What is Yield Guild Games?
Yield Guild Games is a decentralized autonomous organization (DAO), established to invest in non-fungible tokens (NFTs) for use in virtual worlds and blockchain games. The role of the organization is to create the largest virtual world economy, maximize utility and profit for YGG holders by optimizing the assets owned by the community.
Vision of Yield Guild Games
By combining NFT and decentralized finance (DeFi), Yield Guild Games brings yield farming to the gaming economy and add value to the virtual world. Yield Guild Games aspires to own and develop virtual world assets, as they believe that the virtual world economy will be more valueable than other real world economies over time.
Activities của Yield Guild Games
With the goal of optimizing the value of NFT and blockchain games, YGG’s protocol is automated by smart contracts. The consensus mechanism will be through the DAO, based on the governance proposals and votes of a distributed network of holders.
- Build an international community of play-to-earn gamers who want to compete and earn in-game rewards (e.g. earning tokens for winning battles in Axie Infinity)
- Generate revenue by renting or selling NFTs owned by YGG (e.g. selling land in The Sandbox or leasing Axies)
- Allow the community to participate in the DAO by approving the proposal and voting
- Coordinate game research and development in DAO to collect the arbitrage
Business model of Yield Guild Games
- DAO’s main source of revenue comes from YGG-owned NFTs through rental programs, helping users exchange assets for rewards with YGG tokens.
- For in-game assets such as land, revenue is earned from third parties that have economic activity on that land.
- Ownership of NFT will benefit as in-game assets increase in value
Selection criteria of Yield Guild Games
YGG will choose to invest in a play-to-earn game project if it meets the following criteria:
- A virtual land-based economy which can be acquired
- A virtual economy has a native token
- Play-to-earn features allow players to be rewarded with native tokens for participating in in-game activities
Launch plan of Yield Guild Games
During the launch phase, YGG will focus on play-to-earn games with great potential and thriving communities:
- Axie Infinity developed by Sky Mavis
- The Sandbox developed by TSB
- League of Kingdoms developed by NPlus
As the play-to-earn trend develops, YGG’s portfolio will expand to other games that meet the above criteria and other yield requirements governed by the DAO.
Token YGG
YGG tokens can be staked in Yield Guild Games to:
- Pay for services in the network
- Get rewards in the game
- Participate in DAO governance and voting
- Participate in exclusive purchases and contents
Specifications
- Ticker: YGG.
- Blockchain: Ethereum.
- Token Standard: ERC-20.
- Token Type: Utility, Governance.
- Total Supply: 1,000,000,000 YGG.
- Circulating Supply: 67,911,948 YGG.
Token Allocation
- Community: 45%
- Investors: 24.9%
- Founder: 15%
- Treasury: 13.3%
- Consulting team: 1.85%
YGG token Price today
How to buy YGG
Yield Guild Games (YGG) has been listed on Attlas Exchange.
Traders can easily and securely buy YGG with lowest fees on Attlas Exchange.
Step 1: Download the app and register an account
Step 2: Select Market on the toolbar at the main screen
Step 3: Select Spot
Step 4: Find YGG
Step 5: Select Buy
Summary
This article is an overview of Yield Guild Games (YGG), not a financial advise.
Users are advised to do their own research before making any trading decisions.