Yield Guild Games is a decentralized autonomous organization (DAO) aimed at investing in virtual world non-fungible tokens. Its goal doesn’t differ much from the aims of major other platforms. Yield Guild Games plans to develop the world’s largest virtual economy, optimize its assets to maximize effectiveness, and share revenue with stakeholders.
Yield Guild Games represents a community of players and investors who earn on NFT investments. These NFTs are used in virtual worlds and blockchain-based games.
Yield Guild Games (YGG) is the governance platform’s token. It has several functions, including yield farming, staking, governance, and service payments.
To earn liquidity mining rewards and a share of fees, users can provide liquidity to liquidity providers on other decentralized exchanges. It’s possible to stake YGG tokens to gain token rewards from games. YGG is a native token of the platform. As a result, it allows its holders to participate in a decision-making process. YGG can be used for service payments on the platform.
The maximum supply is capped at 1,000,000,000 units. However, the company saved 45% of the total supply to support the community. The tokens are distributed gradually over four years.
The US dollar or USD is a domestic currency of the United States of America. Moreover, it’s used as legal tender in Ecuador, El Salvador, Micronesia, Palau, the Marshall Islands, Zimbabwe, and East Timor. However, USD is accepted worldwide and can be exchanged almost in any country.
The best time to trade YGG to USD is from 15:00 to 24:00 (GMT+3, indicated in LiteFinance trading platform). These periods correspond with the American trading session — the period when the liquidity degree of the US dollar increases.
Risk warning: Trading in FX and CFDs entails high risk of losing capital.
