Atlo is a decentralized launchpad where the community decides the projects they want to launch. Once upon a time, it was an engaged community - actively choosing what they would like to invest in. Today, most investors are gone and lost all their invested money, since Terra's network collapsed and all investments gone down in value 99.5% or more - except the UST stablecoin that only dropped 80%. Atlo used to be a protocol driven by community participation, rewarding active protocol participants with allocations into the projects launched on Atlo. While most other launchpads give out ICO benefits to their biggest token holders, Atlo mainly reward activities in the community.
A Bit About Atlo protocol
ATLO was supposed to vetting potential projects through community scrutiny and their allocation mechanisms is incentivizing participation, commitment and due diligence rather than luck or raw capital power.
A community driven launchpad on the Terra blockchain, that is putting all the money into UST.CryptoLists.com
Atlo hoped to change the launchpad game by empowering the community to make decisions about launching projects and the future structure of the Atlo Protocol itself. There are a lot of launchpads out there and their communities are rarely included in decision making. We believe crowdsourcing due diligence and information gathering delivers a better launchpad experience for both the high quality projects being launched and the investors looking to fund new projects.
Utility of Atlo protocol?
$ATLO provides Atlo community members with the means to participate in the protocol through governance votes on any decisions regarding projects to be launched as well as actual Atlo Protocol upgrades. By Staking $ATLO and voting on proposals a user is rewarded with an Atlo Rating that then also influences allocation sizes in future project launches on the Atlo Protocol itself. Community members bolster their Atlo rating through participation and earn larger allocations in upcoming Project launches. Shame that all future projects with ATLO is put on hold and most upcoming launches are probably going to choose another blockchain instead of Terra.
Atlo protocol Price detailsTERRA Contract address: terra1cl7whtrqmz5ldr553q69qahck8xvk80fm33qjx
›› Details & Tokenomics
Advantages of Atlo protocol+ An innovative launchpad in the Terra-ecosystem.
+ Atlo community choosing projects to launch makes for engaged investors.
+ Atlo incentivises long term investor behaviour.
+ Wide distribution of power prevents dominance from whales.
+ High Atlo ratings gives amazing access to the launchpad for new coins.
Disadvantages- The Terra Ecosystem collapse, has made all projects worthless.
- US citizens can only buy ATLO projects after they launched.
- Terra is still not available for Americans during ICO's.
- ATLO put all of their launchpads money in UST, that collapsed.
- Don't spread their risk. Everything in Terra, nothing in ETH or BTC.
Costs▪ Rated at 9/10
Transfer costs of $ATLO are the same as other Terra tokens, so in the region of a few cents is common. However, the transfer fees might vary over time like it is for all cryptocurrencies.
Reputation and Buzz▪ Reputation rated at 1/10
▪ Buzz rated at 2/10
Atlo has initially experienced very rapid growth from mostly marketing on major crypto related websites. In the end of December, they launched their website and litepaper, followed by a white paper one month later. In that time, Atlo have taken investment from 6 venture capital companies, early birds and a public sale that goes live on the 12th of February, 2022.
Before ATLO, four other launchpads are live on Terra and none of them have really impressed. It seems like Atlo Protocol have done more work when it comes to the future plan, which doing everything in their power to support the TERRA-ecosystem. For future token launches on ATLO, holders of ATLO that are active and staking Terra coins are having an advantage.
How will the allocation tiers be structured in Atlo?
There are no allocation tiers for Atlo the community. Each participant in the protocol gets a unique Atlo rating based on their level of participation in the protocol as well as the wider Terra Ecosystem. This ensures those investing the time, effort and capital to participate in IDOs are fairly rewarded. The Atlo Rating calculates the quality of each investor by analysing their investment participation on an on-going basis.
Which is the first ICO for ATLO?
Prefunding for MintDAO (MINT), a premium B2b service related to NFTs, started at 6 am (GMT) on the 22nd of February, 2022. The IDO for MintDAO will run for 48 hours and in total, 3 529 411 tokens will be on sale. The vesting schedule is 4 months. After $MINT, a virtual gaming metaverse called Fanfury ($FURY) will go live followed by Minerva ($TOURCH), a marketplace platform for wine and other type of assets which can be nice to have in an inflatory environment.
How is Atlo different from other launchpads?
The community is in control. Decentralisation and governance is at the heart of everything Atlo does, from deciding which projects launch to the products we develop and the rules that govern us. All of it is decided by the community.
Will Atlo go cross-chain?
It’s in their roadmap. While Terra is an amazing ecosystem and has a great community, ATLO's founding team envision connecting other chains and protocols, particularly as cross-chain integration becomes more sophisticated and common.
How come it's only 13.78M circulating tokens after launch?
The reason there is only 13 782 898 is because even though a lot of tokens were sold, a majority of them will be vesting. 29 569 579 tokens from the early bird will be locked up with 5 months daily linear vesting. Another 30 607 519 tokens will be locked up with 4 months daily linear vesting.
So when ATLO goes live on 12th Feb, only a small number of the total tokens sold will be on the market. Most will still be locked up in vesting schedules. Over time, the amount of circulating ATLO tokens will therefore increase.