After a blockchain game launches, more funding is typically required to continue development. Initial game offerings, which take place on specialised platforms and let potential customers “invest” in the game in exchange for a small stake, are a tool that developers can use. The process offers an investment opportunity in addition to benefits for the game developers. Consequently, what is an IGO Launchpad and how does it operate?
What Exactly Is a initial Game Offering?
To raise money for blockchain games, one can use an initial game offering (IGO). Game developers can raise more money for their game project while giving players early access to games. In addition to receiving early access, project participants frequently gain access to in-game resources needed to take part in the game.
An IGO Launchpad is what?
A launchpad is a website that facilitates communication between investors and projects that are seeking funding. Early-stage blockchain gaming projects are typically the only ones eligible for an IGO launchpad. While some launchpads only focus on games, others might include games alongside other projects.
How a Initial Game Offering Operates
For the purpose of funding blockchain games, an IGO is employed. It resembles an initial coin offering (ICO), with the main distinction being that an ICO is used to raise money for cryptocurrencies, whereas an IGO focuses on games. When a blockchain game is first released, these two procedures assist investors in getting a foothold in it.
IGO members gain early access to in-game resources like mystery boxes, weapons, characters, etc. by supporting games while they are still in the development stages. These resources are Non-Fungible Tokens (NFTs), which are frequently required to enter the game.
By investing at the beginning, you can purchase a game at the most affordable price. However, making an early investment entails some risks because there is no assurance that the project will succeed or even reach its full public launch.
5 Frequently Used Crypto Gaming Launchpads
The top five IGO sites for accessing early blockchain gaming projects are listed below.
You can invest in in-game items and NFTs from various video game projects using Binance NFT. All users have an equal chance to take part in IGOs thanks to the platform’s innovative subscription system. Additionally, the system employs open and transparent algorithmic selection to guarantee equity for all users.
You simply need to log into your Binance account and select the Binance NFT tab to start using Binance NFT. Then, from the Binance NFT homepage, select an IGO banner for the IGO you want to take part in. Preparation, subscription, calculation, and distribution are the typical four stages of the participation process.
Through its IGO launchpad and NFT-based market, the all-encompassing Gamestarter ecosystem establishes a new standard for funding independent video games. Additionally, Gamestarter makes efforts to create top-notch blockchain games.
The Gamestarter platform is powered by the GAME token on Ethereum. If you have a GAME token, you can purchase an NFT and other items throughout the platform. The platform also provides 300k USDT per IGO as security, which covers a botched IGO launch or team misconduct.
The Enjinstarter gaming launchpad is dedicated to expanding the metaverse and the Enjin ecosystem. It enables makers to launch campaigns to raise money and establish blockchain communities. The platform also helps initiatives develop sustainable strategies and roll out effective campaigns.
Enjinstarter has also created a number of projects, such as the Pixelverse, an NFT metaverse for games, Project Defina, a blockchain game platform where players can play to earn, and Gaia Everworld, a fantasy game where players can explore lands and establish kingdoms.
Blockchain games and metaverse initiatives are centralised at GameFi. For the benefit of the general public, it is used to create online communities and manage virtual economies. Its solutions address every stage of the lifecycle of a game project.
Based on the amount of $GAFI you stake, the platform has four different ranking levels: Legend, Pro, Elite, and Rookie. Individual allocations are made after taking into account the number of tokens allotted to each IGO pool. Before they can join the IGO pools, GameFI members must have attained at least the Rookie rank and finish KYC. For those who work with community pools, this requirement is optional.
Speedify helps blockchain game projects with community development, marketing, and fundraising in addition to fundraising. With Speedify’s community token, SFUND, you could, for instance, invest in a gaming project. The pool gains weight as more money is invested. The incentive programme has nine tiers, with the first tier’s token distribution using a lottery system while the subsequent tiers guaranteeing a share.
Exchanges like Pancakeswap and Kucoin allow you to purchase SFUND. You must use the same wallet that you provided for your KYC to take part in its IGO. To participate in a centralised exchange’s launchpad activities, you must first transfer your tokens to other wallets like Metamask or Trustwallet.
Instructions for Participating in an IGO Launchpad
Participating in an IGO launchpad doesn’t require any complicated procedures. For various IGO launchpads, the exact steps change, though.
You need to research an IGO before committing. Crypto scams are rampant throughout the entire crypto space, and there are numerous fake IGOs designed to steal your hard-earned money. A clear development roadmap should be stated on the gaming project’s website and social media channels. It may also be beneficial to determine whether reliable partners or investors are involved in a project.
Selecting an IGO to invest in, connecting your wallet, purchasing the game or platform token, and then staking the desired amount are the steps involved in participating in an IGO. The pool you join and your reward generally depend on the amount you stake.
Never forget that no investment can guarantee a profit.
The main goal of purchasing an IGO as an investor is to participate in the project from the beginning. Initial investors may profit from the project if it is successful, despite the fact that the process has many risks. However, there is a good chance that you will lose your money if events don’t turn out as you had hoped.
We acknowledge that investing in an IGO carries risk, so we strongly advise you to carefully select your project, assess your level of risk tolerance, and consult with a qualified financial advisor before making a decision.