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What Is IguVerse (IGU) Crypto?
IguVerse is a GameFi project that utilizes AI/ML technologies and NFT 2.0 game mechanics. It offers a Play-to-Earn experience along with Socialize-to-Earn and Move-to-Earn functionalities, all within a single dApp. The platform is powered by advanced AI/ML and blockchain technology and is accessible as a cross-platform mobile app. Users of IguVerse can create unique NFTs using AI technologies and their real pet photos. As of April 2023, the IguVerse app has been downloaded over 400,000 times from the App Store and over 200,000 times from Google Play. The online community boasts more than 800,000 members across various social networks. IGU, one of the native tokens of the IguVerse ecosystem, serves as the game's governance and utility token. It is used for minting and trading NFTs on the IguVerse NFT marketplace, accessing premium features, staking, and leveling up. IGU holders can also participate in the decentralized governance mechanism of the IguVerse game.
How Does IguVerse Work?
IguVerse is an AI-powered NFT marketplace and decentralized advertising platform that aims to connect content creators and advertisers for reliable and native advertising. The platform utilizes blockchain technology to ensure secure transactions and verify the ownership and authenticity of NFTs. Users can buy and sell NFTs, access advertising services, and engage with ads in a gamified manner. In addition to the NFT marketplace and advertising platform, IguVerse includes a social media component where users can earn rewards by completing tasks. The platform employs various gamification mechanics, such as 'move-to-earn' and 'play-to-earn,' to incentivize healthy behaviors and engagement. IguVerse's GameFi experience is powered by AI/ML technologies, enabling it to offer efficient and reliable advertising services while ensuring the security and authenticity of NFT transactions. It provides a decentralized platform for buying and selling NFTs, accessing advertising services, and engaging with a gamified social media component. The platform utilizes blockchain technology and artificial intelligence to ensure security, reliability, and efficiency. The platform's governance and utility token, IGU, allows users to participate in gameplay, mint NFTs, level up, unlock mystery boxes, and restore unusable NFTs. The second native token, IGUP, serves as a reward token, used for staking, feeding pets, and burned to increase the project's value through a deflationary mechanism.
History of IguVerse and IGU Token
IguVerse was launched in Q1 2022 with the establishment of its gameplay concept and the initiation of development. During the same quarter, the development team introduced the Genesis NFT collection, set up the backend microservice for smart contract interaction, and prepared the scalable cloud-based infrastructure. In Q2 2022, the developers of IguVerse established the user dashboard in preparation for the private sale of the IGU token. The official IguVerse wallet was also released, along with the free mint whitelist. The Genesis NFT collection of the game was sold out, and IguVerse ranked number one on the Binance NFT Marketplace creator ranking. In Q3 2022, IguVerse successfully completed its private round and conducted the Alpha app testing phase. Notable integrations during this quarter included Biswap DEX and Chainlink Oracle Service. Q4 2022 witnessed the release of IguVerse's testnet and the commencement of open public beta testing. The mainnet launch occurred in the same quarter, accompanied by the launch of the mobile app on the iOS App Store and Google Play Store. In Q1 2023, the IguVerse team focused on entering the Southeast Asian and Latin American markets. This quarter also witnessed the IGU token generation event and the launch of the PvP voting social game. New Play-to-Earn games were added to IguVerse, and the platform introduced a new NFT marketplace for pets. In Q1 2023, a public token sale was held for fundraising purposes.
Answers
Is IguVerse a Good Investment?
IguVerse is a good crypto asset, especially if you want to diversify your portfolio into gaming and NFT sectors. Its use of AI/ML technologies to offer a better experience for gamers makes the project stand out from most of its competitors in the P2E sector.
Its unique appeal lies in its utilization of blockchain, decentralized technology, artificial intelligence, and machine learning, extending its reach to various profitable sectors, including NFTs, gaming, and AdTech. The IguVerse price may experience a surge as its ecosystem gains traction among players and advertisers.
The price of IGU token could also witness an uptick amid higher on-chain and staking activities that could drive up the demand for the token. Such developments could increase the value of IguVerse as an investment opportunity, offering support to the IGU price statistics and making it an appealing crypto asset to invest in.
Besides greater adoption and collaborations, the price of IguVerse crypto may also witness an upward trajectory due to a positive shift in overall market sentiment. A bullish outlook among investors toward cryptocurrencies spurs heightened buying activity across the spectrum, drawing more investors into the market searching for novel and promising projects for investment.
What Is IguVerse Price Prediction?
While it is not feasible to provide a precise IGU crypto price prediction for any given period, various factors could contribute to fluctuations in the IguVerse token price, such as:
Level of Adoption
A rise in the number of participants engaging with the IguVerse game and purchasing NFTs on its marketplace may boost the value of $IGU crypto. Heightened on-chain activity elevates the demand for the crypto and could bolster the IguVerse token price.
Future Developments
The IGU to USD price may also enhance when IguVerse introduces new GameFi projects on its platform. This action could increase engagement on the IguVerse platform and motivate more players to invest in and use $IGU crypto.
New Announcements
Upon the announcement of new investments in the IguVerse project or the introduction of upgrades, investor confidence is bolstered, potentially supporting the IGU token price. Fundamental advancements, like adding new features, can make the project more appealing to users and investors.
Market Outlook
Crypto market sentiment is crucial to IGU price statistics and numerous other altcoins. A bullish sentiment or a risk-on atmosphere in the global financial markets promotes buying activity in IGU and other cryptocurrencies, bolstering the value of IguVerse. Conversely, the price of IGU crypto may be negatively influenced by a bearish market sentiment or a risk-off attitude among global investors.
How to Use IGU Token
$IGU is one of two native tokens used within the IguVerse ecosystem and has the following applications:
Governance Token
IGU holders can participate in the decentralized governance process of the IguVerse game. They enjoy voting rights and can submit their thoughts on proposals, shaping the future evolution of the game.
Native Currency
IGU coin is required for playing the IguVerse game. It is also used to mint NFTs that let users participate in gameplay on the IguVerse platform.
Leveling Up
Users must also hold and use IGU coins to upgrade their NFTs and level up in the game. While players need $IGUP tokens to upgrade their game level, they must also hold $IGU to reach a higher rank.
Staking
IGU can be staked on IguVerse by token holders to earn rewards. The rewards generated will be in the form of IGUP tokens and will come from the revenue generated by IguVerse.
Crypto Asset to Trade and HODL
Trade IguVerse token against other digital assets on crypto exchanges like BYDFi to profit from changing market conditions and volatility. IGU/USDT is the most popularly traded pair on the BYDFi spot market. However, we recommend doing your own research (DYOR) to manage risks before trading in the crypto market.
How to Stake IGU on IguVerse
You can stake IGU using the IguVerse dashboard in the following manner and earn rewards:
1. Register for an account on the IguVerse game if you are a new user. Connect your wallet to the dApp and ensure it has sufficient funds for staking.
2. Visit the IguVerse dashboard and click on the Staking tab.
3. Enter the number of IGU tokens you want to stake and select the duration to lock your tokens for staking.
4. Confirm the transaction using your wallet.
5. Sit back, earn rewards in $IGUP, and grow your crypto portfolio by staking IGU tokens on IguVerse.
Who Are IguVerses Partners?
IguVerse has partnered with several established businesses in the crypto industry, including Biswap, Kaizen Finance, Magic Square, BYDFi, Market Making Pro, Chainlink, Danu Ventures, and DAO Maker. In addition, the project has also entered a strategic partnership with OKX that will allow its team to leverage the companys products and marketing capabilities.
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