Yield Guild Games is a decentralized autonomous organization (DAO) that aims to develop a virtual economy that enables players to invest and earn. It combines the functionality of NFTs and the shared online digital spaces. It focuses on yield farming, and offers player-investors yield farming strategies.
YGG is the native ERC-20 utility token of the Yield Guild Games DAO
The YGG utility token is a native ERC-20 token that manages a wide array of game-related digital assets, including virtual land parcels and virtual currency. Through these digital assets, YGG earns revenue that it shares with its members. This model is expected to grow as the gaming industry continues to evolve, and YGG will continue to actively seek out and acquire new NFTs from promising games.
The YGG DAO is divided into different sub-daos, each focused on particular games and their assets. For example, there is a SubDAO for League of Kingdoms players, another for Axie Infinity players, and a SubDAO for ZED RUN players. Token holders in the SubDAO become citizens in the game and can employ the assets that make up the DAO treasury. This allows them to boost their earning potential.
In addition, YGG is the payment medium in the Yield Guild Games ecosystem. To transact, you must first convert different tokens to YGG tokens. This makes it easy for you to conduct transactions. The YGG token has a circulating supply of 69 million units. It can be used for staking in YGG vaults, voting in governance proposals, funding the DAO Treasury, and rewarding P2E gamers. YGG tokens are distributed in phases to make it easier for users to buy and sell YGG tokens.
The Yield Guild Games DAO is a unique project that successfully combines the nuances of blockchain technology and the game industry. It incorporates aspects of metaverse gaming, decentralized finance, and non-fungible tokens, making it appealing to both gamers and investors. The YGG project is also a great way to get new people involved with the play-to-earn industry.
YGG is an ERC-20 utility token that is backed by the assets of the Yield Guild. As the project progresses, it will eventually transition into a full-fledged DAO. As the DAO is a new endeavor, the YGG token will be used as the governance token, but eventually it will become the primary currency of the Yield Guild Games ecosystem.
There are a variety of exchanges that offer the YGG token. One of the largest providers is Binance, where YGG can be purchased. Binance supports both Market Order and Limit Order transactions. While a Market Order lets you purchase tokens immediately, a Limit Order requires the price to reach a specific price before it is executed.
While most guilds focus on the players, YGG puts more emphasis on profit. Its unique business model enables it to produce real monetary value through the development of new virtual worlds while supporting the emerging digital economy. By investing in these games, YGG builds an engaged gaming community and distributes in-game rewards to players. Additionally, it offers training and education for players who play the games.
To create this kind of community, YGG must have a large user base and a thriving community to succeed. With the growing popularity of shared online gaming spaces like the Metaverse, the market for such services is enormous and growing faster than ever. As more people become involved with play-to-earn gaming, YGG could be back in the crypto news in the near future.
Yield Guild Games is a cooperative society on blockchain that lends NFTs for participation in game activities. The goal of the Yield Guild Games is to expand worldwide. To achieve this, the company invests in high yielding metaverse NFTs. This makes the activities within a guild attractive to the community. The community, in turn, can grow along with Yield Guild Games.
The Yield Guild Games DAO uses an entirely different yield farming strategy than most DeFi staking platforms. Instead of staking tokens for fixed interest, the YGG DAO rewards stakers based on their activity, such as scholarship or Axie breeding programs. The YGG DAO also plans to create an all-in-one super index vault, which will reward stakers based on the guild’s revenue.
YGG tokenholders own and govern the protocol
YGG is a cryptocurrency with a unique system of operation. YGG tokens can be staked in a single YGG vault, or any number of YGG vaults. The YGG system rewards token holders from all YGG activities. Tokens in the YGG vault can be used to outfit characters or to increase earning potential. YGG also has several SubDAOs that govern specific NFT games and geographical areas.
YGG tokens can be purchased on cryptocurrency exchanges like Binance. Choose the classic trading mode or advanced trading mode, and search for Yield Guild Games (YGG) or YGG/BUSD. Alternatively, you can use the YGG/BTC pairing to buy the YGG token on Binance.
The YGG token is the payment medium for everything in the network. To complete transactions, different tokens must be converted into YGG tokens. The founders of Yield Guild Games started out as core members of the DAO and then slowly evolved into early investors, asset owners, and players in the blockchain gaming space. Eventually, the token holders will replace the founding teams as administrators of the protocol. They will have a say in the governance structure and submit proposals.
The Yield Guild Games protocol is built on the ERC-20 token standard and is based on Ethereum. YGG tokens are used for governance in the YGG DAO, and they can be used for yield farming and liquidity mining on other DEXs. YGG tokens are also used to participate in various activities in the YGG ecosystem, including voting on decisions made by the YGG DAO.
In addition to the YGG DAO, there are many SubDAOs. Each one oversees its own assets and contributes a percentage of its earnings to the YGG DAO. This allows a YGG DAO to generate a unique sense of community within localized locations.
The YGG DAO has five main types of token holders: founders, advisors, treasury, investors, and community. Community is an important part of the YGG DAO, with 45% of the supply reserved for community activities. YGG community members are also entitled to earn YGG token rewards.
To make YGG a viable and profitable company, it must have a large user base and active community. The popularity of shared online gaming spaces like the Metaverse has increased, and this trend is expected to continue. With this growth, the market for services like YGG will only continue to grow. If YGG is able to capture a large enough percentage of this market, YGG could soon be back in the cryptocurrency news.
In addition to NFTs, YGG tokens also grant ownership of virtual lands and cars in games such as Axie Infinity. In addition to YGG DAO assets, YGG DAO has SubDAOs. These subDAOs are local communities within the main YGG DAO. These communities contain players from specific P2E games. For example, there is a SubDAO dedicated to Southeast Asian players, which allows players to exchange strategies and maximize performance.
The YGG DAO is a decentralized application using the DAO and P2E models. It uses intelligent contracts running on the Ethereum blockchain. These contracts distribute incentives and enable guild member governance. The YGG DAO uses a scholarship program that benefits NFT owners and play-to-earn gamers.
The YGG DAO also uses a unique yield farming model. Unlike most DeFi staking platforms, YGG DAO rewards stakers for specific activities, such as scholarship programs or Axie breeding programs. The YGG DAO also plans to develop a super index vault that will reward stakers based on their guild’s revenue.