YGG Token Arrives on Ronin Network

Following a successful governance proposal, Yield Guild Games (YGG) is happy to announce that Sky Mavis and the Ronin community have approved the launch of the YGG token on the network. The YGG token went live on Ronin on Thursday, March 21, 2024, at 8 a.m. Pacific Daylight Time (PDT), 3 p.m. Greenwich Mean Time (GMT), and 11 p.m. Singapore Time (SGT). This strategic release aims to support the network by attracting gamers and games into its ecosystem. In line with this, YGG tokens will be airdropped to wallets staking RON on the YGG validator.

With YGG and Sky Mavis’ longstanding partnership and their shared influence on the web3 gaming space, YGG bringing its token to Sky Mavis’ Ronin network marks an ongoing commitment to advancing the industry together. It enables the community to seamlessly move between Ronin games and the YGG platform without needing to bridge out, making it easier for YGG players to access the games they love.

“YGG and Ronin are inextricably linked. From the early days of our mission, we’ve shared values and a core community. Onboarding the YGG token to Ronin is the next natural step in our shared journey. Welcome to Katana (and Ronin), YGG!” said Jeff “Jihoz” Zirlin, co-founder and Chief Growth Officer at Sky Mavis.

The Ronin network has experienced remarkable growth over the past year, boasting 22 validators, including YGG and prominent organizations such as Google, Nansen and Animoca Brands. Currently, Ronin has attracted over 100,000 delegators, with a total stake of more than 187 million RON tokens across these validators.

The games in the Ronin ecosystem continue to gain traction as well. Following its migration to Ronin, YGG game partner Pixels saw its daily active users (DAU) quickly soar to over 130,000, making it the first web3 game on Ronin to achieve such a feat since Axie Infinity. Pixels has recently garnered even higher engagement rates, surpassing 500,000 DAU and reaching 1 million monthly active users (MAU).

Other games on Ronin, such as Apeiron and Wild Forest, have likewise been building momentum. Combined with the migration of other major projects like CyberKongz, these developments signal the platform’s increasing influence in web3 gaming.

Who Is Eligible for the YGG Airdrop?

Once it is live on Ronin, the YGG token can be bridged from Ethereum to Ronin and back. A snapshot of wallets that have been staking RON tokens through the YGG validator was taken on March 11, 2024, at 11:59pm UTC. Based on this data, 1,376,579 YGG tokens will be distributed to 8,861 eligible wallets.

Delegators staking at least 1 RON token with YGG at 11:59 PM on March 11, 2024, UTC, when the snapshot was taken, will be eligible to receive YGG tokens. The amount of airdropped tokens will be determined by the amount of RON staked and will be tiered according to how long the tokens have been staked. Wallets associated with RON tokens staked before January 1, 2024, will receive a 10% Loyalty Bonus, while those that have been staking earlier than June 1, 2023, will receive a 20% True Believer Bonus.

To be eligible for any rewards (including either bonus tier), the $RON staking with YGG must have been continuous since prior to the cut off date. If funds were unstaked and restaked for any reason, eligibility is calculated as the most recent continuous staking period.

The YGG token will also be listed on Katana, Ronin’s native decentralized exchange, for liquidity pairings with other Ronin ecosystem tokens. The YGG/RON pair will join other prominent pairs on Katana such as WETH/RON, USDC/RON, AXS/RON, SLP/WETH, PIXEL/RON and BANANA/RON. Holding YGG tokens will enable the Ronin community to receive access to special token-gated YGG quests for Ronin games and may also qualify users for further airdrops and other exclusive benefits in the future.

“The YGG token launch on Ronin is another milestone in our partnership with Sky Mavis. As Ronin continues to position itself as a leader in web3 gaming, YGG looks forward to further supporting the ecosystem and community by increasing our stake and participation in the network,” said YGG co-founder Gabby Dizon. “The YGG token making its way to Ronin will open up opportunities to give more players access to more rewarding quests and other benefits. Consider this our way of bringing YGG even closer to all communities across the flourishing Ronin ecosystem.”

How to claim your YGG Ronin airdrop rewards

1. Log onto the YGG dapp. As a security precaution, we only recommend logging into the dapp directly to access your airdrop rewards. Do not click on any links from social or emails as these may be phishing scams.
2. Double check the URL of the dapp before proceeding (https://www.yieldguild.io/)
3. On the homepage, click on the “Airdrop” banner which will take you through to the airdrop claim page
4. If you have not yet added the Ronin wallet that you used for staking to your YGG profile you will see an “Add Wallet” button. Clicking “Add Wallet” will prompt you to connect to the Ronin wallet as one transaction and then to sign a second transaction using the Ronin wallet.
5. Once you are logged in and have your eligible Ronin wallet connected, you will see the first two steps pre-ticked and a “Claim” button will be present.
6. Once you click on the “Claim” button, you will need to sign the transaction using the Ronin wallet.
7. Once the successful claim is complete, you will be presented with a button to view the transaction on the Ronin chain explorer.

The claim window for the airdrop is open for 60 days. The final day to claim your eligible airdrop is May 20, 2024.

Stay up to date on YGG announcements, games and events by creating an account in the YGG dapp, following us on X and joining our Discord.

Learn more about Sky Mavis’ Ronin network by visiting their website and following them on X.