Since the advent of blockchain technology, gaming has been one of the sectors that have massively benefited from innovation. Play-to-earn (P2E) has become a mantra for many professional gamers coming out of the traditional gaming world to be part of a more inclusive, immersive, and beneficial gaming world. To satisfy the hunger of the ever-growing gamer community, new projects with lucrative promises have been coming around, and most have been searching for funds to get going.
For such projects comes the IGO or Initial Game Offering, which is not very different from other kinds of crypto offerings. The only starking difference is that the investors get native tokens of the game or in-game assets in return for their money. With launchpads earning their reputation within a short time, IGOs followed suit, and now we can now see a lot of IGO launchpad portals that have been hubs for some great blockchain games. In this blog, we will look at everything in detail about IGO launchpad platforms.
What is an IGO Launchpad?
An Initial Game Offering (IGO) Launchpad is a platform where blockchain-based gaming projects are listed for prospective investors. Such a launchpad benefits both sides, as game developers can easily get the necessary capital, and potential users can have valuable insights into a future blockchain-based game. A business venture based on an IGO Launchpad would be advantageous, given the platform's beneficial nature to all parties involved. Also, with minimal risk involved, a business can make fortunes if it takes the right moves.
An IGO project can give out in-game native tokens, in-game cryptocurrencies, and in-game assets such as avatars, skins, weapons, and more. Although most of the IGO projects are in their early stage (in need of capital to proceed further), some of them list themselves even when under development, which depends on the IGO launchpad they intend to list.
Popular IGO launchpads include Binance NFT, GameFi, Seedify.fund, TrustPad, and Enjinstarter.
Prominent Features of an IGO Launchpad
An IGO launchpad would make it possible to trade on the go, as there would not be any time between transactions or a so-called "Cool off time," which makes it easier for instantaneous trading.
The assets bought through an IGO launchpad will have liquidity instantly since multiple well-known platforms are working behind the scenes.
The concerns about massive amounts of energy consumption can be put away as many IGO launchpads function on mechanisms that are environment-friendly.
Many IGO launchpads offer support for multiple blockchains, which is the need of the day since there are many networks that have wider user bases.
Another vital feature of an IGO Launchpad is that it can work across blockchain networks which would be greatly beneficial. Also, such a facility would enable a wider reach for upcoming blockchain gaming projects.
IGO launchpads also have mandatory KYC/AML protocols, which ensures trust in a gaming project listed on the platform for a prospective investor.
IGO launchpads also have decentralization at their core, which makes things easier for gaming project owners and prospective investors.
Developing an IGO Launchpad - A Stepwise Guide
As the first step, the initial ideas from your end will be drafted concisely to frame the roadmap for your new IGO launchpad venture.
After creating the roadmap, the whitepaper for your IGO launchpad will be made. Here, all the details of the projects, such as the technology used, tokenomics, detailed description, and vision, will be listed.
The initial portal for your launchpad platform would be created where your vision and missions would be listed for the public to view.
After this, the native tokens for your IGO launchpad would be created, which would serve as the main means of transaction in the future platform.
Then, marketing your IGO launchpad follows. With your whitepaper and an initial website out there, it will prove to be more than enough for promotions across multiple mediums.
After promoting your platform, the native tokens for your venture would be listed at various cryptocurrency exchanges to attract investors and have some initial traction.
Finally, after all these steps, your new IGO launchpad platform will be developed with all the necessary features and deployed to your server in a short time.
Some Closing Thoughts
Therefore, from whatever we have seen above, it can be concluded that an IGO launchpad would be a great option for crypto business, given the traction for blockchain-based games at the current moment. Developing IGO launchpads is an easier process too, irrespective of starting from scratch or a customizable ready-made solution, any of which would not incur a lot of expenses for you. All you would need to do is to join hands with a development firm who have mastered the art of developing and promoting IGO launchpads so that your job becomes easy and you can go ahead with your platform in no time.