Yield Guild Games is at the forefront of the blockchain gaming revolution, offering a virtual world where players can earn real income by participating in various games within the ecosystem. YGG operates on the principle of a decentralised community, where members, also known as guild members, come together to invest in NFTs (Non-Fungible Tokens) used in virtual worlds and blockchain-based games.
The core idea behind YGG is to create a global community of gamers and investors who pool their resources to invest in digital assets that can be utilised across multiple games. These assets include but are not limited to characters, land, and items, which are essential for participating in different P2E games. By leveraging these assets, members can earn rewards, which are then distributed among the community based on their contribution and participation level.
The YGG Token: A Catalyst for Economic Activity
At the heart of the YGG ecosystem lies its native token, YGG. This ERC-20 token serves multiple purposes within the ecosystem, acting as a utility and governance token. Token holders can participate in governance decisions, influencing the direction and development of the guild. This includes decisions on investment strategies, new game partnerships, and utilisation of the guild's treasury.
The YGG token also plays a vital role in incentivising participation and contribution within the community. Players can earn YGG tokens by engaging in various games and activities within the ecosystem, which can then be used for purchasing in-game assets, staking to earn additional rewards, or participating in exclusive events and tournaments organised by the guild.
Tokenomics of YGG
YGG's unique business model generates real-world value by creating and supporting digital economies within virtual worlds. The primary income for the DAO platform comes from the ownership of YGG-owned NFT assets, which can also be rented out. These assets, used as trading currency in various games, help guild members to earn in-game rewards. Non-guild members can also generate revenue by renting virtual lands owned by YGG for their economic activities.
The tokenomics of YGG are designed to ensure sustainable growth and value accrual for the ecosystem and its participants. The total supply of YGG tokens is capped at 1 billion, with a distribution as follows: 45% to the community, 13% to the treasury, 24.9% to investors, 15% to founders, and 1.85% to advisors. This distribution reflects a commitment to community involvement and a balanced approach between the needs of investors, founders, and advisors.
Furthermore, YGG employs staking mechanisms and yield farming opportunities, allowing token holders to lock up their tokens in exchange for rewards. This not only incentivises holding but also helps stabilise the token's economy by reducing the circulating supply, potentially leading to an appreciation in value.
YGG has conducted several funding rounds to support its growth and development. These rounds include a main sale, venture rounds, and series A funding, where significant amounts were raised to fuel the project's objectives.
Conclusion
Yield Guild Games represents a novel amalgamation of gaming and decentralised finance , offering a unique opportunity for gamers and investors to converge in a productive and profitable ecosystem. The YGG token stands at the core of this ecosystem, facilitating governance, incentivisation, and economic transactions. With a well-thought-out tokenomics structure, YGG aims to sustain its growth, reward its community, and establish itself as a pivotal player in the blockchain gaming and P2E space. As the project continues to evolve, it will be interesting to see how it adapts and expands within the rapidly changing landscape of digital assets and decentralised communities.
Through this integration, SwissBorg users gain access to a new DeFi product in the gaming sphere, and Yield Guild Games token holders can now enjoy the ease of buying, selling, and exchanging cryptocurrencies with 16 different fiat currencies, such as EUR, CHF, and GBP. Further, this integration greatly enhances the accessibility and usability of YGG, promoting wider participation and simplifying the investment process.
