Crypto Glossary

Posted on November 19, 2021 in
Glossary

Initial game offering (IGO)

The initial game offering is the latest trend in the crypto world with the concept similar to Initial Coin Offering (ICO).

What is an Initial game offering (IGO)?

It is a crowdfunding activity operating through Crowdsales for projects and startups in the play-to-earn blockchain and gaming industry. The platform hosts NFTs-based gaming projects or tokens as their in-game currency and rewards.

How does the Initial game offering (IGO) work?

IGO launchpad offers gaming projects for investors to fund with high return expectations once the projects are launched on crypto exchange. IGO has become a new big thing as a result of the continuously expanding blockchain gaming market.

IGO allows participants to receive projects’ tokens, as well as other special benefits, such as discounts for newly launched games with special access, which users can purchase the coins via various platforms.

IGO is rapid fundraising. Meaning, if you have a great offer with enough amount of followers on social media, IGO will instantly approve your capital. Furthermore, IGO allows you to be in control over your games and also enables fund-seeking for many projects at once, since gradually crowdfunding is much easier when you are trying to build your fanbase. 

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