The IG Effect — Partner Tokens Sold Out in Weekend Galactic Grand Exchange (GGE)
Over the weekend, we successfully launched our Galactic Grand Exchange (henceforth known as GGE) where we enabled the exchange of TRC20 tokens within the IGGalaxy. It also provided an opportunity for many of our community to interact with our co-founders and core team to ask any questions they may have. Transparency is important to us as it dispels any FUD —and there is no better way than to do so by getting an insight of an organisation from the horses mouth.
Without a doubt, the GGE was a resounding success. The tokenisation of our partners infrastructure has proven to provide hugely positive and tangible results. We expect these results will entice a significant number of non-endemic and endemic organisations. We are proud to provide you with the results and the future impact of the Telegram GGE below:
GGE Results Overview
- Over 3.5 million TRX exchanged for approximately 200m IGG
- 100m IGG exchanged for 60m of our partner tokens (MGG, TEG & GSG)
1st Round of Partner Token Exchanges:
- All partner tokens had 10m of their tokens listed in the GGE, enabling users to exchange IGG for these exclusive tokens at a hugely favourable rate. This began on Saturday morning (UK time)
- All 3 of our partner tokens were sold out within several hours of the GGE opening. MGG sold out within 2 hours!
2nd Round of Partner Token Exchanges:
- Once all partner tokens were sold out within the first few hours of the first day of the GGE, we decided to list another 10m — this time at a different rate.
- As a result of the astonishing support from the IG community for all our partners, this second batch was sold out by early Monday.
IGG Raised by Partners:
Mazer Gaming (MGG) : 40m IGG
Tron Esports (TEG): 30m IGG
GSIN Esports (GSG): 30m IGG
NB. IGG raised will be held in a wallet that will be excluded from the upcoming 1 billion airdrop. We will work with our partners to provide all the community with a distribution plan of the raised IGG, providing clarity as to how it will be used to scale up and facilitate their plans.
Furthermore, we will also work with our partners to provide a more comprehensive plan about their plans to adopt esports into the IG ecosystem and onto the Tron blockchain.
Benefits of Weekend GGE to Partners
- Huge exposure and support from the IG and Tron community
- Own bespoke token that provides for a unique value proposition to their current and future communities.
- Significant IGG tokens raised to enable them to carry out their exciting plans for adopting esports onto the Tron Network, via our platform.
All our partners have experienced significant growth in engagement across all channels as our Galacticans are in full force supporting our partners. Simply looking the impact to all of our partner Telegram groups demonstrates the success of our plans to integrate them into the Tron ecosystem. We had Galacticans purchasing our partners merchandise and sharing their social media on Twitter. It was amazing to see!
The numbers below have been built from ground level. All these groups are less than a few weeks old:
- Mazer Gaming — 623 member
https://tronscan.org/#/token/MGG Mazer Gaming is a professional esports organisation partnered with Intergalactic…t.me
- Tron Esports — 516 members
https://tronscan.org/#/token/TEG Tron Esports is a professional esports organisation partnered with Intergalactic…t.me
- GSIN Esports — 689 members
https://tronscan.org/#/token/GSG GSIN Esports is a professional esports organisation partnered with Intergalactic…t.me
Positive engagement from a significant proportion of our community was also further demonstrated last night as we announced our partnership with TronWallet. Our new partner’s Telegram group increased from around 250 members to over 580 members presently — all in less than a day! See more about our partnership below:
Today, we are proud to announce another IG partnership — but this time, one that is non-endemic to esports, for now…medium.com
IMPACT OF THE WEEKEND GGE:
Earlier this month, we announced our plans to tokenise the esports landscape — starting with Mazer Gaming. Since then, we now have 3 partners that are adopting our tokenised infrastructure. Each partner has 100m issued tokens bespoke to their brands and exclusive within the IGGalaxy. These partner tokens will be eventually multilaterally exchanged with other tokens within the IGGalaxy, including IGG. This will be implemented in our platform — more information on this later!
This limited Telegram GGE was to provide a demonstration of the flow of value throughout the present unilateral ecosystem. TRX was being traded for IGG. IGG was being traded for our partner tokens. Furthermore, the rationale was to provide a demonstration of a vital component within our platform and digital esports economy infrastructure — the GGE!
The GGE will facilitate the exchange of value between stakeholders. Users will be able to utilise IGG in consideration for listed products or services. These listed products or services will be from ourselves and other approved stakeholders, including our partners. It is much more than just a market place; it will essentially facilitate the flow of value throughout the liquid IG ecosystem.
The GGE will drive merchandise revenue across the esports landscape for individuals or entities that may have struggled otherwise. For example, the GGE on our platform will enable users to buy their favourite teams apparel, in IGG, via secure smart contracts. Or perhaps you need some training ahead of a tournament? Pay in IGG for some lessons from an approved coach.
This GGE should begin to paint a picture of this vital component within our infrastructure. The tokenised infrastructure, along with our planned GGE on the platform, will enable use to tailor the activation of any of our current and future partners within the esports and blockchain landscape. This is important for adoption. The possibilities are endless for non-endemic and endemic services.
The beauty of esports is that it converges various established industries. This we will also demonstrate. Please be patient as we roll out more news and information over the coming weeks. Big things ahead for esports, Tron and the IGGalaxy!
DISTINCTION BETWEEN IG & IGG — See our thread posted last night:
Please follow us on our various social media channels to keep up to date with developments:
IG TELEGRAM GROUPS
https://t.me/IGAnnouncements — ANNOUNCEMENTS CHANNEL
https://t.me/IGgge — Galactic Grand Exchange (GGE)
https://t.me/IGG_English — ENGLISH (MAIN)
https://t.me/IGG_Korean — KOREAN
https://t.me/IGG_Spanish — SPANISH
https://t.me/IGG_German — GERMAN
https://t.me/IGG_French — FRENCH
https://t.me/IGG_Dutch — DUTCH
https://t.me/IGG_India — INDIA
Esports Telegram Groups:
https://t.me/IGFIFA — FIFA
https://t.me/IGRocketLeague — Rocket League
https://t.me/IGFortnite — Fortnite
https://t.me/IGOverwatch — Overwatch
https://t.me/IGNHL — NHL
Fantasy Football Telegram Groups:
https://t.me/IGNFL — NFL
https://t.me/IG_FF — Fantasy Football (BPL)
Partner Telegram Groups:
https://t.me/MazerGaming — Mazer Gaming LLC
https://t.me/TronEsports — Tron Esports Ltd
https://t.me/GSINesports — GSIN Esports
https://t.me/TronWalletMe — Tron Wallet Me