Atari Cuts Ties with ICICB Group and Unveils New Token Plans

Atari’s Bold Move

In a staggering twist of events, Atari has declared an abrupt end to its partnership with the ICICB Group. The decision was announced on a typical Monday, which is never a good sign for a business news cycle. The former video-game giant’s statement declared all collaborative agreements null and void, stating that ‘ICICB is not authorized to represent Atari or its brands in any manner.’

No More Atari Tokens?

Once dubbed the Atari Token (ATRI), this digital currency now faces an uncertain future. In fact, Atari declared that all promotional material related to these tokens—including websites, whitepapers, and social media accounts—are unlicensed and completely off their radar. Talk about hitting the brakes on a project!

What Comes Next for Atari?

Atari seems to have tossed the baby out with the bathwater, but they’re not leaving their fans in the lurch. The firm plans to launch a brand-new proprietary token focusing squarely on gaming and community utility. One can only imagine the brainstorming sessions happening in the Atari boardroom right now, with 8-bit ideas flying left and right.

What If You Own ATRI?

Now for the players holding onto ATRI tokens—don’t fret just yet! Atari has put forward a plan to conduct a future token exchange. The company has taken a ‘snapshot’ of all ATRI holdings as of April 18, 2022, at 6:00 pm CET. Essentially, if you held ATRI at that time, you’ll soon have the chance to swap it for the fresh, new Atari token.

Eligibility Rules

Only tokens present in wallets at the time of the snapshot count.
Tokens acquired after the snapshot are not eligible, so don’t be a latecomer to this party.
Holdings must match the quantities captured in the snapshot to qualify for exchange.

Current State of ATRI

If you’re keeping an eye on the market, you might want to know that the ATRI ‘legacy’ token is struggling, down 9.47% over the past 24 hours, leading to a market cap plummet to $26 million. It seems like the rollercoaster of crypto never stops, does it? Hold onto your controllers, as this is bound to get interesting!