IGG Pre-Platform Launch Token Sale – Intergalactic Gaming
We are excited to provide further details regarding a limited time IGG token sale over the last few months of 2019! This is a strategy we are deploying on the run up to the launch, which will bring a number of benefits to the network as a whole.
Our intention for the first year of the IGG token itself was to establish a presence within the TRON ecosystem. We have proven to be one of the most highly liquid and exciting tokens within the network, so we can confidently state that this has been achieved. The next phase is now about cementing IGG’s place as the leading token within the realms competitive gaming as we let the world know about the opportunities the IG token economy will create.
IGG tokens are for anyone who believes that everyone should be able to pursue their passion. By purchasing IGG, you are acquiring the tokens that will fuel the IGGalaxy, the platform that provides opportunities and rewards for grassroots gamers and teams.
IGG will not only have utility for gamers and teams. There will also be opportunities for franchises, brands, service providers and competition operators, to name a few, to utilise IGG and benefit from the powerful network effect of the IGGalaxy.
You can see the full list of currently outlined use cases in our recently released “IG Token Economy” document.
Providing the ability to purchase IGG, at a fixed rate, via a smart contract operating off of the platform provides a number of benefits to the Intergalactic Gaming network, which we will outline in this section.
Support the IG Token Economy — New Galacticans in the IGGalaxy!
By carrying out this token sale prior to our platform launch, it will directly support bringing new Galacticans to the IGGalaxy as tokens are distributed to those who want to be actively part of the journey.
By enabling sale of IGG at fixed prices, we are enabling new users to become Galacticans by purchasing IGG easily and with sufficient liquidity. This will effectively reduce a barrier to acquiring IGG, ultimately resulting in a greater rate of utility and adoption.
Exposure
A follow on from the above, direct access to IGG places our token in an accessible place, again reducing a step to entry. This is important if we want widespread adoption of the IGG token as our platform is launched.
Liquidity
Liquidity is central to any successful token economy — IGG is no different. Due to general volatility in the crypto market, especially with “altcoins” (alternative coins to Bitcoin), acquiring large holdings is somewhat difficult. This is particularly the case with the IGG token economy in the current state of play. If there is not sufficient liquidity, then orders cannot be filled and spreads are wide; this, and fluctuations in price once again produce a barrier.
Carrying out this token sale will result in more active traders within the IGGalaxy which should create more authentic volume and activity within the secondary markets.
Support IGG CoinMarketCap (CMC) Rank Growth
Our conservative objective is to break into the top 500 on CMC by the end of the year, with even more ambitious plans for 2020. Increasing the circulating supply whilst supporting a steady price growth will achieve this.
“Bootstrapping” the Network
With the launch of the platform very close, this sale will enable supporting the scaling up and commercialisation of the IGGalaxy. The allocation of these additional funds are detailed in the “Fund Allocation” section below.
We have carefully considered various factors when determining the IGG token sale structure prior to the launch of our much anticipated competitive gaming platform. It has been designed to reward those who enter the early rounds with a more favourable rate.
The sale structure below is provisional and we would like to emphasise it is subject to change. The price of IGG is determined by the market on the principles of supply and demand economics. We will monitor the market conditions, including the general crypto market and may alter the allocation and/or purchase price of IGG for any of the rounds.
We will provide sufficient notice regarding changes in rates and it will be clearly visible prior to purchasing.
- Total IGG Sale Allocation: 8,000,000,000 (billion) — 16%
- Total IGG Sold during Initial Sale: 2,750,000,000 (billion) — 5%
- Total Circulating Supply: 9,895,053,765 (billion) — ~ 26% [according to Coin Market Cap]
- IGG Remaining for Pre-Sale: 5,250,000,000 (billion) — 11%
Please note:
- ROUND 1 WILL START ON 12/08/2019 AT 15:00 (BST).
- w/c = week commencing.
- The above prices are provisional and are subject to change. We will consistently monitor the market and relating factors, adjusting the rates accordingly prior to each round.
- We cannot predict what the state of the market will be in the coming months — The prices above have been determined by the present order books across the major IGG/TRX trading pairs across supported exchanges.
The sale of IGG tokens over the next few months, on the run up to the public launch and beyond, will enable the IGGalaxy to scale up at a much quicker rate. This token sale will accompany a private fundraising round that we are well underway with.
The allocation for the TRX raised through this sale is given and explained below:
Marketing — 45%
With the product development well underway and validated, we are now preparing for the public platform launch later this year. Marketing will play a critical role in the success of the IGGalaxy.
Marketing is essential to ensure the successful growth of our user base. We can have the greatest product in the world, but it means nothing if people are not aware of it. A significant portion of TRX raised from IGG sold will contribute towards our go-to-market strategy. This will specifically relate to user acquisition, but also retaining our current user base.
Development — 30%
With our recent office move, we will be looking to recruiting further top talent to work in our development team. We are working in two fast paced and emerging industries and so the strengthening of our development team will enable us to build additional features and planned products at a faster rate.
Exchanges — 20%
In our mission to create greater liquidity for the IG token economy, we will seek to list on top tier reputable exchanges. This will provide IGG with greater exposure to large trading communities and provide the opportunity for greater liquidity.
Partnerships — 5%
We will continue to strategically partner with entities, endemic and non-endemic to esports; this will see five per cent of IGG allocated for the furtherance of this.
We want to make purchasing IGG as easy as possible. There are currently three ways users can acquire IGG prior to the launch of the IG platform:
- Limited Time Pre-Sale: Purchasing IGG at www.iggalaxy.com, which will be executed via a smart contract.*
- Using “RoboMiner” and the “Seedit Bot” on Telegram Messenger*
- IGG can still be purchased from exchanges.
*Additionally, at certain times throughout the sale period, users may also be able to purchase IGG via Telegram Messenger. The rate will be equivalent to the one offered via the smart contract during that round.
Please see the list of exchanges below:
- TronTrade
- TRONWatch Market
- Sistemkoin
- LATOKEN
- Bitexbook
- TRX Market
- ABCC
Users wanting to purchase IGG directly via www.iggalaxy.com must have an account to do so.
We will be operating a burn incentive per round throughout the pre-sale.
For each round that the total IGG allocated is completely sold out, we will burn the equivalent amount from existence. The allocated amount MUST be sold out for us to carry out the burn function for that round.
The IGG burned will be taken from the “Ecosystem Incentives and Marketing” wallet, further details of this can be found in our “IG Token Economy” document.
Published at Sun, 11 Aug 2019 14:23:20 +0000
Bitcoin Pic Of The Moment
✅ Marco Verch is a Professional Photographer and Speaker from Cologne. ? This image can be used under Creative Commons 2.0. Please link to the original photo and the license.
By wuestenigel on 2018-10-27 16:01:31
