Stages of Token Sales
Last updated
Last updated
We are currently selling tokens to accredited investors via a pre-TGE ”Private Sale”. Our goal is to raise $3mm from institutional and individual investors that are inclined to help fund our growth by acquiring tokens at a steeply discounted price.
Private Sale (SAFT)
Aims to raise $3MM from institutional and strategic token investors.
Target completion by February.
KOL Sale
Immediately follows the Private Sale.
Aims to raise $0.5MM and onboard Key Opinion Leaders (KOLs).
KOL identification and qualification proceed in parallel with the Private Sale.
Completion of this tranche is not required for TGE
Public Sale (IDO)
Conducted with a top IDO partner to raise $0.5MM.
Occurs after the KOL Sale, enabling wider community participation.
Target completion by March.
The TGE Event
The Token Generation Event (TGE) occurs immediately after the Public Sale ends.
Allocations are distributed to investors as laid out in the token distribution plan.
Approximately 2.5 million reward tokens earned by existing players are issued, allowing claim and immediate in-game use post-TGE.
Targeted for mid-March
Post-TGE – we will continue to sell tokens to players as described previously:
Two Price-Advantaged Subscription Plans - Each plan features distinct cliff and vesting schedules.
Owners Club Website & App Stores - $0.10 per token on the Owners Club Website or in the App Store and Google Play.
Token Listing - The team aims to list the IGG token on a leading decentralized exchange (DEX) within six months of the TGE. This timeline allows for sufficient time to establish liquidity and ensure a smooth market debut.
Platform lockups tokens broadly fall into two categories:
Tokens outside of the platform and held in personal wallets, those include:
Tokens bought before TGE
Tokens bought on centralized or decentralized exchanges at any time post TGE
Tokens already withdrawn from the platform
Tokens inside of the platform. Those include:
Tokens bought via subscriptions o Tokens obtained as rewards
Tokens deposited for use in the platform
Any tokens outside the platform are obtained according to their standard vesting schedules as specified in the “Other Allocations and Vesting Schedule” below.
Any tokens inside of the platform are subject to 6-month vesting upon request for withdrawal. (This may be reduced based on token market liquidity post listing, based on players loyalty being known to IGG. There may also be opportunities for company-discounted buy-back options for these top players).
Example:
User A has 100 000 tokens on the platform
User A requests to withdraw 60 000 tokens, towards a personal wallet
Those 60 000 tokens become locked, and the user receives 1/6th (10 000) of those tokens each month for six months.
User A can still use the remaining 40 000 tokens on the platform as usual