IGO Time: How to Buy GameFi Tokens on Seedify.fund

According to the analytics resource DappRadar, in 2021 venture capitalists invested more than $4 billion, and the trading volume of in-game NFT exceeded $4.5 billion.

Game developers are increasingly raising funds through Initial Game Offerings (Initial Game Offering, IGO) on specialized platforms. Together with the Seedify.fund project, we explain how to participate in IGOs.

How IGOs Work

Participants in ICO, IEO and IDO buy native tokens, which can be used to lower fees and pay for products in the ecosystems of projects.

Purchasing tokens at an IGO is effectively supporting the development of a specific game. Its participants can receive bonuses—in-game items as NFTs.

Seedify.fund is one of the platforms for conducting IGOs. Since its launch on March 26, 2021, it has conducted more than 50 token sales, in which 4,500 investors participated.

The most successful IGOs on Seedify.fund were Bloktopia (BLOK), Cryptomeda (TECH) and Cryowar (CWAR). They attracted $5.2 million, $2.7 million and $3.6 million respectively.

At its peak, Bloktopia’s token return since the token sale reached 69 726%, Cryptomeda — 21 566%, Cryowar — 16 620%.

How to Participate in a Token Sale

To participate in an IGO you must register on the Seedify.fund site and complete the KYC verification on the Blockpass platform. This requires:

• provide a passport, ID card, or driver’s license;
• take a selfie;
• photograph a document proving your place of residence;
• provide the external wallet address you will use on Seedify.fund.

A detailed guide to passing KYC is published in the platform’s blog.

Users fund the IGO with Seedify.fund’s native tokens (SFUND). They need to buy them on KuCoin, Gate.io, PancakeSwap or other exchanges, and then withdraw to the wallet specified during registration.

Depending on the distribution method, the investor will receive the tokens at listing, via airdrop, or after submitting a request on the Seedify Claim page.

Project Plans

In February, the Seedify.fund team announced the launch of two platforms: Seedify NFT Launchpad and Seedify NFT Space.

The first will host non-fungible token offerings called INO, and the second — the trading of these assets. Participation in INO is open only to users with SFUND staked.

The Seedify NFT Launchpad and Seedify NFT Space are planned to launch in April 2022.

Takeaways

As of the end of 2021, tokens from the GameFi segment showed impressive momentum. For instance, the returns of Gala and Axie Infinity projects were 28,707% and 16,618% respectively. In the same period, Bitcoin and Ethereum rose by 60% and 400%.

The Seedify.fund project aims to build a full ecosystem for game developers, investors and NFT collectors.

If user interest in GameFi remains high, the platform could become one of the main venues for IGOs and INOs.

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