What is YGG coin? What does YGG coin mean?

YGG Coin (YGG) is the native token of YGG (Yield Guild Games), a play-to-earn gaming guild that invests in gaming startups and provides services to gamers.

Oct 25, 2024 at 09:37 pm

What is YGG Coin?1. Overview

YGG (Yield Guild Games) is a play-to-earn (P2E) gaming guild and venture capitalist firm that invests in gaming startups and provides services to gamers. Its native token, YGG, is used for various purposes within the YGG ecosystem.

2. YGG Gaming Platform

NFT assets: YGG players can rent out their gaming NFTs and earn rewards.
Scholarships: YGG provides scholarship programs to players from emerging markets, allowing them to access the revenue-generating opportunities of P2E games.
SubDAO system: YGG is decentralized with a community-driven governance model. SubDAOs allow members to create their own gaming communities and manage their activities.

3. YGG Investment Platform

Game startups: YGG invests in early-stage gaming companies to support the development of innovative P2E games.
Gaming protocols: YGG also invests in blockchain projects that provide infrastructure for the gaming industry.

4. YGG Token Utility

Governance: YGG holders can participate in decision-making processes through the SubDAO system.
Rewards: YGG is distributed to SubDAO members for their contributions to the ecosystem.
Marketplace fees: YGG is used to pay fees for trading NFTs and other assets on the YGG marketplace.
Staking: YGG holders can stake their tokens to earn passive income.

5. YGG Tokenomics

Total supply: 1 billion YGG
Circulating supply: 416.5 million YGG (as of March 2023)
Token distribution: 30% to community and team, 24% to ecosystem growth, 24% to reserves, 12% to founders, 8% to advisors and investors
Release schedule: YGG tokens are released gradually over a four-year period.

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