YGG, VENT and ORT tokens are in the spotlight – market wrap
Yield Guild Games’ native token is trending high. Its ICO will begin on July 27, 2021, and ends on July 29, 2021. Yield Guild Games is a decentralized autonomous organization (also called DAO). It enables its customers to invest in non-fungible tokens (NFTs) used in blockchain-based games and virtual worlds.
The organization aims to create the biggest virtual world economy, share its profits with its token holders, and optimize its community-owned assets for maximum utility.
YGG token combines the best of the NFTs and the decentralized finance (DeFi) space. It brings yield farming to game economies and simultaneously adds value to these virtual worlds by developing the economy and content of these games.
The team wants to own and develop assets in the metaverse. They believe that, in time, virtual economies will be more valuable than real-world economies. Thus, the company aims to create value in the virtual world for its guild members to thrive in this new environment. The competitive gamers, the artists, and content creators that populate the metaverse – all of them will be able to use the Yield Guild Games platform.
YGG sits at the intersection of three markets, and each of these markets has strong growth potential. DeFi tokens already hit $50B in total locked value, and NFT sales surpassed $2 billion in the first quarter of 2021. Meanwhile, crypto wallet holders are more than 70 million. In 2020, the global gaming market reached a value of $167.9 Billion. Yield Guild Games offers to use all the advantages that the DeFi world provides.
What are the organization’ plans?
YGG plans to maximize the value of NFTs used in blockchain-based games and virtual worlds. Its protocol is automated by smart contracts instructed by consensus through the voting of a distributed network of token holders and DAO based governance proposals.
Furthermore, YGG activities include building a global community of play-to-earn gamers (they will have to play competitively to collect in-game rewards); Producing revenue through the sale of YGG-owned NFT assets for a markup; Coordinating research and development for gamers in the DAO and as a result, arbitrage on yield generation by being competitive in metaverse-related games; Allowing the community to participate in the DAO by passing both proposals and voting.
YGG tokens also have many uses, and they give their holders serious advantages. For instance, users owning YGG can stake them for token rewards related to its overall activities, rewards related to specific activities, voting and participating in the DAO, exclusive content, or subscribing to exclusive merchandise. They will also be able to use YGG for paying for services in its network.
What is Vent Finance, and what does it offer?
Vent Finance is also beginning its native token’s sale on July 19, 2021. The ICO will continue until July 23, 2021. VENT is an ERC20 ICO token, and its price will be 0.028 USD during the initial coin offering. The total supply of tokens amounts to 250,000,000 VENTS.
Vent Finance plans to integrate Chainlink’s Verifiable Random Function (VRF). This community-based IDO launchpad has big goals, aiming to turn ideas into successful growth journeys on the Cardano Blockchain. Using VRF, the platform will achieve the much needed tamperproof and auditable source of randomness for IDOs launching on the VentUp. As a result, it will provide a truly Decentralized Allocation System through an RNG – proven Random Number Generator. As VentUp progresses, it will use the Chainlink framework for off-chain API Data Feeds and price Feeds.
The company is also trying to start advantageous partnerships. It has already partnered with Bridge Mutual. The latter is a Decentralized Autonomous Organization which creates a trustless transaction environment. This environment deploys smart contracts onto the blockchain to eliminate any middlemen involved. The partnership between Vent and Bridge Mutual will give investors more confidence when taking part in projects launching through VentUp.
Vent Finance will launch only on Polygon’s Layer 2 solution for the Ethereum Mainnet until the arrival of the Goguen Phase on Cardano. Customers will be able to enjoy the high-speed network of Polygon and at the same time maintain a scalable and low-cost transaction experience.
However, after smart contracts go live on the Cardano Mainnet, the company will collaborate with Polygon to construct its first Polygon — Cardano Bridge. As a result, it will have the ability to provide cross-chain liquidity between the two networks. Project creators will have even more incentive to offer top quality products for their respective communities.
What about the user experience?
Vent Finance will use Synaps to make the Know Your Customer (KYC) process easier. This platform has an improved KYC flow that will require completion for new customers only once.
The company already completed a pre-seed funding round successfully. The latter was oversubscribed, indicating the high quality and demand for the project. Overall, Vent Finance raised over $150,000 from potent Venture Capital (VC) firms, including Three M Capital, Spark Digital Capital, Vendetta Capital, Blocksync Ventures, and Dots Capital.
VentUp is a community-focused Launchpad. Thus, the Vent team is planning to produce the most decentralized approach on the market with regards to crowdfunding by relying on a community of investors. The whole process of launching the project on VentUp will be community-driven.
Furthermore, members will be able to interact with the project leaders through the platform, asking questions or proposing new ideas. The passing of information will be completely safe and transparent. The community will have the power to decide which projects will be launching on the platform.
The Vent has a user-friendly interface, enabling users to navigate through projects easily and find all the information about them.
While many individuals will vet projects through the platform tools, a scoring system will also be available for each project. Users may track their overall portfolio value, whitelist status, and recent transactions with a Dashboard.
How will the company distribute VENT tokens?
According to the company, only 23,700,000 VENT tokens (9.5%) will be in circulation initially. However, from the total supply, 20% will go for the team, 10% will be for advisors and partners, 6% goes to seed round, 8% goes to private round A, 3% will be for the private round B, marketing will take 5%, liquidity – 13% and 30% will go for ecosystem growth.
Meanwhile, Okratech’s HOT ICO continues
Ort is the Defi powered, self–governing DAO. The team designed it to act as a decentralized and broad platform for freelancing. The company provides the best experience for B2B, and it also focuses on the P2P (Peer to Peer) interaction. OKratech offers an intuitive user interface that can match skilled freelancers for job postings worldwide, all with a commission-free transaction.
This company brings in a new innovative model by assuring professional mediation. It ensures that both the employer and employee will be satisfied by working together.
OKratech launched its token’s pre-sale on July 3, 2012, with it ending on July 23, 2021. The ICO will begin on July 24, 2021, and continue until December 31, 2021.
ORT is very trending currently. It got a high ranking on several ICO listing platforms. This BEP-20 token is trading for 0.01 USD now, but the price will likely increase after the pre-sale. 6,000,000,000 ORT (60%) are available for trade, and the company is accepting BTC, USDT, LTC, DOGE, Debit Card, Credit Card, and Direct Bank Deposit in exchange for ORTs.