INITIAL GAME OFFERING(IGO) FOR NFT& GAMEFI AND MY EXPECTATIONS.
After a truly great end to the month of march featuring the KCS SUPER WEEK, KuCoin kicked off April with the introduction of an Initial game offering(IGO). With NFTs and gamiFi taking the digital asset market by storm lately, spotting the right project at its infancy has always been a problem for investors looking to place their stake in this new and emerging market and when you finally do manage to find that right project they are again faced with the dilemma of purchasing this NFTs securely and at low costs. And that’s where kucoin comes in;
The aim of KuCoin IGO is to provide a seamless experience for users to purchase,invest and manage their NFTs. Currently supporting more than 45 GameFi assets for spot trading on its site, KuCoin IGO makes NFT acquisition as easy as buying an asset on kucoin and transferring to external wallets. Most NFT and GameFi projects are hosted on decentralized exchanges(DEX) which can be both cumbersome and stress-filled for new investors to onboard and operate whilst KuCoin through the new IGO would offer entry level NFT and GameFi projects that have been carefully analysed and scrutinized by industry experts to its global customer base on its local centralized exchange. Just WOW! Also, there’s No gas fee charged for NFT purchase and withdrawals to external wallets from KuCoin.
KuCoin launched its first IGO project on April 8 2022 with PIKASTER, a card-battle play-to-Earn game featuring pikaster NFT.
Personally, I think This is a big boost for not just the KuCoin customer base, but also NFT lovers and collectors globally because it solves most of the underlying problems accompanied with NFT acquisition such as high gas and withdrawal fees, NFT acquisition at infancy stage without having to worry about the viability of the project they are buying into since they are carefully selected and backed by industry experts. The participation process in IGO is only known for the project currently being introduced through it and it is not known if subsequent IGO would follow a similar process for participation. I tend to see this as a spotlight event from KuCoin for NFTs.
Just like the spotlight events, I expect NFTs introduced via IGO event to outperform its contemporaries in terms of future price, adoption and use case. With a cheaper entry price and good market value for IGO projects, I think this might just be the newest wealth generating opportunity among numerous others from the KuCoin stables and I won’t hesitate to try it out. You shouldn’t either. For more information and guide on how to participate, You can get upto $500 in bitcoin when you sign up for a kucoin account and get started here