GAO

From Star Atlas Wiki

The Galactic Asset Offering (GAO) refers to a timed event during which the team sells in-game assets (only ships so far) directly to players.[1]

The kick-off point of the GAO was announced during the 15th Townhall and through a tweet that linked to a brochure containing the ships that would be offered. The brochure lists 27 ships and notes that these will be sold over a 3 month period starting September 7th, 2021.[2][3] Due to delays in development this 3-month period was later prolonged. Additionally, the team decided near the end of 2021 to postpone the titan ships to the next GAO phase.

All in all, 24 ships were released during this first phase (2021).

Waves[edit source]

The initial GAO consisted out of several waves, with different NFT-assets being sold during each of them. Additionally, some of the NFT's being offered were divided into multiple batches at different price points.

Wave 1[edit source]

The first wave launched on September 7th at 15:00 UTC with the release of the Opal Jet. That same day 4 other ships were released, each one hour after the other.

The following assets were sold during this wave:

GAO Sales - Wave 1
Item Date Time Batch pricing Batch supply
Opal Jet Sept 7, 2021 15:00 UTC 20 USDC 127,500
Pearce X5 Sept 7, 2021 16:00 UTC 135 USDC 14,000
145 USDC 17,000
VZUS Opod Sept 7, 2021 17:00 UTC 1,500 USDC 800
1,800 USDC 1,000
Calico Compact Hero Sept 7, 2021 18:00 UTC 3,520 USDC 700
4,160 USDC 500
Ogrika Thripid Sept 7, 2021 18:00 UTC 8,170 USDC 400
8,955 USDC 300

Upon conclusion of the first wave, the next day an article was released, detailing the first two waves and hinting that subsequent waves would follow over the weeks following it.[4]

Wave 2[edit source]

Wave 2 was originally supposed to start September 9th at 15:00 UTC but was last-minute postponed by the team to 23:00 UTC to accommodate different time zones.[citation needed]

The following assets were sold during this wave:

GAO Sales - Wave 2
Item Date Time Batch pricing Batch supply
Pearce X4 Sept 9, 2021 23:00 UTC 20 USDC 55,000
25 USDC 62,000
Opal Jetjet Sept 10, 2021 00:00 UTC 300 USDC 1,000
320 USDC 8,000
Fimbul BYOS Packlite Sept 10, 2021 01:00 UTC 3,360 USDC 725
3,640 USDC 875
Calico Guardian Sept 10, 2021 02:00 UTC 29,985 USDC 100
30,950 USDC 80
32,999 USDC 40

Wave 3[edit source]

There was a significant gap (a month) between Wave 2 and Wave 3 sales. Wave 3 consisted out of only 2 ships and went live on October 7th at 15:00 UTC.

The following assets were sold during this wave:

GAO Sales - Wave 3
Item Date Time Batch pricing Batch supply
Pearce F4 Oct 7, 2021 15:00 UTC 2,500 USDC 1,200
3,250 USDC 1,000
Fimbul ECOS Greenader Oct 7, 2021 16:00 UTC 8,200 USDC 450
9,185 USDC 300

Wave 4[edit source]

Due to delays with game development, the team decided to slow down their ship releases.[citation needed] Wave 4 was launched a month after wave 3 finished. It consisted out of 4 ships that were all launched one after another on November 9th, starting at 12:00 UTC.

ATLAS[edit source]

What made this launch special is that it marked the first release where half the available supply could be bought with ATLAS directly. Simultaneously, the team moved whatever remained of their earlier waves in full to the ATLAS market as well.

  • Note that in the table below, the ATLAS-batches are also shown in their dollar value. The peg was set at 1 ATLAS = 0.195 USDC. Despite assurances by Michael that they would rebalance the peg every week or so, this did not occur until the start of the 5th wave mid-December.[citation needed]

The following assets were sold during this wave:

GAO Sales - Wave 4
Item Date Time Batch pricing Batch supply
Rainbow Om Nov 9, 2021 17:00 UTC 2,400 USDC 461
2,400 USDC* 461
3,120 USDC 600
3,120 USDC* 600
Pearce R8 Nov 9, 2021 18:00 UTC 10,080 USDC 277
10,080 USDC* 277
12,240 USDC 250
12,240 USDC* 250
VZUS ambwe Nov 9, 2021 19:00 UTC 1,200 USDC 2,266
1,200 USDC* 2,267
Pearce C9 Nov 9, 2021 21:00 UTC 28,900 USDC 22
28,900 USDC* 22
32,385 USDC 35
32,385 USDC* 35
34,400 USDC 17
34,400 USDC* 18

Wave 5[edit source]

The final ship sale for 2021 occurred right before the launch of SCORE, starting on December 14th. It would mark the launch of some of the biggest ships and would conclude the sale of all non-titan ships listed in the initial GAO brochure. Unlike previous waves, this one would span 2 weeks, seeing releases on 4 different days with 5 different ships being offered on the first day. The last ship released was the first anomaly-class ship, the Fimbul ECOS Treearrow, and the most expensive ship to date. It was released on December 23rd, 2021.

The following assets were sold during this wave:

GAO Sales - Wave 5
Item Date Time Batch pricing Batch supply
Pearce C11 Dec 14, 2021 17:00 UTC 80,100 USDC 27
80,100 USDC* 27
99,900 USDC 27
99,900 USDC* 28
Rainbow Chi Dec 14, 2021 18:00 UTC $995 USDC 3,744
$995 USDC* 3,745
Ogrika Jod Asteris Dec 14, 2021 19:00 UTC 25,000 USDC 14
25,000 USDC* 15
31,385 USDC 42
31,385 USDC* 43
33,565 USDC 25
33,565 USDC* 25
Calico Evac Dec 14, 2021 21:00 UTC 2,200 USDC 355
2,200 USDC* 355
2,860 USDC 550
2,860 USDC* 550
Tufa Feist Dec 14, 2021 22:00 UTC 795 USDC 3,294
795 USDC* 3,295
Fimbul BYOS Earp Dec 20, 2021 17:00 UTC 895 USDC 3,907
895 USDC* 3,908
Pearce X6 Dec 21, 2021 17:00 UTC 930 USDC 3,754
930 USDC* 3,754
Fimbul ECOS Bombarella Dec 23, 2021 17:00 UTC 30,000 USDC 14
30,000 USDC* 15
34,385 USDC 20
34,385 USDC* 20
37,660 USDC 25
37,660 USDC* 25
40,275 USDC 30
40,275 USDC* 30
Fimbul ECOS Treearrow Dec 23, 2021 19:00 UTC 99,500 USDC 22
99,500 USDC* 23
111,000 USDC 22
111,000 USDC* 23

Price Announcements[edit source]

During the first two waves, the price at which the ships were sold was not made public until the actual sale started. The team hoped this would prevent front-running from happening, but discovered that this approach did not work as hoped. After these waves, the team decided to approach the remaining waves a little differently. During the 16th Townhall, Michael promised greater transparency by announcing the price at which they would sell the items before going live.[5]

Fixed supply[edit source]

During the 16th Townhall, Michael revealed that they have no immediate intention to sell the ships that are sold during the GAO ever again:[5]

We don’t have any immediate objective of reissuing these assets in the future. So If you buy a ship -if you got in during these sales in the Galactic Asset Offering, whatever the total supply is, that is the intended total supply going into the immediate future. [..] It’s possible that at some point in the distant future, this could be a year, or 2 years, or 3 years down the line that we re-enable a secondary sale of these galactic assets. But to be honest with you, that is unlikely. Because we have 120 ships and we will continue to innovate and create new ships over time. And there are plenty of opportunities to purchase an item that fulfills your strategy across the various ship sizes.
— Michael (CEO)[5]
For those of you that purchased ships over these last two drops, that is the total supply. And the only way that someone would be able to acquire those in the future is if they purchase them from another user on the secondary market.
— Michael (CEO)[5]

References[edit source]

  1. "Star Atlas: White Paper" (PDF). Star Atlas. "Archived" from the original on May 6, 2021. Retrieved September 12, 2021.
  2. Debar, Suhail (Sept 4, 2021). "Star Atlas - Townhall #15". www.youtube.com. Retrieved September 12, 2021 – via Youtube.
  3. @staratlas (Sept 4, 2021). "You wanted the Galactic Asset Offering Brochure: Here it is!". www.twitter.com. Retrieved September 12, 2021 – via Twitter.
  4. "The Metaverse Big Bang: Star Atlas Launches the Next Generation of NFTs through Galactic Asset Offering". Star Atlas (Medium), 8 September 2021. Retrieved September 12, 2021.
  5. 5.0 5.1 5.2 5.3 Debar, Suhail (Sept 11, 2021). "Star Atlas - Townhall #16". www.youtube.com. Retrieved September 12, 2021 – via Youtube.