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Introduction to Yield Guild Games (YGG)

UTC by John Caroline · 6 min read
Introduction to Yield Guild Games (YGG)
Photo: Unsplash

Yield Guild Games (YGG) specifically aims to encourage the concept of play-to-earn gaming. Here’s a guide to better understand everything about Yield Guild Games.

The concept of play-to-earn (P2E) blockchain gaming has literally grown to outperform many other blockchain projects aimed to foster the adoption of the crypto industry. This is reflected by the swift adoption of the blockchain gaming industry since its introduction in 2018. With Axie Infinity opening the floor to massive attraction, P2E games began to attract millions of people around the world. However, it has been observed that non-fungible token (NFT) gaming is quite unaffordable for many enthusiasts from several countries around the globe. With concerns to revolutionize the NFT gaming industry while deploying necessary infrastructures to curtail the inefficient challenges with NFT gaming, Yield Guild Games (YGG) is committed to building a community of P2E enthusiasts to connect players and investors who can help each other get started and grow with NFT gaming. Let’s dive further to better understand Yield Guild Games.

Yield Guild Games Definition

Yield Guild Game (YGG) being primarily focused on play-to-earn blockchain games, is a gaming guild that forms a network of non-fungible token players and investors who can team up to initiate and make growth in the NFT gaming industry.

Yield Guild Games is mostly referred to as a Decentralized Autonomous Organization (DAO) that sows their investments into blockchain-based play-to-earn games.

Let’s define Decentralized Autonomous Organization (DAO) to ensure a better understanding of what YGG is actually about. A Decentralized Autonomous Organization (DAO) is an organization represented by rules encoded as a computer program that is transparent and controlled by organization members hence without leadership.

YGG comprises several SubDAOs. Each of its SubDAOs possesses its own set of rules which governs the activity and assets of the respective play-to-earn game. These SubDAOs consist of groups of players from a specific NFT game or geographical location.

How Does Yield Guild Games Work?

Decentralized Finance (DeFi) and NFTs are the two merged concepts used by Yield Guild Games to create a metaverse economy with an exclusive P2E gaming experience based on the Ethereum (ETH) blockchain.

The Yield Guild Games DAO is operated by the rules enforced by smart contracts. The organization behind YGG employs a model that allows players of the same NFT game to work together in a bid to help each other grow and maximize profits. Meanwhile, members of a guild can as well leverage the community-owned NFT assets to earn in-game rewards. In return, those who lend their NFTs via the DAO can share a portion of the gamers’ earnings.

All NFTs and digital assets on Yield Guild Games are stored in the YGG Treasury under the control and influence of members of the community. The treasure provides assets from multiple blockchain games.

Unique Features of YGG

Yield Guild Games (YGG) is on an adventure to explore the potentials of the blockchain gaming industry and the metaverse as a whole while fostering further developments to make the industry much easier and attract the interest of global enthusiasts. YGG has deployed several unique features which has ranked it outstanding among other projects.

Yield Guild Games is dedicated to building a global economy of play-to-earn gamers, allowing them to connect together and exclusively explore the play-to-earn gaming tech. The system encourages community participation in the guild.

Furthermore, YGG guarantees quality and good returns for users as it makes an investment in the best yield producing NFTs in the Metaverse. Meanwhile it further operates and rents these NFTs to enable it to produce impressive revenue while maximizing profits.

YGG Vaults

Yield  Guild Games vaults  provides  staking options to token holders and an all-in-one staking system option as a reward. Due to the nature of the system, vaults in YGG  have unique rules which include, vesting period and lock-in period.

Being unique in its system of operation, its tokens can be staked into any number of YGG vaults. More impressively, the system makes provision for a  vault that sees to the generation of  token rewards from all YGG’s activities made available for YGG stakeholders.

SubDAOs

As mentioned earlier, YGG comprises several SubDAOs which possess individual sets of rules that govern activity and assets of the respective play-to-earn games. These SubDAOs are basically subsets of the YGG DAO that lay their focus on a certain game’s operations and assets. Each SubDAO is made up of groups of players from a specific NFT game or geographical location.

Members of a SubDAO are token holders who become citizens of the game. They are tasked with the responsibility to participate and cooperate with each other to maximize their collective yield generated by games. The DAO treasury assets is also open to SubDAOs in cases where they seek to further outfit their characters, while increasing their earning potential.

YGG Community Programs

YGG is committed to putting the community in consideration as regards its operations. It aims to ensure that the community is a major beneficiary of its operations as it ensures that about 45% of all YGG tokens will be distributed to community activities such as airdrops, guild achievement awards, and special incentives for game wins.

YGG Token

YGG token reflects and helps to track the value of the system. This value is created by the guild, the DAO, and its collective SubDAOs, thereby allowing investors to own a portion of the YGG’s value. Owners of these tokens can participate in guild activities like voting other DAO-related activities.

The YGG token is used for yield farming. In essence, it is used to supply liquidity to LPs on other DEXs in order to collect liquidity mining awards and a portion of the DEX transaction fees.

Furthermore, it serves as the governance token of the YGG ecosystem. As such, the holders of YGG token will be able to vote and participate in the decision making process of YGG DAO.

An unavoidable use case of YGG tokens is that they can be used to pay for network services.

Conclusion

YGG seeks to actualize a great virtual economy of P2E gaming which will be considered much more valuable than real world baseball by merging DeFi with gaming. The YGG ecosystem foresees an era of financial freedom for blockchain gamers where members will be seen earning substantial income while enjoying a fun time.

Yield Guild Games (YGG) has a probability of making great profit from the influx of blockchain gamers.

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FAQ

What is Yield Guild Games (YGG)?

Yield Guild Games is a gaming guild that invests in NFT and creates a connection between global blockchain gamers and investors to encourage the growth of the NFT gaming sector.

How does Yield Guild Games work?

Yield Guild Games (YGG) creates new virtual worlds while also providing empowerment in the digital economy for players who can’t afford NFT assets. Its mission is to create a network of millions of players from around the world in the play-to-earn revolution.

What are YGG vaults?

YGG Vaults is a system of staking tokens to earn more at fixed interest rates. YGG DAO operation is in a unique manner whereby its token can be staked into any number of YGG vaults and each vault denotes one or many revenue streams of token payouts. 

What are YGG SubDAOs?

YGG SubDAOs are the subdivisions of YGG DAOs whose primary attention is channeled towards a specific game (its operation and assets).

What is a YGG token?

The YGG token is a quantified representation of the value created by the YGG guilds, DAOs and SubDAOs. It is used for yield farming, governance, and executing transactions with the YGG ecosystem.

How to trade YGG token?

YGG can be traded on major cryptocurrency exchanges including Uniswap, Sushiswap, MEXC, OKEx, Gate.io, and BigONE.

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