Modern Australian
The Times Real Estate

.

YGG SEA Announces its $SEA Token IDO Public Sale on Copper

KUALA LUMPUR, MALAYSIA - Media OutReach - 5 May 2022 - Yield Guild Games Southeast Asia (YGG SEA), a sub-decentralised autonomous organisation (subDAO) of blockchain gaming startup Yield Guild Games (YGG), announced the upcoming Initial DEX Offering (IDO) of its $SEA token begins on May 9th at 11:00 MYT (GMT+8) and runs until the 14th, on Copper launchpad.




The IDO will offer community members the opportunity to stake a total of 75 million tokens, representing 7.5 percent of the total supply of one billion tokens. The starting price is set at $0.50.

"The IDO is a once-in-a-lifetime opportunity to appreciate our community's unconditional support," said YGG SEA Co-founder Irene Umar. "We are where we are because of the community and we would like the community to own a piece of YGG SEA through the IDO."

As the governance token of YGG SEA, $SEA gives community members the right to vote on governance proposals, ecosystem reward allocations, most desired features and reward models that reflect local needs, and whitelist opportunities for both non-GameFi/GameFi non-fungible tokens (NFTs).

The Token Launch Auction on Copper allows for real-time price discovery, open and permission-less participation, and fair distribution of tokens. It disincentivises front-running bots and whales to get the $SEA token into the hands of as many participants as possible, a commitment the guild takes to provide a fair and transparent playing field for everyone who wants to participate in the IDO.

Surpasses 10,000 Scholarships in Just Six Months of Launch

In YGG Ecosystem, the goal is not just to onboard players as scholars; but to also be the bridge that brings the Web2 community into Web3 space through GameFi. It has been aggressively onboarding scholars through heavy localisation and a grassroots level approach in each country.

Invested in 76 projects, it has already offered 10,000 players scholarships since November 2021, which is a revenue-sharing program lending YGG SEA's game assets such as NFTs to players who cannot afford them to start playing play-to-earn (P2E) games. Players, in turn, share a fraction of the in-game rewards with YGG SEA.

This presents an economic opportunity by onboarding more people to blockchain across Southeast Asia which will help local players to benefit financially from P2E game model.

Players can participate in the YGG SEA scholarship by joining the guild's Discord channel, and the program provides training, mentorship, and a plethora of other benefits.

$15 Million from Marquee Investors a testament to the Potential of Play-to-Earn Model as the Future of Gaming Industry

With offices in Malaysia, Indonesia, Thailand, and Vietnam, it plans to expand into three additional countries within six months, with ambition to achieve complete SEA coverage by 2024.

YGG SEA also entered a new partnership last week with Solana Ventures, the investment arm of Solana Labs, to bolster its subDAO's operations in Southeast Asia while providing resources and training to blockchain game developers in Southeast Asia.

Evan Spytma, CEO and Co-Founder of YGG SEA said, "The demand for P2E games is higher than ever, especially in ASEAN countries. The new partnership with Solana Ventures will give YGG SEA a boost in offering the best resources to players and developers in Southeast Asia."

YGG SEA had earlier secured $15 million across two different private funding rounds which the proceeds will be used to boost the adoption of play-to-earn gaming in ASEAN countries.

While the initial round was led by YGG and Infinity Ventures Crypto (IVC), the follow-up round saw participation from notable marquee investors headlining by Crypto.com Capital, Animoca Brands, Polygon, United Overseas Bank (UOB) Venture Management, and others.

About YGG SEA

, the first subDAO of Yield Guild Games, is a decentralized autonomous organization for acquiring and managing NFTs used in the metaverse. Its mission is to create the biggest and most sustainable play-to-earn virtual economy in Southeast Asia. YGG SEA is a founding member of the Asia Blockchain Gaming Alliance.

For more information, visit: | | |
#YGGSEA


The issuer is solely responsible for the content of this announcement.

The Best Nail Art for Short Nails

Short nails often get overlooked in the world of nail art, but they’re actually the perfect canvas for stylish, sophisticated designs. Whether you...

How Much Does a Skip Bin Cost? Skip Bin Prices, Sizes & What Influences the Price

Regardless of whether you're renovating a house. You are tidying up your backyard, or running a construction site. Chances are you'll require a skip...

Panoramic Elevators: Combining Functionality with Aesthetic Appeal

In the evolving world of building design, the demand for architectural features that are both practical and visually striking continues to rise. One...

No Dig, No Drama: Sydney Pipe Relining Explained

You know that feeling when water starts pooling where it shouldn't? Or received a quote for pipe repairs that made your eyes water? Let's chat about...

The SEO Benefits of AI-Optimized Landing Pages: Smarter Metadata, Faster Load Times

Landing pages are integral to the conversion funnel in digital marketing. Yet, when SEO works well to drive traffic to the landing page, it's just a...

How to Reduce Turbo Lag with an Upgraded Mazda BT-50 Exhaust System

Are you struggling with turbo lag affecting your driving experience?  Did you know upgrading your Mazda BT-50 exhaust system could be the key to u...

How to Segment Email Lists Based on Content Engagement (Not Just Demographics)

Email segmentation generally refers to age, location, gender demographic, and conventional elements. While this could be helpful information, it doe...

6 Qualities to Look for in Local Caravan Dealers

If you're searching for reliable caravan dealers in Campbellfield, it's essential to choose a dealer that offers quality products, excellent custome...

How to Repair a Faema Coffee Machine: A Practical Guide for Coffee Lovers

Introduction If you’re the proud owner of a Faema coffee machine, you already know that it’s more than just a kitchen appliance — it’s a vi...

Smart Health Decisions in Your 30s, 40s, and 50s: The Ultimate Prevention Guide

Making informed health decisions becomes increasingly important as we navigate through different life stages. What may have seemed unimportant in our ...

Sydney’s Electricians Helping Cut Business Costs

Running a business in Sydney isn’t cheap. Between rent, wages, equipment, insurance, and endless operational costs, it’s no wonder business owne...

Can Air Conditioning Help with Allergies and Asthma?

Living with allergies or asthma can make everyday environments feel challenging—especially during certain seasons or in homes where dust, pollen, ...

A Fast Charging Power Bank and Wireless Power Bank: The Future of Power Bank Technology

As the use of mobile devices grows, so does the demand for better, more efficient, faster, and more imaginative methods to power them. Previously re...

How to Extend the Lifespan of Your Power Bank: An Overview

Power banks are vital for ensuring your devices are powered while on the go, especially when on the move, outdoors, or during emergencies. They prov...

What is a Power Bank and How To Choose One

In a world filled with gadgets running out of battery is a real issue. This is where power banks can come in useful. They're portable, they hold pow...

Portable Chargers: How They Work & Essential Tips to Extend Battery Life

Portable chargers (also known as power banks) are essential accessories that keep your devices powered up while on the go — be it outdoor activiti...

How Artificial Tulip Displays Enhance Your Home’s Aesthetic

Artificial tulip displays have grown to be a common option for improving interior decor because of their exquisite look and long-lasting quality. Th...

The Psychology of Relationships: How Therapy Can Strengthen Bonds

Relationships require effort, understanding and communication. Couples and individuals can have better relationships with the assistance of therap...