Initial game offerings (IGOs) provide individuals with an opportunity to invest in gaming projects at an early stage that have the potential to offer huge returns after their launch.
What Is an Initial Game Offering (IGO)?
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.
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.
