- Gamestarter allows indie games to raise funds through selling digital game items as liquid non-fungible tokens (NFTs).
- The platform enables liquidity, player-ownership as well as funding resources.
- Gamestarter creates an IGO launch pad, platform as well as the marketplace, all of which are based on NFTs.
- The Gamestarter Launchpad has the main goal of creating high-quality games built on top of blockchain technology.
Gamestarter is essentially this blockchain-powered crowdfunding platform intended to help independent game developers to raise funds through pre-selling any unique in-game assets through the utilization of non-fungible tokens (NFTs).
What this essentially means is that if, for example, the game would have some rare armor, a rare weapon, a rare vehicle, or just an avatar, it would be presented and offered in the form of an NFT.
Customers are only charged when their fundraising goal is reached, and Gamestarter even provides a marketplace for trading digital assets from successfully launched games.
Additionally, Gamestarter gives the NFT holders an additional level of control by letting them sell and get real value out of their assets, which is a key element that plays an essential role in the growth of the NFT ecosystem as a whole.
Let's dive into the Gamestarter website and see how this platform works.
At the very top of the website, you have a Gamestarter logo, followed by IGO, INO, and META. While META is in the development process, at the time of writing, IGO and INO are active.
On the left side of the screen, there’s an IGO levels section, where you can find the following pages:
- LP Staking
- V1 Staking
- Go to Levels
Next to it is a button that will let you buy the GAME token, where once you hover on top of it, you will be presented with a list of exchanges where it is currently available, including Gate.io, Uniswap, and PancakeSwap, alongside a link to CoinMarketCap where you can review its value live.
On the left side of this top bar, there’s the Wallet menu, which will let you connect multiple wallets, including MetaMask, WalletConnect, and TrustWallet.
Right under that, you will see a huge slogan that the platform is pushing, with an enormous, white font that says "Blockchain Gaming Reinvented," followed by links to the project’s official Twitter page, Telegram Page, Medium Publication, and Discord channel.
Under this section of the page, you will find the Ongoing IGO.
An Initial Game Offering (IGO) is a method through which blockchain gaming projects raise capital. It is similar to an Initial Coin Offering (ICO); however, aside from the cryptocurrency tokens, all participants within an IGO can also get early access to in-game assets and support the game's early development, in the form of non-fungible tokens (NFTs).
Under this section of the page, you will be presented with five more available games, and under that menu, you will be showcased what is known as the "Fuel of the Platform," which is where you will find information about the GAME token.
Here, you are provided with information about staking the GAME token, where you can get rewarded for doing so, and how the GAME token can be used in Gamestarter's guild, metaverse, originals, and NFT marketplace.
Then there’s information about the multi-chain IGOs, and what is known as the IGOs Insurance guaranteed section. Here, the platform claims that all IGOs are secured by 300,000 USDT in case of failure to launch or team misconduct.
Note that there's support for Ethereum, the Binance Smart Chain, and Polygon at the moment.
This is followed by the Full BC support for game creators’ section, which showcases the token launch, the NFT store, staking, and Unity 3D.
Right under that section, there’s the “Launch on Gamestarter” section where independent developers can apply and gain full support in project incubation, followed by a list of the ended IGOs.
On the footer of the page, you will find:
- Token Metrics
- Gamestarter API
- ETH SC
- BNB SC
- Polygon SC
In the roadmap, the NFT marketplace launch is scheduled to occur between Q1 or Q2 of 2022, alongside the integration of an auction system and the direct GAME token purchase on the Gamestarter platform with FIAT currencies.
As for Q3 and Q4 of 2022, Gamestarter has plans for developing a mobile application that will work on the iOS as well as Android operating systems, as well as an API for mobile games, alongside the introduction of an additional NFT type, including Music, Videos, and Movies.
On June 8, 2021, there was an official announcement about why Gamestarter would be launched, which introduced the platform as the first platform to combine traditional crowdfunding opportunities with the benefits of token funding.
Gamestarter announced their SEED SHO listing date on DAO Market on August 1, 2021, which was a public sale offering that allowed the Gamestarter and DAO Maker communities to partake in the project’s success and invest under the same terms as the private sale participants.
Prior to this, they had a massive private sale which gained an oversubscribed funding round of $2 million, led by DA Maker and other VC stalwarts.
The main goal of Gamestarter is to provide developers with advantageous funding opportunities and enable them to fundraise, all whilst retaining full equity and IP. It also introduces new revenue streams for gamers as well as developers and establishes a rich, token-based economy.
Gamestarter is powered by the ETH-based cryptocurrency token known as GAME. Once a user gets the GAME token, they are able to purchase any NFT assets or products within the entirety of the network.
NFTs generated by the creators are automatically released once a project is delivered or when NFTs are listed for sale, where they are outbid by the current holder.
Gamestarter, however, does not hold custody of the user's cryptocurrencies, as all transactions are made directly among the users. Gamestarter, however, does charge its fee, where they are applicable.
The Launchpad on Gamestarter has multiple levels, where users are essentially given the opportunity to bid on GAME to gain early access to a new game project as well as tokens.
In order for a user to be able to participate within the IDO on Gamestarter, they need to enter their email address and register. After that, the email needs to be confirmed, and GAME tokens need to be bid as a means of getting a ticket for free.
Launchpad Levels and Tiers
The GAME token is used as a primary incentive through which the functionality of Gamestarter is based. In other words, there’s a Lottery initially, where the more GAME tokens are staked by a user, the higher chance they have for an allocation.
Then there’s a guaranteed allocation for any user that stakes over 5,000 GAME tokens, and then there’s the legendary rank where a user can claim a supersized guaranteed allocation.
Here is an individual breakdown of each of the levels:
- 750 $GAME (Allocation size [1x]) (10% lottery chance) – Locked for 5 days.
- 1250 $GAME (Allocation size [2x]) (25% lottery chance) - Locked for 5 days.
- 2500 $GAME (Allocation size [2x]) (50% lottery chance) - Locked for 5 days.
- 5000 $GAME (Allocation size [2x]) - Locked for 5 days.
- 7500 $GAME (Allocation size [3x]) - Locked for 5 days.
- 10000 $GAME (Allocation size [6x]) - Locked for 5 days.
- 15000 $GAME (Allocation size [14x]) - Locked for 5 days.
- 30000 $GAME (Allocation size [22x]) - Locked for 5 days.
- 60000 $GAME (Allocation size [28x]) - Locked for 5 days.
- 100000 $GAME (Allocation size [32x]) – Locked for 6 Months.
- 150,000 $GAME (Allocation size [32x]) - Locked for 3 Months.
What this essentially means is that the more GAME tokens a person wagers, the higher their allocation will be. Participants within the lottery and guaranteed level need to bet within five days, while the legendary levels are locked between 3 and 6 months.
The farming pools essentially enable stakers to earn from their balance.
- There is currently $2,945,246.26 in total value locked (TVL) within the Gamestarter farming pools.
- Each pool has a variety of different information showcased, including The LP, staked, the GAME earned, the APR percentage, the LP price, and the total value locked.
- A user can deposit their GAME/BUSD balance, withdraw it, and claim any pending rewards within that pool.
The main goal behind the leveling system, which is based on the GAME tokens bid, is to release new games as well as projects for investors who want to gain early access to IGO (Initial Game Offerings). The size of the basic allocation, which is x1, is set for each project individually, and this is dependent on the amount that the project has the intention of raising.
GAME facilitates the operation as well as the functionality behind the entirety of the Gamestarter platform, and ownership of GAME tokens allows for significant discounts within the NFT marketplace.
The GAME Token
The GAME (GAME) token is an ERC-20 compliant cryptocurrency token that can be traded on the Ethereum blockchain, similar to Ether (ETH).
It's both the Gamestarter platform's currency, as well as an independent store of value for players as well as investors. There is a total supply of 100.000.000 GAME tokens.
Out of those tokens, 7.5% is intended for development, 6% for advisors, 15% for the team, 27.25% for the adoption incentives, 25% for seed, 4.25% for seed-public, and 15% for liquidity.
Once a user has some GAME tokens within their cryptocurrency wallet, they can place a bid on Gamestarter. First, they need to approve the interaction, place a bid on the amount of GAME they are interested in wagering, and then once the pool page for Project SEED opens, they need to register for the IGO in order to get a guaranteed spot. This can easily be done through the usage of one of the three supported cryptocurrency wallets.
Next, Know-Your-Customer (KYUC) will be a requirement within the registration panel, and that’s about it.
Pros and Cons of Gamestarter
- Enables funding for independent game developers.
- Allows for additional revenue streams.
- Has an engaging community.
- Increases overall game engagement.
- Can be expensive to climb up the ranks in terms of GAME Token requirements.
- A majority of the users are highly likely to remain in the Lottery section.
The Bottom Line
Gamestarter is a crowdfunding platform that offers fairly solid options for independent game developers who want to bring their projects to life and gain funding.
Everyone is given a fair opportunity to buy and invest their GAME tokens in crypto games which are created on the platform as well.
Its solid website design as well as clear user interface, easy registration process, and a high level of security indicate that a lot of effort has been put towards making this platform as solid as possible.
Frequently Asked Questions (FAQs)
Is Gamestar a safe platform?
Gamestar is a platform that has been audited by hacken.io, which is a large blockchain cybersecurity company. The platform does not store any sensitive information, and each login is done through authentication. Additionally, the encrypted seed phrase and other sensitive data like addresses, keys, and account data, are securely saved in the browser's local storage.
How does a user participate within Gamestarter?
All a user has to do is sign up, purchase GAME tokens and place a bet. The Gamestarter Launchpad has tiers that are divided into three categories, including Lottery, Guaranteed, and Legendary.
What token standard does the GAME token follow?
The GAME token is built on the Ethereum blockchain and follows the ERC-20 token standard.
Does a user need to unstake and restake for every IGO?
No, as users are eligible for any IGOs as long as their GAME tokens remain staked. The amount staked will match the current level system.
Can tokens be unstaked after each IGO?
Once registered for an IGO, an account will be locked and cannot be unstaked for five days starting after the IGO start date.