Hoo Research｜Unveil the Secret of Star Atlas’s Popularity, Gamefi Star of Solana
Author: Hoo Research
Abstract: Star Atlas is the first AAA NFT game based on Solana. Star Atlas is part of the MMORPG. It will provide an immersive metaverse gaming experience and combine a cinematic quality gaming experience with earning virtual assets that can be converted into real currency. The team behind it has decades of experience as a game developer, having worked on and produced well-known games and movies. Star Atlas introduces the core of social interaction, policy governance and economic models, and is the first GameFi IEO project launched by FTX. Currently in the spotlight before the game has even officially launched, it is expected to become the Axie Infinity of the Solana chain.
1. Project Introduction
1.1 Project Introduction
The name Star Atlas is inspired by the titanic god Atlas, who carried the burden of the universe (the heavens) on one shoulder, and is a nod to Atlas Shrugged by Ayn Rand. discovery of stars and to capture this data for other explorers. So the full meaning of the name represents both the emergence of a new universe (metaverse) and the spirit of exploration of the stars. Star Atlas wants to create a metaverse that players can fully immerse themselves in and realize their dreams of exploring the ultimate frontier.
Launched in January 2021 and still in its early stages, Star Atlas is set in a virtual game metaverse in the year 2620. In this future world, three major factions emerge: the human-ruled MUD sector; the ONI sector, occupied by an alliance of alien races; and the robot-controlled Ustur sector. Players entering the game for the first time will choose a faction (once chosen they cannot change it) and start their space exploration journey from the safe zone of the faction. As of 2022-January 12, there are 26,335 participants in the MUD sector, 30,911 participants in the ONI sector, and 25,553 participants in the Ustur sector.
Three major factions are engaged in an ongoing war for resources, territory and dominance. Players are free to join one of these sides and contribute to their faction. The player’s actions will directly affect the outcome of this interstellar conflict, and by contributing to the game, the player will be rewarded with tokens. Every asset in the game will be presented in the form of NFT, such as ships, crew, components, parts, land, clothing, etc.
1.2 Gameplay
Before you officially start playing, you need to prepare a certain amount of SOL and USDC (available SOL exchange) in order to buy the resources needed for the game on the official website, the game can be divided into the following specific focus.
｜ Faction safe zone: learn the basic skills of the game, such as rescue, combat, salvage.
New players entering the game will choose a faction and start the game from the faction’s safe zone. Here players can explore all the basic features of the game, leave the safe zone, and combat is allowed between players. If a battle is lost, the player will lose a certain amount of assets.
｜Combat and border areas: players will completely destroy assets through combat, destruction is a permanent event, but only some assets will be permanently destroyed.
Players pilot ships equipped with weapons tower guns and missiles, and when encountering enemy ships, players can manually control to target enemy ships to strike. The game is set up so that players can freely choose two states, combat/defense, to indicate whether they want to engage in combat or not. With defense mode on, the player’s ship will provide shield protection as well as movement speed bonuses to allow the player to escape if they are inadvertently attacked. Crew members of different professions can build ships with different role effects, and players are free to component.
| Ship professions: transport, rescue, cargo, repair, refueling, mining, smuggling, piracy, etc.
| Crew professions: pilot, engineer, dump, mercenary, scientist, salvager, etc.
Depending on the size of the ship, it will be divided into seven categories: Primary, Small, Medium, Large, First Class, Commander and Dreadnought. Each type of warship has a different class or attribute of subdivision direction. Players can personally pilot the ship into space and experience the immersive feeling.
Star Altas will be integrated with Serum DEX, giving players access to three functions in addition to trading ATLAS and POLIS directly in-game on Serum DEX, thus Borrowing, liquidity collateral, and liquidity mining. Players can pledge their earned ATLAS on Serum DEX to receive a liquidity fee and a liquidity mining bonus. The lending function is even more integrated with players’ capital needs. For players who need funds temporarily, they can pledge other cryptocurrencies to Serum DEX and lend ATLAS, while those who have idle funds can pledge them and gain revenue.
2. Token economy
The Star Atlas economy has four unique pillars of assets that are on-chain and can all be integrated into the game。
l Pass-through economy (in-game currency ATLAS and governance tokens POLIS)
l Land ownership NFT (mainly acquired in-game, landholders must pay LVT tax, the higher the level of development, the heavier the land tax)
In-game items (ships, ship parts, equipment, crew, buildings, which can be purchased in the market with ATLAS or USDC)
l in-game resources (replaceable assets produced by miners and consumed by production, which can be purchased on the market with ATLAS ).
2.1 In-Game Tokens — ATLAS
ATLAS is the main currency in the Star Atlas metaverse. Players must first purchase ATLAS tokens in the marketplace to fund their entry into the Star Atlas metaverse in order to acquire ships, equipment, crew and other game assets.
The initial supply of vATLAS tokens is 36 billion, with an initial circulation of about 6%. The total amount of ATLAS will not be constant, it will be inflated to match the growth of the in-game economy, it will be minted and destroyed based solely on the growth of the game’s user base, and the supply chain will match the number of players. This will keep in-game assets at a reasonable level to create a friendly environment for new players, and ATLAS will also be the primary pass for the NFT market.
Since ATLAS is essentially an in-game “currency”, it is designed to be issued in increments with a flexible inflation target (initial design) after year 8 to prevent deflationary situations. The ATLAS token issuance will follow three phases.
1. Centralization phase. The development team adjusts the inflation rate directly, using the developers’ DAO votes (as described in the DAO section) to modify the multipliers for each type of in-game rewards. The goal is to lower the barrier of entry to the game.
2. Decentralized governance phase. The inflation rate is still based on modifying the reward multiplier, but the developer’s vote is phased out and the DAO takes control.
3. Decentralization stage. Game macroeconomic indicators, and external token market algorithm stabilization model replaces the centralized issuance method, by the market to adjust the rewards and destruction. ATLAS specific unlocking situation, as shown in the following figure.
The current number of ATLAS holders is 98,539, and the game tokens have not yet begun to circulate widely, with a high percentage of top ten holdings.
2.2 Governance Token — POLIS
POLIS is the governance token of Star Atlas, with a fixed total supply of 360 million tokens. Its governance rights are divided into “in-game” and “out-of-game” aspects. In-game, POLIS is equivalent to the political power of players, and can set laws, taxes, fees and other regulations for in-game activities in the form of decentralized governance. Outside the game, POLIS holders can participate in the design and development of the entire game, such as deciding the direction of the game, monetary policy (ATLAS inflation rate), release schedule of new game assets, etc.
The POLIS token will have an initial circulation of approximately 21.6 million and is expected to take eight years to reach full circulation.
POLIS can be obtained through.
1) Primary market, direct sales by the team.
2) Secondary market for purchase.
3) Completing specific tasks in the game.
4) Veteran player rewards: pulling in new players and meeting the hours requirement; establishing guilds; guilds or alliances will reward users according to their participation level, game hours and other indicators.
5) Stake gained in DAO.
6）Provide mobility and get it as a mobility reward.
The current number of POLIS holders is 39,340, and the percentage of head holdings is also high, and it has not officially started circulation.
In addition to the above main part, players can also study PVE, PVP, social tools Social Developers, the game establishment tools Sporting Activities, etc., playability is sufficient.
3. Development progress
The first version of Star Atlas is expected to be launched in the second quarter of 2022, and the game is not officially launched at this time. The development of the game is divided into five phases.
l Phase 1: OpenSea Asset Selling
The project will first put some of the in-game assets on OpenSea for sale, and the assets you buy will be used in the second phase. Also your assets can be transferred to the Solana chain through the Solana-Ethereum bridge.
l Phase 2: Web Trivia
Web mini-games are the minimum viable products of Star Atlas, where players and collectors can use or trade game assets. Some of the playable mini-games are already shown on the official website, which can enable pledge mining, etc.
l Phase 3: Dock components for sale
In this mode, players can view their in-game assets and use these assets in the dock of their chosen faction.
l Phase 4: Final Pre-Sale Public Test
Star Atlas will be developed in this phase, while all the assets purchased by the players will be available in the game.
l Phase 5: Continuous Sale
The project team will continue to develop new material and create more game assets. Players will also be able to trade these assets, and the project team will collect a fee from the transactions. Players can bid on relevant game assets in the game, similar to a blind box, and you won’t know what kind of assets you can get until the bidding is successful.
The game development is still in the second stage, and the second stage is delayed for some time before it goes online.
4. Solana on-chain star
Star Atlas chose the Solana chain for several key reasons; Solana’s blockchain has extremely high transaction throughput, up to 50,000 transactions per second, Solana is highly scalable, low latency and low transaction costs ($0.0001 per transaction fee). All of these factors are critical for developing equivalent games built entirely on the blockchain. As you can visually see from the graph below, the data on the Solana chain beats other chains.
5. Team Members
Star Atlas was founded by CEO Michael Wagner, COO Pablo Quiroga and Head of Operations Deb Lucas. Prior to founding Star Atlas, Michael Wagner worked at a venture capital fund and Multichain Ventures, a company focused on producing blockchain-focused products. Deb Lucas has a background in finance, having worked at Charles Schwab and Barclays.
Members of the development team behind Star Atlas have decades of experience in game development, having worked on games such as Star Citizen, Horizon: Anticipation Dawn, The Sims series, and Web Genesis, as well as films such as Captain Marvel, X-Men: Dark Phoenix, Superman Rises Again, and Spider-Man: Day of the Living Dead.
6. Investment institutions
Star Atlas’ major partners include Solana, Serum, FTX, Stardust, Yield Guild Gaming, Solstarter, PAID network and Blind Boxes. The institutions involved in investing in Star Atlas include Moonwhale Ventures, Serum, LD Capital and Yield Guild Games.
7. Market sentiment
ThisCoinaScam shows that the Star Atlas project has a below-average security score of 4.17 as of January 11, 2022. The data shows that Star Atlas scores high on sentiment at 7.33 out of 10, but scores 0 on development. the score is based on the site’s research of The score is based on the site’s combined scores from research on social media platforms such as Reddit and Twitter.
CoinCodex data analysis of Star Atlas price as of Jan 12, 2022 shows that the short-term sentiment of Star Atlas token price seems bearish, with 12 technical indicators showing bearish signals and only 10 bullish ones.
Star Atlas (ATLAS) social media, Twitter followers 291,017, Reddit followers 8,311.
Many celebrities and well-known KOLs hold and have long been bullish on Star Atlas, including music duo BASSJACKERS, The Wolf Of All Streets and others.
8. Risk
Development cycle
Long development time is a must in a big game, but in the world of blockchain, maybe the market won’t be as patient. The current market sentiment for Star Atlas has been high, but the development progress is slow. It will take another 5 to 8 years for the real game to go live and will need to pass the test of time.
Market volatility
Star Atlas official data shows that as of January 10, the total value of pledged mining has exceeded $140,992,793, with a total of 79,539 pledged ships, but the payback period for pledged mining of ships is currently looking long. As of January 12, the price of Atlas is $0.086010, with an all-time high of $0.267549, down 67.9% from the highest price, and the price of POLIS is $4.09, with an all-time high of $18.55, down 78.0% from the highest price.
9. Project Summary
Overall, Star Atlas is a highly anticipated blockchain game that is favored by many investors and has a very ambitious vision. However, Star Atlas is still at a very early stage, and the mini-game has been delayed and the official game launch time is to be determined. If Star Atlas is successful, it could be a turning point in the blockchain game space and even revolutionize the global game industry.
Reference：
1、Star Atlas official website
https://staratlas.com/partners
2、Star Atlas official document
https://staratlas.com/economics-paper.pdf
3、Star Atlas medium
https://staratlasgame.medium.com/
4、Star Atlas — SCORE is Live !
https://www.youtube.com/watch?v=mLcFn8Hs7zE
5、Star Atlas CEO Interview Deep Dive! | DeFi NOW
https://www.youtube.com/watch?v=XjyP0fsRqvk
Risk Warning
All articles of Hoo Research do not constitute any investment suggestions. Investment must take into account individual risk tolerances since it involves high risks and. It is strongly recommended to conduct an in-depth investigation of projects and make your own investment decisions carefully.
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