Taiwan-based sub-decentralized organization (subDAO) Yield Guild Games of Southeast Asia (YGG SEA) announced that it has postponed the initial DEX offering (IDO) sale for its $SEA token that was scheduled to begin on May 9. The sale was to take place on the Copper launch pad and would have lasted until May 14, 2022. YGG SEA is a sub-DAO of Philippines-based blockchain gaming startup Yield Guild Games (YGG) and has raised $15 million in private funding rounds recently.
To protect our supporters from the unforeseen market conditions that occurred today, we are temporarily postponing the YGG SEA IDO in copper. Our commitment to our followers is firm. the ones that have $SEA tokens will be refunded including gas fees. Pay attention.
— SEA YGG | IDO postponed (@yggsea) May 10, 2022
What is the $SEA public sale?
The $SEA token launch auction scheduled for May 9, 2022 at 15:00 UTC on the copper platform has been postponed due to unforeseen market conditions. Those holding $SEA tokens will be refunded. The price of each $SEA token is set at $0.50. A total of 75 million $SEA tokens will be sold in the IDO public sale, representing 7.5% of the total supply of 1 billion tokens. The main objective of the token launch auction is to distribute the $SEA token in the hands of as many participants as possible.
The sale will be hosted on the Copper platform for real-time price discovery, open and permissionless participation, and fair distribution of tokens. Copper is also the most decentralized platform and provides a user-friendly way to participate through Balancer’s Liquidity Bootstrapping Pools (LBP), allowing for a more equitable distribution of tokens. It also provides a transparent field for players who want to participate in the IDO.
“The IDO is a once-in-a-lifetime opportunity to appreciate the unwavering support of our community. We are where we are because of the community, and we would like the community to own a piece of YGG SEA through IDO.”
YGG SEA co-founder Irene Umar
What is the use of the $SEA token?
$SEA is the official government token of YGG SEA. The token gives access to whitelist opportunities for GameFi and non-GameFi NFTs. Token holders can also vote on governance proposals, upcoming features, reward models, and ecosystem reward allocations.
How to buy $SEA Token?
The duration of the token sale will be 120 hours (5 days). The initial price of each token is $0.50. The initial pools include 75 million SEA tokens amounting to $2 million.
You need an ERC-20 and USDC compliant wallet sufficient to purchase the desired amount of SEA tokens. Ethereum will also be needed for gas fees during transactions.
The following steps show how to connect to copper and purchase $SEA:
- You can visit the project launch page directly on the official website.
- READ THE NOTICE from Copper and agree to the terms.
- Connect an ERC-20 wallet by clicking the connect wallet option at the top right of the screen. You can connect using Metamask.
- You will get the “BUY SEA” widget on the right side of the Auction chart. Click on it and enter the amount you would like to spend on SEA.
- Click “Approve to trade.” Check the gas rates and “Confirm” to continue. Once the transaction is confirmed, you will switch to the “BUY SEA” button. Open it and confirm the purchase of SEA tokens.
- Now you can bet SEA on
About the YGG SEA platform?
YGG SEA is the first sub-DAO of the Yield Guild Games, which is a decentralized autonomous organization for managing NFTs in the metaverse. YGG SEA will offer play-to-win games to the regional gaming community to boost the gaming experience in Southeast Asia. YGG SEA aims to support local play-to-win games and acquire gaming assets suited to the interests of SEA’s player base. YGG has invested in 76 projects and offered scholarships to 10,000 players through a revenue sharing program to provide NFTs to players who cannot afford them to start playing P2E blockchain games.
A game enthusiast since childhood. I was attracted to the new concept of crypto gaming and blockchain and fell down the rabbit hole. Now preparing to dive deep into the metaverse.