which are not transferable or exchangeable. For example, locking a POLIS token for six months results in one vePOLIS, while locking for five years results in ten vePOLIS. This model is intended to favor community members with a long-term view, who will be willing to lock their POLIS in exchange for political power.
The Revamped Marketplace
Another area the team has been working on is the Galactic Marketplace. The first version was released in August 2021, and in the last few months many improvements have been made, especially in the area of decentralization.
Unlike many other play-to-earn games built on other blockchains, the transaction load on the marketplace will be managed entirely on-chain, which will be possible thanks to Solana’s ability to process up to 65,000 transactions per second.
All that remains is to wait for further updates from the team on the official release date of the game, which, given its premise, could be the metaverse event of the year.
