YGG token is created to bring everyone’s goals together and to give players real ownership of digital game items. It also allows the community to share the profits earned from the growing Web3 gaming world. #YGGPlay
YGG Tokenomics Explained Simply
There will only ever be one billion YGG tokens. These tokens are shared across different groups to support long term growth for everyone involved. @Yield Guild Games
The community receives the largest share which is forty five percent. These tokens are used for rewards that members can earn through different programs and through staking. These rewards are given out over a period of four years. $YGG
Investors receive twenty four point nine percent. These are the people who supported the project early. Their tokens are locked for a set time and then slowly released.
The founders receive fifteen percent. Their tokens are locked for two years. After that the tokens are released slowly over three years.
The treasury receives thirteen percent. These tokens are kept by the DAO to support operations. They are used to buy new NFT assets and to manage the guild’s funds.
Advisors receive one point eighty five percent. Their tokens are locked for one year and then released slowly over the next year.
How the YGG Token Is Used
The YGG token has many purposes inside the ecosystem and gives people reasons to join and stay active.
First is governance. Anyone who holds the token is able to make suggestions and vote on important choices such as investment plans and treasury usage. This ensures that the community guides the future of the guild.
Next are staking rewards. Members can place their YGG tokens into special vaults to earn extra rewards. These rewards can come in the form of more YGG tokens or tokens from other Web3 games or a share of the revenue that the guild earns through activities like renting out NFTs.
The scholarship model is another major use. YGG buys valuable game NFTs and lends them to new players who cannot afford to start on their own. These players can earn money inside the game and the earnings are shared between the player their manager and the YGG DAO. This opens the Web3 gaming space to people everywhere. #BinanceSquareTalks
Holding or staking YGG can also provide special access. Members can unlock exclusive content guild merchandise premium quests tournaments and early testing for new games in the YGG network. Under the new Guild Protocol YGG tokens must be burned when someone wants to create a new on chain guild. This supports the overall system and keeps the token economy balanced. #BinanceSquareFamily
There is also the Guild Advancement Program. Players can earn special Soulbound Tokens for completing quests and reaching goals. These tokens cannot be traded and act as proof of a players reputation and achievements inside the community. Finally YGG helps new games grow by bringing large numbers of active players to them. This is called player liquidity. In return YGG receives a share of the success of these games which supports the whole ecosystem.
