YGG SEA Announces the $SEA Token IDO
After Raising $15 Million in Private Rounds, YGG SEA Announces the $SEA Token IDO Public Sale on the Copper launchpad.
Yield Guild Games Southeast Asia (YGG SEA), a sub-decentralized autonomous organization (subDAO) of the Philippines-based blockchain gaming startup Yield Guild Games (YGG), announced the upcoming IDO of its $SEA token on the Copper launchpad.
$SEA TOKEN IDO DETAILS
The $SEA Token Launch Auction will commence on the Copper platform on May 9th at 15:00 UTC. It will run through May 14th. A total of 75 million $SEA tokens have been allocated to the IDO public sale and the price starts at $0.50
“The IDO is a once-in-a-lifetime opportunity to appreciate our community’s unconditional support. We are where we are because of the community. We would like the community to own a piece of YGG SEA through the IDO. DYOR, all I can say, what you see today is just the beginning of what will unfold in the coming months.”— Co-founder Irene Umar, YGG SEA
BRIEF INFO ABOUT $SEA TOKEN
$SEA is the governance token of YGG SEA. It gives community members the right to vote on governance proposals, ecosystem reward allocations, most desired features/reward models that reflect local needs, and whitelist opportunities for GameFi as well as non-GameFi NFTs.
Copper is the most decentralized and user-friendly way to participate in a specific configuration of Balancer’s Liquidity Bootstrapping Pools (LBPs), allowing a more equitable distribution of tokens for all participants.
The Token Launch Auction on Copper allows for real-time price discovery, open and permissionless participation, and fair distribution of tokens. It disincentivizes front-running bots and whales to get the $SEA token into the hands of as many participants as possible.
YGG SEA is the leading guild for Southeast Asia, having invested in 76 projects since November 2021. It currently has offices in Indonesia, Thailand, Malaysia, and Vietnam. Following the IDO, the platform plans to expand into three additional countries within six months. With complete SEA coverage planned by 2024. The platform had earlier raised $15 million across two rounds. Notable investors include Crypto.com Capital, Animoca Brands, Solana Ventures, Polygon, and others.
ABOUT YGG Sea
YGG SEA, the first subDAO of Yield Guild Games. A decentralized autonomous organization for acquiring and managing NFTs used in the metaverse. Its mission is to create the biggest and most sustainable play-to-earn virtual economy in Southeast Asia.
RESOURCES
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