YGG Japan (JPGG) IDO, Funding and Price

In the dynamic world of blockchain gaming and decentralized finance (DeFi), YGG Japan has emerged as a promising initiative aiming to bridge Web3 gaming with Japan’s massive gaming market. 

If you are curious about the details of the YGG Japan IDO, JPGG IDO, funding rounds, and initial token price, this article provides an in-depth breakdown of everything you need to know.

What is YGG Japan

YGG Japan is a regional subDAO of Yield Guild Games (YGG), tailored specifically for the Japanese gaming audience. 

By partnering with major gaming companies and leveraging Japan’s influential pop culture, YGG Japan seeks to drive adoption of blockchain-based games and NFTs. The project is not just a gaming guild; it’s a platform aiming to build a thriving Web3 gaming community in Japan.

The launch of its token JPGG and the YGG Japan IDO marks a significant milestone, enabling public participation and providing the financial fuel to further expand its operations.

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YGG Japan IDO Overview

The JPGG IDO is conducted on Kommunitas, a decentralized fundraising platform known for supporting community-focused projects. Key highlights of the YGG Japan IDO include:

• Target Raise: $150,000
  
   
• Token Price: $0.06 USDT
  
   
• Tokens for Sale: 2,500,000 JPGG (representing 0.25% of total supply)
  
   
• Platform: Kommunitas
  
   
• Token Type: ERC-20
  
   
• Vesting: 100% unlocked at Token Generation Event (TGE)
   

The IDO presents an opportunity for early supporters to gain exposure to the JPGG ecosystem at an attractive entry price before listing on major exchanges (listing date TBA).

Funding Rounds and Investor Participation

YGG Japan has attracted strong backing from reputable investors across multiple funding rounds:

• Pre-Seed Round (July 8, 2022):
  
   
  • Amount Raised: $2.80 million
    
     
  • Notable Investors:
    
     
    • Yield Guild Games (YGG)
      
       
    • Animoca Brands
      
       
    • Akatsuki
      
       
    • doublejump.tokyo
      
       
    • Arriba Studio
      
       
• Undisclosed Funding Round (January 30, 2023):
  
   
  • Amount Raised: $2.95 million
    
     
  • Investors:
    
     
    • IVC
      
       
    • Gate Labs
      
       
    • Square Enix
      
       
    • Coincheck
      
       
    • Emoote

Total Funding Raised: $5.90 million, which includes the IDO and earlier rounds.

The participation of big names like Square Enix, Animoca Brands, and Gate Labs reflects significant confidence in YGG Japan’s vision to pioneer blockchain gaming in Japan.

Tokenomics and Allocation

Understanding the JPGG tokenomics is crucial for any potential investor:

• Total Supply: 1,000,000,000 JPGG
  
   
• Initial Market Cap: $600,000
  
   
• Fully Diluted Valuation (FDV): $60 million
  
   
• Circulating Supply at TGE: 10,000,000 JPGG

Token Allocation:

• Community: 30% (for user growth and ecosystem development)
  
   
• Investors: 25% (allocated to pre-seed and private round participants)
  
   
• Teams: 20% (vesting to ensure long-term commitment)
  
   
• Treasury: 20% (for project sustainability and expansion)
  
   
• Other: 5% (partnerships, advisors, etc.)

The vesting terms for the IDO are extremely favorable, with a 100% unlock at TGE, allowing immediate liquidity for participants.

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Why YGG Japan Matters

YGG Japan is uniquely positioned to capture a massive market. Japan is the world’s third-largest gaming market and has deep cultural ties to anime, manga, and gaming. 

By creating a localized platform with global partnerships, YGG Japan aims to bring millions of Japanese gamers into the Web3 space.

Key reasons to watch YGG Japan:

• Strong Backers: Backed by global leaders in gaming and crypto.
  
   
• Localized Focus: Tailored for Japanese gaming culture.
  
   
• First Mover Advantage: Among the first projects to target mass Web3 gaming adoption in Japan.
  
   
• Expanding Ecosystem: Integration with leading blockchain games and NFT projects.

FAQ

What is the YGG Japan IDO?

The YGG Japan IDO refers to the public sale of JPGG tokens on the Kommunitas platform, allowing public investors to purchase JPGG tokens before exchange listings.

What is the initial JPGG IDO price?

The initial sale price for JPGG during the IDO is set at $0.06 USDT per token.

How much has YGG Japan raised so far?

YGG Japan has successfully raised $5.90 million through its funding rounds and IDO, with strong support from notable investors like Animoca Brands and Square Enix.