Buy Yield Guild Games (YGG)

Yield Guild Games (YGG) is a Decentralized Autonomous Organization (DAO) that invests in non-fungible tokens (NFTs) used in blockchain games. The project focuses on building a global community of gamers who can generate revenue through play-to-earn (P2E) games. By combining NFTs and decentralized finance (DeFi), YGG offers an innovative way to develop a metaverse economy on the Ethereum blockchain.

Within YGG, players can join a guild where they collectively use NFTs and benefit from in-game rewards. These NFTs include digital assets such as virtual land, vehicles, and special items that can be used in different games. Instead of purchasing in-game assets themselves, YGG members can borrow them from the guild. In return, they share a portion of their earned rewards with the guild.

The YGG community consists of several SubDAOs, with each SubDAO focused on specific games or regions. This model encourages collaboration within a particular game or area, increasing the chances of success and higher revenues. SubDAOs are governed by smart contracts that automate player activity and reward distribution, creating a completely decentralized way of playing and earning.

A key feature of YGG is its scholarship program. This program allows new players, known as scholars, to borrow NFTs and start playing without a large initial investment. Experienced players lend their NFTs to these scholars and receive a percentage of the in-game revenue. This model has been particularly successful in developing countries, such as the Philippines, where players can earn a decent income with YGG.

YGG also has its own token, the YGG token, which is used within the platform for staking, governance, and access to exclusive content. This makes YGG attractive not only to gamers, but also to investors looking to generate passive income by staking their tokens in various YGG Vaults, each focused on a specific activity within the P2E ecosystem.

Who founded Yield Guild Games?

Yield Guild Games was founded in 2020 by Gabby Dizon and Beryl Li. Gabby Dizon is an entrepreneur with a background in game development and blockchain technology. He saw the potential of play-to-earn gaming as a means to help people in developing countries generate an income. Beryl Li, co-founder, is an experienced entrepreneur with a background in economics and blockchain.

Yield Guild Games (YGG) offers numerous opportunities for both gamers and investors in the world of blockchain and play-to-earn (P2E) games. Here are the main applications and features of YGG:

• Monetization of P2E games: Players can use NFTs to earn rewards in various play-to-earn games, converting their in-game successes into real-world value.
• Investing in NFTs: YGG invests in valuable in-game assets, such as virtual land and special items, which players can then use to generate income.
• Staking of YGG tokens: Investors can stake their YGG tokens in different vaults to earn passive income based on platform activities.
• Joining a gaming guild: Users can join SubDAOs, where they collaborate with other players within the same game or region to maximize their earnings.
• Participating in DAO governance: YGG token holders can vote on important decisions within the platform, thus influencing the future of YGG.

Yield Guild Games combines Decentralized Finance (DeFi) and non-fungible tokens (NFTs) in an innovative structure. At the core of YGG is a DAO (Decentralized Autonomous Organization), governed by smart contracts on the Ethereum blockchain.

SubDAOs

SubDAOs are local communities within YGG that focus on specific games or regions. Each SubDAO has its own rules and operations so that players within that community can maximize their revenue. By working together, players can borrow NFTs and use them in games, with a portion of the revenue going back to the NFT owner. SubDAOs have their own wallets and rules for managing operations and assets, which creates an organized and profitable structure within the YGG community.

The YGG scholarship program

One of YGG’s key features is its scholarship program, which allows new players to participate in P2E games without an initial investment. NFT owners rent their assets to new players, who in return share a portion of their in-game rewards with the owner. This model has been particularly successful in countries like the Philippines, where YGG allows players to earn a full-fledged income by playing games like Axie Infinity.

YGG token and governance

The YGG token is an ERC-20 token used within The DAO for governance and payments. Token holders have a say in key decisions, such as the allocation of resources and the price of the platform. Additionally, YGG tokens can be staked in different vaults to generate passive income. Each vault is focused on specific activities within the YGG ecosystem, such as farming Axies or renting out NFTs.

Staking and YGG vaults

YGG offers a unique staking model via vaults. Each vault represents a specific revenue model within the YGG ecosystem. Players and investors can stake their YGG tokens into these vaults to earn revenue based on the activity that occurs within that vault. This can range from farming Axies to renting out NFTs, or even a broader index of all activity within the DAO. The proceeds are distributed proportionally to stakers depending on their contribution.

The YGG Token is an ERC-20 token that plays a central role in the Yield Guild Games (YGG) ecosystem. This token has multiple functions, such as giving holders voting rights, allowing them to participate in the governance of the YGG DAO. In addition, the token offers staking capabilities in various vaults, allowing users to generate passive income. The YGG token can also be used for payments within the platform and gives access to exclusive content, such as special sections on the YGG Discord.

The maximum supply of YGG tokens is 1 billion. Of this, 45% is reserved for the community and will be distributed to the platform’s users over a period of four years. Another significant portion was sold during the Initial DEX Offering (IDO) on SushiSwap in 2021.

YGG tokens can be staked in various vaults within the YGG ecosystem. Each vault is tied to specific in-game activities, such as breeding Axies in Axie Infinity or renting out NFTs to other players. Users can deposit their YGG tokens into these vaults via smart contracts, after which they will receive rewards based on the revenue generated by the vault activity.

Rewards may vary depending on the vault, and include YGG tokens, Ether (ETH), or stablecoins. This gives users flexibility to earn passive income based on their personal preferences and strategies within YGG’s play-to-earn ecosystem.

Yield Guild Games stands out not only within the gaming industry, but also in the broader crypto and blockchain sector, due to a number of unique features and characteristics:

• SubDAO structure: YGG is organized into SubDAOs, which focus on specific games or geographic regions. This allows players to collaborate locally and maximize their revenue within a niche market.
• Scholarship program: YGG offers new players the opportunity to participate in play-to-earn games by borrowing NFTs without an initial investment. This model has already seen great success in developing countries.
• Metaverse integration: YGG combines DeFi and NFTs to build a metaverse economy on the Ethereum blockchain. Players can own and rent out virtual land, vehicles, and other digital assets, creating a new way to generate income.
• DAO and governance: YGG token holders have voting rights within the DAO and can help decide the future of the platform. This makes YGG a decentralized, community-driven project.

You can buy Yield Guild Games (YGG) via Bitvavo, a platform for both novice and experienced crypto traders. Follow these steps to buy YGG:

1. Create an account or log in to your existing Bitvavo account.
2. Deposit money by clicking on "Deposit".
3. Go to the Yield Guild Games (YGG) purchase page.
4. Enter the amount in Euros you want to invest, or choose how many YGG tokens you wish to acquire, and click "Buy"

The price of Yield Guild Games is automatically updated to the current market value at the time of purchase. After purchase, the YGG tokens will appear directly in your Bitvavo account, where you can easily manage and trade them.

For the safe storage of your YGG tokens, Bitvavo offers the possibility to store them in your account. Most funds are stored in highly secured cold storage, which guarantees maximum security. To further secure your account, it is recommended to enable two-factor authentication (2FA). This adds an extra layer of protection,meaning you have to enter a unique code in addition to your password to access your account.

If you choose to store your YGG tokens in an external wallet, most software and hardware wallets are supported. Make sure you carefully check the wallet address in your Bitvavo account before making a transfer. Once verified, you can easily and securely transfer your YGG tokens to an external wallet.