Yield Guild Games

Yield Guild Games (YGG): The Play-to-Earn Gaming Guild Token

What is Yield Guild Games (YGG)?

Yield Guild Games (YGG) is a decentralized autonomous organization (DAO) that invests in NFTs used in blockchain-based games and virtual worlds. Founded in 2020, YGG functions as a play-to-earn gaming guild, bringing players together to earn via blockchain games. The YGG token is the governance token of the Yield Guild Games ecosystem, allowing holders to participate in decision-making processes regarding the guild's operations, investments, and future direction.

How Does Yield Guild Games (YGG) Work?

The Yield Guild Games ecosystem operates through a unique model:

• YGG acquires valuable in-game NFT assets from various blockchain games.
• These assets are loaned to guild members ("scholars") who cannot afford to purchase these assets themselves.
• Scholars use these assets to play games and earn rewards.
• The earnings are split between the scholar, the guild, and community managers.
• YGG token holders can vote on proposals regarding investments, treasury management, and overall governance.

This model creates a symbiotic relationship that benefits all parties involved while making play-to-earn gaming accessible to more people, particularly in developing countries.

YGG Staking and Yield Opportunities

Yield Guild Games (YGG) offers various ways for token holders to earn passive income:

Staking YGG

YGG implements staking mechanisms that allow token holders to lock their tokens and receive rewards. By staking YGG tokens, holders can earn additional YGG tokens or other rewards, depending on the specific staking program. Stakers also gain increased voting power in the DAO governance, giving them more influence over important decisions.

Mining and YGG

Traditional mining (as seen with Bitcoin or Ethereum) is not applicable to YGG, as it's an ERC-20 token built on Ethereum. However, YGG community members can "mine" value in a different sense by participating in guild activities, playing games, and earning rewards through scholarship programs. This represents a human-powered form of "mining" that generates value within the ecosystem.

What is YGG Used For?

The YGG token serves multiple purposes within the ecosystem:

• Governance: YGG token holders can vote on proposals and help shape the future of the DAO.
• Staking: Holders can stake tokens to earn rewards and increase their governance power.
• Access: The token provides access to exclusive opportunities, NFT drops, and game assets.
• Revenue Sharing: In some cases, token holders may receive a portion of the guild's earnings.
• Community Membership: Holding YGG represents membership in the broader guild community.

YGG Token Distribution and Launch

Yield Guild Games (YGG) launched its token in July 2021 with a total supply of 1 billion YGG tokens. The initial distribution was structured as follows:

• Initial DEX Offering (IDO): 6% of tokens were sold through a public sale.
• Team and Advisors: 20% allocated to the founding team and advisors, with vesting periods.
• Community Treasury: 45% reserved for the YGG community treasury.
• Investors: 15% allocated to early investors with vesting schedules.
• Game Developer Fund: 4% set aside for game development partnerships.
• Community Incentives: 10% allocated for community growth and rewards.

The distribution model was designed to ensure long-term alignment between team members, investors, and the community, with significant vesting periods for team and investor allocations.

Trading YGG with Cryptohopper

Yield Guild Games (YGG) is available for trading on multiple cryptocurrency exchanges. Investors and traders can easily access and trade YGG using Cryptohopper's automated trading bot, which offers advanced trading strategies and portfolio management features. Whether you're a beginner or experienced trader, Cryptohopper's platform allows you to trade YGG and other cryptocurrencies efficiently across various exchanges without the need for constant manual monitoring.

The Future of Yield Guild Games (YGG)

As the play-to-earn gaming sector continues to grow, YGG is positioned to expand its influence across multiple blockchain games and metaverse platforms. The guild has already established partnerships with leading blockchain games including Axie Infinity, The Sandbox, League of Kingdoms, and many others. With its community-focused approach and innovative economic model, Yield Guild Games (YGG) represents a significant development in how value and ownership function in virtual economies and gaming communities.