IGO might mean thousands of things, but when it comes down to the crypto world, it stands for Initial Game Offering. In case you are familiar with the initial coin offering, it boasts the same idea except for the fact that it’s only for NFT games and cryptocurrency games. This new concept of IGO is working on redefining the gaming experience, and it’s doing everything in a very lucrative manner. At this point, it’s needless to say that IGO is attacking traditional gaming and is shifting it to the new world of digitalization – cyberspace. If you want to start bitcoin trading learn trading from android mobile.
Not so long ago, people had to spend money on playing games, and if you stopped playing those games, you wouldn’t get the money back. With the launch of play-to-earn titles and NFT games, the gamers are now getting paid for the time that they have invested during gameplay. Its mechanism is quite similar to ICO. This is because, with the ICO projects, the users tend to make initial investments in the new token at an affordable price with the hope of increasing the value when the project comes out.
So, when the developer wants to create an NFT game, they are required to register the game on the IGO Launchpad, which is a well-known medium to find cryptocurrency games and play them. For the most part, the listing provides data and information about the game, along with the features, price, and native token. The interested users can invest money in the game by purchasing their IGO tokens, which help fund the project.
The price of the IGO token depends on developers, but it can also be influenced by the platform or the popularity it achieves. In simpler words, if more people purchase the tokens, their value will increase accordingly. It wouldn’t be wrong to call it crowdfunding, but it’s only a little quicker. That’s to say because IGO projects are based on blockchain and are curated for monetary purposes. Around 100% of the gameplay is directed towards how much money a developer and user can generate, so an effort is put into the storyline and visuals.
The majority of NFT games are available on IGO launchpads, including Seedify and GameFi. So, with this article, we are sharing how you can get hold of the IGO.
How To Capture The IGOs
The IGO projects are quite easy to find on the launchpads, and all of these mediums are designed with unique reward systems as well as funding mechanics. However, the majority of them are pretty convenient to understand in case you have gaming experience. For instance, Seedify is the tier system that promises rewards when you start climbing through the game’s ranks.
When you decide to make an investment in the game, you will be purchasing the native tokens on the blockchain. As a result, Seedify will also provide FUND as a reward, which is the governance coin that allows the investors to purchase the items and start the IGO.
When you start browsing through the Launchpad page, there will be multiple game titles with the label “First Phase.” It is the preliminary stage of a project, which means it’s looking for investment. However, before you make an investment in the game, you need to validate the information. On the other hand, if the game title has completed phase 1, it will show how much investment has been gained by the project. A larger pool usually means that the game has gained popularity or is supported by a reputed company.
The aspiring investors can purchase the tokens during the second phase, but it will be more expensive at that stage because everyone will be holding the coins, resulting in hiking the price. The users can expect to get the same settings on the majority of gaming launchpads associated with gaming, but the tokens might vary.
The Bottom Line
Purchasing the IGO project tends to be exciting, but it will be impossible to determine when you will get returns on investment. In simpler words, you won’t have any idea when the project will be launched and how long the hype will live for. So, before investing your money in the IGO games through the Bitcoin Era, just conduct your due research.