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Atari Joins Crypto Craze With Atari Token, Pong Token

18 February 2018

Even though the actual details on what can be expected from the Atari Token are extremely vague, the fact that cryptocurrency is a major trend was enough to send Atari shares skyrocketing.

Atari is playing it smart, and is getting around regulation - they're calling their cryptocurrency "tokens" and not "coins". "This platform, under development, will operate using a cryptocurrency, the Atari Token". It will be used in a Blockchain-based digital entertainment platform created by Infinity Networks, Ltd., in which Atari bought a 17.5 percent stake.

Pong Token is all about gaming, where it's explained as: "The second project in progress is the strengthening of the partnership with Pariplay, Ltd in the launch in 2018 of casino platforms allowing players to bet either in real money or with most crypto-currencies now outstanding". Atari is also partnering with Pariplay to launch new casino platforms this year, which will use Atari's games and accept most cryptocurrencies, including a second one from Atari called Pong Token.

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However, the idea of cryptocurrency-based casinos - whether or not they are tied with retro games - may push the brand forward should gamers take an interest.

"Blockchain technology is poised to take a very important place in our environment and to transform, if not revolutionize, the current economic ecosystem, especially in the areas of the video game industry and online transactions", Atari Chairman and Chief Executive Officer Frederic Chesnais said in the statement.

Atari is not the first company - and probably won't be the last - to experience a boost in its share price after announcing the release of its own cryptocurrency. We'll see what ultimately comes from this - and if anything Atari is now developing will ever be available in United States - soon enough, so stay tuned. However, as more and more sites began to pick up the news, Atari stock plunged suddenly on Friday, falling by about 8%. In exchange for licensing, Atari has very little in terms of cash to lose.

Atari Joins Crypto Craze With Atari Token, Pong Token