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YGG Play launched the Launchpad platform, with the first project being the Token LOL of the game LOL Land.
PANews reported on October 1 that YGG Play, supported by Yield Guild Games, announced the launch of its Launchpad platform, aimed at supporting casual gaming (Casual Degen gaming). Its first online project is the in-game loyalty and rewards token LOL for the game LOL Land. The official emphasized that LOL is a game utility token traded only on DEX, with no plans for listing on Centralized Exchanges. According to the schedule, the Launchpad will open on October 15 and start the points task; the contribution period will be from October 29 to 31; the LOL Token will officially launch on November 1 and trading will start on the DEX. The total supply of LOL Token is 5 billion coins, with a fully diluted valuation (FDV) of 900,000 USD. In terms of token distribution, 10% will be used for Play-to-Airdrop, 10% for Launchpad activities, and 10% for the development team, with YGG Play itself not holding any share. In addition, the Play-to-Airdrop event for LOL Land started on August 15 and will airdrop 10% of the total supply of tokens to players.