Philippine-based cryptocurrency platform Coins.ph has collaborated with the Web3 guild protocol Yield Guild Games (YGG) to unveil Launchpool, an innovative feature designed to empower users with early access to emerging Web3 projects. Through this initiative, users can lock YGG tokens and stablecoins to earn rewards in the form of tokens from up-and-coming decentralized ventures. The partnership was officially launched during the YGG Play Summit, held in Manila on November 21, 2024.
This development signifies a significant step forward in the evolution of decentralized economies. Coins.ph and YGG aim to provide participants with a seamless entry point into the rapidly expanding Web3 ecosystem, enabling them to actively contribute to and benefit from its growth. The initiative offers a dual advantage—users not only gain access to potential financial rewards but also engage directly with the foundational stages of decentralized projects.
How Launchpool Works
The core functionality of Launchpool lies in its staking mechanism. By locking YGG tokens or stablecoins, users can participate in the growth of new Web3 projects while earning token-based rewards. This structure creates a mutually beneficial ecosystem for token holders and project developers. Participants gain early exposure to promising ventures, while developers secure community engagement and support.
The integration of Launchpool into the Coins.ph platform aligns with the company’s broader vision of advancing Web3 accessibility in the Philippines and beyond. Yield Guild Games also sees this partnership as an extension of its mission to connect gamers and Web3 users to opportunities within the metaverse. The collaboration highlights the evolving role of gaming guilds, as YGG transitions into a protocol that merges gaming, financial empowerment, and education.
Expanding Economic Opportunities in Web3
Coins.ph has emphasized that Launchpool will serve as a platform for featuring promising Web3 projects, further diversifying its offerings within the decentralized space. This approach not only strengthens its market position but also introduces users to a curated selection of ventures poised for growth. Yield Guild Games Co-founder Beryl Li pointed out that the initiative aligns with YGG’s objectives of creating economic opportunities for participants in the burgeoning Web3 gaming ecosystem.
The partnership reflects a shared commitment to fostering financial inclusion and innovation. Coins.ph CEO Wei Zhou underscored that Launchpool serves as more than just a product; it is a strategic gateway for users to immerse themselves in the transformative potential of decentralized economies.
A Promising Future for Web3 Enthusiasts
With Launchpool, Coins.ph and YGG are paving the way for deeper user engagement in Web3 ecosystems. Beyond enabling access to token rewards, the platform facilitates active participation in the development of decentralized economies, creating value for both individual users and the broader blockchain community.
Looking ahead, Coins.ph intends to leverage Launchpool to spotlight groundbreaking Web3 projects, ensuring users remain at the forefront of innovation. Yield Guild Games, meanwhile, continues to enhance its value proposition by providing YGG token holders with opportunities to participate in and benefit from the protocol’s evolving ecosystem.
By bridging financial rewards with community participation, Launchpool is set to become a key driver of adoption and growth in the decentralized space. Through initiatives like this, Coins.ph and YGG are not only advancing the Web3 narrative but also empowering users to shape its future.