Tron is among a few blockchain projects that aim to take internet games to the next level, whereas, online gaming has been growing immensely for years. When you use games like FIFA or Minecraft to play online, you’re not playing against your own computer or console anymore, but against many other aficionados.
And in most of these platforms reward players with tokens, exotic items and many other things depending on how well they play the game or how much time they spend playing it. The gaming industry has created a gaming economy, in every sense of the word. You can sell or buy the most expensive items in places like eBay. Yet, nobody has tried to bring this whole new economy together into a single platform (and make no mistake, this is a real economy).
That’s when Intergalactic Gaming comes in. It’s a blockchain platform that runs over Tron‘s Main Net that aims to digitalize and tokenize the aforementioned competitive gaming economy. The project includes a token called Intergalactic Gold (IGG) which is also based on Tron’s token technology (TR-20). The point of the token is for gamers to exchange value and increase interactions (for instance, not to use eBay or other third-parties to trade in valuable items).
IGG’s initial ICO happened on Tronscan last August 3rd. The basic ideas you need to understand is that the total supply will be of 50 billion which is a number designed to guarantee scarcity (thus, value) and liquidity at the same time.
This tension between the two things will be what will make the token’s value, according to the laws of supply and demand. That basic economics, combined with real-world use cases will promote the token’s adoption and make it worth ‘hodling.’
That is not as weird as it sounds if you take into account that more than 2.2 billion people play online games all over the world. Even sports tv companies such as ESPN are starting to cover e-sporting events.
Among those who could find the IGG token useful are: professional gamers, brands, teams, gamers, and the gaming industry which is always trying to find new ways to make new and old gamers interested in current and new games.
The initial offering was of 10 billion, not including community rewards and airdrops. The rest of the currency will be frozen for three months at least.
Tron and Intergalactic are a match made in heaven because they both share the great ambition to bring blockchain technology into the “ordinary” uses most people give to the internet (through either web or game decentralization, respectively), young leadership and a young vision.
• Complete move into our office in Manchester, UK
• Launch our @Tronfoundation SR Candidacy plans
— Intergalactic Gaming 👽 (@IG_Galaxy) November 18, 2018
The current week will be transcendental for Intergalactic, the company, and IGG, the token.
First of all, Intergalactic will be launching its candidacy to become a Tron Super Representative, which it could achieve if it can gather enough votes from its gaming users. If it should win a spot, their voice and vote would become very relevant within the Tron community.
Second, a move to Manchester has been on the works for some time now. Next week the new Intergalactic’s Manchester office will open for business.
Third, the next airdrop will happen between November 23th and 25th.
There’s still some skepticism about the IGG token. Some observers consider it to be too specialized and are distrustful of real use cases. These observers clearly don’t play online games at all. But in the worst case scenario, you can always exchange your IGG coins for TRX. It’s too early to asses if IGG will be a success. But it’s also too early to think it will fail for sure.
Image courtesy of Kanenori/PixaBay