Yield Guild Games Southeast Asia (YGG SEA), a sub-decentralized autonomous organization (subDAO) of the Philippines-based BlockchainGaming startup Yield Guild Games (YGG), has announced that it plans to conduct a public sale of Initial DEX Offering (IDO) between May 9th and May 14th. The IDO will be hosted on the Copper Launchpad and will begin at 15:00 UTC on May 9th.
A total of 75 million SEA tokens will be up for grabs during the IDO public sale, representing 7.5% of the total SEA token supply, which amounts to 1 billion tokens.
The starting price of SEA during the IDO is $0.50.
Commenting on the IDO, YGG SEA co-founder Irene Umar said:
“IDO is a unique opportunity to recognize the unconditional support of our community. 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.”
Following the IDO, YGG SEA plans to expand to three more countries over a six-month period, with the goal of achieving full coverage by 2024.
What is YGG SEA?
YGG SEA is a decentralized autonomous organization for the acquisition and management of NFTs, used in the Yield Guild Games metaverse. It is the first subDAO of Yiled Guid Games and its mission is to create the largest and most sustainable play-to-earn virtual economy in Southeast Asia.
YGG SEA is also a founding member of the Asia Blockchain Gaming Alliance.
The SEA token
SEA Token is the native token of the YGG SEA and acts as a governance token. It gives members the right to vote on governance proposals, desired features, and reward models that reflect local needs, ecosystem reward allocations, and whitelist opportunities for GameFi and non-GameFi NFTs.
The YGG SEA Guild gives every member of the community the opportunity to participate in the IDO.
Source: Crypto News Deutsch