How to buy Yield Guild Games? Some cryptocurrencies, such as Yield Guild Games, can only be acquired on decentralized exchanges with another coin. To purchase YGG, you must first buy Ethereum (ETH), and then use ETH to purchase YGG. For this, you’ll need a self-custody wallet to do so. Read on to learn more.
What are Yield Guild Games?
Yield Guild Games (YGG) is a DAO guild that associates with blockchain and NFTs. These games are a subset of what is known as the metaverse. The phrase metaverse refers to the various components of blockchain-based virtual worlds, such as digital property, digital products, and so on.
In 2018, the notion of establishing a global play-to-earn games industry arose. Gabby Dizon, co-founder, and CEO of YGG saw that blockchain gaming was becoming popular in Southeast Asia. Many players were wanting to get involved in the famous NFT game Axie Infinity at the time, but many lacked the funds to purchase the in-game NFT characters known as Axies.
Dizon began lending his Axies to other gamers who couldn’t afford to purchase their own after realizing that blockchain gaming can be an uplifting tool for folks living in underdeveloped countries. This prompted him to co-found Yield Guild Games with Beryl Li in 2020, to assist gamers in thriving in the world of NFTs and blockchain games.
Read this to learn How to Play Yield Guild Games in detail
What is Yield Guild Games Coin?
YGG is the coin or token of the DAO platform Yield Guild Games. Yield Guild Games (YGG) is an ERC-20 unit that entitles holders to vote on the governance of the YGG DAO. It has a total quantity of one billion tokens, and 25 million YGG were sold in 2021 through an Initial DEX Offering (IDO) on SushiSwap. YGG has set aside 45 percent of the total supply to be handed to users gradually over 4 years to help the community.
YGG, the system’s native token, is being used to charge for network services. It can also be claimed in the YGG vaults to gain rewards or used to unlock unique content on the YGG Discord community. Furthermore, YGG holders can propose and vote on choices affecting the guild’s technology, products, initiatives, token distribution, and broader governance structure. YGG tokens will be awarded to the winning recommendations that are subsequently implemented into the DAO.
Yield Guild Games’ value has increased by 9.61 percent in the previous 24 hours. At the time of writing, the current ranking is #257, with a market cap of $151,079,527. There are currently 74,275,864 YGG coins in circulation, with a total supply of 1,000,000,000 coins.
The gaming company has set aside 45 percent of a total coin supply of one billion tokens to help the YGG community. According to the company, the tokens would be dispersed progressively over four years. Furthermore, around 40% of the tokens will be divided among investors (24.9%) and creators (15%), with the rest 15% going to the firm’s treasury and advisers.
How to Buy Yield Guild Games?
Here is a step-by-step guide to buying YGG on Coinbase:
1. Download Coinbase Wallet
Yield Guild Games must be purchased using a self-custody wallet such as Coinbase Wallet. The Coinbase Wallet smartphone app and browser extension are also available.
2. Choose a Username
First, you will need a username in this process. This username enables Coinbase Wallet users to quickly send you cryptocurrency. You can make your username confidential, but you’ll need it to log in to your account.
3. Store Your Recovery Phrase
When you establish a new self-custody account, you will be assigned a recovery phrase made up of 12 random words. Because the recovery phrase is the password to your vault, anyone who knows it has access to it. Nobody should know what your recovery phrase is.
We strongly advise jotting these down and securely saving them and using Coinbase Wallet’s online backup option.
Try not to tell anybody your recovery phrase. Coinbase will never ask for it. If you forget your recovery phrase, Coinbase will not be able to let you access your account.
4. Understand Ethereum Fees
Fees vary according to how busy the network is, how intricate the transaction is, and how quickly you want the transaction to be completed. Make a plan to save money for fees.
5. ETH to Coinbase Wallet
If you don’t already have a Coinbase account, you’ll have to open one to purchase Ethereum (ETH). Transferring ETH to your Coinbase Wallet varies based on whether you use the smartphone application or the Chrome extension.
6. Buy Yield Guild Games
If you use Coinbase Wallet on your smartphone, you can buy Yield Guild Games directly from the app. Select the coinbase icon. Then, under the “Trade” page, you can exchange ETH for any token that operates on the Ethereum standard (referred to as “ERC-20 tokens”). Choose Yield Guild Games from the “choose coin” menu.
Enter the amount of ETH you want to trade for Yield Guild Games. Remember to budget for transaction fees. Verify your payment and follow the on-screen instructions to complete.
Click on the “Convert” option if you’ve used the Coinbase Wallet plugin. Look for Yield Guild Games and enter the amount of ETH you want to trade for Yield Guild Games. Remember to budget for transaction fees. Confirm your payment and follow the on-screen instructions to complete.
YGG Price Statistics
|Yield Guild Games Price||$0.626127|
|Market Cap Dominance||0.00%|
|Volume / Market Cap||0.4685|
|24h Low / 24h High||$0.563910 / $0.686377|
|7d Low / 7d High||$0.550239 / $0.978518|
|Market Cap Rank||#401|
Where Can I Buy Yield Guild Games Crypto?
You can buy YGG from Binance, KuCoin, and Uphold.
Is YGG on Coinbase?
Yes, YGG is available on Coinbase
Yield Guild Games is a new variant of a gaming group that uses blockchain technology to make money. It essentially functions as a decentralized autonomous organization (DAO) for investing in NFTs used in simulated worlds with cryptocurrency-like economies.
The project’s purpose is to build the largest virtual world economy by optimizing its community-owned assets for optimum utility and distributing earnings to token holders.