ZoneBitcoin EditorialGameFi is one of the most well-known launchpads for blockchain games. In fact, for upstream investment in video games, we talk more aboutIGO (Initial Game offering) that of ICO (Initial Coin Offering).
However, it remains the same thing, let it be said.
Many games are launched on the GameFi launchpad, so here is a short tutorial to participate in the IGO of your choice.
Launchpad overview GameFi.org
First thing: don't confuse gamefi (the activity that combines gaming and DeFi) and the launch platform GameFi.org
GameFi offers games developed on the Ethereum, BSC and Polygon networks. The platform will open to other networks over time.
What is interesting about GameFi was financially supported by Tea Labs and the most famous and renowned launchpad that is DAOMaker.
The platform has a native token, the $ FATF which is essential for people who want to use the platform.
How can we invest in the games offered by the platform?
To be able to invest in the GameFi launchpad, you will need to have GAFI tokens and stake them. You will also have to follow the KYC process which only takes a few minutes. The KYC procedure consists of sending your identity document and taking a selfie to prove that it is really you.
This is how you will be eligible to participate in an IGO of your choice.
The larger you invest, the more it opens up to you greater exclusivities.
There are different staking levels on the platform, in fact.
The different levels
In the GameFi ecosystem, investors are categorized into four tiers, namely Legend, Pro, Elite, and Rookie. Each tier requires a different amount of $GAFI tokens to stake and offers different facilities and benefits.
The table below contains the minimum amount of $GAFI tokens required for each tier as well as the maximum allocation an investor will get and the withdrawal time limit.
Based on current FATF prices (around $37), here is what it will cost for each level:
- Rookie (20 FATF: $758)
- Elite (100 FATF: $3800)
- Pro (500 FATF: $19)
- Legend (In this case, you must have a specific NFT of the platform)
Now that you have chosen the level you want to reach according to your budget and your investment objectives, we can move on to the next step.
First step: buy the FATF token
First of all, you will need to choose the network on which you want to operate. That said, most projects are on BSC. In addition, staking is also done on this network.
So it is better to do it on BSC (for the moment in any case). Before purchasing the GAFI token, please check the price of the token on Coinmarketcap For example. You will also have the address of the FATF token.
This is how you can buy the GAFI token. You can click on the "buy GAFI" button which will open the page of Pancakeswap.
You should know that you can buy GAFI token on Kucoin or on Gate.io but the fees on pancake swap are sufficiently affordable.
Second step: log in to the platform and create your account
Once you've decided on the network of your choice, it's time to get down to business.
You must now connect your Metamask wallet (most recommended) on the GameFi platform.
Once you are logged in, you can complete your profile.
How to stack your FATF tokens
To stake your tokens, simply go to the “staking” tab. For now, it’s only on the BSC network.
For the first time, you will first need to activate before validating the transaction and depositing your GAFI on the pool. You can enter the amount you want and then click on "staking".
Once confirmed the operation on your metamask wallet, you will be able to see your tokens stacked and your level reached.
You can withdraw your staked GAFI at any time. However, you will have to wait until the end of the withdrawal period to be able to withdraw your tokens. For the “elite” level for example, you have to wait 8 days. Then, you can withdraw them at any time.
Participate in IGO
Some projects require whitelisting. It is then necessary to follow the projects and follow the calendar as well. Typically, when there is a whitelist, there is a button that allows you to register.
When the project is open for registration, you can participate.
How to claim your IGO tokens?
Once the pool swap time is over, you will then be able to claim your tokens. Open the pool details and click on the “claim” tab.
It looks like this:
- Have bought (what you purchased): Your amount spent / Your allocation for this project.
- Equivalent : the total number of tokens you purchased
- Claimed On GameFi (Claimed on GameFi): Tokens you claimed on GameFi.org
- Fortress : The complaints policy is decided by the project team. Vesting periods vary from project to project.
- Claim Type (Claim Type): Depending on the project, you can claim tokens on GameFi.org. Otherwise, the tokens will be sent directly to your wallet.
To get the IGO token, don't forget to claim your token when the claim window opens. To do this, confirm the transaction on Metamask.
Final word on the Gamefi.org launchpad
There are more and more crypto launchpad and it's really not easy to make a choice. Some are great in terms of project proposals and others are a disaster….
Gamefi.org is rather selective with the games selected even if the offer is rather limited (for the moment in any case).
However, for those who want to invest in play to earn (P2E) games, Gamefi remains a very good option.
- Discover Gamefi.org
- Discover another games launchpad: Liquiditfy
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Note: No financial advice is given in this or any other article on zonebitcoin. This is information of which you are the sole judge and master. Be responsible with your investments and only invest as much as you are willing to lose.
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