In Brief
Yield Guild Games (YGG) Introduces $LOL Token: YGG has launched the $LOL token through its YGG Play Launchpad, a new platform designed to enhance player engagement with new blockchain games.
Reward System and Tokenomics: Players can earn YGG Play Points and $LOL tokens by participating in activities and staking, with a total supply of 5 billion $LOL tokens aiming for a fully diluted valuation of $900,000.
Exclusive Features and Future Plans: The platform highlights exclusive perks through its VIP Staking System and outlines multiple campaign phases, including community rewards and liquidity plans.
Yield Guild Games, a pioneer in the Web3 gaming space, has further expanded its ecosystem with the introduction of the YGG Play Launchpad. The launchpad is designed to offer gamers an engaging way to interact with upcoming games by completing quests and earning points, thereby bridging the gap between players and blockchain game developers. The prime focus during its initial phase is on promoting LOL Land, a game supported by the launchpad.
Inspired by @iiqwiix’s tweet on X, I decided to share some information about YGG PLAY and LOL Land.
Earning Mechanisms and Player Engagement
At the core of the YGG Play Launchpad’s offering is its unique player reward system, where engagement is quantitatively measured through YGG Play Points. These points accrue based on players’ participation and are pivotal to securing priority in future token launches and exclusive events. The system is set to update these points daily, thereby ensuring a transparent and consistent measure of player engagement.
Launch of the $LOL Token
The $LOL token, central to this new campaign, serves as both a reward and a loyalty token within the LOL Land ecosystem. Scheduled to officially launch on the Abstract Chain on November 1, it will facilitate various in-game activities and benefits, including staking for leveling up VIP ranks. Unlike traditional gaming tokens, $LOL will only be tradable on decentralized exchanges, ensuring direct community involvement in its liquidity.
Key dates for the community include:
October 15: Commencement of quests and points earning on the Launchpad.
October 29-31: Period for players to contribute and earn $LOL using $YGG and Play Points.
Financial Structure and Token Distribution
The launchpad is setting out to secure $90,000 worth of $YGG through its campaign, which will directly support the in-game LOL Pool. The creation of a liquidity pool containing $180,000 in $YGG/$LOL aims to facilitate robust in-game transactions, with a 1% swap fee bolstering the pool until it hits a $1 million threshold, after which funds will go towards a Player Rewards Pool.
The $LOL token’s distribution is strategically planned, with reserves set aside for future in-game rewards and emissions, development teams, and airdrop rewards. Notably, 0% of the tokens are allocated to YGG Play to promote complete community ownership.
Campaigns and Future Prospects
The Play 2 Airdrop (P2A) initiative is another highlight, offering LOL Land players the chance to earn $LOL tokens by engaging with the game. This airdrop, distributed over two seasons, rewards players based on expenditure and activity metrics.
Looking ahead, YGG Play Launchpad aims to incorporate more games and events, enriching the ecosystem with diverse gaming experiences and opportunities for gamer interaction and contribution. Through introducing innovative game discovery platforms like YGG Play, Yield Guild Games continues to pave the way for a future where gamers play significant roles in the development and expansion of the games they love.
