YGG Play launches its Launchpad platform, with the first project being the League of Legends Land token.
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最新报道：According to a Bijie.com report on October 1st, YGG Play, backed by Yield Guild Games, announced the launch of its Launchpad platform, designed to support casual gaming. The first project to be launched is League of Legends Land's in-game loyalty and rewards token, League of Legends. Officials emphasized that League of Legends is a gaming utility token traded exclusively on decentralized exchanges (DEXs), with no plans for listing on centralized exchanges. According to the schedule, the Launchpad will open on October 15th, with point earning tasks beginning; the contribution period will run from October 29th to 31st; and the League of Legends token will officially launch and begin trading on the DEX on November 1st. The total supply of League of Legends tokens is 5 billion, with a fully diluted valuation (FDV) of $900,000. Regarding the token distribution, 10% will be allocated for Play-to-Airdrop, 10% for Launchpad activities, and 10% for the development team. YGG Play itself will not receive any share. Additionally, League of Legends Land’s Play-to-Airdrop event began on August 15th, airdropping 10% of the total token supply to players.
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