Yield Guild Games (YGG) Token. What is it, how to buy and information

In this article we will talk about Yield Guild Games (YGG) Token, a project that has been going on for a while and that is very interesting and these days its token is rising in price. Today at Cryptoshitcompra.com we will give you all the information about this project, we will also explain how to buy YGG token and how to see its price live.

What is Yield Guild Games (YGG) Token?

Yield Guild Games (YGG) is a decentralized autonomous organization (DAO) for investing in non-fungible tokens (NFTs) used in virtual worlds and blockchain-based games. organization’s mission is to create the world’s largest virtual economy, optimizing its community-owned assets for maximum profit and sharing its profits with its token holders.

Yield Guild Games (YGG) Vision

YGG combines the best of non-fungible token (NFT) and decentralized finance (DeFi), bringing performance agriculture to gaming economies while adding value to these virtual worlds by developing the content and economics of these games.

We want to own and develop assets in the metaverse, as we believe that virtual economies will be more valuable than real world economies over time. At the same time, we want to create value in the virtual world so that our guild members thrive in a virtual environment: competitive players, artists, and content creators that populate the metaverse.

Market state

YGG is at the intersection of three markets, each of which has strong growth potential: ● NFT sales exceeded $ 2 billion in the first quarter of 2021. NBA Top Shots and NFT artists, such as Beeple , have brought the NFTs to the conventional vernacular. ● DeFi tokens reach $ 50 billion in total locked value. ● re are 70 million crypto wallet holders. ● global gaming market reached a value of $ 167.9 billion in 2020. ● rise of virtual worlds, like Decentraland, and blockchain games, like Axie. Infinity and Sandbox made a fully diluted valuation of over $ 1.8B USD.

YGG activities

YGG’s goal is to maximize the value of NFTs used in virtual worlds and blockchain-based games. Its protocol is automated by consensus-instructed smart contracts through DAO based on governance and voting proposals from a distributed network of token holders.

YGG’s activities include:

  • Build a global community of players who play to win and who play competitively to collect in-game rewards (for example, players in Axie Infinity who earn tokens for winning battles); ● Generate income by renting or selling NFT assets owned by YGG for a profit margin. (for example, reselling land on Sandbox or renting Axies to players as part of a profit-sharing caral, known as a scholarship); ● Allow the community to participate in the DAO by approving proposals and voting; ● Coordinate research and development for players in the DAO to arbitrate performance. generation by being competitive in games related to the metaverse.

DAO

DAO participants will be owners and managers of the entire YGG ecosystem. Network. Decision-making will be prorated based on the participant’s ownership of the DAO through ownership of a YGG token. tokens will represent voting rights in the DAO.

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YGG token issuance

re will be 1,000,000,000 YGG tokens minted in total. distribution of the offer will occur in multiple phases scheduled on different dates and for different purposes. assignment is as follows:

Token allocation breakdown

  • Treasury 133,333,334 (13.3% of the total allocation) YGG Treasury will have 13.3% of the total allocation of tokens with no lock-in period and no allocation condition.
  • Founders 150,000,000 (15% of total allocation) Founding team members will have a 2-year lockout period. After which, tabbed vest linearly for 3 more years.
  • Advisors 17,500,000 (2.0% of total allocation) Advisors will have a 1-year lock-in period. During the second year, the advisory tokens are granted linearly for 12 months as can be seen in the following image.

Investors (Seed and Series A)

249,166,666 (24.9% of the total allocation) Seed investors will have 20% of their allocation released at the launch of the network. 80% of your token allocation will have a 1 year lockout period and then your tokens will be awarded linearly for 1 year after the lockout period.

Series A Tranche A investors will have a 2-year lockdown. After this period, a concession of 3 calendar years. Series A Tranche B investors will have a 1-year lockdown.

After this period, 2 years. added token distribution for investors can be seen in the image below. Excess tokens, an amount to be determined, will be released during the token generation event.

YGG Token Community Allocation

450,000,000 (45% of total allocation) Distributed to DAO community members through its various community programs to be released at later dates shown in Figure 8. See “Community Programs” for more information.

Network Token Rewards

  • community will vote to activate the token-to-token rewards distribution feature. This is where we will enter betting vaults to receive the rewards directly through smart contracts on your accounts. mechanics of the distribution will be subject to the presentation of proposals. intention is to create stake vaults to earn network rewards such as APY. ● YGG will eventually launch various betting vaults that allow chip bets to earn rewards ranging from general YGG activities to a specific activity. ● A vault can also be designed to have a combination of token rewards from network activities and additional membership privileges such as discounts and exclusive merchandise. A high-level explanation can be found in the subDAO and stakeout in the Vault section of this whitepaper. ● stakeout vault mechanics released by YGG will be posted on YGG’s official site. blog channels and websites.

Early structure

founders will be the core team and the first participants of the DAO. Gradually Consists of early investors, asset owners, and players in the NFT and blockchain gaming space.

YGG token holders will eventually replace the initial team as administrators of the protocol.

Governance and voting proposals

Proposals and votes will be related but not limited to the following topics:

  1. Technology 2. Products and projects 3. Token distribution 4. Governance structure

Any member of the guild that is part of the YGG network can submit proposals through the YGG website, through the ecosystem to cast their votes. Decisions will be based on a majority of votes and implemented through a distributed system. Tokens can be awarded as a reward to the community.

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SubDAO

YGG will establish a subDAO to house the assets and activities of a specific game. Assets in the subDAO are acquired, wholly owned and only controlled by the YGG treasury through a multi-signature (multisig) hardware wallet for security reasons. Through smart contracts, the gaming community could put assets to work.

A subDAO is tokenized, where a portion of the subDAO tokens will be offered to the community.

Community subDAO token holders can submit proposals and vote on game mechanics. intention is to encourage the community to put assets in treasury management to play. This will allow community subDAO token holders to enjoy the potential advantage of the assets and returns generated from their productive play.

re is no specific property breakdown offered to the community at the time of this writing.

A separate document and report will be published when a subDAO is launched. It will contain details of the distribution of the subDAO tokens and the economic value of the assets in the subDAO wallet at fair value.

One of the current proposals to date is to include a small allocation of YGG (main DAO) tokens in selected sub-DAOs to align incentives between each sub-DAO and the main guild. After all, the more successful the subDAOs, the more successful the YGG tokens will be.

A recent example is the issuance of YGGLOK tokens.

YGG Treasury acquired League of Parcel of Land, which are kept in a controlled YGG wallet through a multisig arrangement organized by the DAO. This wallet will be tokenized in a subDAO where a portion of these tokens will be offered to the community to align incentives by providing them backwards from their game. All holders of the tokenized wallet or YGGLOK tokens can participate in the governance and access exposure to YGGLOK returns from the activities it engages in.

YGG Token Value

Tab YGG = A + B + C +… + Z

A represents the value of the index from the performance of the token generated by using the assets of each subDAO as explained in the next section “YGG as a SubDAO index”. B represents the value of all NFT assets and their reward returns. C represents the multiple of your growing user base.

rest of the functions represent YGG activities from NFT asset rental, merchandise, esports and NFT breeding activities.

As the metaverse’s NFT economy grows, especially in games, it will have a multiplier effect on the value of YGG. Aside from being positively correlated with metaverse economics, its returns are from examined projects and income-generating activities from those projects.

A breakdown of YGG’s revenues and activities are detailed in the “Value Proposition” section. YGG as a SubDAO index, a function of the value of the YGG token is derived from the earnings or value of all its subDAOs

A subDAO allows the community to put in-game assets into play.

YGG Treasury will own an indefinite% of each subDAO that contains a pool of NFT assets. community that owns the rest of the% of the subDAO will be made up of players to put the assets to play.

YGG token will reflect the% ownership of each of the tokenized subDAOs, making it a subDAO index. Where, A =% Axie SubDAO (YGGAXS) +% Lok SubDAO (YGGLOK) +… +% Zed SubDAO (YGGZED) This means that A captures the ownership weights of all subDAOs based on (1) the value of the assets in the wallet and (2) the value of productivity gained by putting assets at stake.

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How to buy Yield Guild Games (YGG) Token?

FIRST STEP TO BUY Yield Guild Games (YGG) Token

  • To buy Yield Guild Games (YGG) Token Token you have to buy it through the ETH network and then go to uniswap and buy it. To buy ETH we have to buy it through BINANCE, the best exchange in the world, once registered and verified, we will go to buy crypto, we put the currency that we are going to use to buy the ETH and the amount and we give it to buy, as and as you will see in the following image.

CLICK HERE TO ENTER BINANCE

SECOND STEP TO BUY Yield Guild Games (YGG) Token

  • Once the eth is purchased, we have to transfer the etherum to our wallet, it can be trustwallet or metamask, which we use.
  • You can see a tutorial on how to pass eth from Binance to metamask through the ETH network to do it.
  • And a tutorial on how to create a metamask portfolio and add it to the browser.

BUY ETH FROM METAMASK

  • First we go to our metamask portfolio and below the amount of ETH we have is the option to buy, we give it and we will jump to the following:
  • We give Wyre and once inside, we select our currency and the amount, we can also pay with Apple or with a debit or credit card.
  • and voila, we have our eth in our metamask portfolio.

THIRD STEP TO BUY Yield Guild Games (YGG) Token

  • Once with our ETH we enter uniswap through the following url; Uniswap and we have to import the token, in order to operate, as we see in the following image.
  • Next we have to connect our wallet and select the amount of ETH that we want to exchange for Yield Guild Games (YGG) Token and give it to exchange.

And voila, you already have it purchased.

  • I hope you liked the article and that it is helpful, any questions can leave a comment and it will be answered on the same day.

Yield Guild Games (YGG) Token Live Price:

  • In the following link they have the price in direct: Price in direct

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