IGO in BitCityZ Launchpad

An Initial Game Offering (IGO) in BitCityZ is a fundraising event, usually carried out via crowd sale, for game industry projects and startups. It enables participants to obtain project tokens and other benefits such as receiving discounts on the game’s release or having access to special features from those who pre-register before it goes live.

IGOs tend to happen when the project in question needs funding in order for it to go live and be fully operational. For example, if someone has an idea for a blockchain-based social network, but the necessary software is not easy or cheap to develop, an IGO could raise that required capital.

Typically, these platforms can sell their tokens on cryptocurrency exchanges once they go live if demand warrants such an action. Even investors buy tokens purely based on speculation that they may become popular and increase in value later without actually using them within the platform itself.