Hydax is an innovative, reliable and strong cryptocurrency trading platform in the gaming industry. Hydax is focused on the vertical market - the gaming industry and is dedicated to connecting blockchain games and cryptocurrency trading.
IGO （Initial Gaming Offering) is an ecological mechanism initiated by Hydax. The IGO project can release games through the Hydax exchange. At the same time, the Hydax exchange will promote high-quality games that have been traded at a discount, or sell financial ecology project tokens.
The list of IGO projects in the Hydax exchange has two main objectives: finding high quality assets to empower the ecosystem, and helping the Hydax community get better access to digital asset resources, and therefore the top projects can bring more users and liquidity to Hydax platform and strengthen the community ecosystem.
On August 27, Hydax officially registered the Atlas Protocol (ATP), a star program that was jointly incubated by Nebulas Labs (Nebulab) and the xGoogler Blockchain Alliance (xGBA), as the first IGO project.
Atlas Protocol (ATP) aims to build a blockchain native interactive marketing infrastructure that will facilitate the new blockchain interactive advertising mechanism. Many ATP team members are former Google employees and senior engineers. The project has received funding in a seed round led by SoftBank China Venture Capital (SBCVC) and Baidu Ventures (BV).
The strong alliance between Hydax and ATP has achieved significant success. 1,786 Hydax users participated in the sale of tokens within 30 minutes of launch and purchased ATP at 63% of the market price. ATP achieved great success in selling 492.2 million EGT in 30 minutes. It became viral in the blockchain world and has become one of the most popular projects. Then at 23:00 （UTC + 8） on the same day, Hydax officially launched the ATP / USDT trading pair. ATP surged in its first trade, almost 10 times higher than its initial bid price.
The first IGO Hydax collected 12.5 million EGT. Under Hydax's first IGO rule, 50% EGT (equivalent to 6.25 million EGT) from its first IGO project ATP was burned on 30 August 2019 at 15:00.
The first attempt by Hydax IGO achieved great success, which verified the rationality of IGO's ecological mechanism, and greatly enhanced the wealth and ecological function of the community. Hydax will list more high-quality IGO projects in the future. Recently, Hydax officially launched Echoin's 2nd IGO project on September 8th. Echoin is a public chain ecosystem built for the energy economy, which provides technical solutions for the energy industry using forward-looking blockchain technology. Echoin received tens of millions of dollars of investment from several well-known institutions including 8 Decimal, Block Capital, Genesis Group, BN Capital, etc.
Hydax 2nd IGO was also very successful. 1368 Hydax users participated in the sale of EC tokens within 30 minutes of launch, and bought EC at 50% of the market price. Echoin achieved great success in selling 543,000 EGT in a 30 minute token period, which far exceeded expectations.
In addition, Hydax has worked with strategic partners who have rich experience in the blockchain industry, such as Egretia and Lgame, to conduct a rigorous review process for IGO projects. Users can immediately purchase high-quality selected projects on the Hydax exchange and avoid huge losses due to lack of project screening experience, or third party / personal fraud. Meanwhile, Hydax will provide funding, circulation, and community support for game projects and promising financial start to ensure good development and empower the entire blockchain industry.
About Hydax:
Hydax is an innovative, reliable and strong cryptocurrency trading platform in the gaming industry. Hydax is focused on the vertical market - the gaming industry, and is dedicated to linking blockchain games and cryptocurrency trading. Hydax Exchange will provide high quality services for millions of community members around the world, facilitate the gaming industry revolution, and empower the development of the digital token economy.
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