Launching with LBank: A Promising Beginning
Star Atlas, a revolutionary force in the fusion of gaming and blockchain, has taken a significant leap forward with the listing of its ATLAS token on LBank. This milestone not only marks a new chapter in its journey but has also sparked a notable surge in market interest, evidenced by a 60% increase in ATLAS's value since its lowest point. This uptick reflects the growing excitement and confidence among investors and gamers alike, drawn to Star Atlas's innovative approach.
The Visionary Roadmap
At the heart of Star Atlas's recent showcase at the 2023 Breakpoint keynote is an ambitious roadmap that combines the thrill of gaming with the revolutionary capabilities of blockchain technology. This forward-thinking plan is setting a new benchmark in the virtual gaming world, all underpinned by the power of the Solana blockchain.
Revolutionizing the Gaming Experience
In the past three years, Star Atlas has painstakingly constructed its digital universe. The release of the Unreal Engine 5 game, now available on the Epic Games Store with version R2.1, marks a significant milestone. This version is not just about solo gaming; it introduces an exhilarating multiplayer dimension with dogfighting arenas, seamlessly merging in-game NFT assets with its digital marketplace.
Raising the Bar with R2.2
The upcoming R2.2 release promises to elevate the multiplayer gaming experience even further. Featuring competitive combat racing and groundbreaking on-chain features like blockchain-linked ship configuration and extensive mastery and XP systems, Star Atlas is setting a new standard in real-time multiplayer metaverse gaming, capable of accommodating up to 30,000 users simultaneously.
Expanding Beyond the MMO
Star Atlas's ambition extends beyond its Unreal Engine MMO world. With Star Atlas: Golden Era, a browser-based strategy game fully integrated with the Solana blockchain, the gaming universe demonstrates its commitment to expanding across different platforms. This game enhances the metaverse experience with advanced guild systems and on-chain architecture.
Empowering Developers and Building Community
Recognizing the importance of community and collaboration, Star Atlas has initiated an open IP policy and a comprehensive build program for developers. This move has inspired over 16,000 downloads of its development kits, fostering a community of innovation around the Star Atlas universe.
Building a Digital Nation-State
The project's keynote highlighted Star Atlas's broader vision: creating more than just a game but a digital nation-state powered by a community-driven economy, all enabled by Solana's blockchain technology. The upcoming year is poised to showcase the significant progress made towards this ambitious vision.
A Future Forged Together with LBank
In redefining the MMO metaverse experience, the collaboration with LBank is pivotal. This partnership isn't just about supporting Star Atlas's roadmap; it's a signal of a future where gaming and blockchain are seamlessly intertwined, opening up new realms of possibilities in the digital world. The journey of Star Atlas, strengthened by LBank, exemplifies the power of strategic partnerships in shaping the future of blockchain and gaming.
Learn More about STAR ATLAS:
Official Website: https://staratlas.com/
Contract: https://solscan.io/token/ATLASXmbPQxBUYbxPsV97usA3fPQYEqzQBUHgiFCUsXx
Twitter: https://twitter.com/staratlas
Discord: https://discord.gg/staratlas
YouTube: https://www.youtube.com/@StarAtlasGame
Game: http://labs.staratlas.com
Game Store: https://store.epicgames.com/en-US/p/star-atlas-bead34
Governance: https://govern.staratlas.com
Frequently Asked Questions
What does a gold IRA look like?
Individuals who want to invest with precious metals may use the Gold Ira accounts, which are tax-free.
Physical gold bullion coin can be purchased at any time. You don't have to wait until retirement to start investing in gold.
An IRA lets you keep your gold for life. When you die, your gold assets won't be subjected to taxes.
Your gold is passed to your heirs without capital gains tax. It is not required that you include your gold in the final estate report because it remains outside your estate.
To open a gold IRA, you will first need to create an individual retirement account (IRA). Once you've done so, you'll be given an IRA custodian. This company acts as an intermediary between you and IRS.
Your gold IRA custody will take care of the paperwork and send the forms to IRS. This includes filing annual reports.
Once your gold IRA is established, you can purchase gold bullion coins. The minimum deposit is $1,000. However, you'll receive a higher interest rate if you put in more.
Taxes will be charged on gold you have withdrawn from an IRA. You'll have to pay income taxes and a 10% penalty if you withdraw the entire amount.
A small percentage may mean that you don't have to pay taxes. There are exceptions. There are some exceptions. For instance, if you take out 30% or more from your total IRA assets, federal income taxes will apply plus a 20 percent penalty.
You should avoid taking out more than 50% of your total IRA assets yearly. You'll be facing severe financial consequences if you do.
How much should your IRA include precious metals
You should remember that precious metals are not only for the wealthy. You don't have to be rich to invest in them. There are many ways that you can make money with gold and silver investments, even if you don't have much money.
You might consider purchasing physical coins, such as bullion bars and rounds. You could also buy shares in companies that produce precious metals. Or, you might want to take advantage of an IRA rollover program offered by your retirement plan provider.
No matter what your preference, precious metals will still be of benefit to you. They offer the potential for long-term, sustainable growth even though they aren’t stocks.
Their prices rise with time, which is a different to traditional investments. You'll probably make more money if your investment is sold down the line than traditional investments.
Should You Open a Precious Metal IRA?
The most important thing you should know before opening an IRA account is that precious metals are not covered by insurance. If you lose money in your investment, nothing can be done to recover it. All your investments can be lost due to theft, fire or flood.
You can protect yourself against such losses by purchasing physical gold and silver coins. These coins have been around for thousands and represent a real asset that can never be lost. They are likely to fetch more today than the price you paid for them in their original form.
You should choose a reputable firm that offers competitive rates. A third-party custodian is a good option. They will protect your assets while giving you easy access whenever you need them.
You won't get any returns until you retire if you open an account. Remember the future.
Should You Invest in Gold for Retirement?
How much money you have saved, and whether or not gold was an option when you first started saving will determine the answer. Consider investing in both.
In addition to being a safe investment, gold also offers potential returns. It's a great investment for retirees.
Gold is more volatile than most other investments. Therefore, its value is subject to change over time.
This does not mean you shouldn’t invest in gold. It just means that you need to factor in fluctuations to your overall portfolio.
Another benefit to gold? It's a tangible asset. Gold is more convenient than bonds or stocks because it can be stored easily. It is also easily portable.
Your gold will always be accessible as long you keep it in a safe place. Additionally, physical gold does not require storage fees.
Investing in gold can help protect against inflation. As gold prices rise in tandem with other commodities it can be a good hedge against rising cost.
Additionally, it will be a benefit to have some of your savings invested into something that won't lose value. Gold usually rises when stocks fall.
You can also sell gold anytime you like by investing in it. You can also liquidate your gold position at any time you need cash, just like stocks. You don’t even need to wait until retirement to liquidate your position.
If you do decide to invest in gold, make sure to diversify your holdings. Do not put all your eggs in one basket.
Do not buy too much at one time. Start with a few ounces. You can add more as you need.
Remember, the goal here isn't to get rich quickly. It is to create enough wealth that you no longer have to depend on Social Security.
While gold may not be the best investment, it can be a great addition to any retirement plan.
How is gold taxed within an IRA?
The fair market value at the time of sale is what determines how much tax you pay on gold sales. You don't have tax to pay when you buy or sell gold. It is not considered income. If you sell it later you will have a taxable profit if the price goes down.
Loans can be secured with gold. Lenders seek to get the best return when you borrow against your assets. In the case of gold, this usually means selling it. This is not always possible. They may just keep it. Or they might decide to resell it themselves. You lose potential profits in either case.
If you plan on using your gold as collateral, then you shouldn't lend against it. If you don't plan to use it as collateral, it is better to let it be.
Statistics
- Gold is considered a collectible, and profits from a sale are taxed at a maximum rate of 28 percent. (aarp.org)
- Contribution limits$6,000 (49 and under) $7,000 (50 and up)$6,000 (49 and under) $7,000 (50 and up)$58,000 or 25% of your annual compensation (whichever is smaller) (lendedu.com)
- Instead, the economy improved, stocks rebounded, and gold plunged, losing 28 percent of its value in 2013. (aarp.org)
- This is a 15% margin that has shown no stable direction of growth but fluctuates seemingly at random. (smartasset.com)
- You can only purchase gold bars at least 99.5% purity. (forbes.com)
External Links
forbes.com
- Gold IRA: Add Some Sparkle To Your Retirement Nest Egg
- Understanding China's Evergrande Crisis – Forbes Advisor
investopedia.com
law.cornell.edu
- 7 U.S. Code SS7 – Designation of boards for trade as contract markets
- 26 U.S. Code SS 408 – Individual retirement account
finance.yahoo.com
How To
Tips for Investing with Gold
One of the most sought-after investment strategies is investing in gold. Because investing in gold has many benefits. There are several options to invest in the gold. There are many ways to invest in gold. Some prefer buying physical gold coins while others prefer gold ETFs (Exchange Traded Funds).
Before buying any kind of gold, you need to consider these things.
- First, you must check whether your country allows you to own gold. If you have permission to possess gold in your country, you can then proceed. Or, you might consider buying gold overseas.
- You should also know the type of gold coin that you desire. You can go for yellow gold, white gold, rose gold, etc.
- Thirdly, you should take into consideration the price of gold. It is best to start small and work your way up. You should diversify your portfolio when buying gold. Diversifying assets should include stocks, bonds real estate mutual funds and commodities.
- You should also remember that gold prices can change often. Keep an eye on current trends.
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By: Media
Title: Star Atlas: A New Era in Gaming and Blockchain
Sourced From: news.bitcoin.com/star-atlas-a-new-era-in-gaming-and-blockchain/
Published Date: Fri, 17 Nov 2023 12:00:24 +0000
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