Understanding Initial Game Offering (IGO)
An Initial Game Offering (IGO) is a fundraising method in the crypto space that focuses on gaming projects.
Like an Initial Coin Offering (ICO), an IGO allows investors to contribute funds to gaming projects that utilize non-fungible tokens (NFTs) or tokens as in-game currency and rewards.
With the increasing popularity of blockchain gaming, IGOs have emerged as a new trend in the crypto industry.
Several IGO launchpads have been established to facilitate these gaming projects.
Investing in IGOs or IGO launchpads
There are several factors to consider:
- Evaluate the benefits provided to token holders and compare them with other IGOs.
- Check whether the IGO launchpad guarantees allocation or uses a lottery mechanism for token distribution.
- Assess the return on investment (ROI) of active IGOs offered on the platform and consider the launchpad’s track record with previous projects.
- Examine the holder value of the launchpad as a performance metric, which can impact token valuation.
- Consider the number of token generation events hosted by the IGO launchpad, as a higher number may indicate a commitment to quality initiatives and potential valuation growth.
IGOs and IGO launchpads should be carefully evaluated, similar to any other investment decision.
Assessing the credibility and prospects of the IGO launchpad and the gaming projects it supports is essential for making informed investment choices.