April 26, 2022

GameFi Guide: Participation in IDO, Tiers and Launchpad Requirements

What Is GameFi?

What Is GameFi?

Game Fi is the world's first IGO Launchpad, that is, a platform designed to launch game projects that are based on blockchain technology.

As a reminder, Launchpad is a platform for raising funds for an early-stage crypto project from retail investors rather than funds. As a reward for participating in an early-stage project launch, investors get early access to innovative product features.

There is currently a revolution brewing in the world of video games, with the concept of play-to-earn gaining popularity. It allows players not only to enjoy the gameplay, but also to earn cryptocurrency while playing.

One of the leading game companies, Ubisoft, is actively supporting blockchain game developers. For example, one of the most popular games is Axie Infinity, a review of which you can read on our website. Ubisoft has also already started to incorporate NFT items into its products. 

Many game developers, who used to work for companies such as Electronic Arts, are leaving and starting their own companies to release play-to-earn projects. Even Peter Molyneux and his studio 22cans launched NFT game Legacy.

Therefore, platforms like GameFi will soon be in high demand in the cryptocurrency market.

Should I choose GameFi? 

GameFi is the leading platform for blockchain game launches. The platform uses a clear user interface, registration is straightforward, and GAFI tokens can be purchased on major cryptocurrency exchanges.

Should I choose GameFi?

According to Cryptorank.io, GameFi is one of the most profitable platforms on the market, not only among similar projects, but all launchpads combined. Given this fact and all of the above, GameFi is really worth a look.

How Does GameFi Work? 

Unlike other launchers like DAO Maker, GameFi specialises in running blockchain-based game projects. Therefore, it works a bit differently from other launchpads.

GameFi is all about user ranks. The higher the rank, the higher the chance of being whitelisted by IGO.

When you connect your cryptocurrency wallet to the prototype site, the user gets a Start rank, it is the very first rank that does not give you the right to participate in IGO. In order to get one of the four ranks above, the user has to buy a certain number of GAFI tokens. Examine each rank in more detail.

Rookie

To obtain this rank, you must purchase a minimum of 20 GAFI tokens.

This will give the user the following capabilities:

  • The right to submit whitelist applications and join IGO pools on GameFi Launchpad;
  • Receive a distribution of IGO tokens in the form of a lottery;
  • Every 20 GAFI placed on the line will count as one lottery ticket;
  • Maximum individual distribution: 45 GBP;
  • Delay in GAFI withdrawal: 5 days

Elite

This rank requires a minimum of 100 GAFI's to be purchased. This rank will entitle the user to the following:

  • The right to submit whitelist applications and join IGO pools on GameFi Launchpad;
  • Receive a distribution of IGO tokens in the form of a lottery;
  • Every 20 GAFIs staked will count as one lottery ticket;
  • Maximum individual distribution: 235 GBP;
  • GAFI withdrawal delay: 8 days.

Pro

You will need a minimum of 500 GAFI to obtain this rank. This will entitle you to the following:

  • The right to apply for whitelist and join IGO pools on GameFi Launchpad;
  • Receive a distribution of IGO tokens in the form of a lottery;
  • Every 20 GAFIs staked will count as one lottery ticket;
  • Maximum individual distribution: 550 GBP;
  • GAFI withdrawal delay: 12 days.

Legend

There are a total of 12 slots available for users of this rank. Certain conditions must be met in order to obtain this rank:

  • GameFi members must own a GameFi Legendary NFT to obtain this rank;
  • Legendary NFTs from the 1st generation of GameFi can only be purchased at auction;
  • If the number of members of the Legend rank drops below 12, GameFi will continue to auction off available slots.

Users of this rank receive the following options:

  • The right to apply for whitelisting and join IGO pools on GameFi Launchpad;
  • The right to join exclusive Legends-only pools (subject to availability);
  • Guaranteed distribution of IGO tokens when registering to the whitelist;
  • Token distribution for Legends is 20% of the IGO pool;
  • GAFI withdrawal delay: 30 days

Statistics and Performance 

GameFi statistics and Performance

According to cryptorank.io, GameFi is in the top five among lunchpads. Given that this is a relatively new project, these are incredible numbers.

The results of the latest IGOs held on GameFi are shown in the following table

Criteria

Value

Project SEED [SHILL]

19.41x

GameFi [GAFI]

108.03x

Dreams Quest [DREAMS]

7.64x

MetaWars [WARS]

28.21x

MetaGods [MGOD]

20.18x

What do you need to participate in IGO on GameFI?

In order to participate in IGO, the user needs to do the following

  • Connect a Crypto Wallet to the GameFi Launchpad;
  • Purchase GAFI tokens;
  • Choose IGO to participate;
  • Verify your identity;
  • Submit a whitelisting request.

How do I buy GAFI? Read our detailed guide here.

Current Price, £ 18.28 Market Cap, £ 0

How to get whitelisted on GameFi IGO: Tiers Rules

Increasing the rank of a user's account will increase their chances of being whitelisted. Each rank that allows you to participate in IGO starts with a certain amount of GAFI tokens:

  • Rookie - 20 GAFI;
  • Elite - 100 GAFI;
  • Pro - 500 GAFI;
  • Legend - NFT required

The final rank, Legend, is only available to those users who possess the GameFi Legendary NFT. By owning an NFT, Legend rank users receive the following benefits:

  • Participation in exclusive pools;
  • Guaranteed allocation of IGO tokens when registering in the whitelist;
  • Allocation of tokens for them is 20% of the IGO pool.

You can buy GameFi Legendary NFT at an auction.

How to participate in GameFi IGO 

In order to take part in GameFi, there are a few specific steps that need to be taken.

How to participate in GameFi IGO

Step 1 — Connecting a crypto wallet

To get started, connect a cryptocurrency wallet to the GameFi launchpad. We recommend using a web wallet, such as MetaMask. You can read a detailed review of this wallet in our article.

Step 1 — Connecting a crypto wallet

To connect the crypto wallet, go from the project home page to the Launchpad tab and click the Connect Wallet button in the top right corner of the website.

Connect Wallet

In the window that opens, you will need to confirm that you agree to the service rules and privacy policy, select the network you want to use, and specify the wallet you want to use. In our example it is MetaMask.

Connect With MetaMask

Once the crypto wallet window opens, follow the instructions on the screen. Connecting is literally a matter of a few clicks. Once the wallet is connected, your crypto wallet number will be shown instead of Connect Wallet and a My Account button will appear.

Step 2 - Buying GAFI tokens

Step 2 — Buying GAFI tokens

Once you have connected your cryptocurrency wallet to the GameFi Launchpad, you will be assigned your first rank. You can see this rank in your personal account by clicking on My Account. The first rank is called “Start”. It is a rank with zero token balance in your account, and it cannot take part in IGO.

In order to upgrade your rank, you must have a certain amount of GAFI tokens in your account. You can buy this token on the following exchanges:

  • Gate.io
  • KuCoin
  • PancakeSwap
  • BKEX
  • Hoo
  • ZT
Step 3 - Project selection and participation in IGOs

Step 3 - Project selection and participation in IGOs

The next step is to choose a project to participate in. To do this, go to the Token Sales page. On this page you will see a list of available IGOs. Clicking on the Detail button will open a list with details of the upcoming event.

On the details page of the upcoming IGO you will see:

  • The currency for which the token will be sold;
  • The minimum required user rank to participate in IGO;
  • The network on which the token runs;
  • The cost of the token;
  • The time left until IGO starts.

If you are satisfied with everything, then clicking Apply Whitelist will open the Whitelist application.

To ensure safe access to the platform, you will be asked to go through an identity verification procedure when you fill in the form. Once you have completed this procedure, you will be given access to participate in IGO.

GameFi Team

Due to the fact that NFT games are currently the most popular in the Asian region, most of the GameFi team is based in Vietnam. Here are some of the team members:

Hai Duong — Project Lead

Linked In 

Hieu Ha — Head of Security

Linked In 

Linh Do — Head of Quality

Linked In 

Whitepaper

The developers of GameFi are taking the development of their platform seriously. They have a roadmap and a detailed description of how they see their project in the future. This information can be found at this link.

Disclaimer

The information contained in this article is for information purposes only. It should not be construed as financial advice. Investing in cryptocurrency involves significant risk of loss, and we advise you to consult a financial advisor if you decide to invest in cryptocurrency. Remember that all investments are made at your own risk.

FAQ

Is GameFi available in the UK? 

GameFi is not a scam, the site is legal and available in the UK.

Is GameFi Safe? 

GameFi is a new project whose team is meticulous about security. To date, there have been no hacks of the site.

How do I participate in GameFi? 

In order to participate in IGO on GameFi, you first need to connect your cryptocurrency wallet to the project's launchpad. Then you need to purchase at least 20 GAFI tokens in order to raise your user rank to be able to participate in IGO. After raising your rank, you will need to select a suitable project and fill out a whitelist application.

Conclusion

Thanks to its timely emergence in its niche market, GameFi is the leading blockchain game launchpad. The team that created this project is keeping its mark high and plans to further develop its platform for launching NFT games.

Of course, the idea of play-to-ear is still in its infancy. Will it replace the usual computer games? Or will it be a symbiosis of blockchain projects and the current computer games industry?

Thanks to a project like GamFi, we are getting closer to answering that question.

Thank you so much for reading!

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Jack Evans


I became a crypto asset owner in 2014, when the industry was in its infancy. Before that, I was working in the classic US and European stock markets. Since then, I have gained extensive experience in both cryptocurrency investing and day trading. I am happy to share with readers my experience with crypto exchanges, DeFi and NFT instruments.
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