Here’s everything you need to know about $SEA.
Yield Guild Games Southeast Asia, also known as YGG SEA, aims to create the most extensive and sustainable play-to-earn (P2E) virtual economy focused on Southeast Asia. We are a decentralized autonomous organization (DAO) for acquiring and managing non-fungible tokens (NFTs) used in the metaverse. We aim to be a guild for the people and by the people.
This article will go over everything you need to know about YGG SEA’s token, $SEA, including utility, value, governance, and allocations, as well as a roadmap for future plans.
Token Summary
The YGG SEA token, $SEA, will be launched as a governance token to manage the Southeast Asia subDAO as a way to give power back to the community. It will be native to the Ethereum blockchain. The total supply of $SEA is 1,000,000,000. The team carefully designed the allocation schedule to lock up the tokens reserved for founders, team members, investors, and advisors.
Token Utility
$SEA may be used for the following, subject to subDAO member proposals and voting, as a non-exhaustive indication of how subDAO members may interact with the ecosystem:
- Allocate $SEA for token rewards related to its overall Southeast Asia activities;
- Allocate $SEA for rewards related to specific events;
- Allocate $SEA for exclusive content;
- Allocate $SEA to vote and participate in the subDAO;
- Allocate $SEA to subscribe to exclusive merchandise;
- Use $SEA to pay for services in its network.
Value Creation
$SEA is what connects the metaverse across Southeast Asia. It’s value will grow as activities expand across an array of P2E functions, including:
- Revenue generated from lending in existing guild cohorts and upcoming P2E games;
- Best-in-class treasury management of GameFi assets in the form of yield farming;
- Investing in the earliest rounds for token and NFT of international and local game titles;
- NFT utilization and growth;
- Esports and regional liquidity partnerships.
Token use-cases should offer teams the best paths to consolidate product, business sustainability, a cooperative community, growth, and, of course, regulatory compliance.
Additionally, YGG SEA will benefit the DAO in the following ways:
- Access to investment opportunities in new games and stronger collective bargaining;
- Preferential rates and access to borrow main DAO in-game assets;
- Future token swap initiatives for additional value capture and index alignment;
- Access to unique player assets and benefits;
- Access to incubation studio and P2E influencer launchpad;
- Early access to new game titles and assets;
- Exclusive DAO NFTs with vested utility.
As the metaverse NFT economy grows, especially in gaming, it will have a multiplier effect on the value of YGG SEA. Aside from it being positively correlated with the metaverse economy, its yields are from vetted projects and revenue-generating activities from those projects.
Governance Structure
$SEA holders will eventually replace the team as administrators of the protocol. A key element for YGG SEA’s governance is to eventually become as permissionless as possible in the future while still pursuing planetary growth and fast execution. Any guild member in the YGG SEA network can send their proposals through the YGG SEA website in order for the ecosystem to cast their votes. Decisions will be based on the majority of votes.
Proposals and voting include the following topics:
- Technology;
- Products and projects;
- Token distribution;
- Governance structure.
Token Distribution: Allocation Chart
Token Release Schedule
To align incentives of all community members and stakeholders within the DAO, tokens will be vested for all categories except tokens sold in the public sale. See below for the token release schedule in linear scale.
YGG SEA Roadmap
As YGG SEA continues to grow, we have many exciting developments planned for $SEA. The product development roadmap of YGG SEA largely mirrors that of the YGG DAO, such that it will offer the same product rollouts, i.e., renting/lending of NFT assets.
- A key advantage will be leveraging the tech resources to act upon local insights for the co-development of subDAO specific tools;
- Initial resources will be focused on the operational aspects of smooth user acquisition, partnership/launch support, and liquidity for YGG SEA tokens and in-game tokens across local exchanges;
- Reliance on YGG tech, resources, treasury.
All subDAO token holders may propose and vote to create mechanisms for YGG SEA tokens to be distributed to users through the rental of YGG SEA-owned NFT assets and via active guild involvement. For example, a user can farm SLP in Axie Infinity with Axies borrowed from YGG SEA. SLP resulting from gameplay would be distributed back to the DAO, with a precalculated share of YGG SEA tokens to be issued to the player for acting in alignment with the DAO’s goals. YGG SEA tokens will be used to interact with the governance and other features.
In the future, the provision of smart contract-based NFT lending and delegation will allow for the economic activity inside virtual worlds to grow and develop. While YGG SEA will work toward achieving this in a trustless manner, in the short term, social coordination via the DAO will be used to achieve YGG SEA’s goals until it is possible to manage these activities from smart contracts.
After generating significant treasury growth and automating rentals through its scholarship programs, YGG SEA will launch a rental marketplace to open up its scholarship programs to other NFT holders.
About YGG SEA
YGG SEA, the first subDAO of Yield Guild Games, is a decentralized autonomous organization for acquiring and managing NFTs used in the metaverse. Our mission is to create the biggest and most sustainable play-to-earn virtual economy in Southeast Asia. YGG SEA is a founding member of the Asia Blockchain Gaming Alliance.
