Industry Watch, Tutorial 24 September, 2021 – 11:42

Nami Exchange will list Yield Guild Games Token (YGG)

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Dear Nami Community,

In order to expand the investment portfolio and bring more choices to users and the community, Nami Exchange would like to announce the continued listing of YGG tokens, with trading pairs YGG/VNDC and YGG/USDT.

Specifically:

  • Deposits for YGG Token open from now on.
  • Exchange trading with YGG/USDT and YGG/VNDC pairs will open at 13:30 (UTC +7) on September 24, 2021.
  • Withdrawals for YGG Token will open at 11:30 (UTC +7) on September 25, 2021.

What is Yield Guild Games (YGG)?

Yield Guild Games (YGG) is a decentralized autonomous organization (DAO) for investing in Non-fungible tokens (NFTs) used in virtual worlds and blockchain-based games. The organization’s mission is to create the largest virtual world economy, optimizing community-owned assets for maximum utility and sharing profits with token holders.

Yield Guild Games Activities

YGG’s goal is to maximize the value of NFTs used in virtual worlds and blockchain-based games. Its protocol is automated by consensus-guided smart contracts through a DAO based on the governance and voting proposals of a distributed network of token holders.

YGG’s activities include:

  • Build a global community of gamers who play for money, who compete for in-game rewards (e.g. players in Axie Infinity earn tokens from wins).
  • Generate revenue through the rental or sale of NFT property owned by YGG for markup (e.g., reselling land in The Sandbox or leasing Axie to players as part of a profit-sharing model, which is called scholarship).
  • Enable the community to participate in the DAO by passing proposals and voting;
  • Coordinate research and development for gamers in the DAO to trade arbitrage on profit by competing in metaverse-related games.

Selection Criteria for Yield Guild Games

YGG’s business thesis requires the following elements of a monetized game to make it suitable for selection by the DAO:

  1.  Virtual economy based on land that can be acquired;
  2. Virtual economy with native tokens;
  3. Play-to-earn functionality where players are rewarded with native tokens for in-game activity.

 

Information about YGG

  • Token Name: Yield Game Guild Token
  • Ticker: YGG
  • Total Supply: 1.000.000.000 YGG
  • Max Supply: 1.000.000.000 YGG
  • Circulating Supply: 67,911,948.26 YGG
  • Blockchain: Ethereum
  • Token type: Utility, Governance
  • Standard: ERC-20
  • Address contract: 0x25f8087ead173b73d6e8b84329989a8eea16cf73

About Nami Corporation

Nami Futures of Nami Corp was established in Singapore in 2017, specializing in research and development for Crypto and Forex trading solutions.

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