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Yield Guild Games (YGG)
A Play-to-Earn NFT Gaming Guild.
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Yield Guild Games is a Decentralized Autonomous Organization (DAO) for investing in Non-fungible Tokens (NFTs) used in virtual worlds and blockchain-based games. YGG offers various features including YGG Vaults and SubDAOs. Users are able to participate in yield farming, pay for network transactions, participate in network governance, and staking through vaults.
YGG is the native token of the platform and is used in the following functions:
Yield farming: Users can provide liquidity to LPs on other DEXs to earn liquidity mining rewards (i.e. SushiSwap) and a share of the DEX transaction fees.
Staking: Users can stake YGG tokens into the YGG vault, in return receive token rewards from games in the vault. Depending on how the vault is constructed, token rewards can vary from YGG tokens to ETH or stablecoins.
Governance: YGG token holders will be able to vote and participate in decision-making for the YGG DAO.
Transaction fees: Users can use YGG tokens to pay for services on the network.
YGG consists of the following major components working in conjunction:
YGG Vaults: YGG can be staked into any number of YGG Vaults. Each “vault” represents the token rewards from one or all guild games earning sources.
YGG DAO: The decision-making process on the DAO’s assets (i.e. tokens, NFTs, virtual land parcels) will be determined by YGG token holders.
SubDAO: Each SubDAO is customized to focus on the specific activities and assets of a particular game. This enables users to put their game assets to play, and increase their collective yield generated from gameplay.
As at September 24th 2021, the total token supply of YGG is 1,000,000,000 and the current circulating supply is 87,906,250 (~8.79% of the total token supply).