Yield Guild SEA to launch a new token for sub-network for 2022

While functioning as a sub-decentralised autonomous organisation (Sub-DAO), for Yield Guild Games, Yield Guild SEA will be launching its own unique digital token. Known as the SEA Token, it will be launched via the Copper platform in early-2022.

The guild will release a total of 1 billion SEA tokens, which will serve as a unique governance token for the Yield Guild SEA platform. As the name would suggest, SEA tokens will allow holders to have a say in the longer-term trajectory of the project.

“We believe that ownership of the SEA token represents economic freedom through the Metaverse,” the company said in a statement. “The troops are stakeholders, not spectators – every member is both owner and operator-at-arms.”

For the time being, only 7.5% of these tokens will be available on the open market, while a further 25% would be gradually distributed amongst the community. Along with serving as a pathway to governance, they are to provide a direct incentive for activity within the YGG community.

10% of token allocation would also be used to support yield farming within the ecosystem across the first five years of activity.

Yield Guild – Token launch

In order to prosecute its launch, YGG SEA will be using a balancer liquidity bootstrapping pool. Doing so would allow the sale to occur over a set period while operating on a Dutch auction mechanic; where the price gradually decreases over time, until market forces pick up.

Another net incentive for would-be holders, is an incentive program which rewards users who buy and stake within the platform for 52 weeks. Those who do will be eligible to a share of over 10 million SEO tokens on top of their staking rewards.

For more information about the YGG SEA token, visit the website here.

And continue the discussion in our Telegram group, and don’t forget to follow BlockchainGamer.biz on Twitter and YouTube.

Leave A Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.