What is IGO?
IGO (Initial Game Offering) is a form of capital mobilization organized through launchpad platforms. Participants can pre-purchase tokens and NFTs of games built on Blockchain, depending on the project.
In some cases, tokens and NFTs obtained from Initial Game Offering can be traded outside the gaming ecosystem on decentralized exchanges and NFT marketplaces.
Why do we need it?
Games on the Blockchain are slowly growing. For that reason, the Initial Game Offering was born and developed. Popular games like Axie Infinity, CryptoBlades, and Alien Worlds have hundreds of thousands of active daily users, and Axie Infinity even had more than $1.1 billion in revenue in 2021.
The primary purpose of the IGO is to provide the right of first purchase into the game assets. Investors send money into it, waiting for the game to develop and looking forward to earning more in the future.
How IDO has helped defi grow in the future IGO is the same. In addition to capital and profit, it is also a launch pad that allows gaming projects, investors, and players to approach each other easily.
How to join?
How to participate in the IGO is almost the same as other forms of capital mobilization. There are many IGO launchpads on the market right now, and they can be mentioned as Binance NFT, GameFi, GameStarter, EnjinStarter, Seedify fund…
Different launchpads have different ways to participate in it. These launchpads often require investors to buy the launchpad’s platform to participate.
Take IGO on Binance NFT. For example, you must hold a certain amount of BNB in your Binance wallet to qualify. Then, participants need to lock that amount of tokens for a certain period of time. Depending on the allocation algorithm, you will receive the number of project tokens or NFTs based on the number of locked tokens.
Note when joining
IGO is a highly profitable form of investment. However, before investing in any IGO platform or project, the following should be considered:
- DYOR, research carefully into the project of the token sale.
- Evaluate the ROI of IGOS of previous projects on the launchpad. A launchpad with a history of high ROI projects is better than others in terms of profitability.
- Carefully evaluate the value of the participating launchpad. The balance between the risk of launchpad platform tokens falling to price and profit when participating in IGO.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
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