What is Yield Guild Games (YGG)? Yield Guild Games started to make a name for itself after the world’s largest crypto exchange Binance decided to list the token. As Kriptokoin.com, we have prepared for you the answers to questions such as what is Yield Guild Games, how does it work, how to get YGG coin, what are its advantages and disadvantages.
What is Yield Guild Games (YGG)? How does it work?
Yield Guild Games is made by a game studio founded by Gabby Dizon, who was part of the team that started Axie Infinity. The project is a decentralized autonomous organization (DAO) that offers blockchain-based games to its users. The platform also offers a service that allows users to purchase NFTs. Yield Guild Games (YGG) wants to create the most stable virtual and game world economy by maximizing the use of community-owned assets. In addition, the platform aims to reward all token holders in the best possible way.
The project combined DeFi with NFTs. Thanks to the development of the content and the economic structure of the games of the platform, YGG managed to establish value-oriented virtual worlds in blockchain games such as Axie and SandBox. At the time of writing, YGG’s market value was around $280 million. YGG managed to receive funds from companies such as Polygon, Blocktower, Scalar Capital, Youbi Capital, Delphi Digital, Sparq and Bitscale Capital. The project aims to maximize the value of NFTs in all aspects of the blockchain gaming industry.
What is YGG coin?
YGG coin is the native cryptocurrency of the Yield Guild Games ecosystem. The cryptocurrency is used to take advantage of the features the platform provides such as staking and yield farming. The maximum supply of YGG coin has been determined as 1 billion units. At the time of writing, 112 million YGG coins were in circulation.
What are the advantages?
- Yield Guild Games DAO generates revenue through intellectual property rights of NFTs. Users of the platform can buy or lease NFTs.
- Players can earn passive income by staking YGG tokens. At the same time, by renting NFTs, he can join active guilds and earn YGG token rewards.
- YGG uses the P2E model, also known as play-to-win, in the economy structure of its games. In this gaming model, users earn more income as they play.
- YGG coin is listed by the world’s largest exchange Binance. Therefore, it may attract more investors in the future.
What are the disadvantages?
- YGG coin also has high volatility like other cryptocurrencies. High volatility means that the value of an asset fluctuates over a wider range, both in the bullish and bearish directions.
- The number of metaverse, game and NFT focused projects in the blockchain field is quite high. YGG coin may be overshadowed by its competitors over time.
How to get Yield Guild Games (YGG) coin?
Users who want to buy Yield Guild Games (YGG) coins must be a member of an exchange where the cryptocurrency is listed. YGG coin is listed by major exchanges like Binance, Huobi Global, Mandala Exchange, OKEx. Users who are members of these exchanges must create a wallet and load a fiat currency such as lira into their accounts. Users who successfully complete these transactions can purchase YGG coin.
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