What is GameFi?
Game Fi is the world’s first IGO Launchpad, i.e. a platform designed to launch game projects based on blockchain technology.
As a reminder, Launchpad is a platform to raise funds for an early stage crypto project from retail investors rather than funds. As a reward for participating in an early-stage project launch, investors get early access to innovative product features.
A revolution is currently brewing in the world of video games, with the concept of playing to win gaining popularity. It allows players not only to enjoy the game, but also to earn cryptocurrencies while playing the game.
One of the major game companies, Ubisoft, actively supports blockchain game developers. For example, one of the most popular games is Axie Infinity, the review of which you can read on our website. Ubisoft has also already started incorporating NFT items into its products.
Many game developers, who used to work for companies like Electronic Arts, are leaving and starting their own companies to launch game projects for profit. Even Peter Molyneux and his studio 22cans released the NFT Legacy game.
Therefore, platforms like GameFi will soon be in high demand in the cryptocurrency market.
Should I choose GameFi?
GameFi is the leading platform for blockchain game releases. The platform uses a clear user interface, registration is easy, and FATF tokens can be purchased from major cryptocurrency exchanges.
According to Cryptorank.io, GameFi is one of the most profitable platforms on the market, not only among similar projects, but among all launch platforms combined. Given this fact and all of the above, GameFi is really worth checking out.
How does GameFi work?
Unlike other launchers like DAO Maker, GameFi specializes in running blockchain-based game projects. So it works a bit differently than other launch pads.
GameFi is all about user ranks. The higher the rank, the higher the chance of being whitelisted by IGO.
When you connect your cryptocurrency wallet to the prototype site, the user gets a starting rank, it is the first rank that does not give the right to participate in IGO. To get one of the above four ranks, the user must purchase a certain number of FATF tokens. Examine each range in more detail.
Rookie
To get this rank you need to purchase a minimum of 20 FATF tokens.
This will give the user the following capabilities:
- The right to whitelist apps and join IGO groups on GameFi Launchpad;
- Receive a distribution of IGO tokens in the form of a lottery;
- Every 20 FATFs placed in line will count as one lottery ticket;
- Maximum individual distribution: GBP 45;
- FATF withdrawal delay: 5 days
Elite
This rank requires a minimum of 100 FATF to be purchased. This rank will entitle the user to the following:
- The right to whitelist apps and join IGO groups on the GameFi Launchpad;
- Receive a distribution of IGO tokens in the form of a lottery;
- Every FATF 20 wagered will count as one lottery ticket;
- Maximum individual distribution: 235 GBP;
- FATF withdrawal period: 8 days.
Pro
need a minimum of 500 FATF to get this rank. This will entitle you to the following:
- The right to request whitelisting and join IGO groups on the GameFi Launchpad;
- Receive a distribution of IGO tokens in the form of a lottery;
- Every FATF 20 wagered will count as one lottery ticket;
- Maximum individual distribution: 550 GBP;
- FATF withdrawal period: 12 days.
Legend
There are a total of 12 slots available for users of this rank. Certain conditions must be met to earn this rank:
- GameFi members must own a GameFi Legendary NFT to earn this rank;
- GameFi’s first generation Legendary NFTs can only be purchased at auction;
- If the number of Legend rank members drops below 12, GameFi will continue to auction available slots.
Users of this rank receive the following options:
- The right to request whitelisting and join IGO groups on the GameFi Launchpad;
- The right to join exclusive exclusive groups of Legends (subject to availability);
- Guaranteed distribution of IGO tokens by signing up for the whitelist;
- Token distribution for Legends is 20% of the IGO pool;
- FATF Withdrawal Delay: 30 days
Statistics and Performance
According to cryptorank.io, GameFi is in the top five among lunchpads. Since this is a relatively new project, these are incredible numbers.
The results of the latest IGOs held on GameFi are shown in the table below
What is needed to participate in IGO on GameFI?
To participate in IGO, the user must do the following
- Connect a crypto wallet to the GameFi Launchpad;
- Buy FATF tokens;
- Choose IGO to participate;
- Verify your identity;
- Submit a whitelisting request.
How to Get Whitelisted on IGO: GameFi Tier Rules
Increasing a user’s account rank will increase their chances of being whitelisted. Each rank that allows you to participate in IGO starts with a certain number of FATF tokens:
- Rookie – 20 FATF;
- Elite – 100 FATF;
- Pro-500 FATF;
- Legend – NFT Required
The final rank, Legend, is only available to those users who own the GameFi Legendary NFT. By owning an NFT, Legend level users receive the following benefits:
- Participation in exclusive groups;
- Guaranteed allocation of IGO tokens upon registration on the whitelist;
- The token allocation for them is 20% of the IGO pool.
You can buy GameFi Legendary NFTs at auction.
How to participate in GameFi IGO
To participate in GameFi, there are some specific steps that need to be followed.
Step 1: Connect a cryptocurrency wallet
To get started, connect a cryptocurrency wallet to the GameFi launch pad. We recommend using a web wallet, such as MetaMask. You can read a detailed review of this wallet in our article.
To connect the crypto wallet, go from the project homepage to the Launchpad tab and click the Connect Wallet button in the upper right corner of the website.
In the window that opens, you will need to confirm that you accept the rules of the service and the privacy policy, select the network that you want to use and specify the wallet that you want to use. In our example it is MetaMask.
Once the crypto wallet window opens, follow the instructions on the screen. Connection is literally a matter of a few clicks. Once the wallet is connected, your crypto wallet number will be displayed instead of Connect Wallet and the My Account button will appear.
Step 2 – Buy FATF Tokens
Once you have connected your cryptocurrency wallet to the GameFi Launchpad, you will be assigned your first rank. You can view this rank in your personal account by clicking My Account. The first range is called “Start”. It is a rank with zero token balance in your account and you cannot participate in IGO.
In order to upgrade your Gamefi level rank, you need to have a certain number of FATF tokens in your account. You can buy this token on the following exchanges:
- Gate.io
- KuCoin
- PancakeSwap
- BKEX
- Hoo
- ZT
Step 3: Project Selection and OIG Participation
The next step is to choose a project to participate in. To do this, go to the Token Sale page. On this page you will see a list of available IGOs. Clicking the Detail button will open a list with the details of the upcoming event.
On the details page of the upcoming IGO, you will see:
- The currency for which the token will be sold;
- The minimum user rank required to participate in IGO;
- The network on which the token is running;
- The cost of the token;
- The time remaining until IGO starts.
If you are satisfied with everything, clicking Apply Whitelist will open the Whitelist application.
To ensure secure access to the platform, you will be required to perform an identity verification procedure when you complete the form. Once you have completed this procedure, you will be given access to participate in IGO.
GameFi Team
Due to the fact that NFT games are currently the most popular in the Asian region, most of the GameFi team is based in Vietnam. Here are some of the team members:
Whitepaper
GameFi developers are taking the development of their platform very seriously. They have a roadmap and a detailed description of how they see their project in the future. This information can be found at this link.
Disclaimer
The information contained in this article is for informational purposes only. It should not be construed as financial advice. Investing in cryptocurrencies involves a significant risk of loss, and we recommend that you consult a financial advisor if you decide to invest in cryptocurrencies. Remember that all investments are made at your own risk.
Frequently Asked Questions
Is GameFi available in the UK?
GameFi is not a scam, the site is legal and available in the UK.
Is GameFi safe?
GameFi is a new project whose team is meticulous about security. To date, there have been no attacks on the site.
How do I participate in GameFi?
To participate in IGO on GameFi, you must first connect your cryptocurrency wallet to the project’s launch pad. Then you need to buy at least 20 FATF tokens to increase your user rank and be able to participate in IGO. After you rank up, you will need to select a suitable project and complete a whitelist application.
Conclusion
Thanks to its timely appearance in its niche, GameFi is the leading platform for launching blockchain games. The team that created this project is keeping their brand high and planning to further develop their platform for launching NFT games.
Of course, the idea of play-to-ear is still in its infancy. Will it replace the usual computer games? Or will it be a symbiosis of blockchain projects and today’s computer game industry?
Thanks to a project like GamFi, we are getting closer to answering that question.
GameFi Rating Summary
85% OVERALL
We have analyzed the main advantages and disadvantages of GameFi IGO based on 3 important parameters to choose Launchpad:
Reliable (we made an independent evaluation based on reviews from Trustpilot and other independent sources on the Internet).
Own essays and media reviews.
Analysis of token value, capitalization and value forecasts for the year by analysts.
Based on all these data, an independent rating was compiled
