Yield Guild Games (YGG) is a decentralized autonomous organization (DAO) that coordinates players worldwide to earn crypto-based rewards in play-to-earn games. It invests in non-fungible tokens (NFTs), such as in-game assets and virtual land, and makes them available for guild members to borrow. The community includes players, contributors, and community managers who help onboard new players and earn income through play-to-earn models.
Yield Guild Games (YGG) is a gaming guild that allows players to earn rewards through play-to-earn blockchain games. Here's how it works:
Joining the Guild: To join YGG, you need a crypto wallet supported by the Ethereum network, such as MetaMask. You then mint a Guild Badge, which is a gaming NFT that proves your membership. This requires Ethereum (ETH) to cover gas fees.
Borrowing NFTs: YGG invests in NFTs, including virtual land and in-game assets, which members can borrow to earn rewards in play-to-earn games. This model allows players to participate in games without having to purchase expensive NFTs.
Community and Roles: Members contribute to the guild by performing various activities, such as managing the Discord channel or sharing updates. These efforts are rewarded with tokens or NFTs. The guild is decentralized and governed by smart contracts, with multiple SubDAOs focused on specific games or regions.
Earning Rewards: Players can earn rewards by participating in games, and the guild earns revenue through NFT rentals, sales, and in-game activities. The YGG token is used for governance, staking, and payment for services within the network.
YGG Token: The YGG token is an ERC-20 token with a total supply of 1 billion. It is used for governance, staking, and payment for services. Token holders can participate in the governance of the YGG DAO and earn rewards through staking.
SubDAOs: YGG is divided into multiple SubDAOs, each focused on a specific game or region. These SubDAOs manage their own assets and activities, and token holders can participate in governance decisions and earn rewards based on their contributions.
- Revenue Streams: YGG generates revenue through scholarships, land ownership, NFT appreciation, and other in-game activities. The YGG DAO oversees the management of these assets to maximize value for its members.
Overall, Yield Guild Games provides a platform for players to collaborate, earn rewards, and participate in the governance of a decentralized gaming community.
To store Yield Guild Games (YGG) tokens, you will need a crypto wallet that supports the Ethereum network. Here are the steps to follow:
Choose a Wallet: Select a suitable Ethereum-compatible wallet, such as MetaMask, Trust Wallet, or other software wallets that support the Ethereum network.
Connect to the YGG Platform: Connect your wallet to the Yield Guild Games platform to mint a Guild Badge, which is proof of your membership in the guild.
Store YGG Tokens: Once you have YGG tokens, you can store them in your chosen wallet. Make sure you have enough Ethereum (ETH) in your wallet to cover gas fees for transactions.
- Access Reward Vaults: With your YGG tokens stored, you can access the Reward Vaults on the YGG platform to stake your tokens and earn rewards. Ensure you are logged in with the wallet that holds your YGG Guild Badge and tokens.
By following these steps, you can securely store and manage your YGG tokens.
To buy Yield Guild Games (YGG) tokens, follow these steps:
Choose a Cryptocurrency Exchange:
- Binance: Create a free account on the Binance website or app. Verify your identification and fund your account using credit/debit cards, bank deposits, or third-party payment methods.
- Kriptomat: Sign up for a free account, complete the quick onboarding process, and verify your identity. You can fund your account using SEPA bank transfers, credit/debit cards, or Skrill/Neteller payments.
- Other Exchanges: Compare and choose from other exchanges like Uphold, Kraken, and KuCoin, each with their own set of features and payment options.
Fund Your Account:
- Deposit funds into your exchange account using your chosen payment method.
Buy Yield Guild Games (YGG):
- Navigate to the Yield Guild Games (YGG) purchase page on your chosen exchange.
- Select the amount of YGG you want to buy and confirm your order.
- Store or Use Your YGG:
- Once purchased, you can store your YGG tokens in your exchange account or transfer them to a personal crypto wallet for safekeeping. You can also trade YGG for other cryptocurrencies or stake it for passive income.
Remember to carefully consider your investment experience, financial situation, and risk tolerance before making any investment decisions. Cryptocurrency prices are subject to high market risk and price volatility.
