Star Atlas, the trailblazer in merging gaming and blockchain, has achieved a significant milestone with the listing of its ATLAS token on LBank. This move not only signifies a new chapter in its journey but has also sparked a surge in market interest, resulting in a 60% increase in ATLAS's value. This growth reflects the growing excitement and confidence among investors and gamers who are captivated by Star Atlas's innovative approach.
The Visionary Roadmap
At the heart of Star Atlas's recent showcase at the 2023 Breakpoint keynote lies an ambitious roadmap that combines the thrill of gaming with the revolutionary capabilities of blockchain technology. This forward-thinking plan sets a new standard in the virtual gaming world, supported by the power of the Solana blockchain.
Revolutionizing the Gaming Experience
Over 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 goes beyond solo gaming and introduces a thrilling multiplayer dimension with dogfighting arenas. It seamlessly integrates in-game NFT assets with its digital marketplace, enhancing the overall gaming experience.
Raising the Bar with R2.2
The upcoming R2.2 release promises to take the multiplayer gaming experience to new heights. It features competitive combat racing and groundbreaking on-chain features, such as 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 the introduction of 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 enriches 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 implemented an open IP policy and a comprehensive build program for developers. This initiative has resulted in 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 emphasized 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 set to showcase significant progress towards this ambitious vision.
A Future Forged Together with LBank
The collaboration with LBank plays a pivotal role in redefining the MMO metaverse experience. This partnership goes beyond supporting Star Atlas's roadmap; it signifies a future where gaming and blockchain seamlessly intertwine, unlocking new 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.
For more information about STAR ATLAS, please visit:
Official Website: https://staratlas.com/
Game Store: https://store.epicgames.com/en-US/p/star-atlas-bead34
Frequently Asked Questions
What is a gold IRA account?
The Gold Ira Accounts are tax-free investment options for those who want to make investments in precious metals.
Physical gold bullion coin can be purchased at any time. You don’t have to wait to begin investing in gold.
You can keep gold in an IRA forever. Your gold holdings won't be subject to taxes when you pass away.
Your heirs will inherit your gold, and not pay capital gains taxes. Because your gold doesn't belong to the estate, it's not necessary to include it on your final estate plan.
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 a mediator between you, the IRS.
Your gold IRA Custodian will manage the paperwork and submit all necessary forms to IRS. This includes filing annual returns.
Once you've set up your gold IRA, it's possible to buy gold bullion. Minimum deposit required is $1,000 The minimum deposit is $1,000. However, you will receive a higher percentage of interest if your deposit is greater.
You will pay taxes when you withdraw your gold from your IRA. If you are withdrawing your entire balance, you will owe income tax plus a 10% penalty.
Even if your contribution is small, you might not have to pay any taxes. There are exceptions. You'll owe federal income tax and a 20% penalty if you take out more than 30% of your total IRA assets.
It is best to not take out more than 50% annually of your total IRA assets. If you do, you could face severe financial consequences.
Who has the gold in a IRA gold?
The IRS considers gold owned by an individual to be “a type of money” and is subject taxation.
You must have gold at least $10,000 and it must be stored for at the least five years in order to take advantage of this tax-free status.
Although gold can help to prevent inflation and price volatility, it's not sensible to have it if it's not going to be used.
If you are planning to sell your gold someday, it is necessary that you report its value. This can affect the capital gains taxes that you owe when cashing in on investments.
It is a good idea to consult an accountant or financial planner to learn more about your options.
What are the advantages of a IRA with a gold component?
Many benefits come with a gold IRA. It's an investment vehicle that allows you to diversify your portfolio. You can control how much money is deposited into each account as well as when it's withdrawn.
You can also rollover funds from other retirement accounts to a gold IRA. This allows you to easily transition if your retirement is early.
The best thing is that investing in gold IRAs doesn't require any special skills. They're available at most banks and brokerage firms. You do not need to worry about fees and penalties when you withdraw money.
There are, however, some drawbacks. Gold has historically been volatile. So it's essential to understand why you're investing in gold. Is it for growth or safety? Is it for insurance purposes or a long-term strategy? Only when you are clear about the facts will you be able take an informed decision.
If you plan on keeping your gold IRA alive for a while, you may want to consider purchasing more than 1 ounce of pure gold. A single ounce will not be sufficient to meet all your requirements. You could need several ounces depending on what you plan to do with your gold.
If you're planning to sell off your gold, you don't necessarily need a large amount. Even one ounce is enough. However, you will not be able buy any other items with those funds.
Can I buy gold with my self-directed IRA?
Your self-directed IRA can be used to purchase gold, but first you need to open an account with a brokerage firm such as TD Ameritrade. Transfer funds from an existing retirement account are also possible.
The IRS allows individuals to contribute as high as $5,500 ($6,500 if they are married and jointly) to a traditional IRA. Individuals are allowed to contribute $1,000 each ($2,000 if married or filing jointly) to a Roth IRA.
If you do decide to invest in gold, you'll want to consider purchasing physical bullion rather than investing in futures contracts. Futures contracts can be described as financial instruments that are determined by the gold price. They let you speculate on future price without having to own the metal. But, physical bullion is real bars of gold or silver that you can hold in one's hand.
Do you need to open a Precious Metal IRA
You should be aware that precious metals cannot be covered by insurance. If you lose money in your investment, nothing can be done to recover it. This includes investments that have been damaged by fire, flooding, theft, and so on.
This type of loss can be avoided by investing in physical silver and gold coins. These items are timeless and have a lifetime value. They are likely to fetch more today than the price you paid for them in their original form.
If you decide to open an IRA account, choose a reputable company that offers competitive rates and products. You should also consider using a third party custodian to protect your assets and give you access at any time.
You won't get any returns until you retire if you open an account. Do not forget about the future!
How much of your portfolio should you hold in precious metals
To answer this question we need to first define precious metals. Precious elements are those elements which have a high price relative to other commodities. This makes them highly valuable for both investment and trading. Today, gold is the most commonly traded precious metal.
However, many other types of precious metals exist, including silver and platinum. The price of gold tends to fluctuate but generally stays at a reasonably stable level during periods of economic turmoil. It also remains relatively unaffected by inflation and deflation.
In general, prices for precious metals tend increase with the overall marketplace. However, the prices of precious metals do not always move in sync with one another. For instance, gold's price will rise when the economy is weak, while precious metals prices will fall. Investors are more likely to expect lower interest rates making bonds less attractive investments.
When the economy is healthy, however, the opposite effect occurs. Investors favor safe assets like Treasury Bonds, and less precious metals. Because they are rare, they become more pricey and lose value.
You must therefore diversify your investments in precious metals to reap the maximum profits. Because precious metals prices are subject to fluctuations, it is best to invest across multiple precious metal types, rather than focusing on one.
How to Open a Precious Metal IRA
First, decide if an Individual Retirement Account is right for you. To open the account, complete Form 8606. Then you must fill out Form 5204 to determine what type of IRA you are eligible for. You must complete this form within 60 days of opening your account. Once this has been completed, you can begin investing. You can also contribute directly to your paycheck via payroll deduction.
To get a Roth IRA, complete Form 8903. Otherwise, the process will look identical to an existing IRA.
To qualify for a precious-metals IRA, you'll need to meet some requirements. The IRS stipulates that you must have earned income and be at least 18-years old. You can't earn more than $110,000 per annum ($220,000 in married filing jointly) for any given tax year. You must also contribute regularly. These rules apply regardless of whether you are contributing directly to your paychecks or through your employer.
You can use a precious-metals IRA to purchase gold, silver and palladium. However, you won't be able purchase physical bullion. This means you won’t be able to trade stocks and bonds.
To invest directly in precious metals companies, you can also use precious metals IRA. This option is offered by some IRA providers.
An IRA is a great way to invest in precious metals. However, there are two important drawbacks. First, they don't have the same liquidity as stocks or bonds. It is therefore harder to sell them when required. They also don't pay dividends, like stocks and bonds. So, you'll lose money over time rather than gain it.
- (Basically, if your GDP grows by 2%, you need miners to dig 2% more gold out of the ground every year to keep prices steady.) (smartasset.com)
- Gold is considered a collectible, and profits from a sale are taxed at a maximum rate of 28 percent. (aarp.org)
- If you take distributions before hitting 59.5, you'll owe a 10% penalty on the amount withdrawn. (lendedu.com)
- Instead, the economy improved, stocks rebounded, and gold plunged, losing 28 percent of its value in 2013. (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)
- Gold IRA – Add Sparkle to Your Retirement Nest Egg
- Understanding China's Evergrande Crisis – Forbes Advisor
Guidelines for Gold Roth IRA
Starting early is the best way to save for retirement. You should start as soon as you are eligible (usually at age 50) and continue saving throughout your career. It is essential to save enough money each year in order to maintain a steady growth rate.
Additionally, tax-free opportunities like a traditional 401k or SEP IRA are available. These savings vehicles let you make contributions and not pay taxes until the earnings are withdrawn. These savings vehicles can be a great option for individuals who don't qualify for employer matching funds.
Savings should be done consistently and regularly over time. You'll miss out on any potential tax benefits if you're not contributing the maximum amount allowed.
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
Did you miss our previous article…