Are you new to the cryptocurrency world and feeling a bit lost? Don't worry, you are not alone. The cryptocurrency space can be daunting for newcomers, with its many terms, abbreviations and definitions that can be difficult to understand.
ATAIX crypto glossary will help make sense of some of the most common cryptocurrency terms and definitions. Armed with this information, you'll be ready to start participating in this exciting and innovative new economy!
What is Initial Game Offering (IGO)?
An Initial Game Offering (IGO) is a type of crowdfunding that allows gaming companies to raise money for their projects by selling digital tokens or "coins" to investors. These coins can be used to purchase in-game items or special access features. IGOs have become popular among independent game developers to raise funds without giving up equity in their companies.
IGOs are similar to Initial Coin Offerings (ICOs), a type of crowdfunding that allows blockchain-based startups to raise money by selling digital tokens. However, there are some key differences between the two. For one, ICOs tend to be open to anyone who wants to invest, while IGOs are usually only available to accredited investors. Secondly, ICOs typically involve the sale of a utility token that can be used on the startup's platform. In contrast, IGOs usually involve the sale of a security token that gives investors a share of the game's profits.
So far, there have been several successful IGOs, such as those for the games CryptoKitties and Spells of Genesis. If you're thinking about investing in an IGO, it's essential to do your research and invest wisely.