News > IG Gold (IGG) Flash Token Sale: Provisional Details
IG Gold (IGG), as per our announcement in our August’s progress report, officially delisted from exchanges on Monday 7 September. This was a scheduled delisting and IGG markets will back open to trade again very soon. IGGalaxy will undergo significant transformation over the next phase of our journey, ushering in a new era of gaming; as such, we encourage our community to remain patient.
The fantastic progress we have made in such a short space of time has led to significant interest from those that wish to purchase IGG to participate in our ecosystem. With the limited liquidity for IGG available on exchanges, and in preparation for the next phase of our journey, we have decided to carry out a final flash sale, which will support IGGalaxy in numerous ways.
So, if you are thinking about participating in the IGGalaxy esports economy, whether that be by hosting tournaments in IGGalaxy or setting up a team, recruiting players to compete for you and sharing the loot, then this is your final opportunity to purchase some IGG at a fixed rate!
We will provide some context to IGGalaxy for newcomers before we provide first details of the IGG flash token sale. Please ensure that you read the article in full to best understand the format and what we hope to achieve through the sale.
IGGalaxy is our web-based — soon to be app-based — social competitive gaming platform which entered public beta phase of development on 24 December 2019.
IGGalaxy has evolved into a highly engaging competitive gaming ecosystem, with components maturing on a monthly basis. Our time in public beta has allowed us to carry out both targeted and experimental forms of marketing that has seen our total user base soar passed 90,000 registered users in just over nine months. In August alone, IGGalaxy added over 26,000 users, with this number rising by the day; engagement in IGGalaxy is very high to say the least.
IGGalaxy public beta sign-ups from December 2019 — August 2020!
One of our primary goals at Intergalactic Gaming Ltd. is to provide a uniquely constructed competitive gaming ecosystem that is expansive, converging two very dynamic industries in blockchain and competitive gaming. The by-product is a trusted environment that brings together key stakeholders within the ecosystem, creating a vast wealth of opportunities for all. The majority of the gamers on our platform, as well as those in our targeted user groups, are new to blockchain and will be earning cryptocurrencies for the very first time.
IGG is the native operational token within our social competitive gaming platform, IGGalaxy. IGG currently exists on the TRON network and has the ability to be distributed to anywhere in the world in a cost and time effective manner; extremely handy when we have a rapidly expanding community across the globe!
Although we are in early beta phase, we are beginning to implement and scale particular use cases with more in the pipeline. Below, we have provided an overview of what you will be able to do with IGG in IGGalaxy:
A maximum amount of 800,000,000 million IGG tokens will be available in the upcoming token sale that will give existing and then new members of the community a final opportunity to purchase IGG at a fixed price. This 800 million IGG allocation will consist of five rounds spread over the next month.
Please note that the details provided below are provisional. During the sale, we will carefully monitor any factors that may influence a change. Before each round begins, we will provide a written update as to the rate at which you can purchase IGG, and any other details related to the round itself.
Participating in this token sale will go directly towards supporting the growth of IGGalaxy, and so, it is important that we outline where the funds raised from this IGG token flash sale will be allocated.
40% will be used for recruitment and 30% each for exchange listings and marketing!
Our team have worked relentlessly to get IGGalaxy to the position it is today, and we remain just as dedicated to executing what we set out to achieve two years ago when we established IGGalaxy on the TRON network. The allocation of funds to strengthen our team will enable quicker development of the platform; more effective marketing; customer service; and revenue generation.
As we approach the end of the year, strengthening our development capabilities will remain a priority, so we can deploy features proportionately to our expected user growth. We have demonstrated explosive growth, expect even more exponential growth and so we must take advantage of the momentum we have been building.
Listing IGG on top-tier exchanges will be integral to bringing exposure and liquidity to the operational token of IGGalaxy, and the wider — so far very successful — IGGalaxy ecosystem. Whilst IGG’s sole value rests in its utility, we want to also ensure the token’s value remains steady with an adequate volume of liquidity. This allocation will cover any listing fees and provision of liquidity to IGG markets. This liquidity ensures that relatively small purchases or sales of IGG tokens do not drastically impact the price.
Furthermore, by successfully completing this objective, we will be able to quickly provide IGG to fiat on/off ramp for our user base. This will significantly enhance the experience of our users, reducing the steps needed to realise the value of IGG.
As we have all witnessed over the past year, gamers love competing in online esports tournaments for IGG rewards! In the coming days — or weeks — IGGalaxy will reach 100,000 registered users, double our forecasted 2020 target. Much of this growth has been organic, with relatively little marketing spend as we progress through our public beta.
With over 2.5 billion gamers worldwide (and growing!) we want to gradually attract as many users to taking up the challenge of competing in IGGalaxy in a highly dynamic and rewarding esports ecosystem! A portion of the funds raised will be used to begin hosting larger scale competitions, inviting top esports players and content creators to participate in IGGalaxy contributing to its growth.
When #IGGalaxy100k Competition 👨🚀 🚀— Intergalactic Gaming 👽 (@IG_Galaxy) September 6, 2020
🔹Comment below your guess of exact day and time of reaching 100k registered users (UTC)
🔹Tag 2 people
Closest guess will get 100,000 $IGG (currently worth $60) 👽
Entries close in 24 hours. Go👇#TRX #BTC #ETH #esports #gaming #IGG https://t.co/Ub3QPYyQLZ
The IGG token sale will consist of a maximum of five rounds that will take place over the next few weeks.
You can see an overview of the rounds in the image below but at this point we want to remind you that the dates are only provisional; if a round concludes before the end date, we may launch the next immediately.
The IGG flash token sale will be broken down into at least five rounds!
The first round will take place on Thursday 10 September 2020 at around 18:00 UTC, where 100 million IGG will be available to purchase with TRX.
To participate in the first round, you must hold a Galactican Founders’ Token (GFT). All subsequent rounds after the first will not require a GFT to participate.
Don’t miss out on your chance to secure IGG at a fixed rate!
All purchases for Round 1 and 2 can only be made via your IGWallet using TRX.
What is GFT? A Galactican Founders’ Token (GFT) gives holders numerous benefits. Holders receive a lifetime premium membership to IGGalaxy — for as long as you continue to hold the GFT — once we have implemented our freemium subscription model. Holders of GFT will also be able to convert these to non-fungible tokens at a later date, providing unique value to each holder. This will include cosmetic benefits that will make your IGGalaxy profile stand out from the rest! Further benefits include access to exclusive esports tournaments dedicated for our GFT holders, with access to much larger prize pools.
For now, those that hold GFT will have the best chance of purchasing IGG at the lowest rate offered throughout the token sale.
How do I buy a GFT?
GFT can be purchased via your IGWallet once you’ve logged in to IGGalaxy: simply open your wallet, scroll down to your token balances and select “Buy” under GFT. The current price for purchasing a GFT is 12,500 TRX (~US$400).
THIS ARTICLE DOES NOT CONSTITUTE A PROSPECTUS OR OFFERING DOCUMENT AND IS NOT A SOLICITATION FOR INVESTMENT AND DOES NOT CONSTITUTE AN OFFER OF SECURITIES TO THE PUBLIC OR A COLLECTIVE INVESTMENT SCHEME. THIS DOCUMENT SHOULD NOT BE CONSIDERED INVESTMENT ADVICE AND IT DOES NOT IMPLY A CONTRACTUAL RELATIONSHIP BETWEEN IG AND IGG TOKEN BUYERS OR HOLDERS.
THE IG GOLD (IGG) TOKEN IS NOT INTENDED TO CONSTITUTE A COMMODITY, SECURITY, FINANCIAL INSTRUMENT OR ANY OTHER FORM OF INVESTMENT IN ANY JURISDICTION. OWNING ANY AMOUNT OF IGG DOES NOT ENTITLE THE OWNER TO ANYTHING, OTHER THAN OWNING SAID AMOUNT OF IGG. IGG IS A UTILITY TOKEN THAT CURRENTLY EXISTS ON THE TRON NETWORK. IT IS A TOKEN THAT WILL BE UTILISED WITHIN THE IGGALAXY ECOSYSTEM BY PLAYERS, TEAMS, BRANDS, COMPETITION ORGANISERS, CONTENT CREATORS AND MORE.
If you’re new to IGGalaxy, then we invite you to join our Intergalactic family on Telegram and Discord groups today! We have a very friendly and helpful community that will be able to provide some insight if needed. If you have any questions you’ll like to ask the team, then drop a message in the co-founders’ Q&A form and they’ll get back to you with an answer in the next live stream!
To keep up to date with developments, please follow us on our various social media channels:
The next edition of FIFA in the series will welcome with it opportunities for both Playstation and Xbox players and teams to enter FIFA 21 IGGalaxy tournaments, to compete for Intergalactic glory, and some great prizes!
September 26, 2020
We are excited to share that Rocket League will be added to IGGalaxy’s growing list of supported games! Our first Rocket League tournaments in our public beta will begin early October, but before we announce dates and further details, let’s look at why Rocket League is a great addition for IGGalaxy!
September 25, 2020
Join us in IGGalaxy for another week of free online esports tournaments to join! With eFootball PES 2021 released last Tuesday, on Sunday, we’re set to host our first PES 21 PS4 tournament this Sunday! What’s more, with further new releases right around the corner including FIFA 21 and Call of Duty: Black Ops Cold War, we will soon have a range of new esports titles to feature in IGGalaxy!
September 21, 2020
The purpose of this article, therefore, will be to provide an insight into the online esports tournaments currently available, followed by an outlook of games our community can expect in the coming final quarter of 2020.
September 21, 2020
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