Learn about the origin of YGG coin in one article

YGG Coin was released on August 24, 2021 as the native token of the Yield Guild Games ecosystem. It was created by the blockchain gaming guild YGG to allow players to participate in Metaverse games and make money through a revenue sharing model. YGG coins are used for governance, rewards, in-game asset purchases, and membership.

YGG Coin Issuance Time

YGG Coin will be officially released on August 24, 2021.

Origin of YGG Coin

Background:

YGG Coin is the native currency in the Yield Guild Games (YGG) ecosystem Token, YGG is a blockchain game guild focusing on building the metaverse economy.

Purpose of establishment:

The purpose of establishment of YGG is to allow more players to participate in the Metaverse game and create revenue opportunities for players through the in-game revenue sharing model .

The function of YGG coin:

As the core of YGG ecosystem, YGG coin is mainly used for the following purposes:

• Governance: YGG coin holders have voting rights in the YGG ecosystem.
• Rewards: YGG coins can be used to reward players for their achievements and contributions in the game.
• In-game Asset Purchase: YGG Coins can be used to purchase in-game assets such as land and equipment.
• Membership: Players who hold YGG coins can become members of the YGG Guild and receive exclusive benefits and event participation opportunities.

Issuance method:

YGG coins are issued through an Initial DEX Offering (IDO) sale and run on the Polygon blockchain.

Yield Guild Games (YGG) Price Analysis

As of 13:00 on September 29, 2024, the price of YGG is $0.537.

Recent Movements

The price of YGG increased by 12.22% in the past 24 hours.

Influencing factors

Factors for YGG price increase may include:

• Improving market sentiment
• For crypto games and growing interest in the Metaverse

Future Outlook

In the short term, the price of YGG is expected to continue to rise, but continued growth is not guaranteed. Long-term holders should pay close attention to macroeconomic factors and crypto industry developments.

Recommendation

For existing YGG holders, consider buying on dips to increase your position. It is crucial for potential investors to invest prudently and only invest money they are willing to lose.

Short-Term Forecast

In the short term, the price of YGG is expected to continue its recent gains, but the extent may be limited.

Indicators

• Current price: $0.537
• 24-hour trading volume: $56,740,252
• Circulation market capitalization: $205,971,296
• Circulation: 383,089,285
• Maximum Supply: Unknown
• Total Supply: 383,089,285

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