Cryptocurrency derivatives exchange Binance Futures has announced that it has launched a new perpetual contract for the Yield Guild Games (YGG) token, a decentralized autonomous organization (DAO) investing in non-fungible tokens (NFTs).
The new contract will allow users to trade YGG with up to 20x leverage from August 5, 2023 at 06:30 (03:30 UTC).
According to its website, YGG has over 100,000 members and has invested in over 20 games such as Axie Infinity, The Sandbox, League of Kingdoms, and Gods Unchained.
The platform claims to have generated over $10 million in revenue for its members since its launch in 2020. YGG also uses its own management token, YGG, which is used to reward its participants and give them voting rights in platform decisions.
*Not investment advice.