Is Yield Guild Games (YGG) a Good Investment?

Yield Guild Games could be an interesting crypto asset to include in your portfolio if you wish to invest in and profit from the GameFi sector of the crypto market. As a project focused on driving participation in the P2E market through its initiatives, the Yield Guild Games price could head higher as more players enter the world of blockchain gaming through its platform. As more players use YGG’s NFTs to play popular blockchain games in the market, the guild could earn higher revenues, helping the YGG to USD price head higher. The Yield Guild Games price could also increase as the DAO announces investment in more blockchain gaming projects. In addition, news of new fundraising for the YGG project from prominent investors further contributes to an uptrend in the price of Yield Guild Games token. Such information increases investor confidence and helps boost the YGG price statistics. While it is impossible to make an accurate Yield Guild Games price prediction over any duration, rising adoption of its services by gamers worldwide, new partnerships forged and gaming projects supported by the DAO, news of increased investment in the project, a bullish sentiment among investors towards the crypto market could contribute to taking the Yield Guild Games price and market capitalization higher.

What is YGG Token Used For?

$YGG is the native token of Yield Guild Games. Here are some of its most popular applications: Governance Token YGG token holders can become members of the Yield Guild Games’ decentralized autonomous organization (DAO). The members can then enjoy voting rights on others’ proposals and submit their own proposals on how the initiative’s future evolves, what new games the guild can support, and other recommendations on how to raise revenue. Staking $YGG can also be staked via the YGG Reward Vaults. Staking YGG via this feature helps you provide more value to the ecosystem and the token.Crypto Asset to Trade and HODL Trade YGG against other cryptocurrencies to profit from changes in market conditions. You can buy or sell Yield Guild Games against other digital assets or hold it long-term if you believe in the future potential of the Yield Guild Games project. Check the current price of Yield Guild Games, YGG live market cap, circulating supply, and 24-hour trading volume, and analyze the Yield Guild Games price chart before you trade YGG in the market. Earn Passive Income on KuCoin You can generate passive income by holding YGG via the KuCoin Crypto Lending service. Use this feature to lend liquidity for YGG on our platform over seven days, 14 days, or 28 days. You can earn attractive daily interest and grow your YGG holdings in a secure and risk-free manner.

Who are the Competitors of Yield Guild Games?

Other crypto companies in the gaming space that can be considered as Yield Guild Games’ competitors include Polemos, Playkey, and Horizon. Other companies in an area similar to YGG include Ancient8, Freedom Nation, 3D Gaming Guild, Black Sheep Guild, and more. As the GameFi sector expands and becomes even more lucrative for players and developers, Yield Guild Games could face stiff competition from more entrants into the gaming guild space. Such initiatives aim to lower barriers to entry into blockchain gaming and ensure that more players enjoy opportunities to earn from playing games.

How to Play Yield Guild Games

Here’s how you can enter the world of play-to-earn gaming with the help of Yield Guild Gaming: 1. Visit the Yield Guild Gaming app page. Connect your wallet to the app. 2. Mint your Guild Badge. This NFT serves as your key to entering the YGG metaverse and officially becoming a part of the gaming guild. Ensure your wallet has sufficient funds to mint the badge by buying ETH on KuCoin or other supported platforms and transferring your tokens into your wallet. 3. Contribute to the guild by participating on its Discord channel or interacting with its official accounts on social media. You can win rewards such as tokens or NFTs for your contributions. 4. As a member of the YGG gaming guild, you can start borrowing NFTs to participate in P2E games the guild has partnered with, e.g., Axie Infinity. The rewards you earn can then be used to buy NFTs from the guild or cashed out.

How to Earn Via Yield Guild Games

Yield Guild Games offers several ways to generate revenue and grow your crypto holdings. Let’s take a look at some of the popular options: Trade and HODL YGG You can buy or sell YGG in the crypto market to profit from changing market conditions. Check the latest Yield Guild games price, market cap, and crypto news before trading YGG to minimize losses. Stake YGG Via Reward Vaults Stake your $YGG tokens via the YGG Reward Vaults based on the game you wish to support. The DAO will use the tokens you stake via these vaults to invest in NFTs that can make playing the particular game more accessible. You can earn rewards in YGG for contributing and growing your token holdings. Lend Liquidity on KuCoin KuCoin’s Crypto Lending feature offers a safe and risk-free way to earn YGG. Lend liquidity for the token over seven days, 14 days, or 28 days to earn daily interest and grow your holdings safely.

How to Buy Yield Guild Games (YGG)

Price of Yield Guild Games (24h)$0.8409495665057293

8.25%

Real-Time YGG Rate Converter

Interested in buying Yield Guild Games (YGG) or exploring other cryptocurrencies? This is the right place for you! KuCoin offers safe and easy ways to let you buy Yield Guild Games (YGG) instantly wherever you are! Check out all the ways you can buy YGG on KuCoin.

Buy Yield Guild Games (YGG) on KuCoin in Four Simple Steps

Create Your Free KuCoin Account

Sign up on KuCoin with your email address/mobile phone number and country of residence, and create a strong password to secure your account.

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Ensure stronger protection of your account by setting Google 2FA code, anti-phishing code, and trading password.

Verify Your Account

Verify your identity by entering your personal information and uploading a valid Photo ID.

Add a Payment Method

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Buy Yield Guild Games (YGG)

Use a variety of payment options to buy Yield Guild Games on KuCoin. We'll show you how.

Choose How You Want to Buy Yield Guild Games on KuCoin

Buying cryptocurrencies is easy and intuitive on KuCoin. Let's explore the different ways of buying Yield Guild Games (YGG).

Buy Yield Guild Games (YGG) with crypto on the KuCoin Spot Market

With support for 700+ digital assets, the KuCoin spot market is the most popular place to buy Yield Guild Games (YGG). Here's how to buy:

1. Buy stablecoins such as USDT on KuCoin using the Fast Trade service, P2P, or through third-party sellers. Alternatively, transfer your current crypto holdings from another wallet or trading platform to KuCoin. Make sure your blockchain network is correct, since depositing crypto to the wrong address may result in loss of assets.

2. Transfer your crypto to a KuCoin Trading Account. Find your desired Yield Guild Games (YGG) trading pairs in the KuCoin spot market. Place an order to exchange your existing crypto for Yield Guild Games (YGG).

Tip: KuCoin offers a variety of order types to buy Yield Guild Games (YGG) in the spot market, such as market orders for instant purchases and limit orders for buying crypto at a specified price. For more information about order types on KuCoin, click here.

3. As soon as your order is successfully executed, you will be able to see your available Yield Guild Games (YGG) in your Trading Account.

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How to Store Yield Guild Games (YGG)

The best way to store Yield Guild Games (YGG) varies based on your needs and preferences. Review the pros and cons to find the best method of storing Yield Guild Games (YGG).

Store Yield Guild Games in Your KuCoin Account

Holding your crypto in your KuCoin account provides quick access to trading products, such as spot and futures trading, staking, lending, and more. KuCoin serves as the custodian of your crypto assets to help you avoid the hassle of securing your private keys on your own. Make sure to set up a strong password and upgrade your security settings to prevent malicious actors from accessing your funds.

Hold Your Yield Guild Games in Non-Custodial Wallets

"Not your keys, not your coins" is a widely recognized rule in the crypto community. If security is your top concern, you can withdraw your Yield Guild Games (YGG) to a non-custodial wallet. Storing Yield Guild Games (YGG) in a non-custodial or self-custodial wallet grants you complete control over your private keys. You can use any type of wallet, including hardware wallets, Web3 wallets, or paper wallets. Note that this option may be less convenient if you wish to trade your Yield Guild Games (YGG) frequently or put your assets to work. Be sure to store your private keys in a secure location as losing them may result in the permanent loss of your Yield Guild Games (YGG).

What Can You Do with Yield Guild Games (YGG) on KuCoin?

Hold

Store your Yield Guild Games (YGG) in your KuCoin account.

Trade

Trade Yield Guild Games (YGG) in the spot and futures markets.

Earn

Earn passive income by staking or lending Yield Guild Games (YGG).

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FAQ

Is OriginTrail (TRAC) a Good Investment?

OriginTrail's utility lies in its decentralized protocol for data sharing and supply chain management. It aims to enhance transparency and trust in supply chain processes.

Assessing the potential value and growth of OriginTrail as an investment would require evaluating the protocol's adoption, partnerships with industry players, and the overall demand for such solutions.

In addition, the OriginTrail price could also strengthen as investor sentiment toward cryptocurrencies improves. A positive mood in the crypto market encourages buying activity, boosting the TRAC price statistics.

What is OriginTrail Price Prediction?

While we cannot offer a reliable TRAC price prediction over any timeframe, you could monitor several key factors to understand volatility in the token better:

Adoption of OriginTrail Protocol

Adopting the OriginTrail protocol by businesses, organizations, and supply chain stakeholders can positively impact the demand for TRAC tokens. Partnerships and collaborations with industry players, especially those that drive real-world usage and integration, can contribute to the TRAC price appreciation.

Future Upgrades to OriginTrail

The development progress, upgrades, and enhancements to the OriginTrail protocol can influence investor confidence and market sentiment toward $TRAC. Improvements in scalability, security, interoperability, and the introduction of new features can positively impact the OriginTrail price.

Investor Sentiment Toward TRAC Crypto

The sentiment and behavior of investors, including market speculation and trading activity, can impact the short-term price movements of OriginTrail. News, social media trends, and investor perception can contribute to price volatility in TRAC tokens.

Crypto Market Sentiment

The overall market sentiment and conditions in the cryptocurrency market can significantly impact the price of OriginTrail. Factors such as market volatility, investor sentiment, regulatory developments, and macroeconomic trends can influence the demand and supply dynamics of TRAC tokens.

What Is TRAC Token Used For?

TRAC is the native cryptocurrency of the OriginTrail ecosystem and has the following use cases:

Utility Token

TRAC is a utility token that drives the entire Decentralized Knowledge Graph (DKG) of the OriginTrail protocol and is necessary for publishing data and maintaining the integrity of the decentralized knowledge graph. It is used for incentivizing protocol behavior and performing operations within the network.

Operating DKG on OriginTrail

The TRAC token is utilized for the operations related to the Decentralized Knowledge Graph (DKG) of OriginTrail. It enables participants to contribute to and interact with the knowledge graph, ensuring trust and transparency in supply chain data.

Creating Web3-grade Assets on OriginTrail

TRAC plays a crucial role in enabling the creation and utilization of these assets within the DKG. TRAC drives the creation of web3-grade assets within the OriginTrail ecosystem, facilitating secure and transparent data exchange in global supply chains and corporate environments.

Buy, Sell, or Hold OriginTrail (TRAC)

Trade OriginTrail tokens against other crypto assets on KuCoin Spot Market or other supported platforms to profit from changing market conditions and volatility. Buy or sell TRAC or hold it long-term if you have faith in OriginTrail’s potential as an investment opportunity. Remember to DYOR before entering any new positions in the crypto market.

How to Stake TRAC on OriginTrail

OriginTrail has lets TRAC holders lock their tokens on the network to participate in operating nodes and helping secure the network. Before starting, note that you need at least 50,000 TRAC tokens to post as security collateral when running your OriginTrail V6 node.

Staking TRAC to run a node on the network requires some level of technical expertise. For more information on how to do this, refer to the official OriginTrail documentation to understand the staking process better.

What is OriginTrail Tokenomics?

The total supply of TRAC is fixed at 500 million. As of May 2023, the circulating supply of TRAC is a little over 393 million.

In addition, the OriginTrail ecosystem is also powered by the OriginTrail Parachain Token (OTP), which is used to facilitate transactions in the OriginTrail consensus layer. The total supply of OTP tokens is fixed at 1,000,000,000. The token distribution of OTP is given below:

1. 45% was allocated to kickstart incentivization pools.

2. 25% went for the initial auction distribution.

3. 25% was assigned to the Treasury.

4. 5% was distributed among the OriginTrail community.

Yield Guild Games (YGG) Price Analysis

Live Price

The live price of YGG is 0.8743 USD, representing an increase of 9.97% in the past 7 days and 8.25% increase in the past 24 hours.

Historical Trends

The all-time high of YGG was 11.49 USD on 11-20, 2021, from which the coin is now down -92.39%.
The all-time low of YGG was 0.1191 USD, from which the coin is now up 86.37%.

ATL$ 0.1191

ATH$ 11.49

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Disclaimer

Given the nature of the crypto market, the price of Yield Guild Games (YGG) is subject to high market risk and price volatility. We recommend you invest in digital assets only after you understand how they work and their associated risks. Other factors to consider when devising your crypto investment strategy include your experience level, financial situation, investment objectives, and risk tolerance. You could also consult an independent financial advisor before buying cryptocurrencies. The above information is not financial advice, and past performance is not a reliable indicator of how the market will fare in the future. The value of your investments and assets may rise or fall based on market conditions, and there is no guarantee that you will get back the amount you invest or profit from your investments. Your investment decisions are your sole responsibility, and KuCoin is not responsible for any losses you may incur when you buy crypto on its platform. We rely on third-party sources for price and other data related to the cryptocurrencies listed above, and we are not responsible for its reliability or accuracy. The information is provided to you solely for informational purposes and is not warranted by KuCoin.