News > IGG: The esports token of IGGalaxy!
IG Gold (IGG) is a crypto-asset, like Bitcoin or Ethereum, that exists on a decentralised network; it is the native competitive gaming and esports token that fuels IGGalaxy!
IGG operates on Matic Network, a layer-2 blockchain solution to the issues of high gas fees and congestion on the Ethereum chain.
With thousands of gamers and crypto holders finding IGGalaxy each week, this article will provide some key insight to our IGG token!
IGG: The competitive gaming and esports token!
Over the years, we have seen horror stories related to teams and players not receiving prize pool they are eligible for, and it’s an issue that is even more prevalent at the grassroots scene.
IGG offers a great solution, as through the power of smart contract technology, we can distribute rewards to anyone, anywhere, at the speed of light and in a secure manner! Players and teams will no longer have to worry about whether the competition organiser will or will not pay out.
You’ve seen it all over our social media accounts, in adverts, and probably even heard it from some of your friends: IGGalaxy rewards all players that participate in IGGalaxy tournaments with IGG, win or lose!
Here’s how you can currently earn IGG!
There are also numerous other ways that you can earn IGG tokens to increase your holdings that we’ll outline below!
IGLabs: Sell your ORB at a fixed rate!
Storing your IGG in IGGalaxy’s IGLabs rewards you with ORB tokens that can be sold to IGLabs for a fixed rate, at anytime.
At launch, IGLabs purchased ORB from Galacticans at 4 IGG per token, and this has since risen to 5 IGG per ORB! The rate is closely monitored and adjusted when necessary, but we will always provide you with enough notice before any change is actioned.
Get rewarded for content bounties!
Take part in our bounty programmes to receive IGG rewards for producing engaging content that can be shared throughout our growing ecosystem!
Provide the minimum required IGG and base pair to support liquidity of IGG on selected decentralised exchanges and passively earn IGG and ORB tokens proportionate to your total contribution to the pool!
IGG will have utility throughout IGGalaxy, giving Galacticans the opportunity to interact with the various exciting aspects of the platform.
At this stage in our development, you can use your IGG tokens for two things: to generate ORB tokens in IGLabs and providing liquidity on selected exchanges.
Some listed use cases for IGG tokens!
In time, we will integrate features that will demand greater utility for our IGG token, which in turn will have positive influences of the token’s value.
The price of IGG is determined by traditional supply and demand economics and is driven by its utility — the more it is used, the greater the demand, the higher the value.
There are also deflationary mechanisms in place — scheduled token burns — that also serve to support the token’s long-term value.
Want to check the price?
If you like what you’ve read and you’re keen to know more about IGGalaxy, then we encourage you to sign up to IGGalaxy today!
Once you’ve done that, you can create your IGWallet so you’re ready to start earning great rewards!
We appreciate that this new way of exchanging value is different and can take some time to get used to, so please feel free to get in touch if you have any questions.
To keep up to date with developments, please follow us on our various social media channels:
In March 2020, we significantly scaled-up IGGalaxy’s tournament operations as we launched our campaign to begin marketing to esports gamers and teams to join our mission as early adopters. This helped us establish the foundations to our social competitive gaming platform.
April 20, 2021
After a hugely successful first year in public beta development, we conclude the first month of the new year just as motivated to building upon the excellent foundations our team worked so hard to establish in 2020.
February 8, 2021
IGLabs will be a core component of IGGalaxy that will spearhead the mainstream adoption of crypto assets for gamers.
January 7, 2021