Yield Guild Games token sale was sold out within 31 seconds! With an auction price of 0.49984 USDC per token, TGG sold all 25 million YGG Tokens raising a total of $12,496,000.
The impressive (and disappointing) thing about the sale is that 32 participants bought all the available supply which left out many community members who wanted to acquire some YGG tokens.
Although, 45% of the total YGG token supply has been reserved for the community and will be distributed in multiple ways, including Discord airdrops to those who are actively engaged.
Yield Guild Games aims to become a Decentralized Autonomous Organization for games, it’s the biggest of its kind gaming guild with thousands of members, mostly from the Philippines. YGG manages a huge scholarship program in Axie Infinity and has invested in multiple upcoming blockchain games.
For your chance to get YGG tokens, they will become available for trading tomorrow, July 28th on decentralized exchanges like SushiSwap.
For information regarding the use case of the token, which will primarily serve as the guild currency through a DAO, visit the whitepaper.
George has a native interest in emerging technologies and he’s a strong advocate of decentralization. He is the founder and manager of egamers.io as well as an IT student.