Tue, April 16

Blockchain-Based Game YGG Raises Over $12M in 31 Second

Blockchain-Based Game YGG Raises Over $12M in 31 Second Blockchain News
  • Yield Guild Game (YGG) raised nearly $12.5 million.
  • 32 wallets drained the allocation in 31 seconds.
  • The token planned to start trading on SushiSwap.

Yield Guild Game (YGG), is a game that played to earn gaming guild, bringing players together to earn through blockchain-based economies. YGG has completed its initial decentralized exchange (DEX) offering through SushiSwap’s Miso platform today.

Accordingly, SushiSwap’s Miso observed YGG raised nearly $12.5 million on Tuesday, July 27. With the token sale distributing 25 million tokens or 2.5% of the project’s 1 billion token supply through a dutch auction. Each YGG tokens are sell out for nearly $0.50.

Moreover, the frustrated investors denounced the sale after 32 wallets drained the allocation in 31 seconds. Even though YGG’s Discord membership exceeds 47,000.

Furthermore, the single address appears to have been able to capture 4.5 million tokens or 18% of the coins available in the offering.

Gabby Dizon, co-founder of YGG stated, “the project has been in touch with some of the buyers, noting the purchasing addresses represented groups of long term community members who had [pooled] capital together for a large purchase”

More so, the YGG co-founder has also mentioned, the token planned to start trading on SushiSwap today with a lot of liquidity. Furnishing investors additional opportunities to access the YGG token.

Dizon expressed his gratitude to the project’s community for its support and participation, also Dizon noted,

“We’re looking forward to kicking off our community airdrop where YGG tokens will be given to the most active and engaged members of our guild. Especially those who have been with us from the beginning”.

Even more, YGG will complete the community airdrop distributing tokens to its most active members. Soon, YGG will launch its community mining program.

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