In this post we are going to see how you can buy Star Atlas DAO (POLIS) without paying high commissions. Currently, it is not listed on any exchange, but you can get it through the DEFI Raydium exchange. If you don’t know how, let’s see it here.
If you want to know more about this cryptocurrency, below we are going to see what Star Atlas DAO is so you can learn more about this cryptocurrency before you buy it.
Where to buy POLIS
To buy Star Atlas DAO, we are going to use Binance and a wallet compatible with the Solana network, either phantom, sollet or other, for me the best option if you don’t have a wallet is phantom, ideal and very intuitive. Binance will be useful to buy Solana, to exchange it for the Star Atlas DAO token in Raydium. Below you can see a step by step video to get rid of any doubts.
If you already have in your Solana network wallet and SOL to pay for commissions, you are simply going to have to head over to raydium, and copy the Star Atlas DAO contract so you can find the token or search for it by name in tokens. You can find this on Coingecko or coinmarketcap by searching for Star Atlas DAO or you can copy the contract from the Solana network just below:
With this contract, you will be able to find the token, in from to exchange it for the cryptocurrency you want in Raydium. In addition to adding the token in your wallet and be able to see the amount you have once purchased.
It is currently listed on the exchange gate.io, which you can create your account below and buy without using raydium in a simpler way.
Step by Step
Let’s take a closer look at how you can buy Star Atlas DAO. The first thing to do is to login to Binance, if you don’t have an account you can create one here. With your account, you must make a deposit to have funds and be able to buy SOL. You can deposit funds with your credit card, to have the balance directly and without having to wait.
With your first deposit, whether it is euros, dollars or another currency, you must go to markets, and look for your currency with respect to Solana (SOL). In my case, EUR/SOL. Here go to the red sell button, and exchange your currency, in my case euros, for SOL. We use SOL because the commissions on the Solana network are paid with this cryptocurrency, as happens with the Ethereum network with ETH. You can buy also USDT (Tether), but you must have a small amount of SOL in your wallet to pay for the commissions, which are really low. With 5-10$ of SOL is enough.
Once you have SOL, you must click on the cryptocurrency, and click on withdraw. Go to your solana compatible wallet, and click on the address or above, you will see that an address is copied when you click on it. You must enter this address in Binance to withdraw your SOLs from Binance to your wallet. It is very important to specify the SOL network, and the amount you want to withdraw. The commission is variable, but it is usually around 0.02 SOL. Confirm that everything is correct and confirm the transaction.
Open your wallet, and it should appear in a few minutes the amount of SOL you have transferred.
With this done, we must go to Raydium, in the swap part. Here in from, we indicate Solana (SOL) and to, the token POLIS. If you look for it, sometimes you can’t find it. If it is your case, you can look for it in coingecko to see it, or you can copy it just below:
With this, the Star Atlas DAO token should appear in order to be able to exchange.
Now it only remains to indicate the amount of Solana you want to use to buy Star Atlas DAO (POLIS). Check in the wheel, that the slipping tolerance is at 0.5% or 1% to avoid price fluctuations. Click on swap, and confirm in your wallet. In less than a minute, you should be able to see your Star Atlas DAO in your wallet.
If you do not have the token added to your wallet, you may not see the tokens you just swapped. To do this, click on add token, and search for the name of the cryptocurrency. If you don’t see it, you can always copy the contract we have indicated above to detect the cryptocurrency, and you will be able to see the amount of Star Atlas DAO you have in your wallet.
If you want to sell your Star Atlas DAO, it is as simple as doing the same process, indicate above in from the cryptocurrency you want to exchange, and in to the cryptocurrency you want to get, whether it is Solana, USDC or other, as long as it is inside Raydium and in the Solana ecosystem.
What is Star Atlas?
POLIS, unlike the ATLAS token, is the DAO token that gives governance and the possibility to vote on future changes to the game. While Atlas is the token that will be used within the game for all kinds of situations, such as repairing a ship, buying merchandise and many other functionalities that we will see in the future.
Star Atlas is a next-generation gaming metaverse that emerges from the confluence of the most advanced blockchain technologies, real-time graphics, multiplayer video games and decentralized finance.
Real-time graphics technology using Unreal Engine 5’s Nanite enables cinematic-quality video game visuals. Blockchain technology using the Solana protocol established a largely serverless and secure gaming experience. The non-fungible tokens obtained and traded in Star Atlas create an economy that replicates the tangibility of real-world assets and ownership.
The ethos of the Star Atlas development team is to encourage the liberation of time spent in this virtual world and to emphasize the ability of this value generation to transcend the virtual into the real world and establish a sovereign metaverse feedback loop.
Digital assets owned always belong to the holder and are held safely in a wallet and earned cryptoassets can be converted to other mediums of exchange at the push of a button.
Use of the ATLAS Token
ATLAS will be the native in-game currency in Star Atlas. Unlike the governance-focused POLIS, ATLAS is the driving force for operational costs and revenue within Star Atlas. It will be required for the use of actions such as repairing ships, refueling, purchasing consumables, replacing worn out equipment and paying the Land Value Tax.
While the upcoming Galactic Asset Offering will be funded by the USDC, players will eventually be able to spend ATLAS to purchase digital assets such as ships, crew, components, land and equipment.
Players hoping to strike it rich in Star Atlas will have to carefully prioritize the amount of ATLAS they use in the metaverse with the amount of income they can earn with their time. ATLAS will serve as in-game currency to purchase assets or items from an NPC trader or directly from a player (peer-to-peer), such as personnel for mining equipment, fuel for ships, and damage repairs, in addition to serving as the predominant currency within the NFT marketplace.
Star Atlas Galactic Market
The Star Atlas Galactic Marketplace connects all players in the game to buy and sell all types of assets and post job advertisements for paid in-game tasks.
Most of the assets traded in the Marketplace will be earned by performing in-game tasks, but they can also be purchased in pre-sales and future exclusive sales, allowing users to get their hands on exceptionally rare and unique items, such as commemorative spaceships. Other players will either place bid offers or immediately settle for the limit price.
DeFi economic system of the future
Powered by the Solana blockchain and the Serum protocol, Star Atlas offers real money-making opportunities to metaverse game participants. Instead of playing prescribed roles to earn video game points that can then be exchanged for real-world currencies in gray markets, Star Atlas enables open-ended creative experiences that are monetizable across the metaverse through ATLAS and NFT. Here are some of the key decentralized financial functions that Star Atlas can facilitate:
- Lending from a variety of Solana/Serum assets for AMM performance.
- Automated market making on various asset pairs to earn trading commissions
- Performance Agriculture
Identify assets to borrow at lower yield and lend/trade at higher yield, earning the spread on assets player-created content
- Star Atlas plans to enable the generation of player-created content to add to the game and sell on the marketplace. This includes externally created assets or skins, such as efficiency algorithms, which would provide buyers with an advantage in mining yields, trading yields