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 last three years, Star Atlas has meticulously 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 managing up to 30,000 users simultaneously.
Expanding Beyond the MMO
Star Atlas's ambition extends beyond its Unreal Engine MMO world. With the 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/
Game Store: https://store.epicgames.com/en-US/p/star-atlas-bead34
Frequently Asked Questions
Can I invest in gold?
The answer is yes You can include gold in your retirement plan. Gold is a great investment as it doesn't lose money over time. It is also immune to inflation. And you don't have to pay taxes on it either.
Before investing in gold, you need to know that it's not like other investments. You can't purchase shares in gold companies, unlike stocks and bonds. They can't be sold.
Instead, you must convert your gold to cash. You will have to get rid. You cannot just keep it.
This makes gold an investment that is different from other investments. You can always sell other investments later. With gold, this isn't true.
You can't even use your gold as collateral to get loans. To cover a mortgage, you may need to give up some gold.
So what does this mean? You can't keep your gold indefinitely. You'll eventually need to convert it into cash.
There's no need to be concerned about this right now. You only need to open an IRA account. After that, you can start investing in gold.
What precious metals can you invest in for retirement?
Understanding what you have now saved and where you are currently saving money is the first step in retirement planning. If you don't know how much you currently have saved, start by taking an inventory of everything you own. This should include any savings accounts, stocks, bonds, mutual funds, certificates of deposit (CDs), life insurance policies, annuities, 401(k) plans, real estate investments, and other assets such as precious metals. To determine how much money is available to invest, add all these items.
If you are less than 59 1/2 years of age, you may be interested in opening a Roth IRA. A Roth IRA, on the other hand, allows you to subtract contributions from your taxable revenue. But, future earnings won't allow you to take tax deductions.
You will need another investment account if you decide that you require more money. You can start with a regular brokerage account.
How to Open a Precious Metal IRA
A self-directed Roth Individual Retirement Account is the best way to open a IRA for precious metals.
This type of account is better than other types of IRAs because you don't have to pay any taxes on the interest you earn from your investments until you withdraw them.
This makes it very attractive to people who want to save money but also need a tax break.
You do not have to only invest in gold and silver. You can put your money in almost any item that meets the IRS guidelines.
Most people associate “precious” metal with gold or silver, but there are many different types of precious metals.
Examples include platinum, palladium and rhodium.
There are several ways you can invest in precious metals. These include purchasing bullion coins and bars, as well as shares in mining companies.
Bullion Coins, Bars
Buying bullion coins and bars is one of the easiest ways to invest in precious metals. Bullion refers to physical ounces (or grams) of gold and/or silver.
When you buy bullion coins and bars, you receive actual pieces of the metal itself.
While you might not feel any change when you buy bullion coin bars or coins from a retailer, you will experience some benefits over time.
You'll be able to see a piece tangible of history. Every coin and every bar has a unique story.
If you compare the nominal value to face value, you will often find that it is worth much less than its nominal. When it was first introduced in 1986, the American Eagle Silver Coin cost only $1.00 per troy ounce. Today, however, the American eagle's price is closer to $40.00 per an ounce.
Many investors prefer bullion coins and bullion bar to futures contracts because of the dramatic increase in bullion's value.
For those who want to purchase precious metals, another option is investing in shares of mining companies. You are investing in the ability of mining companies to produce gold or silver.
You will then receive dividends, which are calculated based upon the company's profit. These dividends can then be used to pay out shareholders.
Additionally, you will be able to take advantage of the company's potential growth. The share prices of the company should rise as more people buy the product.
Because these stocks fluctuate in price, it's important to diversify your portfolio. This is how you spread your risk across different companies.
It's important to remember, however, that mining companies can still be subject to financial losses, just as any other stock market investment.
If gold prices drop dramatically, your ownership share could be worthless.
The Bottom Line
Precious metals such as gold and silver provide a haven during economic uncertainty.
However, both gold and silver are subject to wild swings in price. A precious metals IRA account is a good option for long-term investment.
This way, you can take advantage of tax advantages while benefiting from owning physical assets.
- The IRS also allows American Eagle coins, even though they do not meet gold's 99.5% purity standard. (forbes.com)
- To qualify as IRA allowable precious metals and be accepted by STRATA, the following minimum fineness requirements must be met: Gold must be 99.5% pure, silver must be 99.9% pure, and platinum and palladium must both be 99.95% pure. (stratatrust.com)
- If you accidentally make an improper transaction, the IRS will disallow it and count it as a withdrawal so that you would owe income tax on the item's value and, if you are younger than 59 ½, an additional 10% early withdrawal penalty. (forbes.com)
- Same tax rules as traditional IRA SEP IRA contributions in 2022 are limited to 25% of compensation or $66,000, whichever is less Before setting up a Silver IRA, understand the fees and IRS restrictions. (sltrib.com)
How to open a Precious Metal IRA
Precious metals remain one of the most highly-valued investment options. They offer investors higher returns than traditional investments, such as bonds and stocks. This is why they are so popular. But, it is important to do your research and plan carefully before investing in precious metals. Here's how to open a precious-metal IRA account.
There are two main types of precious metal accounts: physical precious metals accounts and paper gold and silver certificates (GSCs). Each type has its pros and cons. GSCs offer easy access and trade, while physical precious metals accounts provide diversification benefits. Continue reading to learn more about each of these options.
Physical precious metals accounts include bullion, bars and coins. Although diversification benefits are great, this option has drawbacks. It is expensive to buy, store, and sell precious metals. Moreover, their large size can be difficult to transport them from one location to another.
Paper gold and silver certificates, on the other hand are very affordable. These certificates can also be traded online, and they are easy to access. These make them ideal for people who don’t want to invest directly in precious metals. But they don't offer as much diversification as their physical counterparts. Also, since they're backed by government agencies such as the U.S. Mint, the value of these assets could decrease if inflation rates rise.
Choose the best account for you financial situation when opening a precious metal IRA. The following are important factors to consider before opening an IRA.
- Your tolerance level
- Your preferred asset allocation strategy
- How much time do you have to invest
- You can decide whether or not to use the funds for trading purposes.
- What type of tax treatment do YOU prefer?
- What precious metal(s), would you like to invest?
- How liquid do your portfolio need to be
- Your retirement age
- Where to store precious metals
- Your income level
- Current savings rate
- Your future goals
- Your net worth
- Any other special circumstances that may impact your decision
- Your overall financial picture
- Your preference between physical or paper assets
- You are willing to take chances
- Your ability manage losses
- Your budget constraints
- Financial independence is what you want
- Your investment experience
- Precious metals are familiar to you
- Your knowledge of precious metals
- Your confidence in economy
- Your personal preferences
Once you've chosen the right type of precious Metal IRA to suit your needs, it is time to open a dealer account. These companies can be found through word of mouth, referrals and online research.
Once you've opened your precious metal IRA, you'll need to determine how much money you want to put into it. There are different minimum deposits for precious metal IRA accounts. Some accounts only require $100, while others may allow you up to $50,000.
As stated above, the amount of money invested in your precious metal IRA is completely up to you. If you're looking to build wealth over a long period, you should probably opt for a larger initial deposit. A lower initial deposit may be better if you plan to invest smaller amounts of money each month.
As far as the actual precious metals used in your IRA go, you can purchase any number of different types of investments. Here are some of the most common:
- Gold – Bullion bars, rounds, and coins
- Silver – Rounds or coins
- Platinum – Coins
- Palladium Round and Bar Forms
- Mercury – Round or bar forms
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