Crypto Glossary

Posted on November 23, 2021 in
Glossary

Initital Game Offering (IGO)

IGO or Initial game offering is a crowdfunding activity operating through Crowdsales for projects and startups in the gaming industry. 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

IGO or Initial game offering is a crowdfunding activity operating through Crowdsales for projects and startups in the gaming industry.

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 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. There are plenty of options for IGO platforms. Let’s take a quick look at 4 trending IGO platforms at the moment.

Top 4 trending IGO platforms

GameFi

GameFi is an IGO platform created by a Vietnam team that was Red Kite Launchpad’s former founder. The team has launched 13 gaming projects that have successfully reached the fund’s goal. Moreover, GameFi has partnered with its alliance to start Ancient8, Yield Guild Game which is a decentralized autonomous organization (DAO), and also a gaming education fund.

Gamestarter

Gamestart enables gaming projects to sell NFTs or tokens for fundraising. Two gaming projects have been launched which are Demole and Dark Frontiers to be able to reach the fund’s expectations with high ROI. In the future, the platform will support INO (Initial NFT Offer) which might become the new big thing after IGO.

Seedify

Compared with other IGO platforms, Seedify has a lot of registered gaming projects for IGO launch on the platforms and has attracted more users. Seedify was founded in 2564 and has already successfully operated 4 IGOs. Seedify started off as a level-3 system, and got upgraded to be a level-9 system to be an option for the investors with an all-level warranty. Elrond, the leading blockchain network, also coordinates with Seedify Launchpad to enable the platform’s coin listing directly on Elrond network.

Enjinstarter

It is a centralized IGO platform in Enjin’s ecosystem. It focuses on the project launching for  Enjin Starter created on Jumpnet without any transaction fee. Enjin Starter is a platform with a strong background and a development team with solid experience in the gaming industry. The team was mentored by Enjin CEO and CTO who were pioneers in the crypto world and NFT. Game creators will receive their project’s capitals from selling NFT on Enjin. In October 2021, DeFina was launched as the first gaming project on the platform with the fund’s goal at $100,000.

As we are all aware that all investment is speculative and involves substantial risk. Investors should consider well before investing. Accordingly, before investing in IGO platforms or any projects, token holder benefits should be something to be accounted for. Moreover, beneficial or reward percentages should be compared across other IGOs. Lastly, make sure whether the IGO’s launchpad has a warranty policy. The ones with warranty tend to have higher price, but are safer in general.

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