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IOI-game SWOT Analysis  Game Industry  IEO)


IOI-game is a novel innovative platform powered by blockchain technology where users are introduced multiple packages and services to enjoy. The project integrates services such as cryptocurrency social trading, crypto asset portfolio tracking together with elements of gamification and gambling tailored for the gaming community. Users are allowed to play racing games while also able to enjoy social trading by interacting with other members and copying their trading patterns. The gamers who add value to the IOI-game platform by playing the game, reviewing it or promoting it are rewarded with IOI tokens.

Read on to learn about the business analysis of the project (Strength, Weaknesses Opportunities and Threats)

IOI-game SWOT Analysis

SWOT analysis details the potential of a project.

The most important strength of the IOI-game platform is the value additive that the project is offering to the cryptocurrency community. The project has designed a network with features particularly aimed for the entertainment industry. Not only is the company building a blockchain game with amazing reward structures for it's ecosystem, IOI-game has also packed its project with other features that keep the users occupied and rewarded. Below are some of the features of the IOI-game project;

  • Social trading
    Social trading is designed to allow the users to interact and form bonds that improve their trading skills. This feature is provided so that users can trade cryptocurrency easily on the platform. Beginner traders can learn trading patterns from experienced traders to improve their trading skills.
  • Gaming
    A gamification feature is added to the IOI-game network for users to enjoy trading. Conventional daily trading is boring and a thing of the past. Daily trading will take place in so-called 24 hour races. Players can select cars, fuel it up with best performance coins that will be used as GAS and become the winner of the race. Every day you reach new levels, receive ratings and attract new fans who can help you earn more. They can copy your daily trading patterns in races and profit on your wins.

Another strength of the project is the team. Many blockchain projects are launched by new faces with very little experience about running a blockchain company or as often the case; with the aim of scamming the crypto community — such teams are off-set as they try to compile a list of advisors with attractive portfolios. However, IOI-game team has decades of experience and there isn’t a need to assemble huge number of advisors.

IOI-game is offering a great benefit to the gaming community as the projectvis gamifying cryptocurrency trading with integration of racing game. However, the vast portion of new blockchain projects suffer adoption, this is often due to lack of large iserbase.

However, IOI-game is a platform designed to grow grow, since users are rewarded for racing on the platform and also for promoting the platform. The gaming community loves to earn while they enjoy their games; and if IOI-game can leverage this number and motivate them with good reward structure, the project stands a chance at dominating the market share of even the biggest names in crypto trading and gaming.

The gaming community is massive, and there’s a lot of growth still to be seen in this space as the community keeps growing with more people entering into gaming daily. Moreso, people are embracing blockchain more rapidly, especially the dApps built on it. Hence building a network that allow gamers to trade cryptocurrency and develop their trading skills could veryich capture the interest of the community.

Going by the structure of the IOI-game that integrates the blockchain and gaming. And given the interest of project teams in the gaming community, many teams are launching solutions aimed for the gaming community. And while it is true that a gaming product could attract fast adoption because of the huge community, competition is stiff and a battle of dominance could develop as many products and solutions are now targeting the same group of people.

However, vast majority of the products targeted at the gaming community are hugely still in development. IOI-game on the other hand has an MVP (in beta). Also the project has an experienced team powering it so if the development is channeled properly, not only could the project beat other products, it would also have enough of a head start to adopt the competitive edges of other blockchain-based gaming products.

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