GameFi is a launchpad that organizes Initial Game Offerings (IGO) for gaming projects. It aims to offer high-end blockchain-based games developed on the BSC and Polygon networks. Apart from launchpad, the project also includes Yield Guilds, Aggregator, Marketplace, and Accelerator in its ecosystem. The platform is strongly backed up by Ice Tea Labs and DAO Maker. It has a native token, $GAFI, that has multiple utilities in the ecosystem. The projects use a tier/ ranking system to categorize their investors. $GAFI holders can stake their token into the GameFi staking pool to reach any of these tiers to become eligible for participating in IGO.
Users can stake a minimum of 20 GAFI tokens for the Rookie tier. Account-holders need to complete their KYC process before participating in IGO’s. To participate in project IGO’s, users need to apply for their whitelisting process.
In this article, we will explain:
- where you can get the platform native’s GAFI token
- how you can stake it
- and how to participate in an IGO.
Connect With The GameFi
To connect with the GameFi Launchpad, go to their page.
And connect your Wallet.
The platform allows you to connect with the Ethereum, Binance Smart Chain, and Polygon networks. Users can access the platform by using their Metamask, Wallet Connect, and Binance Smart Chain (BSC) wallet.
Get The $GAFI token
Users can get the $GAFI token from any of the below platforms. You can check the complete list here.
In the GameFi ecosystem, investors are categorized into four tiers namely Legend, Pro, Elite, and Rookie. Each level requires a different amount of $GAFI token to stake and offers different facilities and benefits.
The below chart contains the minimum amount of $GAFI tokens required for each level along with the max allocation an investor will get, and the withdrawal delay limit.
You can check more details here.
To participate in IGO’S (initial game offering), users need to stake their $GAFI token to acquire any of the platform tiers i.e Rookie, Elite, Pro, Legend.
To stake your token, visit the page. The stake pools are available in the BSC network. Hence, users are required to connect with the BSC network (change network settings in Metamask to BSC) while depositing their tokens into the staking pool.
Here you will find pools with two statuses:
- Live- Active stake pool, you can stake and earn rewards.
- Finished- Closed staking pool where you cannot participate
To stake, click on the Details tab. If you are a first-time user, you have to enable first before actually depositing your tokens into the stake pool.
Once enabled, click on the Stake button and enter the amount of GAFI token that you wish to deposit into the staking pool.
Now, click on Stake. This will trigger a Metamask transaction that you need to confirm. Once confirmed, you can see your staked tokens details in the dashboard.
At any time, the user can add more tokens to his staked balance and raise his tier.
Users can initiate a withdrawal process of their staked GAFI tokens at any time. However, they need to wait till the Withdrawal delay time (different delay times depending upon your tier) is over to withdraw the tokens.
As you can see from the below screenshot, for the Elite tier the withdrawal delay time is 8 days. So, we will be able to withdraw our funds after 8 days.
Users can check the list of future projects from the Token Sales section.
Users must apply for project whitelisting if they wish to participate in their IGO. To become eligible for whitelisting, users need to verify their KYC first and should belong to any of the tiers.
To apply for whitelisting, keep an eye on the upcoming projects and check if its whitelisting has started or not. If the project has started whitelisting, then click on it you will find a Join Competition tab. You can click on this button to enroll your account for whitelisting.
We have already applied for whitelisting to a project named Mech Master IGO and have been allocated to buy a token worth 80 BUSD (highlighted below). The other details can be checked from the project main page.
Users are required to first Approve the transaction. Once approved, you can proceed with token swapping by clicking on the Swap button.
Note that the project IGO generally happens on the Binance Smart Chain network. Therefore, most of the time users will be able to buy the project token with BUSD. Also, you should have enough tokens in your connected wallet account to cover your purchase.
This will trigger a Metamask transaction that you need to confirm. Once the transaction is successful, you can see your newly purchased tokens.
You can say that with the swap you have booked the IGO’s token. You are not getting the token now and it will not show in your wallet.
To get the IGO’s token, remember to claim the token when the claim window will start. We will learn about it in the next section (token claim).
At the given token claim time, the claim button will be enabled and the user can start claiming the IGO’s token.
To claim, click on the Claim Tokens button and confirm the Metamask transaction.
The tokens will be there in your wallet within a few minutes. If you are not able to see the token, then you can open the explorer and copy the token contract address to manually add it to your wallet (see screenshot below).
Users can check their profile information like wallet address, KYC status, registered email address, social account details, tier details, and other account-related information from the My Account tab.
The My Rank sections list your staked token and tier details. You can check how much more GAFI tokens you would require to promote your tier to the next level.
Read More: How To Participate In A Red Kite ($PKF) IDO
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