In this article, we would like to introduce Yield Guild Games known as a GameFi DAO that concentrates on P2E (Play-to-earn) games. We'll be covering the following topics:
What is Yield Guild Games? How does YGG work?
- YGG Tokenomics and How/Where to earn and store YGG tokens?
- Roadmap & Updates.
- Team members, Investors, and Strategic Partners.
Let's explore the potential of YGG!
What is Yield Guild Games?
Yield Guild Games (YGG) is a GameFi DAO that concentrates on Play-to-Earn games, especially Axie Infinity, and is similar to an eSports team. It has been operating since December 2020. Yield Guild Games is a decentralized autonomous organization (DAO) that promotes blockchain-based games by allowing users to invest in virtual worlds using NFTs.
How does Yield Guild Games work?
Gaming Portfolios of Yield Guild Games
One of YGG's main activities is the rigorous process of evaluating games for inclusion in portfolios, which requires many conditions. I believe this is necessary since then to ensure profits for both investors and players.
- It is possible to purchase a virtual land-based economy.
- A virtual economy with its own cryptocurrency.
- Players are rewarded native tokens for in-game activities when they use the play-to-earn feature.
- Projects and games that have a lot of support from the community.
- They concentrate on NFTs.
- Players control their in-game assets, which they can use, loan, trade, and sell.
- The games include a high yield component, allowing players to earn money.
- To encourage collaborative work, they have a guild, team, or league component.
As a retail investor, you can analyze and answer why these games were added to YGG's portfolio. From there, you will have a lot of experience to evaluate any game.
DAO & SubDAO Models
Play-to-Earn games have changed the connection between the player and the game. It has always been a one-way street, with athletes earning little pay for their efforts. P2E, on the other hand, allows users to make money based on how much time they spend playing the game.
The main DAO is Yield Guild Games, with a second layer called subDAO. Within the main DAO, each subDAO symbolizes a gaming division. Yield Guild Games, like any franchise business concept, has a 10% take-rate from each subDAO who wants to use the Yield Guild Games name.
In each subDAO, there will be 3 main components, including:
- Manager: A manager is someone who knows everything about SubDAO's game.
- SubDAO token: this token represents ownership of existing assets and profits in that subDAO.
- Wallet: Contains existing SubDAO assets.
It's possible that the franchised subDAO may continue to expand and eat into Yield Guild Games' cash stream from its own scholarship program.
What is YGG token?
YGG is the game's native token.
YGG Key Metrics
- Token Name: Yield Guild Game.
- Ticker: YGG.
- Blockchain: Ethereum.
- Token Standard: ERC-20.
- Contract: 0x25f8087ead173b73d6e8b84329989a8eea16cf73
- Token Type: Utility, Governance.
- Total Supply: 1,000,000,000 YGG.
- Circulating Supply: 69,075,036 YGG (7%).
YGG Token Allocation
- Community: 45%.
- Investors: 24.9%.
- Founder: 15%.
- Treasury: 13.3%.
- Advisors: 1.85%.
YGG Token Release Schedule
YGG Token Sales
- IDO platform: MISO.
- IDO price: $0.2.
- Tokens For Sale: 25,000,000.
- Raised: $12,500,000.
YGG Token Use Cases
YGG tokens can be used for the following:
- Yield farming: Users can supply liquidity to LPs on other DEXs in order to collect liquidity mining awards (such as SushiSwap) and a portion of the DEX transaction fees.
- Governance: YGG token holders will be able to vote and participate in the DAO.
- Transaction fees: YGG tokens can be used to pay for services in its network.
How to get YGG Token
Yield Guild Games will airdrop YGG tokens to individuals who contribute to the development of their community.
How to buy YGG Token
You can buy YGG on listed exchanges such as:
- DEX: Uniswap, SushiSwap,...
- CEX: Binance, Gate.io, OKEx...
Alternatively, you can use Coin98 Exchange to swap other tokens for YGG by clicking the Swap button at the end of the article.
Learn more: How to use Coin98 Exchange
How to store YGG Token
You can store YGG on Coin98 Wallet with these steps:
Step 1: Open Coin98 Wallet & click Search Icon on the home screen.
Step 2: Search YGG Token.
Step 3: Click on the correct result at Receive Tab, copy the wallet address and send YGG to this address.
Team, Investors, and Partners
Gabby Dizon - CEO / Co-founder: Mobile gaming since 2004; blockchain since 2018. In 2014, Gabby founded the Manila-based game studio, Altitude Games, which released the blockchain game Battle Racers in 2019. He is a recognized leader in NFT gaming, an active member of Axie Infinity and Yearn Finance communities, and a board member of the Blockchain Game Alliance.
Beryl Li - CFO / Co-founder: Blockchain since 2014. Cambridge University Alumna and President of Cryptocurrency Society 2016; FX Quants GCP at BlackRock Asset Management; Entrepreneur In Residence at Coins.ph (Acquired by GoJek); Co-founder at CapchainX (Acquired by SMKG: OTC US); Consultant to licensed financial institutions.
Owl of Moistness - CTO / Co-founder: Dev since 2016, blockchain since 2018. Built a breeding
algorithm for Axie Infinity and many bots on discord to integrate the blockchain for NFTs. Wrote smart contracts to integrate discord tipping, a token wrapper for deflationary tokens, and farming strategies to the standard of yVaults.
YGG has secured $1.325M in a seed round led by Delphi Digital 6 and $4M in an A round led by Bitkraft.
The GameFi projects added to Yield Guild Games's portfolio are also the main partners of Yield Guild Games.
Is Yield Guild Games (YGG) a good investment?
Yield Guild Games was a pioneer in the development of GameFi Guild. Despite the fact that several similar initiatives have since been established, YGG still has a competitive advantage. YGG already has 18 top GameFi in its category, and its platform has over 1 million users.
Furthermore, it’s important to note that the NFT gaming scene has erupted as players from all around the world are participating in this billion-dollar economy.
As such, blockchain gaming is now a primary force driving cryptocurrency adoption in 2021. So, Gamefi Guild is an area that will grow even more in the future. Because it solves the needs of both big investors and gamers.
GameFi is now experiencing FOMO (Fear Of Missing Out) signs from the market. Before adding YGG to your portfolio, you should carefully monitor the crypto market's movement and determine the proper price range for your entry.
Disclaimer: All the information in this article is only for information purposes and should NOT be considered investment advice. Investing in Crypto contains hugely high risks, and you should only invest the fund you are willing to lose.
GuildFi (GF): GuildFi is the interconnected Web3 ecosystem of games, NFTs and communities, with an aim to maximize players’ benefits and enable interoperability across the metaverse.
Avocado Guild: Avocado Guild is a metaverse gaming company that aims to make a real difference through empowering and educating people around the world on blockchain gaming technology.
Merit Circle (MC): Merit Circle is a decentralized autonomous organization (DAO) that invests in play-to-earn games and utilizes the DAO's NFT assets by lending to players.
So I have provided you with the latest information from Yield Guild Games and YGG Token. If you're interested in other GameFi besides YGG, please leave a comment below. Coin98 will research the projects and publish articles about them.