Are you a fan of gaming?
Well, this one’s for you.
If you haven’t heard of Intergalactic Gaming (IG) or IGGalaxy, you might want to check it out: IGGalaxy is a decentralized platform made for gamers around the world.
The idea here is pretty simple: IG is a UK-based company with an aim to serve and improve the competitive gaming experience and lifestyle.
How?
The goal here is to establish and grow an inclusive community space to empower gamers to earn a sustainable living and build a career path.
Through teams and tournaments of the most famous games in the world, users can earn IGG tokens and provide for themselves by “simply” (it’s not so simple, I know) being a gamer.
Even though the idea might seem like something you’ve already seen, this one is different.
Let’s get more acquainted with Intergalactic Gaming and IGG.
Quick Overview
| Price IG Gold | US$ 0,00036634 (updated 04/20) |
| Trading Volume | US$ 36,553 (updated 04/20) |
| All-Time High | US$ 2,26 -100.0%*Mar 25, 2019 (about 3 years) |
| All-Time Low | US$ 0,00002999 1120.5%Mar 13, 2020 (about 2 years) |
| Team | Josh Robson – Joint Founder and Managing Director |
| Whitepaper | https://cdn.igg.network/resources/pdf/iggalaxy-litepaper-v2.pdf |
What is IG?
Intergalactic Gaming is a project made to facilitate gamers’ living inside the competitive gaming environment.
We all know that in order to become a pro player, you have to work really hard and it also sometimes requires, as “regular” sports do, sponsorship to have better resources, to travel, or do whatever it’s needed to succeed in esports.
However, IG’s goal is to let down those barriers that keep a lot of gaming users distant from the possibility of becoming someone who is provided by a gaming career.
This means that even though games such as Call of Duty, Fortnite, Valorant, and others do not usually pay heavy gamers to play, with IG it becomes possible as they describe themselves as your “Play to Earn” Esports Tournament Platform.
What is IGG?
According to IG’s litepaper:
“IGG is the operational token required across IGGalaxy, used to drive value exchange
between market participants to form a token economy for content, social competitive
gaming, and esports.
It will be the token required for a range of use cases, from payment of smart contract obligations and paid platform features”.
Here are some of IGG’s use cases:
Subscriptions
You can use IGG to pay a recurring monthly fee to upgrade your account from free to premium on IG, providing greater access, features, and benefits.
Prize Pools IGG
Through what they call “IGGalaxy’s Tournament Creation Module (TCM)” a prize pool distribution infrastructure is incorporated in order to provide a fast and cost-effective reward mechanism for competition organizers, enabling participants to receive rewards.
Also, you can use other tokens on supported blockchains for some competitions, however, it will require an IGG fee to be paid.
Entry Fees/Deposits
IG came up with an idea in order to reduce the number of players and teams entering tournaments and not attending promptly or at all.
For that, certain tournaments will require an entry fee to be paid in IGG, supporting also the operational costs of the competition organizer, such as prize pools and moderator fees.
Player Transfers between Teams
Games imitate life: teams can use IGG to ‘purchase’ players who are signed to another team, similarly to traditional sports.
Loyalty & Reward Mechanisms
Of course, there are rewards: incentivization through rewarding mechanisms that distribute IGG to users for carrying out specific actions, for example, referral scheme reward for inviting friends to IGGalaxy.
Transaction Fees in IGGalaxy
All operational features interacted within IGGalaxy will require a transaction fee to process.
IG is implementing a feature that will allow users to transact solely with IGG, therefore, eliminating the need for an additional token for gas/energy/bandwidth.
Swap Crypto Assets
The gold and old-fashioned exchange, to trade between IGG and other crypto assets.
To know more use cases, read the full litepaper.
IGG is live on Klever Exchange!
To trade IGG in the Klever Exchange is pretty easy.
The pairs available are:
- IGG/KLV
- IGG/USDT
Klever Exchange supports the most common and needed trading methods but in a simple and easy-to-use modern way.
Therefore, you will find the Limit Order as well as the Market Order possibility for trading your coins and token.
How to Trade in Klever Exchange
There are just a few steps to enter the trading:
Option A: Being on the “Home” Screen
1. Choose one of the showing trading pairs
2. Select the “Buy” or “Sell” choice on the next screen
Option B: Go to the “Market” screen
1. On that screen, there are various possibilities to start over.
On top of that screen, you can directly filter the market and find your trading pair, by entering the Coin/Token of choice (in this case IGG) into the “Search for markets” bar.
- Choose one of the showing trading pairs
- Select the “Buy” or “Sell” choice on the next screen
2. On the other hand, you also have the choice to select some main categories of Coins, to find your trading pair a bit faster.
- Choose one of the showing trading pairs
- Select the “Buy” or “Sell” choice on the next screen
4. The easiest way: is just to select the trading pair from the overview by scrolling down the pairs (in this case, IGG/USDT or IGG/KLV).
- Choose one of the showing trading pairs
- Select the “Buy” or “Sell” choice on the next screen.
