[PRESS RELEASE – Taipei, Taiwan, 3rd May 2022]
Yield Guild Games Southeast Asia (YGG SEA), a sub-decentralized autonomous organization (subDAO) of the Philippines-based BlockchainGaming startup Yield Guild Games (YGG), today announced the upcoming Initial DEX Offering (IDO) of its SEA token on the Copper Launch Pad.
The SEA Token Launch Auction starts on May 9th at 15:00 UTC on the Copper platform and runs until May 14th. A total of 75 million SEA tokens have been allocated to the public sale of IDO, representing 7.5% of the total supply of 1 billion tokens. The starting price is $0.50.
“IDO is a unique opportunity to recognize the unconditional support of our community,” said Irene Umar, co-founder of YGG SEA. “We are where we are because of the community and we want the community to own a piece of YGG SEA through the IDO. DYOR, all I can say is what you are seeing today is just the beginning of what will unfold over the coming months.”
SEA is the governance token of YGG SEA. It gives community members the right to comment on governance proposals, ecosystem reward allocations, most desired features/reward models reflecting local needs, and whitelist opportunities for both GameFi and non-GameFiNFTs vote.
With the community at the heart of YGG SEA, the guild is committed to giving everyone the opportunity and time to participate in the IDO in a fair and transparent manner. Copper is the most decentralized and user-friendly way to participate in a specific configuration of Balancers Liquidity Bootstrapping Pools (LBPs), allowing for a more equitable distribution of tokens for all participants.
The Token Launch Auction on Copper enables real-time pricing, open and permissionless participation, and fair distribution of tokens. It discourages front-running bots and whales from getting the SEA token into the hands of as many participants as possible.
YGG SEA is the leading guild for Southeast Asia that has invested in 76 projects since November 2021. Ten games have become available to members of the YGG SEA guild, and many more will be released later this year. It currently has offices in Indonesia, Thailand, Malaysia and Vietnam. Following the IDO, YGG SEA plans to expand to three more countries within six months, with full SEA coverage planned by 2024.
About YGG SEA
YGG SEA, Yield Guild Games’ first subDAO, is a decentralized autonomous organization for the acquisition and management of NFTs used in the metaverse. Its mission is to create the largest and most sustainable virtual economy in Southeast Asia. YGG SEA is a founding member of the Asia Blockchain Gaming Alliance.
Source: Crypto News Deutsch