YGG Coin Complete Guide: An Innovative Encounter of Games and Blockchain
1. Introducing YGG
Yield Guild Games (YGG) is an innovative blockchain-based gaming ecosystem that goes beyond a simple game platform. This project presents a completely new paradigm where gamers around the world can play their favorite games while simultaneously generating real income.
🎯 YGG's core vision: To build a sustainable economic ecosystem where players can convert in-game assets into real economic value through the perfect fusion of games and cryptocurrencies.
YGG supports various blockchain games and provides a comprehensive infrastructure where users can own, trade, and lease in-game NFT assets. It is particularly popular in Southeast Asia, including the Philippines, and many people are known to make a living through YGG.
2. YGG's History and Development
YGG's journey began in 2020 when the founders discovered the potential of blockchain games. Initially, they focused primarily on a game called Axie Infinity, but over time, they have expanded their influence and scope significantly.
Major Development Stages:
• 2nd Half of 2020: YGG established and formed its initial community
• 1st Half of 2021: Attracting large-scale investment and starting the scholarship program in earnest
• 2nd Half of 2021: Official launch of the YGG token and listing on major exchanges
• 2022 and beyond: Expanding into various games and building a global community
YGG has become particularly famous for its 'Scholarship' system. This is an innovative system where managers who own game assets rent out their assets to players who have time to play the game but lack initial investment capital.
3. YGG's operating principle and technical structure
YGG's operating principle is based on the transparency of blockchain technology and the ownership proof function of NFT. All assets acquired by users in the game are stored as immutable records on the blockchain, ensuring complete ownership.
🔧 Core operating mechanism:
Play the game → Acquire assets → Record on blockchain → Confirm ownership → Trade/rent → Generate revenue → Reward with YGG tokens
In the YGG ecosystem, various participants play different roles. Managers purchase and manage game assets, Scholars play the actual game, and Community Managers provide education and support. This division of labor structure enables efficient revenue generation.
💡 Smart Contract Utilization: YGG is building a transparent and fair ecosystem by automating all processes such as revenue distribution, asset leasing, and governance through smart contracts.
4. YGG Token's Various Usage and Utilities
YGG tokens are core utility tokens that perform various functions throughout the YGG ecosystem beyond a simple investment vehicle.
🎮 Key Usage:
• Participation in Governance: Voting rights in important decisions of the YGG ecosystem
• Staking Rewards: Lock up tokens to generate additional income
• In-Game Payments: Purchase and upgrade items in various partner games
• Fee Discounts: Discounts on transaction fees within the YGG platform
• Premium Services: Access to advanced analytics tools and dedicated communities
YGG also continues to expand the utility of its tokens by forming new partnerships. Recently, we are enriching the token economy through collaborations with metaverse platforms, DeFi protocols, NFT marketplaces, etc.
5. YGG Exchange and Purchase Method
YGG tokens are currently actively traded on major cryptocurrency exchanges around the world. With a variety of exchange options, investors can choose the platform that best suits them.
📈 Major Listing Exchanges:
• Centralized Exchanges (CEX): Binance, Coinbase, Kraken, FTX, Upbit, etc.
• Decentralized Exchanges (DEX): Uniswap, SushiSwap, PancakeSwap, etc.
• Korean Exchanges: Also available on Upbit, Bithumb, Coinone, etc.
💰 Buying Tips: Fees and spreads may vary by exchange, so we recommend comparing prices on multiple exchanges before purchasing. Also, for large transactions, you can consider OTC (over-the-counter) services.
Buying Guide for Beginners: First, create an account on a reliable exchange and complete identity verification, then you can purchase YGG with KRW or USDT. After purchasing, be sure to transfer it to your personal wallet and keep it safe.
6. YGG Community and Ecosystem
One of YGG's greatest strengths is its active and passionate community around the world. This community is not just a gathering of investors, but also a living space for people who actually make a living through games.
🌍 Global Community Status:
• Discord: Over 100,000 active members share information in real time
• Telegram: Customized support services through regional groups
• Twitter: Real-time sharing of the latest news and updates
• YouTube: Game guides and educational content
The YGG community focuses particularly on education and mentoring. We are continuously providing systematic education programs for new scalars, sharing game strategies, and profit optimization methods.
🤝 Community Benefits: YGG community participants can enjoy various benefits such as exclusive game access, early NFT drop participation, and participation in expert AMA sessions.
7. YGG Wallet and Security Management
Securing and managing YGG tokens safely is a key factor in investment success. Among the various wallet options, it is important to choose the right one that suits your investment size and technical proficiency.
🔐 Wallet Type Features:
• Hardware Wallets: Ledger, Trezor, etc. - Provide top-notch security
• Software Wallets: MetaMask, Trust Wallet, etc. - Balance of convenience and security
• Web Wallets: Exchange-built wallets - Convenient, but security concerns required
• Mobile Wallets: Convenient to access anytime, anywhere
⚠️ Security Precautions: Never store your private keys or seed phrases online, and back them up safely in multiple locations. Also, beware of phishing sites or fake apps, and always access only through the official website.
A browser wallet such as MetaMask is essential to play games in the YGG ecosystem. You can manage and trade assets in real time by connecting the game and the wallet. Beginners are recommended to start with a small amount first, get used to using the wallet, and gradually increase the investment size.
8. Essential Precautions When Investing in YGG
Investing in YGG carries with it a high potential for returns, but it also carries significant risks. Successful investment requires thorough preparation and careful approach.
🚨 Key Risk Factors:
• Market Volatility: Rapid price changes due to high volatility in the cryptocurrency market
• Gaming Ecosystem Dependency: The impact of a decline in the popularity of a specific game on the value of YGG
• Regulatory Risk: Changes in cryptocurrency regulatory policies by each country's government
• Technical Risk: Limitations of blockchain technology or security vulnerabilities
💡 Investment Success Strategy:
• Diversification: Don't focus on YGG alone, diversify your portfolio
• Long-term Perspective: Don't be swayed by short-term price fluctuations, but approach from a long-term perspective
• Continuous Learning: Continuously monitor trends in the blockchain game market and YGG's development status
• Risk Management: Invest only within the range you can afford to lose, and utilize a stop-loss strategy
Before investing, be sure to read YGG's White Paper and carefully review the team's career and roadmap. Also, refer to community opinions and expert analysis, but make the final investment decision at your own discretion.
🎯 YGG's Future Prospects
YGG is proposing a completely new economic model through an innovative combination of games and blockchain technology. Considering the continued growth of the metaverse and NFT markets, and the Play-to-Earn trend spreading globally, the future of YGG is very bright.
However, at the same time, this is still an early stage technology, and many challenges and changes are expected in this field. For those considering investing, we hope you make a wise choice through sufficient research and careful judgment.
We sincerely hope that the new journey of games and investments with YGG will bring you exciting experiences and valuable results! 🚀🎮