YGG – technical analys

Binance trade: https://www.binance.com/en/trade/YGG_BUSD

YGG official page / hivatalos oldala: https://yieldguild.io/
CoinMarketCap: https://coinmarketcap.com/hu/currencies/yield-guild-games/

Entry point / Beszállási pont: 1.3 – 1-6

Our point of entry / A mi belépési pontunk: 1.487
TP 1: 1.8 (+413point)
TP 2: 2.4 (+913point)
TP 3: 2.9 (+1413point)

TP 4: 3.4 (+1913 point)

THE FOUNDING TEAM

GABBY, BERYL AND OWL

The story of Yield Guild Games tracks back to 2018, when gaming industry veteran Gabby Dizon began to lend his own Axies to other Axie Infinity players who couldn’t afford to buy their own. By October 2020, it was clear how this was helping Filipinos create another source of income during the pandemic while doing something they enjoyed.

It sparked the idea to create a global network of players and investors who would help each other get started with NFT games. With fintech entrepreneur Beryl Li and developer Owl of Moistness joining Gabby as co-founders, YGG was brought to life with the mission of onboarding millions of people into the play-to-earn revolution.

Introduction
About
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 biggest virtual world economy, optimizing its
community-owned assets for maximum utility and sharing its profits with its token holders.
Vision
YGG combines the best of the non-fungible token (NFT) and the decentralized finance (DeFi)
space, bringing yield farming to game economies while adding value to these virtual worlds by
developing the content and economy of these games.
We want to own and develop assets in the metaverse as we believe that virtual economies will
be more valuable than real-world economies over time. At the same time, we want to create
value in the virtual world for our guild members to thrive in a virtual environment – the
competitive gamers, the artists, and content creators that populate the metaverse.
5
State of the market
YGG sits at the intersection of three markets each of which is has strong growth potential:
● NFT sales topped $2 billion in Q1 of 2021. NBA Top Shots and NFT artists, such as
Beeple, have pushed NFTs into mainstream vernacular.
● DeFi tokens hit $50B in total locked value.
● There are 70m crypto wallet holders.
1
● The global gaming market reached a value of US $167.9 Billion in 2020.
2
● The rise of virtual worlds, such as Decentraland, and blockchain games, such as Axie
Infinity and The Sandbox, have gained a fully diluted valuation of over $1.8B USD.
3
Note: Numbers taken as of end of March 2021.
Activities of YGG
YGG’s goal is to maximize the value of NFTs used in virtual worlds and blockchain-based
games. Its protocol is automated by smart contracts instructed by consensus through the DAO
based on governance proposals and voting of a distributed network of token holders.
Activities of YGG include:
● Building a global community of play-to-earn gamers who play competitively to collect
in-game rewards (e.g. players in Axie Infinity earning tokens from winning battles);
● Producing revenue through the rental or sale of YGG-owned NFT assets for a markup
(e.g the resale of land in The Sandbox or renting Axies to players as part of a
profit-sharing model, known as a scholarship);
● Allowing the community to participate in the DAO by passing proposals and voting;
● Coordinating research and development for gamers in the DAO to arbitrage on yield
generation by being competitive in metaverse-related games.
3 https://www.coingecko.com/en/coins/decentraland
2https://www.globenewswire.com/news-release/2021/03/01/2184028/0/en/Global-Gaming-Market-2021-to-2026-Industry-Trends-Sha
re-Size-Growth-Opportunity-and-Forecasts.html#:~:text=According%20to%20the%20latest%20report,US%24%20167.9%20Billion%
20in%202020.
1 https://www.statista.com/statistics/647374/worldwide-blockchain-wallet-users/
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Business Model
As technology allows more people to move more of their lives online, an entire digital economy
is developing inside these new virtual worlds, known as “the metaverse.” YGG’s business model
builds real-world value from fundamental metaverse economics.
Business Thesis
● The primary revenue of the DAO will come from leveraging YGG-owned NFT assets,
either directly, or indirectly, via a rental program where guild members utilize the assets
in exchange for a portion of the in-game rewards going directly to YGG;
● In the case of in-game assets such as land, revenue may be generated by third party
(non-guild members) conducting economic activities on that in-game land;
● NFT ownership will benefit from the rise of the in-game asset’s economic value being
reflected in the value of its native fungible token on the open market.
The value of all activities in YGG will be captured in the fully diluted market capitalisation of
YGG governance tokens.
Selection Criteria
The YGG business thesis requires the following elements of a play-to-earn game to make it
suitable for selection by the DAO:

  1. A virtual land-based economy which can be acquired;
  2. A virtual economy with a native token;
  3. Play-to-earn functionality where players are rewarded native tokens for in-game activity.
    Launch Plans
    At launch our treasury and our guild will focus on the following play-to-earn games that have
    already shown strong potential and community support:
    ● Axie Infinity produced by Sky Mavis;
    ● The Sandbox produced by TSB;
    ● League of Kingdoms produced by NPlus.
    As play-to-earn evolves, YGG’s portfolio will expand to other games that fulfill the criteria and
    yield requirements outlined above as governed by the DAO.
    7
    Value Proposition
    Team Focus
    The YGG team will work on the following:
    ● Acquire
    4 new players, ambassadors, community managers, and game masters;
    ● Incentivize
    5 participants through ‘Level-Up’ reward program, ‘Max-Level’ reward
    program, class leaders, guild events, tournaments, and voting participation;
    ● Distribute token grants;
    ● Build new guild features;
    ● Build technology to expand its core activities of rentals and yield;
    ● Purchase virtual gaming assets.
    Value Creation
    YGG’s value is derived from the following:
    ● Yield gained from assets acquired by treasury;
    ● Yield produced from active play of treasury’s virtual assets;
    ● % of APY token rewards generated from treasury’s farming activities;
    ● Rewards generated from esports;
    ● Rewards generated from raids;
    ● Rewards generated from sponsorships;
    ● Rewards generated from subscription fees;
    ● Rewards generated from merchandise sales.
    Token Usage
    YGG tokens can be used for the following:
    ● Stake YGG for token rewards related to its overall activities;
    ● Stake YGG for rewards related to specific activities;
    ● Stake YGG for exclusive content;
    ● Stake YGG to vote and participate in the DAO;
    ● Stake YGG to subscribe to exclusive merchandise;
    ● Use YGG tokens to pay for services in its network.
    5 https://www.notion.so/Leveling-up-for-YGG-members-515719902f6c43b1a937287693b75e0b
    4 https://www.notion.so/YGG-Structure-051d00314a6d44dca1f330bb62da6b86
    8
    The Treasury
    The role of the YGG treasury is to oversee the management of YGG assets to maximize value
    returned to the YGG DAO over time.
    Economic Activities
    ● Purchase of assets in the form of cryptocurrencies, virtual assets in the metaverse,
    SAFTs, in-game tokens (such as, but not limited to, Small Love Potion (SLP), which is a
    token earned by winning battles in Axie Infinity and is required in order to breed Axie
    NFTs), as well as other NFTs to contribute to the development of metaverse economies;
    ● Arbitrage farms to maximise yields;
    ● Manage locked, unvested, undistributed tokens of all parties;
    ● Provide guidance in events that involve debt and interest payments, acquisition of assets
    including any buybacks and future fundraising rounds;
    ● Perform financial operations such as accounting, audits, reporting and tax.
    Treasury assets are managed by the three co-founders via a multisignature Gnosis wallet.
    Two out of three Trezor hardware wallet signatures will be required per transaction.
    Fund raising
    YGG has secured $1.325M in a seed round led by Delphi Digital
    6 and $4M in an A round led by
    Bitkraft.
    6 https://medium.com/yield-guild-games/yield-guild-games-raises-1-325mil-seed-led-by-delphi-digital-33f885fe307b
    9
    Distribution of funds
    Ultimately, the DAO will be responsible
    for the decisions regarding the
    distribution of funds from the treasury on
    an ongoing basis.
    Prior to the DAO being in place and
    sufficiently decentralized, the founding
    team have proposed the following
    distribution of funds based on the
    amount raised including projected funds
    from the token generation event.
    Funds raised will be distributed
    according to Figure 1 (right).
    Figure 1: YGG Distribution of Funds
    Portfolio Reporting
    There are plans to add to the website a portfolio tracking component which allows guild
    members to see the financial and performance data of YGG in real-time.
    10
    The DAO
    Participants in the DAO will be owners and managers of the entire ecosystem of the YGG
    Network. Decision making will be prorated based on a participant’s ownership to the overall
    DAO through a YGG token ownership. Tokens will represent voting rights in the DAO.
    YGG Token Issuance
    There will be 1,000,000,000 YGG tokens minted in aggregate. Distribution of supply will occur in
    multiple phases scheduled at different dates and for different purposes. Allocation is as follows:
    Figure 2: YGG token supply breakdown
    The month on month distribution breakdown can be found in this document.
    See linear (Fig. 3) and log scale (Fig. 4) graphs below.
    11
    Figure 3: Tokens in circulation (Linear)
    Figure 4: Tokens In Circulation (Log)
    12
    Token Allocation Breakdown
    Treasury
    133,333,334 (13.3% of total allocation)
    The YGG Treasury will hold 13.3% of the total token allocation with no lock up period and no
    vesting condition.
    Founders
    150,000,000 (15% of total allocation)
    Members of the founding team will have a 2 year lock-up period. After which, tokens vest
    linearly for a further 3 years.
    Figure 5: Founders Tokens Distribution Schedule
    13
    Advisors
    17,500,000 (2.0% of total allocation)
    Advisors will have a 1 year lock up period. During the 2nd year, advisory tokens vest linearly for
    12 months as can be seen in Figure 6.
    Figure 6: Advisor Tokens Distribution Schedule
    Investors (Seed & Series A)
    249,166,666 (24.9% of total allocation)
    Seed Investors will have 20% of their allocation released at the network launch. 80% of their
    token allocation will have a 1 year lock up period and then their tokens will vest linearly for 1
    year after the lock up period.
    More information about the Seed Raise could be found here.
    Series A Tranche A investors will have a 2 year lock up. After this period, a 3 year vesting
    schedule. Series A Tranche B investors will have a 1 year lock up. After this period, a 2 year
    linear vesting schedule. The aggregate token distribution for investors can be seen in Figure 7.
    Excess tokens, an amount to be determined, will be released during the token generation event.
    14
    Figure 7: Investors Tokens Distribution Schedule
    Community Allocation
    450,000,000 (45% of total allocation)
    Distributed to the DAO community members through its various community programs to be
    launched in later dates shown in Figure 8. See ‘Community Programs’ for more information.
    Figure 8: Community Tokens Distribution Schedule
    15
    Network Token Rewards
    ● The community will vote to switch on the feature of distributing token rewards to token
    holders. This is where we will introduce staking vaults to receive the rewards directly
    through smart contracts into their accounts. Mechanics of the distribution will be subject
    to proposal submission. The intention is to create staking vaults to earn rewards from the
    network as an APY.
    ● YGG will eventually release various staking vaults allowing token stakes to earn rewards
    ranging from YGG’s overall activities to a specific activity.
    ● A vault may also be designed to have a combination of token rewards from activities of
    the network and extra membership privileges such as discounts and exclusive
    merchandise. A high level explanation could be found under the subDAO and the
    Staking Vault section of this whitepaper.
    ● The mechanics of staking vaults that YGG launches will be posted on YGG’s official
    website and blog channels.
    Early Structure
    The founders will be the core team and the earliest participants of the DAO. It will gradually
    consist of early investors, asset owners, and players in the blockchain gaming and NFT space.
    YGG token holders will eventually replace the early team as administrators of the protocol.
    Governance Proposals and Voting
    Proposals and voting will be related but not limited to the following subjects:
  4. Technology
  5. Products and projects
  6. Token distribution
  7. Governance structure
    Any guild member part of the YGG network can send proposals through the YGG website, for
    the ecosystem to cast their votes. Decisions will be based on the majority of votes and
    implemented through a distributed system. Tokens may be granted as rewards to community
    members that create winning proposals for the DAO to implement. More information will be
    published on the official website in the coming weeks.
    16
    SubDAO
    YGG will establish a subDAO to host a specific game’s assets and activities. Assets in the
    subDAO are acquired, fully owned and only controlled by the YGG treasury through a
    multisignature (multisig) hardware wallet for security reasons. Through smart contracts, the
    community of players would be able to put assets to work.
    A subDAO is tokenized, where a portion of the subDAO tokens will be offered to the community.
    Community subDAO token holders are able to send proposals and vote concerning the specific
    game mechanics. The intention is to incentivize the community to put the assets under treasury
    management to play. This will allow community subDAO token holders to enjoy the potential
    upside of the assets and yields generated from their productive game play
    7
    .
    There is no specific ownership breakdown offered to the community as of this writing. A
    separate paper and report will be published when a subDAO is launched. It will contain details
    of the distribution of the subDAO tokens and the economic value of the assets in the subDAO
    wallet at fair value.
    One of the current proposals to date is including a small allocation of YGG tokens (main DAO)
    in selected subDAOs to align incentives between each subDAO and the main guild. After all, the
    more successful the subDAOs are, the more successful YGG tokens will be.
    A recent example is the issuance of YGGLOK tokens
    8
    . YGG Treasury acquired League of
    Kingdom parcels of land, which are held in a YGG wallet controlled through a multisig
    arrangement organised by the DAO. This wallet will be tokenized into a subDAO where a
    portion of these tokens will be offered to the community to align incentives by providing them
    upside from their game play. All holders of the tokenized wallet or YGGLOK tokens can
    participate in governance and access exposure to the YGGLOK yields from the activities it
    engages in.
    See ‘YGG as an Index’ section of the Whitepaper to understand how YGG tokens become an
    index of all subDAO game play activities.
    8 https://yieldguild.medium.com/why-yield-guild-games-invested-in-league-of-kingdoms-16e6fc0533ff
    7 Players build on top of real estate assets generating more yield through activity and competitive game play
    17
    Community Programs
    The programs outlined will be further developed and mechanics agreed upon by the DAO.
    Purpose Bucket Notes Tokens (#) (%) Period
    New
    Accounts
    (Badge)
    Acquisition
    Airdrops
    35,000,000 8% 2 year
    Create guild Recruit Badge
    Airdrops for early Recruit Badge holders
    SubDAO rewards for subDAO participants
    First
    Actions Conversion Win for bonus rewards
    Bonus rewards for game winners 10,000,000 2% 2 year
    Level-Up Retention
    Leveling-Up rewards
    Reward at each of the 6 experience levels
    130,000,000 29% 4 year
    Onboarding rewards
    Rewards when tasks are completed
    Random and Seasonal Rewards
    Raffle rewards subject to approval
    Bonus for Esports participants
    Rewards whenever esports team wins a game
    Loyalty rewards
    Play games and unlock rewards
    Other Growth New game airdrops 65,000,000 14% 4 years
    DAO Management Rewards for contribution of work 80,000,000 18% 4 years
    Reserve Management Reserved for future programs 30,000,000 7% 1 year
    Staking Staking Stake YGG Tokens to unlock rewards
    Stake tokens in different vaults to earn rewards 100,000,000 22% 4 years
    Total: 450,000,000 100% 4 years
    Excess tokens that do not get distributed will be used for future programs until no more tokens
    are left to be distributed. In the latter case, the treasury may buy back YGG tokens in the future.
    18
    YGG Token
    YGG Token Value
    YGG token = A + B + C+ … +Z
    A represents the Index’s value from token yield generated by utilizing the assets of each
    subDAO as explained in the section below ‘YGG as a SubDAO Index’.
    B represents the value of all NFT assets and its reward yields.
    C represents the multiple from its growing user base.
    The rest of the functions represent YGG’s activities from NFT asset rentals, merchandise,
    esports and NFT breeding activities.
    As the metaverse NFT economy grows, especially in gaming, it will have a multiplier effect on
    the value of YGG. Aside from it being positively correlated with the metaverse economy, its
    yields are from vetted projects and revenue generating activities from those projects.
    A breakdown of YGG’s revenues and its activities are noted in the ‘Value Proposition’ section.
    YGG as a SubDAO Index
    A function of YGG token’s value is derived from the earnings or value of all its subDAO
    ownership. A subDAO enables the community to put the assets of the game to play.
    YGG Treasury will own an undefined % of each subDAO that contains a set of NFT assets. The
    community owning the rest of the % of the subDAO will be composed of players to put the
    assets to play.
    The YGG token will reflect the % ownership of each of the tokenized subDAOs, making it a
    subDAO index.
    Where,
    A = % Axie SubDAO (YGGAXS) + % Lok SubDAO (YGGLOK) + …+ % Zed SubDAO (YGGZED)
    This means, A captures the weights of ownership of all subDAOs as a function of (1) value of
    the assets in the wallet and (2) value of productivity gained from putting assets to play.
    19
    YGG Vaults
    Each vault at YGG will represent a token rewards program for specific activities or for all of
    YGG’s activities. To be able to claim an annualized yield of rewards for a specific activity, YGG
    token holders will have the option to stake in the vault they want rewards from. Token Stakers
    will also have the option to stake into an all-in-one staking system that will reward a portion of
    earnings from each vault proportionate to the amount of YGG staked.
    As an example, there can be a vault specific for breeding Axies as an activity. Token Stakers will
    receive the rewards from breeding activities proportional to their stake in the vault.
    Another example would be specific for NFT rental activity.
    By popular demand, there will also be a vault that will earn token rewards from all of YGGs
    activities, making it a super index. This would include all revenue-generating activities such as
    but not limited to subscription, merchandise, rentals, treasury growth and subDAO index
    performance.
    Each vault will have specific rules such that it can stipulate a lock-in period and/or a rewards
    escrow or vesting period in some cases. More information will be provided in separate blogs at
    official YGG channels.
    20
    Technical Roadmap
    The product development roadmap will be continually reviewed and refined over time, in
    accordance with the wishes of the YGG DAO.
    Note: Additional features or changes to products will be voted by the DAO through proposals. The roadmap specified
    on this paper can change. More updates on our technical roadmap will be provided on our official website and blog.
    In the short term, it is possible to allow users to farm or rent NFT assets. However, it will need to
    remain under centralized authority as the current ERC-721 standard does not support such a
    feature. YGG will set up a smart contract to issue ownership tokens or internally track ownership
    and rented assets in a database. The latter is a cheaper option as no gas would be paid.
    To make integration with NFTs smoother, YGG would need to push forward a new NFT standard
    allowing for renting and sharing capacities. EIP-2615 was proposed in April 2020
    (https://eips.ethereum.org/EIPS/eip-2615). We can inspire ourselves from this proposal to write
    21
    a tailored standard for our needs. In the long term we hope to motivate projects in the NFT
    scene to adopt our standard to enable renting/lending capacities.
    YGG tokens will be distributed to users through rental of YGG-owned NFT assets and via active
    guild involvement. For example, a user can farm SLP in Axie Infinity with Axies borrowed from
    YGG. SLP resulting from gameplay would be distributed back to the DAO, with a precalculated
    share of YGG tokens to be issued to the player for acting in alignment with the DAO’s goals.
    YGG tokens will be used to interact with the governance and other features.
    In the future, the provision of smart contract-based NFT lending and delegation will allow for the
    economic activity inside virtual worlds to grow and develop. While YGG will work toward
    achieving this in a trustless manner, in the short term, social coordination via the DAO will be
    used to achieve YGG’s goals until it is possible to manage these activities from smart contracts.
    After generating significant treasury growth and automating rentals through our scholarship
    program, YGG will launch a rental marketplace to open up its scholarship program(s) to other
    NFT holders. This will include other forms of non-collateralized lending for YGG members.
    22
    Team
    Core Team
    Gabby Dizon
    CEO / Co-founder
    twitter.com/gabusch
    Mobile gaming since 2004; blockchain since 2018. In 2014,
    Gabby founded the Manila-based game studio, Altitude
    Games, which released the blockchain game Battle Racers
    in 2019. He is a recognised leader in NFT gaming, an active
    member of Axie Infinity and Yearn Finance communities,
    and a board member of the Blockchain Game Alliance.
    Beryl Li
    CFO / Co-founder
    twitter.com/berylchavezli
    Blockchain since 2014. Cambridge University Alumna and
    President of Cryptocurrency Society 2016; FX Quants GCP
    at BlackRock Asset Management; Entrepreneur In
    Residence at Coins.ph (Acquired by GoJek); Co-founder at
    CapchainX (Acquired by SMKG: OTC US); Consultant to
    licensed financial institutions.
    Owl of Moistness
    CTO / Co-founder
    twitter.com/OwlOfMoistness
    Dev since 2016, blockchain since 2018. Built a breeding
    algorithm for Axie Infinity and many bots on discord to
    integrate the blockchain for NFTs. Wrote smart contracts to
    integrate discord tipping, a token wrapper for deflationary
    tokens, and farming strategies to the standard of yVaults.
    Alexei Udall
    aka Sarutobi
    Head of Partnerships
    twitter.com/Sarut0biSasuke
    Blockchain since 2017. 5+ years experience in SaaS sales
    and partnerships. Lifelong tech and gaming fanatic.
    Passionate about leveraging nascent technologies to
    promote the democratization of wealth creation and
    financial inclusivity.
    Brian M. Taylor
    aka Zee
    Operations Director
    twitter.com/itsmezeezee
    Blockchain enthusiast since 2014. Former U.S. Air Force
    Information Technology Manager/Process Improvement
    Manager. Competitive esports and TCGPlayer. Axie Infinity
    community member since launch (2018). NFT maximalist.
    Nolan Manalo
    aka Nate
    Head of Gaming Operations
    twitter.com/Nate_YGG
    Blockchain since 2016. Active member of Axie Infinity
    community. Nate is not only a passionate community
    member, Nate is the Head Coach of the YGG esports teams
    across the YGG platforms as well as being a regular Top 10
    finisher in tournaments.
    23
    Advisors
    Anil Lulla
    Co-founder / COO of
    Delphi Digital
    twitter.com/anildelphi
    Since founding Delphi Digital with two friends in 2018, Anil
    has built Delphi’s reputation on high-end digital-asset
    research and technical consultancy. Delphi oversaw
    tokenomic design for YGG and Anil will provide guidance
    and effective treasury management prior to decentralization.
    Aleksander Larsen
    aka Psycheout
    Co-founder / COO of
    Sky Mavis
    twitter.com/psycheout86
    COO of Sky Mavis, the games production company that
    developed Axie Infinity. He has represented Norway in
    Warcraft 3 and Dota, and has been ranked as one of the
    Top 200 players in Europe in Dota 2. Psycheout will provide
    valuable insight into the direction of NFT gaming and future
    platform opportunities for YGG.
    Eric Arsenault
    Partner at Metacartel
    Ventures
    twitter.com/eric_rsno
    Eric has been a leader in the DAO space since 2018. He is
    a partner and investor at Metacartel Ventures and
    ecosystem lead for Rarible DAO. Prior to that, he was at
    DAOstack and has advised many of the leading DAO
    projects. Eric will advise YGG on DAO structure and the
    process of transitioning to decentralization.
    Joe Mahon
    aka Substreight
    twitter.com/Substreight
    Joe is a well respected community builder and active
    investor in the DeFi and NFT space, having been involved
    in various projects such as yearn.finance for a number of
    years. Joe will work closely with the YGG team on matters
    of governance, decentralization of the organization, and
    scaling of the community.
    Contributors
    Emfarsis Consulting
    https://emfarsis.com/
    Emfarsis are a strategic communications company based in
    Southeast Asia specialising in NFT gaming, blockchain for
    social impact and blockchain regulatory communications.
    Nathan Smale
    Head of Marketing
    twitter.com/nsmale
    Nathan has worked with organizations across the globe to
    refine their marketing message to suit their audience. His
    blend of technical understanding layered over the top of
    digital marketing experience ensures that the community is
    related to in a genuine manner.
    Leah Callon-Butler
    Head of Communications
    twitter.com/leah_cb
    Leah is the Director of Emfarsis, overseeing all aspects of
    communications and investor relations on behalf of YGG.
    She is a renowned writer having been published on a
    variety of leading publications, such as Coindesk, and is
    known for her human interest pieces and the ability to
    simplify complex crypto concepts for general audiences.
    24
    Beep Crypto
    A Chinese community driven social media consulting firm
    focused on blockchain technology.
    Mia Bao
    China Community Lead
    weibo.com/u/6128064102?s
    sl_rnd=1609171663.7771
    Mia Bao, Founder of Beep Crypto, funding partner of
    WHALE, a blockchain influencer and educator, has built the
    TOP 1 blockchain interview “8BTC Live” and blockchain
    tech educational show “Mia Talks blockchain”. Meanwhile,
    Mia has over 100,000 fans on social media.
    Michael Arnold
    aka Akzent
    Front end Engineer
    twitter.com/marnold_mch
    Michael has built up experience in the metaverse as an
    engineer My Crypto Heroes. Michael is an esports fanboy
    and avid NFT investor.
    Elle
    aka HackingmoneyPh
    Community Manager
    twitter.com/hackingmoneyph
    Elle is an active NFT and DeFi enthusiast and researcher in
    the Philippines. She writes an NFT newsletter called Cup of
    NFT. She has written blog posts accessible on
    https://medium.com/hacking-money-ph
    Kevin Tustin
    aka Fallencorpsez
    Community Manager
    twitter.com/FallenCorpsez
    Based in Canada, Kevin has been in the blockchain space
    since 2017 actively promoting and supporting both gaming
    and trading communities.
    Lexus dela Cruz
    aka Kookoo
    Community Manager
    twitter.com/kookoo_crypto
    Kookoo has built his reputation as a leading content creator
    and community builder around NFTs and play-to-earn
    gaming in the Philippines.
    loldefi
    Designer
    twitter.com/loldefi
    Specialising in decentralized finance merchandise and
    creative consulting, loldefi taps into the passion of DeFi
    communities through physical items.
    Sushinobi
    NFT Designer
    twitter.com/Sushinobi_nft
    Hailing from the Philippines, Ed aka Sushinobi specialises
    in producing comic book design, paintings, NFT and
    tangible collectibles.
    25
    Investors
    Each investor of the YGG Seed and Series A rounds were carefully selected for their depth of
    understanding of the future potential of play-to-earn gaming in the metaverse.
    These investors, individually and as organisations, have a range of experience including
    gaming, NFTs, DeFI network protocols and some of the most respected global venture firms.
    26
    Glossary
    Core Team
    In charge of guild operations and other business-related ventures.
    Creates, implements and manages key guild features for the
    benefit of the guild. Proposes questions to DAO and also votes.
    Dividends
    A percentage of the funds gained by the treasury sent to YGG
    Token Stakers and to the Core Team. The majority of dividends
    sent to the core team are used to reinvest, build and to progress
    the guild further.
    DAO
    A Decentralised Autonomous Organisation is a method of
    governance where rules are encoded as a computer program that
    is transparent, controlled through votes of a distributed group of
    organization members rather than a single entity.
    Functional Team
    Consists of YGG community managers (regional and overarching)
    and “game masters” to help bridge the gap between the game and
    its players. Helps implement and manage key guild features.
    Communicates with the core team.
    Guild Member Badge
    During sign up all guild members receive a guild member badge.
    The guild member badge (which is also an NFT) is their wallet.
    This wallet keeps track of all of guild tokens, achievements, levels,
    and staking status.
    Metaverse
    The collective term for all the elements that make up virtual worlds,
    including the ecosystem of people and objects that form
    economies within those worlds.
    NFT
    Non fungible tokens are used to create verifiable digital scarcity, as
    well as digital ownership, and the possibility of asset
    interoperability across multiple platforms.
    Play-to-earn
    A term to describe games in which the players are able to
    generate real-world rewards for their in-game activities. These
    games are typically limited to NFT-based blockchain games as
    they rely on the rewards being transferable on an open market.
    SubDAO
    A subDAO replicates the main governance functionality of main
    DAO but has a narrow focus in its remit typically either focused on
    one gaming title, or a specific endeavor, such as esports.
    27
    TGE
    Token Generation Event refers to the launch of the DAO network
    when the governance tokens are released to participants.
    Token Stakers
    Anyone who actively stakes a set amount of YGG tokens. Holds a
    voting percentage within the DAO. Actively participates in the
    DAO, or delegates part or all of their vote.
    Treasury
    Holds all funds earned by the guild that the guild has earned
    through its direct operations.
    Level Up System
    Players level up through quests within their respective game/class
    to earn achievements, badges, rewards and prizes along the way.
    As they achieve new levels, players are rewarded with YGG
    tokens, or other prizes, such as YGG merchandise.
    Yield Vault
    Connects to the treasury. Consists of guild functions and
    investments that provide dividends to the treasury, e.g. lending and
    borrowing, yield farming tokens, staking tokens (AXS), NFT
    purchases, and other assets.
    28
    Legal Notices
    The information set forth in the White Paper or these Legal Notices (“Legal Notices”) may not be
    exhaustive and neither create a contract between you and YGG. While we make every reasonable effort
    to ensure that all information: (i) in the White Paper; (ii) available on the Yield Guild Game website
    https://yieldguild.io/, (iii) available on its Twitter account (@YieldGuild), (iv) its Discord Channel, or (v) any
    other available information moderated by YGG (collectively, the “Sites”) (all the information in the White
    Paper and all information available on the Sites hereinafter referred to as the “Current Information”) is
    accurate and up to date, such material in no way constitutes professional advice. Individuals intending to
    purchase the YGG token (each a “Token Purchase”) should seek independent professional advice prior to
    acting on any of the Current Information.
    NO REPRESENTATION & WARRANTIES
    Notwithstanding any other provision of these Legal Notices or any statement made expressly or impliedly
    in the Current Information, YGG does not make or purport to make, and hereby disclaims, any
    representation warranty undertaking or covenant in any form whatsoever to any entity or person, including
    any representation warranty undertaking or covenant in relation to the truth, accuracy and completeness
    of any of the information set out in the Current Information.
    REPRESENTATION & WARRANTIES BY YOU
    By accessing the Current Information or engaging in a Token Purchase, you represent and warrant to
    YGG:
    ● you are over 18 (eighteen) years of age;
    ● you agree, accept, and acknowledge that the Tokens do not constitute shares or equities or
    securities or financial instruments or investments in any form in any jurisdiction for any purpose;
    ● you agree and acknowledge that the Current Information does not constitute a prospectus or offer
    document of any sort and is not intended to constitute an offer of securities in any jurisdiction or a
    solicitation for investment in securities;
    ● you agree and acknowledge that no regulatory authority has examined or approved of the Current
    Information, and presently there is no plan for the Current Information to be so reviewed;
    ● the distribution or dissemination of the Current Information any part thereof or any copy thereof,
    or acceptance of the same by you, is not prohibited or restricted by the applicable laws,
    regulations or rules in your jurisdiction, and where any restrictions in relation to possession are
    applicable, you have observed and complied with all such restrictions at your own expense and
    without liability to YGG;
    ● you will not make any representation to any person regarding the Tokens that conflict with these
    Legal Notices;
    ● you agree and acknowledge that in the case where you wish to purchase any Tokens, the Tokens
    are not to be construed, interpreted, classified or treated as:
    ● debentures, stocks or shares issued by any person or entity (whether YGG or otherwise);
    29
    ● rights, options or derivatives in respect of such debentures, stocks or shares;
    ● rights under a contract for differences or under any other contract the purpose or
    pretended purpose of which is to secure a profit or avoid a loss;
    ● units in a collective investment scheme;
    ● units in a business trust;
    ● derivatives of units in a business trust;
    ● any other security or class of securities; or
    ● any type of investment
    ● you are fully aware of and understand that you are not eligible to purchase any Tokens or access
    the Current Information if you are a citizen, national, resident (tax or otherwise) of an
    internationally sanctioned country.
    ● you have a basic degree of understanding of the operation, functionality, usage, storage,
    transmission mechanisms and other material characteristics of cryptocurrencies,
    blockchain-based software systems, cryptocurrency wallets or other related token storage
    mechanisms, blockchain technology and smart contract technology;
    ● you are fully aware and understand, there are risks associated with: (A) YGG and its business
    and operations; (B) the Tokens; (C) the Token Purchase; (D) storage of the Tokens, and (E)
    relying or acting on all or any part of the Current Information;
    ● you agree and acknowledge that YGG is not liable for any direct, indirect, special, incidental,
    consequential, or other losses of any kind in tort contract or otherwise (including but not limited to
    loss of revenue income or profits or loss of use or data or loss of reputation or loss of any
    economic or other opportunity of whatsoever nature or howsoever arising) arising out of or in
    connection with any acceptance of or reliance on the Current Information, Token Purchase, or
    any part thereof by you; and
    ● all of the above representations and warranties are true, complete, accurate and not misleading
    from the time of your last access to and/or possession of (as the case may be) the Current
    Information.
    CAUTIONARY NOTE ON FORWARD-LOOKING STATEMENTS
    All statements contained in the Current Information, statements made in any press releases or in any
    place accessible by the public and oral statements that may be made by YGG or YGG representatives
    (as the case may be), that are not statements of historical fact, constitute “forward looking statements”.
    Some of these statements can be identified by forward-looking terms such as “aim”, “target”, “anticipate”,
    “believe”, “could”, “estimate”, “expect”, “if”, “intend”, “may”, “plan”, “possible”, “probable”, “project”,
    “should”, “would”, “will” or other similar terms.
    However, these terms are not the exclusive means of identifying forward-looking statements. All
    statements regarding YGG’s financial position, business strategies, plans and prospects and the future
    prospects of the industry which YGG is in are forward-looking statements. These forward-looking
    statements, including but not limited to statements as to YGG’s revenue profitability and growth, expected
    revenue profitability and growth, prospects, future plans, network plans, other expected industry trends
    and other matters discussed in the Current Information regarding YGG are matters that are not historic
    facts, but only estimations and predictions.
    YGG makes no representation or warranty on having made any predictions or estimates or expectations
    on the basis of any formula, any mathematical or scientific modelling or forecast, or having made any due
    30
    and proper enquiries or having undertaken any independent research or studies or otherwise. These
    forward-looking statements involve known and unknown risks, uncertainties and other factors that may
    cause the actual future results, performance or achievements of YGG to be materially different from any
    future results, performance or achievements expected, expressed or implied by such forward-looking
    statements. These factors include, amongst others:
    ● changes in legal, political, social, economic, and stock or cryptocurrency market conditions and
    the regulatory environment in the countries in which YGG conducts its business and/or its
    operations or where you engage in a Token Purchase;
    ● the risk that YGG may be unable or execute or implement its business strategies and future
    plans;
    ● changes in interest rates and exchange rates of fiat currencies and cryptocurrencies;
    ● changes in the anticipated growth strategies and expected internal growth of YGG;
    ● changes in the availability and fees payable to YGG in connection with its business and
    operations;
    ● changes in the availability and salaries of employees who are required by YGG to operate its
    business and operations;
    ● changes in preferences of customers of YGG;
    ● changes in competitive conditions under which YGG operates, and the ability of YGG to compete
    under such conditions;
    ● changes in the future capital needs of YGG and the availability of financing and capital to fund
    such needs;
    ● war or acts of international or domestic terrorism;
    ● occurrences of catastrophic events, natural disasters and acts of God that affect the businesses
    and/or operations of YGG;
    ● other factors beyond the control of YGG; and
    ● any risk and uncertainties associated with YGG and its business and operations, the Tokens, the
    Token Purchase and reliance on all or any part of the Current Information.
    All forward-looking statements made by or attributable to YGG or YGG representatives are expressly
    qualified in their entirety by such factors. Given that risks and uncertainties that may cause the actual
    future results, performance or achievements of YGG to be materially different from that expected,
    expressed or implied by the forward-looking statements in the Current Information, undue reliance must
    not be placed on these statements.
    These forward-looking statements are applicable only as of the later of the date of publication of the White
    Paper and the latest date that the Sites have been updated. Neither YGG nor YGG representatives nor
    any other person represents, warrants and/or undertakes that the actual future results, performance or
    achievements of YGG will be as discussed in those forward-looking statements. The actual results,
    performance or achievements of YGG may differ materially from those anticipated in these
    forward-looking statements.
    Nothing contained in the Current Information is or may be relied upon as a promise, representation or
    undertaking as to the future performance or policies of YGG. Further, YGG disclaims any responsibility to
    update any of those forward-looking statements or publicly announce any revisions to those
    forward-looking statements to reflect future developments, events or circumstances, even if new
    information becomes available or other events occur in the future

​​What is Play-to-Earn?

Play-to-earn is a new category in video gaming that rewards players for winning battles and completing tasks with tokens or other cryptocurrency-based rewards, which they are free to use in-game or trade on an open market. This represents an important shift in the gaming world, which has traditionally kept in-game assets confined to centralized platforms that did not allow transferring those assets externally.

What is an NFT?

An NFT is a unique, immutable, and verifiable representation of a physical or digital item on a blockchain. This technology allows important concepts of physical ownership, such as provenance and authentication, to be transferred digitally. In video games, NFTs also open up the potential for in-game assets to be interoperable with a range of different games and platforms.

How do NFT games work?

In NFT games, in-game assets are wholly owned by the players—not the game’s developer. These gaming-based NFTs may include characters, plots of virtual land, weapons, and so on. They can be used inside blockchain games to earn yield in the form of tokens or other rewards, which can be used in-game or traded on an open market for other cryptocurrencies or fiat money.

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