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Atlantis

ATLAS

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Market

Market stats

Market cap

-

Volume (24h)

-

Circulating supply

-

All time high

$31.02

Price change (1h)

0%

Price change (24h)

+0.02%

Price change (7d)

-22.41%

About Atlantis

Atlantis (ATLAS) is a blockchain-powered decentralized reserve currency protocol based on the ATLAS token. Each ATLAS token is backed by a basket of crypto assets, ensuring that the intrinsic value is retained. Meanwhile, a decentralized reserve currency protocol (DRCP) administers its currency with cryptocurrency reserve assets, like how central banks manage their cash with reserve assets.

Traditional decentralized finance, also known as DeFi 1.0, aspires to deliver finance to the masses. Still, it is limited in terms of scalability, security, and liquidity. DeFi 2.0 is the second generation of DeFi protocols, which tries to address these issues and improve the user experience. In DeFi 2.0, there has been a growing emphasis on sustainability and protocol-owned liquidity. Many initiatives have forked the early movers in the decentralized reserve currency field. In contrast, rather than imitating existing protocols, Atlantis seeks to develop its native liquidity base.

Atlantis uses a protocol-owned liquidity (POL) pool. The platform owns the bulk of its liquidity via its bond mechanism. By being the most extensive liquidity provider, the network earns most of the LP (liquidity pool) fees, which provides another source of income for the treasury. Hence, the platform doesn't need to distribute high farming rewards to incentivize liquidity providers. The POL is critical because it avoids a liquidity exodus for the DEX on Atlantis during severe market volatility. 

 ATLAS is the native token of the Atlantis platform. The token resides on the Binance Smart Chain, or BSC (a parallel chain to run smart contracts on Binance exchange), and is deflationary. This means that when users stake ATLAS to earn more ATLAS tokens as rewards, the protocol burns a percentage of the repurchases, reducing the token's circulating quantity and causing the price to rise. Cryptocurrency burning occurs when a fraction of tokens are sent to a wallet with no private key. In other words, tokens that are burnt are lost forever. Tokens are usually burnt to reduce availability and increase market value. The platform seeks to burn a portion of the trading fee in the form of ATLAS tokens charged by the DEX. 

Additionally, the platform brings new economic dynamics to the market through staking and bonding procedures. Staking is the most common way to make money with the platform. At the same time, bonding serves as a secondary approach for accumulating value by offering ATLAS at a discount in exchange for Binance USD (BUSD), Binance Coin (BNB), and so on. The protocol informs the user about the bond price and the quantity of ATLAS tokens entitled to the bond's maturity period. Before the maturity period, the investor can claim some advantages (ATLAS tokens). Users can also claim the entire amount, including the principal, at the end of the period.  

News about Atlantis

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CoinDesk • Mar 04, 24

Pepecoin Becomes Biggest Meme Coin Gainer as DOGE, SHIB Rally Eases

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The Block • Mar 04, 24

Bitdeer develops 4nm bitcoin mining chip for upcoming rig

Bitcoin mining firm Bitdeer said it hopes to support the community to get prepared for the bitcoin halving event expected to occur in April.

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The Block • Mar 04, 24

Bitcoin Ordinals, Milady Maker interest surges as optimism seeps into select NFT projects

Prices and trading volumes for some nonfungible tokens are surging as Bitcoin appears interested in challenging its all-time high.

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BeInCrypto • Mar 04, 24

Will This New Bitcoin Chip Be a Boon for Miners After Next Halving?

Dive into the latest developments in the Bitcoin mining industry, including insights from companies like Marathon Digital and Hut 8. Explore how firms are preparing for the challenges and opportunities presented by the upcoming Bitcoin halving event.The post Will This New Bitcoin Chip Be a Boon f...

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Atlantis is on the decline this week.

The current price is $0.000177 per ATLAS with a 24-hour trading volume of $0.00. Currently, Atlantis is valued at 100.00% below its all time high of $31.02. This all-time high was the highest price paid for Atlantis since its launch.

The current circulating supply of Atlantis is 0 ATLAS which means that Atlantis has as total market cap of 0.

FAQ

What is the current price of Atlantis?

We update our Atlantis to USD currency in real-time. Get the live price of Atlantis on Coinbase.

What is the market cap of Atlantis?

The current market cap of Atlantis is $0.00. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Atlantis?

The all-time high of Atlantis is $31.02. This all-time high is highest price paid for Atlantis since it was launched.

What is the 24 hour trading volume of Atlantis?

Over the last 24 hours, the trading volume of Atlantis is $0.00.

What other assets are similar to Atlantis?

Assets that have a similar market cap to Atlantis include DAOstack, X AI, X AI, and many others. To see a full list, see our comparable market cap assets.

How many Atlantis are there?

The current circulating supply of Atlantis is 0.

Can I buy Atlantis on Coinbase?

No, Atlantis is not currently available on Coinbase, but you can sign up to get the latest news on Atlantis and be notified when it gets added to our exchange.

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