More funds are usually needed to develop blockchain games after launch. Developers can use what is known as an early game offering, which takes place on a special platform and allows users to “invest” in the title and get a small stake.
The process doesn’t just benefit game developers; it is also an investment opportunity. So, what is the early game offering, and how does it work?
What are Early Game Deals?
An initial game offering (IGO) is a process to raise capital for blockchain games. This gives early access to games while helping developers raise more funds for their game projects. In addition to the initial access granted, project participants typically have access to in-game assets that they use to participate in the game.
What is IGO Launchpad?
Launchpad is a platform that helps investors find and interact with projects (fundraising) at an early stage. The IGO Launchpad is mostly dedicated to early-stage blockchain game projects. Some launchpads only focus on games, while others may have games alongside other projects.
How Early Game Offers Work
IGO is used to raise capital for blockchain games. That similar to an initial coin offering (ICO), with the main difference being that IGOs focus on games while ICOs are done for cryptocurrencies. These two processes help investors gain a foothold in the blockchain game as soon as it is released.
As a result of supporting the game in the development stage, IGO participants get early access to in-game assets like mystery boxes, weapons, characters, etc. non-fungible token assets (NFTs) which is usually required to access the game.
You can invest in the game at the best possible price by investing in the beginning. However, investing in the early stages also carries some risks as there is no guarantee that the project will be successful or even complete the actual public launch.
5 Popular Crypto Gaming Launchpads
Below is a list of the five best IGO platforms where you can access early blockchain gaming projects.
1. Binance NFT
Binance NFT allows you to invest in in-game assets and NFTs from various gaming projects. The platform’s unique subscription mechanism gives all users the same opportunity to participate in IGO. In addition, the system uses a common and verifiable algorithm selection to ensure fairness for all users.
To benefit from Binance NFT, you just have to login to your Binance account, then open the Binance NFT tab. Then, from the Binance NFT homepage, you can select the IGO banner that represents the IGO you want to join. The participation process usually consists of four stages: preparation, subscription, calculation, and distribution.
2. Game starter
The all-inclusive Gamestarter ecosystem sets a new benchmark for funding Indie games through the IGO launchpad and NFT-based marketplace. In addition, Gamestarter also strives to develop high-quality blockchain games.
The Ethereum-based GAME token powers the Gamestarter platform. If you have GAME tokens, you can buy NFTs and other products anywhere on the platform. The platform also secures all IGOs with 300k USDT, which covers failed IGO launches or team errors.
3. Engine starter
The Enjinstarter game launchpad focuses on developing the Enjin ecosystem and metaverse. This allows creators to run campaigns to raise capital and build a blockchain community. The platform also supports projects to create sustainable strategies and launch successful campaigns.
Enjinstarter has also built several projects, including Pixelverse, an NFT metaverse for games; Project Defina, a blockchain gaming platform where you can play to earn; and Gaia Everworld, a fantasy game where players explore lands and build kingdoms.
4. GameFi
GameFi is a hub for blockchain games and metaverse projects. It is used to build digital communities and open virtual economies for the public to use. The solution covers the entire life cycle of a game project.
The platform has a ranking system: Legend, Pro, Elite, and Rookie, based on your $GAFI staking amount. The number of tokens allocated to each IGO pool is taken into account when determining individual allocations. GameFI members must be at least Rookie rank and complete KYC to join the IGO pool. However, this requirement is optional for those participating in community pools.
5. Speedify
In addition to fundraising, Speedify also helps with marketing and community building for blockchain-game projects. For example, you can invest in game projects with SFUND, Speedify’s community token. The more you invest, the more weight you add to the pool. The reward system is a nine-level program, where the first level token distribution uses a lottery system, while the other levels guarantee shares.
You can buy SFUND from exchanges like Pancakeswap and Kucoin. To participate in IGO, you must use the same wallet that was provided during the KYC process. If you use a centralized exchange, you must first transfer your tokens to another wallet like Metamask or Trustwallet to participate in launchpad activities.
How to Participate in IGO Launchpad
The process involved in participating in the IGO launchpad is not complicated. However, the exact steps are different for different IGO launchpads.
Before doing an IGO, you need to do your research. There are many fake IGOs created to rob you of your hard-earned money, and crypto scams abound in the entire crypto space. Check the game project’s website and social media channels to see if they provide a clear roadmap for their development. Making sure that reputable investors or partners are involved in the project can also help.
Participating in an IGO involves identifying an IGO to invest in, connecting a wallet, buying a game or platform token, and then staking the desired amount. The amount you stake usually determines the pool you own and your reward.
Remember, No Investment Can Guarantee a Return
As an investor, the main reason to buy IGO is to be part of a project from the development stage. Although the process involves a lot of risk, early investors can profit from the project if it is successful. On the other hand, if it turns out to be different than expected, there is a strong possibility that you will end up losing money.
We understand that buying an IGO is risky, so we strongly recommend that you choose the project carefully, evaluate the level of risk tolerance, and ask for guidance from a licensed financial advisor before investing in one.
