All You Need to Know About IGOs and INOs on Seedify
Hello Seedify Community,
There are exciting times ahead for the Seedify ecosystem and our community. As we approach the launch of some anticipated IGOs and INOs, we thought it would be helpful to recap how they operate on Seedify and look into the benefits of joining them. Let’s dive in.
What is an IGO?
Initial Game Offerings or IGOs allow projects to raise funds and gain a base community of supporters, while providing gamers and game enthusiasts opportunities to purchase new gaming tokens before they’re listed on public exchanges.
What is an INO?
Initial NFT Offerings (INOs) are very similar to IGOs in that they offer crowdfunding in which the non-fungible tokens (NFTs) are sold at the early stages of a project for a specified time period.
Incubated vs Non-Incubated Launches
Some projects may decide they only need assistance with the launch of their IGO or INO, this is known as a non-incubated project. However, Seedify also offers incubation support to talented projects and initiatives in the blockchain gaming, NFT, and Metaverse sectors, providing them with access to VCs (venture capitalists), advising on tokenomics design, game economy, access to its large community (including influencers and key opinion leaders) and strategic marketing through its platform.
The Benefits of Joining IGOs and INOs
● Protected Launches:
We have added protection measures for our community to ensure projects do what’s required on their part to perform well, according to the Seedify Full Protected Launch — our community is entitled to a refund should the launch not prove to be a success, and projects don’t stick to their contractual obligations by either delaying their launches, not following best practice during their listings or by being irresponsible with the way they are operating and managing their projects, thereby hurting our community’s funds, the credibility of influencers in our network, and our partners.
● Whitelists (INOs):
Whitelist spots can be the difference between getting an NFT at a great price and not getting one at all.
● Early Access (INOs):
Gain access to the NFT collections before the public and prices rise and they are difficult to acquire.
● Best Prices:
Participating in IGOs and INOs ensures the best chances of maximizing your return on investment.
● Project Due Diligence:
Seedify has strict due diligence processes in place limiting the risks and qualifying the projects thoroughly to only present projects with the most prospects to the community.
● Exclusive Projects:
We offer our community some projects that are exclusive to the Seedify platform and are not available anywhere else.
● Seed Staking:
Seed Staking is where users who stake $SFUND tokens receive tokens from Seedify’s Incubated Projects for free. This is an extra passive income and utility for $SFUND holders.
● Ease of Purchase:
Our system was designed to ensure our community will not face any issues during IGO and INO phases.
How to Join IGOs:
1 — Purchase $SFUND:
● The user must be an $SFUND holder.
2 — Pass KYC:
● To get started with Seedify’s IGOs and enjoy their benefits, users will need to pass the KYC verification process. You can use this guide to do it fast and easily.
3 — Stake or Farm your $SFUND:
● Add your tokens to one of our staking or farming pools and earn passive income.
Tier System
Before buying and staking your $SFUND tokens, please take some time to learn about our tier system and the benefits it offers depending on the tier you choose.
For more information on how to start staking/farming on Seedify please refer to our article: How to get started with Seedify?
How to join INOs:
Join the Whitelist/Minting Spot by applying for the lottery:
Having entered the NFT space, SNFTS is Seedify’s NFT token and owning SNFTS will allow holders to participate in INOs on Seedify’s platform. To join this category of INOs, SFUND and SNFTS holders and stakers/farmers must apply for the lottery — regardless of their Tier level. The chances of winning a whitelist spot for the INO are based on a few factors.
It is important to note that no KYC is needed to participate in an INO. The split of the NFT allocation is 60% for $SFUND holders, 30% for $SNFTS holders, and 10% for the public.
● The number of points the user has: each 250 SFUND (staked or farmed) = 1 Raffle Ticket and 10.000 SNFTS (staked or farmed)= 1 Raffle Ticket. Owning more SFUND and SNFTS will automatically increase your chances of winning whitelist spots.
● The number of NFTs available for Seedify (allocation): the bigger the allocation, the more users have access to the INO and the more chances you have of winning a spot.
To Note — INOs have no vesting but have a minting process.
Seedify INO Phase 2:
● If there are any remaining NFTs that are not sold, a second raffle will take place, which will select 4 times the amount of NFTs that are left from those that haven’t won the whitelist, and there will be a FCFS (First come first serve) round to complete the sale.
Having followed the above steps, you should now be able to successfully build a quality NFT and IGO portfolio by participating in Seedify’s upcoming IGO and INO projects.
To participate in and see our upcoming IGOs and INOs keep an eye on our socials and head over to:
About Seedify
Seedify is a Blockchain Gaming and Metaverse incubator and launchpad, as well as an NFT launchpad, empowering innovators and project developers with access to funding, community building, marketing, and high calibre partnership network, with a complete support system to help bring premier games, NFTs and Metaverse projects to our community.
To learn more about Seedify, please refer to the following links:
