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  • binance-staked-solBinance Staked SOL (BNSOL) $ 178.93
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  • arbitrum-bridged-wbtc-arbitrum-oneArbitrum Bridged WBTC (Arbitrum One) (WBTC) $ 114,282.00
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Altcoins

Surprise Altcoin Announces Allocation of 50 Million Tokens for Its Ecosystem – Price Fluctuates

By admin
0 3

Surprise Altcoin Announces Allocation of 50 Million Tokens for Its Ecosystem – Price Fluctuates

Yield Guild Games (YGG) announced the establishment of a new Onchain Guild and the allocation of 50 million YGG altcoins (worth approximately $7.5 million) to the ecosystem funding pool to explore revenue generation strategies.

YGG’s Onchain Guild structure is fully decentralized. This new structure utilizes guild assets exclusively for private transactions; it does not accept third-party capital and does not offer investment services.

The ecosystem funding pool is managed by YGG Corporate Development Manager Serge-Raymond Nzabandora and Head of Corporate Development Andy Chou.

Following the news, the price of the YGG token saw an increase of approximately 4%.

YGG co-founder Beryl Li made the following statement:

“We’ve already seen how guilds can organize, contribute, and generate revenue by sharing digital ownership. With the Ecosystem Pool, we’re demonstrating that YGG guilds can more actively manage their treasury assets, use them strategically, and strengthen the ecosystem’s financial foundation. We hope this approach will inspire more Onchain Guilds to gain new capabilities, strengthen economic foundations, and create greater impact for their communities.”

*This is not investment advice.

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