Initial Game Offering (IGO) launchpads are the latest trend in the crypto world and the concept is similar to Initial Coin Offering (ICO). The only difference is that in IGOs, the platform hosts gaming projects that are based on NFTs or tokens as their in-game currency and rewards. 

Investors can put their funds into the gaming projects offered by IGO launchpads and expect significant ROI once that gaming project is launched on major crypto exchanges or gains popularity in the ever-increasing gaming community.

With the rise of blockchain gaming, IGOs are becoming the next big thing in the crypto space. Games like Axie Infinity (AXS), CryptoBlades (SKILL), and Alien Worlds (TLM) have thousands of daily active users. Axie Infinity is currently leading the pack with over $1.1 billion USD in sales so far in 2021. While Axie Infinity has launched its initial token sale of $AXS on the Binance launchpad, players in the game earn income primarily from its Smooth Love Potion ($SLP) token. $SLP are obtained by completing daily quests, competing with other players (PvP) and battling monsters in adventure mode (PvE). Players can trade $SLP to fiat on exchanges like Binance, and users in the Philippines can check the SLP exchange rate to PHP directly on CoinMarketCap.

Owing to this huge popularity, several IGO launchpads have surfaced, including Gamefi (GAFI), Enjinstarter (ENJINSTARTER), Gamestarter (GAME), Seedify.fund (SFUND), and others. 

GameFi is one of the first launchpads to feature the concept of initial game offerings (IGO). Currently, there are two IGOs live on GameFi platform, namely $KABY Pool and Deathroad IGO. Both games are offering their initial tokens to gamers who can either store them and wait for the price to go up or use the tokens to enhance their blockchain game-oriented experience.

Enjinstarter is another IGO launchpad that offers unique projects and features that include yield farms, NFTs-based platforms and DeFi platforms. The project is built on Enjin's Jumpnet, a platform for game developers to build communities and run marketing campaigns to boost gaming projects.

The main purpose behind offering IGOs is to provide early access to gaming assets that early investors can bank on and expect a significant return on investment in the future. 

IGOs may seem a good investment, however, before investing in any IGO platform or projects that are in its initial game offering (IGO) phase, a few things should be considered:

See the holder benefits of the native tokens. Check the percentage of benefits and compare them with other IGOs. 

Check whether the IGO launchpad is providing guaranteed allocation. This may cost higher than IGO launchpads that use a lottery mechanism; however, in that case, allocation is not guaranteed.

Evaluate the ROI of the active IGOs offered on the platform. A launchpad with a history of good projects is likely to provide major returns on most of its upcoming projects.

Check the launchpad's holder value which acts as a performance metric for any IGO launchpad. A high holder value amounts to a higher token valuation, which implies that investing in that IGO may prove to be beneficial. 

Check the number of token generation events of an IGO launchpad. A higher number of events imply the platform strives to host quality initiatives to boost its overall valuation.

In summary, investing in IGOs and IGO launchpads is like any other investment decision. You have to evaluate whether the IGO launchpad has a good standing and aims to provide support for major gaming projects in the future.

#IGO #ICO #IDO #cryptonews #launchpool $ETH $BNB $MATIC

#IGO stands for Initial Game Offering. It is a type of token sale that is used to raise funds for new blockchain games. IGOs are similar to Initial Coin Offerings (ICOs), but they are specifically focused on gaming projects.

IGOs typically involve the sale of tokens that can be used to purchase in-game assets, such as skins, weapons, or characters. The tokens can also be used to participate in the game's governance or to earn rewards.

IGOs have become increasingly popular in recent years as the popularity of #blockchains gaming has grown. In 2021, IGOs raised over $3 billion in funding.

There are a number of benefits to participating in an IGO. First, IGOs offer investors the opportunity to get involved in new gaming projects at an early stage. This can be a great way to get exposure to promising projects that have the potential to generate significant returns.

Second, IGOs often offer investors access to exclusive in-game assets. This can give investors a competitive advantage in the game and can also be a valuable collectible.

Finally, IGOs can be a way to support the development of new blockchain games. By participating in an IGO, investors are helping to fund the development of these games and ensuring that they are created.

However, there are also some risks associated with participating in an IGO. First, IGOs are often high-risk investments. The success of a blockchain game depends on a number of factors, and there is no guarantee that any given game will be successful.

Second, IGOs are often illiquid #investments . This means that it can be difficult to sell IGO tokens once you have purchased them. This can make it difficult to exit your investment if you need to.

Finally, IGOs are often subject to #regulatory uncertainty. The regulatory landscape for blockchain gaming is still evolving, and it is possible that IGOs could be subject to new regulations in the future.

Overall, IGOs can be a good way to get involved in new blockchain gaming projects. However, it is important to be aware of the risks involved before participating in an IGO.

Here are some of the benefits of IGOs:

Early access to new games

Exclusive in-game assets

Support for the development of new games

Here are some of the risks of IGOs:

High-risk investments

Illiquid investments

Regulatory uncertainty

If you are considering participating in an IGO, here are some tips:

Do your research on the game and the team behind it.

Only invest what you can afford to lose.

Be aware of the risks involved.

Consider participating in an IGO through a reputable platform.