Star Atlas Describes Itself As

Star Atlas is a massive multiplayer online game that takes place in a virtual gaming metaverse, built on the Solana blockchain. It is being built on Unreal Engine 5, allowing the game to feature cinema-quality, real-time environments, and using Solana, Star Atlas has established a largely serverless and secured gameplay experience. Star Atlas takes place in a futuristic science fiction setting in 2620, where three major factions have emerged and are competing for resources and control: MUD - humankind, ONI - a consortium of alien races and Ustur - sentient androids.

Star Atlas follows a play-to-earn model, where ATLAS plays the role of it’s in-game currency, used to purchase items such as weapons, ships, land, and equipment, and to pay as rewards for completing certain objectives. Other in-game assets such as land and ships take the form of NFTs, bringing digital scarcity and real-asset ownership to the Star Atlas world. The ecosystem also has a governance token, POLIS, that allowings voting within the Star Atlas DAO. 

Additionally, Star Atlas’ integrated NFT marketplace provides players unprecedented control over their assets, capable of trading NFTs in a truly decentralized economy.

Star Atlas was founded by CEO Michael Wagner, COO Pablo Quiroga, COP Danny Floyd, and CTO Jacob Floyd, with the development team assembled in 2020. The executive team brings a wealth of experience to the project, with Wagner notably holding positions at a VC fund and Multichain Ventures, and Quiroga having founded a supplement startup and operating in biotech, prior to the initiation of Star Atlas. Investors in the project include Sino Global Capital, Republic Crypto, and Animoca Brands.  

Risks of ATLAS

Like an investment in other crypto assets, there are some general risks to investing in ATLAS. These include:  (i) volatility risk and liquidity risk, (ii) short history risk, (iii) demand risk, (iv) forking risk, (v) code defects, (vi) regulatory risk, (vii) electronic trading risk, and (viii) cyber security risk. For additional information of these and other general risks associated with crypto assets and Uphold’s platform, please refer to the Risks Specific to Holding Digital Assets statement.

In addition to these general risks, an investment in ATLAS is subject to the following specific risks:

• Any potential success associated with ATLAS is dependent on its rate of adoption by users. Investors should be aware a number of competing blockchain gaming projects have entered the field since 2017.
• Any potential success associated with ATLAS is dependent on a number of external factors, such as the growth and increased adoption of the metaverse economy, and the continued popularity of NFTs as digital collectibles.

We emphasize that this Crypto Asset Statement is not an exhaustive description or summary of all risks associated with ATLAS. Investors should conduct their own research and perform their own assessment before trading any crypto asset to determine the appropriate level of risk for their personal circumstances.

The ATLAS community and Star Atlas DAO are not under any legal or regulatory obligation to disclose material information to the public regarding its activities. Holders of ATLAS have no recourse to the ATLAS community, Star Atlas DAO, or Uphold if ATLAS declines in value for any reason.

Changes to applicable law may adversely affect the use, transfer, exchange, or value of any of your crypto assets, and such changes may be sudden and without notice.

Uphold’s Evaluation Process

Prior to listing ATLAS on the Uphold Platform, Uphold performed due diligence on ATLAS and determined that ATLAS is unlikely to be a security or derivative under relevant securities legislation. Uphold’s analysis including reviewing publicly available information on the following: 

• The creation, governance, usage, and design of ATLAS, including ensuring the source code being open-source, audited and peer reviewed, security, and roadmap for growth in the developer community. 
• The supply, demand, maturity, utility, and liquidity of ATLAS.
• Marketing materials put forward by the ATLAS social team including, Twitter, Medium blog, LinkedIn posts, Discord and Telegram channels.
• Material technical risks associated with ATLAS, including any code defects, security breaches and other threats concerning ATLAS and its supporting blockchain (such as the susceptibility to hacking and impact of forking), or the practices and protocols that apply to them.
• Legal and regulatory risks associated with ATLAS, including any pending, potential, or prior civil, regulatory, criminal, or enforcement action relating to the issuance, distribution, or use of ATLAS.