Initial Gaming Offering (IGO) services, which provide individuals with the opportunity to invest in early-stage game projects, with the potential to generate large returns after launch .
What is Initial Game Offering (IGO)? What to do before investing in IGO?
What is Initial Game Offering (IGO)?
Initial Game Offering (IGO) Launchpad is the latest trend in the crypto world and the concept is similar to Initial Coin Offering (ICO). The only difference in IGO is that the platform organizes game projects based on NFTs or in-game currency tokens and their rewards.
Investors can invest in game projects launched and powered by IGO, and expect significant ROI when that game project is launched on major crypto exchanges or becomes popular. in the growing gaming community.
With the increasingly dense emergence of blockchain games, IGO is becoming the next big thing in the crypto space. Games like Axie Infinity (AXS), CryptoBlades (SKILL) and Alien Worlds (TML) have thousands of daily active users. Axie Infinity is leading the way with over $1.1 billion in revenue so far in 2021.
Due to this massive popularity, several IGO launchers have emerged, including GameFi (GAFI), Enjinstarter (ENJINSTARTER), Gamestarter (GAME), Seedify.fund (SFUND)…
GameFi was one of the first launchpads to introduce the concept of IGO services. Currently, there are two IGOs directly on the GameFi platform, namely KABY Pool and Deathroad IGO. Both games offer their initial tokens to players who can either store them and wait for the price to rise or use the tokens to enhance their blockchain gaming experience.
Enjinstarter is another IGO launch pad that offers unique projects and features including a yield farm, an NFT-based platform, and a DeFi platform. The project is built on Enjin's Jumpnet, a platform for game developers to build communities and launch marketing campaigns to promote game projects.
The main purpose behind the IGO offering is to provide early access to the game assets that early investors can deposit into and expect a substantial return on investment in the future.
Need to consider before investing in IGO
IGO seems like a good investment, however before investing in any IGO platform or projects that are in the IGO offering stage, a few things should be considered:
See the interests of the holders of the native tokens. Check benefit percentages and compare them with other IGOs.
Check if the IGO launcher provides guaranteed allocation. This can cost more than IGO launchers that use the lottery mechanism. However, in that case, the allocation is not guaranteed.
ROI assessment of active IGOs offered on the platform. A launcher with a good history of projects, capable of delivering large returns for most of its upcoming projects.
Check the launch pad rack value, which serves as a performance measure for any IGO launcher. High owner value leads to higher token valuation, which means investing in that IGO can be profitable.
Check the number of IGO launcher token generation events. A higher event count implies that the platform strives to organize quality initiatives to enhance its overall value.
Conclude
In short, investing in IGO and IGO launchers is like any other investment decision. You have to evaluate whether IGO's launcher is well-positioned and aims to provide support for future major gaming projects.