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Financial decentralization and digitalization are bringing an abrupt revolution in the financial market, breaking all the traditions and creating new possibilities for earning. Every year we see recent innovative trends changing the industry for good. In the past couple of years, we have witnessed the popularity of NFT (Non-Fungible Tokens) and Web 3.0. In 2022 we see the popularity of IGO (Initial Game Offering).
You might haven’t heard the term IGO before. Don’t worry; we have stated every helpful information you need to know about IGO; this enhances your understanding of IGO and the crypto industry.
What Is IGO?
Initial Game Offering is a pre-order of a blockchain’s NFT when it is in early development; this is a new concept in GameFi; this method is used as crowdfunding so that the project can be assisted when it requires marketing and development cost; IGO helps the project developer to raise capital, it does not only benefit the developer but those who participate in IGO are also benefited from it in the following ways.
The primary way in which the investors could benefit is that they would have early access to the game’s assets. Not only this, they could reap the rewards such as mystery boxes which can contain other surprises such as cool character skin and ammunitions that could be used in games. If you are in the GameFi, you might know how costly these prizes are and often hard to acquire; if you invest in IGOs, you can get those with minimal investments.
Another reason to invest in IGO is that you can invest in the token when its price is low. It is inexpensive, but more capital could be acquired once that token is launched. You can witness that its prices would soar to 10 times or 50 times, and that is usually an excellent opportunity for you to earn lucrative returns on your investments.
How To Be Part Of IGO
A launchpad is a platform that is developing the game. All you have to do is acquire the native coin of the launchpad that is developing its new game. After it, you have to hold that coin or token for a certain period, and then you would be able to participate in the IGO.
It is essential to note some crucial things before investing in IGO.
- Compare the benefits you could avail of after participating in IGO across different projects and launchpads.
- Look through the social media following and reviews of previous IGO. If the record is impressive, then continue with the following step.
- Several tokens generations events are also a great way to evaluate IGO. If the number of event generations tends to be higher, this signifies that the valuation of the platform’s token would soar.
I hope you will understand and get the information you were looking for; once you have a good amount of information, start the crypto industry with the best crypto trading bot and marketplace KuCoin.