Exchange Yield Guild Games (YGG) at the Best Rates

YGG Crypto: Exploring Web3 Games at Their Finest

The industry of Play-to-Earn games has been the talk of the town for a while now. It is a business model that works on blockchain technology. Put simply, players can play a game and potentially earn cryptocurrency. At any moment, players can transfer their hard-earned assets to the real world and sell them for cryptocurrency or real money on their own terms. One of the companies that develops its own Play-to-Earn games is Yield Guild Games. Let’s take a closer look at the Yield Guild Games project, its main coin $YGG and find out more about their origins.

What Is Yield Guild Games?

As mentioned above, the Yield Guild Games (YGG) gaming guild specializes in blockchain Play-to-Earn or P2E games. It is a network that brings together blockchain players from all over the world and invests in NFT assets. Their objective is to create a community of investors and gamers who support one another's growth in the NFT gaming industry.

In essence, Yield Guild Games is a Decentralized Autonomous Organization (DAO) that invests in NFTs used in blockchain games. These video games are a component of the metaverse, a more comprehensive idea. The multiple components of blockchain-based virtual worlds, such as virtual real estate, virtual assets, and more, are collectively referred to as the ‘metaverse.’ In 2021, the DAO announced a partnership with BlockchainSpace, a tool giving tracking information to guilds.

Decentralized Finance and NFTs are combined by Yield Guild Games to build a metaverse economy on the Ethereum blockchain. Smart contracts are used to enforce the rules of the open-source YGG DAO protocol. It accomplishes a variety of tasks, including implementing community-approved governance choices, awarding incentives, and facilitating NFT rentals.

A number of SubDAOs, or groupings of players from a certain NFT game or geographic area, make up YGG. For the purpose of managing the activity and resources of each Play-to-Earn game, each SubDAO has its own set of rules.

Using this technique, players of the same NFT game can cooperate to increase their in-game earnings. Guild members can also rent out and use the NFT assets that are owned by the community to get in-game incentives. In exchange, those that lend their NFTs through the DAO can get a cut of what the players make.

All digital assets and NFTs on YGG are kept in the YGG Treasury, which is administered by the community. Each SubDAO receives NFTs from the treasure, which also contains P2E assets from several blockchain games.

Yield Guild Games: History

2018 saw the emergence of the concept of a global Play-to-Earn gaming community. The co-founder and CEO of YGG, Gabby Dizon, realized that blockchain gaming was popular in Southeast Asia. Many players at the time wanted to start playing the well-known NFT game Axie Infinity, but they lacked the funds to purchase the in-game NFT characters known as Axies, digital monsters you can fight in the game Axie Infinity. By playing this game a lot, you could earn decent money. In fact, many players began to earn more money over time than they had at their former jobs. Because of this, the founders saw the potential of this setup and helping people became a driving force for the guild.

Dizon began lending his Axies to other players who couldn't afford to buy their own, realizing that blockchain gaming can be an empowering tool for those living in underdeveloped nations. He was motivated by this to launch Yield Guild Games with Beryl Li in 2020 so that players might prosper in the NFTs and blockchain gaming industries.

The gaming guild manages a large number of P2E gaming-related NFTs and other digital assets, which members of the guild can use to increase income. Axie Infinity is a well-known example of a game in which YGG has invested but there are other well-known examples, including: 

1. Illuvium (ILV).
2. Splinterlands (SPS).
3. The Sandbox.
4. Star Atlas (ATLAS)

YGG is attempting to accomplish a variety of things with the games mentioned above as well as numerous others. For instance, the guild wants to expand and serve millions of gamers around the world. One method they want to achieve this is by making investments in high-yield metaverse NFTs and attracting the community to the guild's events so that both the guild and the community can expand.

YGG Vault

Unlike the majority of DeFi staking systems, the YGG DAO takes a distinct approach to yield farming. Tokens are typically staked in order to receive fixed-rate interest. Each vault on YGG is a token incentive scheme for a particular activity that YGG runs. For instance, whereas one vault may reward stakers based on the success of the Axie breeding program, another vault may offer payouts depending on the achievement of a scholarship program.

In addition, YGG intends to create an all-encompassing super index vault that will represent all of the ecosystem's yield-generating operations. Based on the guild's earnings from subscriptions, products, rentals, treasury growth, and SubDAO index success, this vault will pay stakers.

Through the use of smart contracts, token holders can stake for the cause they favor, and incentives will be given out in proportion to their YGG stake. Rewards could also come in the form of stablecoins, YGG tokens, or Ether (ETH), depending on how the vault is programmed. 

YGG Token: The Power of P2E

Yield Guild Games (YGG) is an ERC-20 token that entitles owners to take part in YGG DAO governance. One billion tokens are available in total, and in 2021, 25 million YGG were sold in an Initial DEX Offering (IDO) on SushiSwap. 45% of the entire supply has been set aside by YGG for distribution to users over the course of four years in order to support the community. In 2021, the token was launched and then it was also determined that this amount of tokens will be distributed in four years.

YGG is used to pay for services on the network because it is the platform's native token. It can also be used to unlock premium content on the YGG Discord channel or staked to earn rewards in the YGG vaults. Holders of YGG tokens can also make suggestions and cast votes on choices affecting the guild's technology, goods, projects, token distribution, and overall governance framework. YGG tokens will be awarded for the winning recommendations that the DAO ultimately decides to implement.

Most major exchanges have included the YGG token in their offerings. From Binance to KuCoin, chances are your exchange also offers the YGG token. In total, there are about 50 different crypto platforms where you can trade the token. The most well-known exchanges where you can go for this token are Binance, KuCoin, FTX, Kraken, Gate.io, and Huobi Global.

Is Yield Guild Games a Good Investment?

Considering the fact that the P2E company keeps developing and releasing new game seasons, it can be said that the DAO remains fully functional. Yield Guild Games is continuing to add to its shared pool of digital assets, including purchasing Solarbots NFTs over a year ago, and has signed up to some heavyweight partnerships, for instance, a collaboration with Axis Infinity. The funding that the project has acquired is also impressive, and has helped the DAO to promote its games and its token. However, $YGG is just as volatile as other cryptocurrencies and its price can unexpectedly drop during a major market decline.

How to Buy YGG Crypto?

StealthEX is here to help you buy YGG coin. You can do this privately and without the need to sign up for the service. Our crypto collection has more than 1,300 different coins and you can do wallet-to-wallet transfers instantly and problem-free.

Just go to StealthEX and follow these easy steps:

1. Choose the pair and the amount you want to exchange — for instance, BTC to YGG. 
2. Press the “Start exchange” button.
3. Provide the recipient address to transfer your crypto to.
4. Process the transaction.
5. Receive your crypto coins.

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Don’t forget to do your own research before buying any crypto. The views and opinions expressed in this article are solely those of the author.