THE ATLAS Sale AND $ATLAS/$POLIS ARE NOT BEING OFFERED IN THE UNITED STATES OR TO ANY U.S. PERSONS. IF YOU ARE LOCATED IN, INCORPORATED OR OTHERWISE ESTABLISHED IN, OR A RESIDENT OF THE UNITED STATES OF AMERICA, YOU ARE NOT PERMITTED TO PARTICIPATE IN THE ATLAS Sale OR TO PURCHASE ANY ATLAS/POLIS TOKENS.
Prepare for the Sale
Take a moment to familiarize yourself with Star Atlas scroll to the bottom of this article.
Note: Any user who does not stake 150 FTT by 9 PM SGT, Aug 25th will NOT be allowed to participate in this Sale. Additionally, any user who has not been approved to at least KYC level 2 will NOT be allowed to participate in this Sale.
Details and guide: https://ftx.com/atlas-polis-ieo
In order to bid during the Sale, make sure you read the rules below and do the following beforehand:
- Register your FTX account and submit KYC level 2. Due to a large inflow of new sign-ups, any account that signs up past 9PM SGT Aug 18th 2021 will not be guaranteed entry into the Sale.
- There is no guarantee of your right to participate in the Sale or to receive any allocation.
- Set an alarm in advance: the Sale starts at 9 PM SGT, Aug 26th.
- Prepare funds to bid: at least 400 USD(T), and at most 500 USD(T) and 5 FTT per ticket
- You will have one hour to bid: between 9 PM SGT, Aug 26th and 10 PM SGT, Aug 26th.
- Buy/Hold FTT to lock in your additional ticket allotment 24 hours before the Sale. This means before 9 PM SGT, Aug 25th.
- Await Results
- There are 2000 accepted tickets, each ticket for 180 000, and 1800 Atlas & Polis respectively (360,000,000 ATLAS tokens total, 3,600,000 POLIS). At 10 pm SGT, we’ll raffle off the allocations. The minimum bid is $400 and the maximum bid is $500 + 5 FTT ($0.001388 per Atlas & $0.138 per POLIS + 5 FTT). They will go to the highest bidders; in the event that there are over 2,000 tickets each bidding US $500 per ticket + 5 FTT, we’ll allocate randomly between them.
- Within a few hours of determining the allocations, the trades will print to the winning buyers’ subaccounts, and they will be able to transfer (non-ATLAS/POLIS) funds out of the ATLAS-Sale subaccount.
- If you do not win your funds will be returned
- If you bid FTT but would have won the auction without it, the FTT will be returned
- All FTT paid will be burned
Rules for Bidding
Each bid ticket, if filled, will result in a trade: you pay your bid price and receive 180,000 ATLAS and 1800 POLIS. You can enter the number of tickets you would like to submit. Each ticket is an additional entry for another 180,000 ATLAS and 1800 POLIS tokens; several could theoretically be filled.
- Any user who is qualified for the Sale (account is approved to at least KYC level 2 and has 150 FTT staked) will receive 1 ticket. You may be able to purchase additional tickets based on additional FTT staked above the minimum staking requirement
FTT staked on Aug 25th, 2021
- ≥ 150: 1 ticket
- ≥ 1,000: 2 tickets
- ≥ 10,000: 3 tickets
- ≥ 50,000: 4 tickets
- ≥ 250,000: 5 tickets
- ≥ 1,000,000: 6 tickets
Please take note of the following:
- FTT staked will be summed across all your ftx.com subaccounts.
- Your maximum number of tickets gets locked in based on the amount staked 24h before the Sale. We will indicate on this page what numbers are final a few hours after that.
- Please carefully review our Terms of Service, especially as they pertain to trading activity and KYC submission
- All participants agree to abide by the FTX Terms of Service.
- Any participants found violating the FTX Terms of Service will be disqualified.
- FTX reserves the right to amend the Terms and Conditions of this Sale without prior notice.
- Multiple entrants from a single trader are strictly prohibited and will result in disqualification.
- US residents or residents of any FTX restricted jurisdiction are strictly prohibited.
- Reselling purchased ATLAS to a resident of the US or any restricted jurisdiction is strictly prohibited.
THE STAR ATLAS SALE AND THE ATLAS/POLIS TOKENS ARE NOT AND WILL NOT BE OFFERED IN THE UNITED STATES OR TO ANY U.S. PERSONS (AS DEFINED IN REGULATION S PROMULGATED UNDER THE U.S. SECURITIES ACT OF 1993, AS AMENDED).
WHAT IS ATLAS?
Star Atlas is a virtual gaming metaverse based in the year 2620. In this distant future, three major factions have emerged, in an ongoing struggle for resources, territorial conquest, and political domination. Players can join a faction, directly influence the course of the metaverse, and earn real-world income for their contributions.
For more details please find the details outlined in the whitepaper:
Total $ATLAS: 36B
Total $POLIS: 360m
Total ATLAS for Sale during IEO: 360m
Total POLIS for sale during IEO: 360,000
Unlocked after IEO: Yes