We are thrilled to share that (YGG) is now listed on Coinhako!
What are Yield Guild Games and YGG?
Yield Guild Games (YGG) is a DAO focused on NFTs used in virtual worlds and blockchain games. YGG aims to build a virtual economy, optimizing community-owned assets for utility and sharing profits with token holders. The organization has a community of players and investors who engage in play-to-earn games, using YGG-owned NFTs directly or through rentals.
Launched in 2021, the YGG token is an ERC-20 token that allows holders to participate in governance and access various services on the network. Holders of YGG can also participate in staking, which allows users to earn passive income. The YGG DAO offers different vaults where users can stake their tokens to generate returns, such as vaults focused on Axie Infinity breeding/sales or NFT rentals.
There is a max supply of 1,000,000,000 YGG and YGG has traded for US $$11.50 at its peak.
How does Yield Guild Games work?
Yield Guild Games combines DeFi and NFTs to create a metaverse economy on Ethereum. The YGG DAO is an open-source protocol that handles governance, rewards, and NFT rentals. It consists of multiple SubDAOs for specific NFT games and regions.
YGG Scholarships
YGG DAO uses an NFT rental program called scholarships to maximize the value of gaming NFTs. This is done through blockchain smart contracts, with only the owner able to trade or transfer the NFTs. YGG provides scholarships to new players under a revenue-sharing model, giving them access to NFT assets to start earning in-game rewards without upfront investment. Scholars also receive training and guidance from community managers.
SubDAOs
Each SubDAO manages its own activity and assets that enable players to collaborate and maximize in-game profits. Guild members can rent community-owned NFTs, with lenders sharing in the rewards. All NFTs and assets are stored in the YGG Treasury, which is controlled by the community and supplies NFTs to the SubDAOs. The Treasury includes P2E assets from multiple blockchain games.
Why does Yield Guild Games stand out?
YGG DAO's yield farming differs from typical DeFi staking. Rather than fixed-rate interest, each YGG vault represents a token reward program for a specific activity, such as a scholarship program or Axie breeding.
YGG plans to create an all-in-one index vault representing its yield-generating activities. This vault will reward stakers based on the guild's revenue from subscriptions, merchandise, rentals, treasury growth, and SubDAO index performance. Token holders can stake for the activities they support, and rewards will be distributed proportionally to their YGG stake via smart contracts. Rewards may include YGG tokens, Ether, or stablecoins, depending on the vault's programming.
What can you do with YGG on Coinhako?
YGG will be available for users to trade across all swap pairs on Coinhako.
To gain access to any of these trading pairs, you can either:
- Fund your SGD wallet on Coinhako instantly with PayNow (or any other supported payment method)
- Purchase YGG instantly with Visa / Mastercard
Please note that the sending and receiving of YGG will not be available for this release.
Risk Warning on Digital Payment Token Services
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