“ Demonstrating Star Atlas as a viable economic model to create change. Donating proceeds to IRL charities and a vision to providing web 3 education and tools for disadvantage youth in Cambodia. ”
August saw the launch of the highly anticipated Star Atlas Polis Locker staking, allowing players to stake Polis for voting power and receive Polis emissions in the process. Individuals could chose anywhere from 2 weeks to 5 years to lock their tokens, with rewards being calculated based off the length of time chosen & amount of tokens locked.
Although the Atlas Grace wallet already owns a number of Star Atlas ships and has them staked in the SCORE program earning Atlas rewards (43.324 Atlas /day), the Polis Locker would allow for yield to be collected for the wallet in a more passive form. This will be one of the main ways the Atlas Grace wallet will continue to build moving forward with each daily reward being compounded for the remainder of the 2022 calendar year.
The locker started with an initial 200 Polis locked and over the month of August 402.1209 Polis contributions were added. 41.063 Polis rewards were earned and compounded back into the locker, bringing the balance to 643.1839 Polis. The locker is now yielding approximately 1.46 Polis per day.
2023 will mark a shift in focus for the Atlas Grace wallet. 50% of rewards from both the SCORE program and the Polis Locker will be compounded with the remaining 50% being donated to IRL (In Real Life) charities at the end of each month. These donations will be made to verified charity wallets and receipt of the transfer hash number will be made public for full transparency (this is the beauty of the blockchain). Step Finance already has a number of reputable charities linked on their site to chose from. These choices will be posted for followers of the Atlas Grace wallet Twitter page to vote on, which in turn will create community involvement and bring awareness to these causes.
Eventually SCORE will sunset on their ship staking and Atlas rewards emissions. All ship assets will remain in the wallet with a future plan for them to be used in future gameplay.
By 2024 the goal is to have a free community workspace set up in Siem Reap Cambodia. This is something I had previously set up in 2013 to 2018 so the process would be much the same and would be well received as it had been during my previous time living and teaching in Cambodia.
The vision is to have free educational workshops where young adults could learn a number skills including Graphic & Web Design, Video Production & Editing, Animation & 3D Design as well as financial literacy, cryptocurrency, blockchain, web 3, play to earn gaming and of course all things Star Atlas.
A number of gaming PC’s would be available to use and the Star Atlas ship assets could be available to use in game, free of charge. This would allow players to dive into the Star Atlas metaverse and gameplay without any up front costs and start earning within the game.
Currently this wallet is being managed by myself. I have not asked for any donations although the wallet address has been made public so there is full transparency with the Star Atlas community. Nothing entering the wallet has, nor will ever leave the wallet unless that of a charity donation with transaction hash receipt. I do however believe that this is something much bigger than myself so I am hoping to transition to a multi-signature wallet with a board of trusted members that can over see unanimously decide on future distribution of funds to IRL charities.
If you have any questions or would like to know more about the Atlas Grace wallet, please do not hesitate to reach out to me on Twitter.
