Gamestarter is a platform that offers Web3 services such as IDO launches, a game development studio, an accelerator, an incubator and soon, an NFT marketplace and a metaverse. In this article I will explain how to participate in their IDOs.
Gamestarter (GS), is a Web3 platform that offers different services to its users such as the launch of IDOs, a game development studio, an incubator, an accelerator and will soon launch an NFT marketplace, a gaming guild and a metaverse with the goal of covering the entire ecosystem of blockchain technology and non-fungible tokens.
In addition, it has its own governance token called $GAME that can be used to stake and earn a percentage of APY, participate in IDOs, and spend in the next NFT market they will launch.
It can also be used to obtain discounts on the platform, to use it in the original GS games, and to purchase items or wearables in the metaverse that will be available soon.
On the other hand, the $GAME token can be acquired in different marketplaces such as Gate.io, UniSwap and PancakeSwap. This project being an incubator and accelerator of NFTs games offers full support in the launching of tokens, where they already have more than 21,000 total participants, 40 funded projects and around 5.5 million dollars of raised capital.
After having reviewed what this project is about and what are the activities and services it offers, we will learn how to participate in its IDOs, since many users find Gamestarter projects, but do not know where to start.
First of all, Gamestarter divides its IDO into 2 different phases: one private and one public, with a duration of 3 days each, a total of 6 days. Moreover, to participate there will be no registration required, but to keep a simpler and more direct control, Gamestarter only needs investors to go through a simple KYC process.
The first round of IDO will be the private round and will be open only to participants holding the native token of the platform we reviewed above called $GAME, which at the time of this article is worth $0.034 USD according to CoinMarketCap.
To understand this method simply, the $GAME token is the engine that drives everything related to Gamestarter, since it can be used to buy NFTs in the GS non-fungible token marketplace, make transactions in the GS metaverse and benefit from the future expansion of the Gamestarter project.
In addition to the above, $GAME staking offers this privileged access to all its private IDOs and each project will set its own maximum amount of tokens that will be available for each user to purchase.
That said, the IDOs will change depending on the project and GS itself will communicate in advance. What will not change is that the more $GAME tokens wagered, the higher the Annual Percentage Yield (APY). This means that regardless of the IDO a user wants to participate in, it will always be more worthwhile to have a larger amount of $GAME tokens wagered.
Also, the minimum amount of $GAME to be wagered will vary according to the IDO, so it is important that the user himself does his research and consults this detail if he wishes to participate in the private round of a project. This detail will be provided in advance so that the investor can prepare without stress and quietly participate in the IDO if he/she wants to.
As is often the case with private IDO rounds, this one will benefit those who believe in Gamestarter and its long-term vision, and chose to invest in GS’s $GAME token.
At the moment the private IDO ends, the public round of the private IDO will begin. During this round, all remaining tokens from the private phase will be available for sale.
There will be no limit on the number of tokens that can be purchased and it will work on a first-come, first-served basis, so you will have to be attentive and quick if you want to participate in this action.
Although public IDOs are usually successful in GS, it also happens that during the private phase the possibilities of buying $GAME are exhausted. If your idea is to participate at all costs, Gamestarter recommends participating in the private round, since no one guarantees that the public round will have tokens available.
On the other hand, betting $GAME in the public IDO will also have positive consequences for the investor, since, if you are betting $GAME, you will receive 100% of the tokens you buy during the second phase.
Gamestarter has an award contract that allows tracking if the buyer stops participating in $GAME during the “award process”. In the event that this occurs, GS will charge a 10% fee as a way to penalize the action.
Going back to how the project IDO works, all the money invested will be converted into the token of the IDO in which the user is participating.
Non-$GAME participants who purchase during the public round will receive 90% of the tokens purchased according to the award schedule, where 10% of the fee for the project just purchased is deducted.
What about the fee charged?
Gamestarter uses that fee to buy $GAME on the market, since, GS will launch a “Token Burner” contract, which by its name, serves to burn tokens, that is, to lock them forever in a smart contract, without anyone, not even the GS team being able to retrieve them.
This action will remove purchased $GAME tokens from circulation and increase the value of the token for holders who do possess the token.
Gamestarter confirms that participating in an IDO on their platform is simple and their goal is to help users invest in projects that both GS and individuals believe in.
Consequently, the team behind Gamestarter only lists projects that they have full confidence in and that have undergone a thorough vetting process.
Currently, Koakuma is the next project to be launched. It is a MMORPG game with combat systems and mechanics within a metaverse. Moreover, it is a P2E Gamefi 2.0 project to explore and win, designed for users from all over the world where they will have to fight in epic battles using specially designed NFTs assets.
The scheme for participating in the Koakuma IDO at GS is as follows:
Private round from January 11-13, from 8:00 AM UTC to 8:00 AM UTC.- Open to $GAME token bettors only.- Minimum amount of $GAME wagered of $1000.- Each ticket costs $50 BUSD.
Public round from January 13-14 from 8:00 AM UTC to 11:00 PM UTC.- All remaining tokens from the private phase will be for sale.- There is no limit to the amount of tokens that can be purchased.- It will be first come, first served. – Gamestarter $GAME will give 100% of the tokens you purchase.- Non-$GAME participants will receive 90% of the tokens purchased with the 10% fee deduction. – Gamestarter will use 10% of the fee to burn $GAME tokens. Gamestarter’s total allocation is $50,000.
All investment or financial opinions on behalf of NFTexpress should not be taken as recommendations. This article is informational/educational material. Before making any type of investment do your own research.
Written by Rodrigo Catalan (TW: @RodrigoCatalanB) for NFT Express.