What Is An Initial Game Offering (IGO)?

What Is An Initial Game Offering (IGO)?


Investor interest in Initial Game Offerings (IGOs) has increased thanks to the success of GameFi. With IGO, you may buy NFTs or tokens for an upcoming blockchain game before it ever launches.


Common launchpads for IGOs are online communities with a shared goal. Launchpad investments typically include locking in the platform’s native token for an extended period. Tokens or NFTs for the game might be made available to supporters early on, depending on the project. Tokens and NFTs obtained via IGOs may be exchanged on decentralized exchanges and NFT marketplaces outside of the game environment.

How does an IGO work?

An Initial Game Offering (IGO) is a common approach for blockchain gaming startups to raise funds. Those who participate in an IGO, similar to an ICO, can help fund the game’s early development in exchange for cryptocurrency tokens and early access to the game’s assets. Among the IGO’s offerings are wonder boxes, playable characters, skins, accessories, weaponry, and other items. These are often optional extensions that enhance the game’s experience.

Binance NFT, BSCPad, TrustSwap, and EnjinStarter are some of the IGO launchpads that are now available. Investors are frequently required to obtain the native token of the launchpad platform in order to participate in an IGO, however, this varies with each launchpad. To participate in IGOs on Binance NFT, for example, an investor must have at least BNB in their Binance Wallet.

After acquiring tokens, participants must deposit them into a pool for a set period of time. Then, depending on the manner of distribution, they will receive either the project’s token or NFTs. 

Binance NFT uses a subscription approach to choose award recipients to ensure that everyone has an equal chance of earning NFT assets from the IGO. To be able to swap tokens on the market, players must occasionally hold or “stake” their tokens for a set length of time.

The Distinctions Between IGO, ICO, IEO, and IDO

In the world of cryptocurrencies, there are various methods for raising funds. Among the most well-known are initial coin offerings (ICOs), initial exchange offerings (IEOs), and initial decentralized exchange offerings (IDOs). Crowdfunding comes in a variety of forms, all of which work in the same way.

Initial Coin Offering (ICO)

The Initial Coin Offering (ICO) was the first method of raising funds for cryptocurrencies. It enables blockchain-based project teams to receive cryptocurrency donations. For example, Ethereum pioneered the ICO technique in 2014, and it remained one of the most popular methods of raising funds until the beginning of 2018. For enterprises, initial coin offering (ICO) events can be an attractive source of cash. This article, “What Is an ICO (Initial Coin Offering),” describes what an ICO is and how it operates.

Initial Exchange Offering (IEO)

The main difference between an Initial Exchange Offering (IEO) and other types of offerings is that the IEO takes place on a cryptocurrency exchange rather than a website owned by the project’s staff. Everyone benefits when a project and a reputable Bitcoin exchange join forces. Projects are normally evaluated thoroughly before being hosted on an exchange. The project team of the IEO can widen its appeal to the market as a whole. Binance’s Launchpad is a well-known IEO platform.

Initial Dex Offering (IDO)

The abbreviation “IDO” refers to initial coin offerings (ICOs) held on decentralized exchanges (DEXs). IDOs emerged in reaction to issues with ICOs and IEOs. There are numerous benefits to listing a project’s token on a DEX rather than an IEO. Tokens are immediately liquid after IDO completion, which means they can be listed on an exchange.

Due to the nature of the platform, IDOs that use DEXs frequently skip due diligence. This could increase the overall risk if any IDO activities turn out to be of poor quality or have a negative reputation. You should also be aware of rug pulls because many IDOs turned out to be scam schemes that stole investment funds.

Tips for IGO Participation

Like any other investment, there is no guarantee that investing in IGOs will be beneficial. Before clicking on it, you must sign DYOR and assess the risks associated with any IGO.

Examining the game project’s website or social media sites, for example, may show whether or not it has a comprehensive plan or development roadmap. You can find out if the project has any reliable investors or partners.  

To summarize

IGOs, which use blockchain technology, offer a fresh funding option for video game developers. While IGOs allow investors to support beginning gaming companies, they also expose them to significant financial risk. Always do your homework before putting your money on the line.

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