Coins.ph and Yield Guild Games team up to unveil Launchpool

Category: Crypto

Posted by Anchal Verma Posted: Nov 26, 2024

Coins.ph, a crypto exchange in the Philippines, has partnered with Yield Guild Games (YGG) to launch an innovative product called Launchpool. Announced during the YGG Play Summit, Launchpool enables users to earn token rewards by locking YGG tokens and stablecoins, making it easier for everyday users to participate in the Web3 economy.

The initiative is part of Coins.ph’s mission to enhance accessibility to digital assets and decentralised economies while supporting YGG’s thriving ecosystem of Web3 games and projects.

What is Launchpool?

Launchpool is a new feature that allows Coins.ph and its international platform Coins.xyz users to earn rewards from promising blockchain projects. By locking their YGG tokens or stablecoins, participants gain exclusive early access to tokens from emerging Web3 projects. This offers users not only the chance to earn rewards but also the opportunity to actively engage with decentralised economies.

Wei Zhou, CEO of Coins.ph and Coins.xyz while talking about the collaboration said, “Launchpool is not just another product — it’s a gateway for our users to participate in Web3 growth. By locking tokens, they’re earning rewards and securing early access to decentralised economies.”

Why this matters for YGG token holders

Yield Guild Games is a web3 guild protocol that connects gamers with opportunities in the metaverse. Through Launchpool, YGG token holders gain additional utility for their tokens, allowing them to benefit from token rewards and strengthen their participation in the growing Web3 ecosystem.

Beryl Li, Co-founder of YGG, said, “The Launchpool offers Coins.ph users an easy way to discover economic opportunities while contributing to YGG’s mission of supporting Web3 games and future-of-work initiatives.”

Launchpool will debut with a range of projects, giving users the chance to invest early in Web3 innovations. Coins.ph and YGG’s collaboration is expected to fuel the growth of decentralised economies by bridging the gap between users and emerging blockchain projects.
This initiative aligns with Coins.ph’s broader goal of empowering users through easy access to Web3 tools and opportunities. The platform’s reputation as a trusted, BSP-regulated exchange makes it well-positioned to deliver on this promise.