Star Atlas DAO (POLIS) is a cryptocurrency token that powers the governance and decision-making processes within the Star Atlas metaverse, a blockchain-based gaming platform built on the Solana network. POLIS token holders can participate in voting on proposals that shape the game's development and direction, with voting power determined by the quantity and duration of tokens locked in the DAO framework. The token also incentivizes long-term commitment and engagement within the community.
The Star Atlas DAO (POLIS) is a multifunctional decentralized governance token used for decision-making and governance within the Star Atlas ecosystem. POLIS token holders have voting power in the Star Atlas DAO, which determines the direction of the project's development. The token is used for voting on proposals, controlling the treasury, and governing the Star Atlas metaverse and game. Additionally, the Star Atlas DAO is responsible for minting, distributing, and redistributing the in-game utility token (ATLAS) in the treasury.
To store Star Atlas DAO (POLIS) tokens, you have several options based on your needs and preferences:
Centralized Exchange (CEX): You can store your POLIS tokens on a centralized exchange. This method provides easy access to various investment products and features, such as spot and futures trading, staking, and lending. However, you must ensure the exchange has strict security measures to protect your assets.
Non-Custodial Wallets: For maximum security and control over your private keys, you can store POLIS tokens in a non-custodial wallet. This includes hardware wallets, Web3 wallets, or paper wallets. This option requires you to manage and secure your private keys, which can be less convenient for frequent trading.
Ledger Nano X: You can also store POLIS tokens on a Ledger Nano X. To do this, you need to download the Solana app on your Ledger, create a Phantom wallet account, connect your Ledger, and then move your SOL and POLIS tokens to the address using the Solana network.
- Crypto Wallet: You can buy POLIS tokens directly through a crypto wallet that supports POLIS. This involves selecting a reliable wallet, downloading the app, creating a wallet address, and purchasing POLIS using a supported payment method. You may need to swap for POLIS if the wallet doesn't support direct fiat-to-POLIS purchases.
Each method has its pros and cons, so it's essential to choose the one that best fits your needs and security concerns.
To buy Star Atlas DAO (POLIS) tokens, follow these steps:
Choose a Reliable Exchange:
- Select a trustworthy centralized exchange (CEX) that supports POLIS purchases, such as Binance, CoinEx, Kraken, gate.io, or MEXC.
- Compare fees, security features, and supported currencies before choosing an exchange.
Create an Account:
- Register a free account on the chosen exchange by providing necessary information, including your name and email address.
- Enable two-factor authentication (2FA) for added security.
Verify Your Identity:
- Complete Know-Your-Customer (KYC) verification to increase withdrawal limits and unlock additional features.
Add a Payment Method:
- Follow the exchange's instructions to add a credit/debit card, bank account, or other supported payment methods.
Buy POLIS:
- Use fiat currency to buy POLIS directly if supported, or first purchase a popular cryptocurrency like USDT and then exchange it for POLIS.
Transfer to Wallet:
- Once purchased, transfer your POLIS to a personal cryptocurrency wallet for safekeeping and potential trading on decentralized exchanges.
For decentralized exchanges (DEXs), you can use a wallet like Trust Wallet and connect it to the DEX to trade SOL for POLIS.
The history of Star Atlas DAO (POLIS) is deeply intertwined with the development of the Star Atlas project, a next-generation gaming metaverse built on the Solana blockchain. The project was founded by a team including CEO Michael Wagner, COO Pablo Quiroga, COP Danny Floyd, and CTO Jacob Floyd, who assembled the development team in 2020. The founders brought extensive experience from various fields, including venture capital, biotech, and supplement startups.
Star Atlas is designed to merge cutting-edge blockchain technology, real-time graphics, and decentralized financial systems to create a futuristic space exploration and territorial conquest setting. The game features a dual-token economy, with ATLAS serving as the in-game currency and POLIS as the governance token. POLIS allows players to participate in the Star Atlas DAO, which makes decisions on critical aspects of the ecosystem, including the minting and distribution of ATLAS.
The Star Atlas DAO utilizes a voting-escrow model, where POLIS tokens are staked in an escrow account to grant voting power. This model favors community members with long-term conviction in the project, making it resilient against governance attacks. The DAO uses POLIS Improvement Proposals (PIPs) to propose and vote on new features, processes, and experience changes to the Star Atlas Metaverse.
The project has received investments from notable firms such as Sino Global Capital, Republic Crypto, and Animoca Brands. Additionally, Star Atlas has collaborated with Uphold to integrate its fiat on-ramp solution, Topper, directly into the game, allowing players to purchase assets like ATLAS and POLIS seamlessly.
Throughout its development, Star Atlas has focused on creating a decentralized and community-driven ecosystem, with the Star Atlas DAO at its core. This governance structure empowers players to shape the future of the game and its economy, making it a unique and innovative project in the cryptocurrency space.
The Star Atlas DAO (POLIS) is a decentralized governance system that empowers the community to influence the direction of the Star Atlas metaverse. Here's how it works:
Voting-Escrow (VE) ModelThe DAO uses a voting-escrow (VE) model, where POLIS tokens are staked in an escrow account in exchange for voting power. This model favors community members who are committed to the long-term vision of Star Atlas, making it more resilient against governance attacks.
POLIS Staking RewardsA total of 127,800,000 POLIS tokens have been set aside for staking rewards, distributed daily over eight years. The rewards are calculated based on a user's share of the total POLIS Voting Power (PVP) for the previous day. The PVP is determined by the quantity of tokens staked and the length of time they are committed.
Proposal and Voting ProcessMembers can propose changes to the ecosystem through POLIS Improvement Proposals (PIPs). These proposals are voted on by the community using on-chain voting. The Star Atlas DAO uses multi-signature wallets to ensure secure and transparent decision-making.
Governance PrinciplesThe DAO is guided by seven core principles, including quality, clarity of purpose, safety, transparency, community engagement, governance integration with gameplay, and censorship resistance. These principles aim to ensure the Star Atlas ecosystem is guided by the community's collective decisions.
Star Atlas CouncilThe proposal process is guided by the Star Atlas Council, an elected body of representatives. This council helps facilitate the decision-making process and ensures that the community's voice is heard.
Community EngagementThe Star Atlas DAO encourages community participation through detailed proposals and on-chain voting. This allows members to bring their ideas to life and shape the future of the metaverse.
Overall, the Star Atlas DAO provides a decentralized and transparent governance structure, empowering the community to make decisions that impact the entire ecosystem.
The token Star Atlas DAO (POLIS) has several strengths:
Governance and Voting Power: POLIS is the governance token in the Star Atlas ecosystem, giving holders the right to participate in decision-making processes within the game and its decentralized autonomous organizations (DAOs). This token allows users to have a say in the direction of the game and its economy.
Fixed Supply: POLIS has a fixed maximum supply of 360 million tokens, which means it is not inflationary. This limited supply can help maintain the token's value over time, as it is not subject to unlimited creation.
Multifunctional: POLIS has applications both within the game and in the real-world economy. It represents political influence, allowing holders to control regions, impose taxes, and create laws within the game. This multifunctionality adds value to the token.
Security and Staking: POLIS can be staked to earn interest, with rates potentially reaching up to 125% APY. This staking mechanism is secure, with measures such as two-factor authentication in place to protect user data.
Deflationary Nature: As POLIS is not inflationary, its value is more likely to increase over time due to supply and demand principles. This makes it an attractive option for investors seeking long-term growth.
These strengths position POLIS as a valuable token within the Star Atlas ecosystem, offering a range of benefits to holders and investors.
Star Atlas DAO (POLIS) carries several financial risks. One significant risk is its high volatility, which can lead to significant price fluctuations. This volatility is inherent to the cryptocurrency market and can result from various factors such as market sentiment, regulatory changes, and global economic conditions.
Another risk is the potential for market manipulation. Star Atlas DAO has been given a high risk rating by InvestorsObserver due to its susceptibility to price manipulation based on factors such as volume and market capitalization.
Additionally, the price of POLIS is speculative and subject to market risks, making it important for investors to do their own research and consider the potential risks before investing. The cryptocurrency market is known for its unpredictability, and prices can drop significantly in a short period, leading to financial losses.
Furthermore, the Star Atlas DAO is still developing and refining its governance framework, which can lead to uncertainty and potential risks for investors. The project's long-term vision is to become an autonomous, player-owned game, but this process may be subject to various challenges and setbacks.
Overall, investing in Star Atlas DAO (POLIS) carries significant financial risks, and investors should be cautious and well-informed before making any investment decisions.
- Michael Wagner: Co-Founder & CEO of Star Atlas, with a background in traditional finance and a CFA charter. He is involved in the in-game finance and economics.
- Danny Floyd: Co-Founder & Chief Product Officer, responsible for the gameplay, storyline, in-game mechanics, and development. He has over 20 years of game development experience.
- Jacob Floyd: Co-Founder, involved in game development and the overall vision of Star Atlas.
- Alex Ye: Co-Author of the Star Atlas Economics Paper, contributing to the development of the game's economic system.
- TJ Kawamura: Co-Author of the Star Atlas Economics Paper, involved in the development of the game's economic system.
- Alex Bokhenek: Co-Author of the Star Atlas Economics Paper, contributing to the development of the game's economic system.