Yokozuna Finance App Live, Token Launch Imminent! Sumo, NFT, & DeFi Entering The IOST Dohyo
IOST-powered DeFi Protocol Yokozuna Finance is warming up to claim the title in the IOST’s dApp ecosystem. The sumo-themed gamified DeFi and NFT project has already created a buzz among the IOST and DeFi community and aims to climb the ranks with its official launch on 10th December, 11:00 AM (UTC)
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Token Economics & Utility
- Project: Yokozuna Finance
- Symbol: $ZUNA for IOST
- Total Supply: 100 Million (100,000,000) $ZUNA tokens
- ZUNA is a deflationary token with 20% of the remaining supply released through emissions annually
- 80% (80,000,000) ZUNA will be earned through staking in Single Token and LP Vaults
- Users will use ZUNA to purchase NFT’s allowing users to reach new levels and increase ZUNA earning capability
- Yokozuna Finance will ultimately feature a DAO fund, owned and governed by qualified participants of Yokozuna Finance
Introduction to Yokozuna
Yokozuna Finance is a leading Decentralised Financial Protocol built on the IOST Blockchain. It introduces new design concepts of DAO ownership based on NFTs that both govern and ultimately own the DAO fund.
Built on the IOST Network for its efficiency, ultra-fast speed, and practically zero transaction costs, Yokozuna Finance will allow users to guide the journey of a young rikishi (sumo wrestler) as he climbs the ranks in hopes of becoming a Yokozuna or Grand Champion. The sumo-inspired project aims to educate and entertain IOST fans, while promoting the sport of Sumo to avid and non-traditional audiences around the world.
The sumo-inspired project, with a total supply of 100,000,000 and a deflationary distribution model, will be offered via FAIR LAUNCH to stakers on app.yokozuna.fi is being developed and guided by an experienced global team and an advisory board composed of professional and contributing expertise from technology, finance, sports, entertainment, media and academia. Yokozuna’s mission is to educate and entertain IOST fans while promoting the sport of Sumo to avid and non-traditional audiences around the world.
Users can accomplish this feat through a unique and creative NFT model purchasing NFT’s with the project’s native token, “ZUNA”.
At its core, Yokozuna Finance’s numerous compelling set of features is set to create a sensational and unparalleled experience for their users. These include: Double Mining, Automated Market Maker, DAO Fund, Deflationary Token, Vaults, Governance, Cross Chain Liqidity, NFT Staking and GameFi.
The projects’ early 2022 roadmap introduces auctions and a secondary marketplace where the project’s native token, ZUNA will be used exclusively to acquire, buy and sell SUMO NFT’s and related items to accessorize and enhance the performance including increased APY for users.
When fully realized, qualified NFT holders will own and govern the Yokozuna Finance DAO funded by transactions beginning December 12th followed by the innovative NFT system with learning-based earning and gamification that will launch in Q2 2022.
Ultimately, the owners of the DAO Fund will not only participate in the success of the DAO by receiving distributions but will vote to support global SUMO initiatives designed to grow the sport worldwide.
Yokozuna has already passed a third-party security audit by Beosin and launched its’ website yokozuna.fi. Here is some fresh news from Yokozuna:
- Comprehensive marketing plans will include AMA’s, social media marketing, promotions, giveaways, etc.
- Yokozuna Finance has assembled a notable advisory board and has the backing of longstanding IOST projects and participants in the IOST ecosystem.
- Yokozuna Finance founders and Advisory Board members have locked a large percentage of their tokens with a vesting schedule that ensures their commitment to the project.
- The Yokozuna Finance team is thinking about the project's long-term prospects, which could include seeing its’ Sumo-themed NFT’s competing in the METAVERSE as the project evolves.
- Yokozuna Finance Sumo NFT Characters May be used in the Metaverse.
Project Roadmap
Warm-up — Earn ZUNA by staking IOST (Live)
- IOST holders can stake IOST in single token IOST vaults that will earn IOST Rewards as if they were voting for IOST
- When Yokozuna Finance launches their Token Generating Event (TGE), you will be pre-positioned to earn IOST and ZUNA.
Phase I — Earning ZUNA and Double Earning (anticipated early/mid-December)
- Following the Token Generating Event (TGE), IOST holders in IOST term lock vaults will earn IOST Rewards AND ZUNA Tokens (Double mining) for IOST held in qualified IOST term lock pools
- Additionally, users will be able to pair ZUNA in Liquidity Pools (LP) introduced by Yokozuna Finance and earn ZUNA tokens
- Additional Liquidity Pools will be announced as they are brought online
Phase II — Double Earning, ZUNA, and NFT’s (Anticipated Q2 2022)
Yokozuna Finance will introduce a gamified NFT system allowing users to guide a young rikishi (wrestler) who hopes to become a Yokozuna or Grand Champion
Users will earn, trade, and win NFT’s to earn additional APR and other benefits. Transactions will help build a DAO fund owned and governed by qualified Yokozuna Finance participants.
For up to date information, follow on the Yokozuna Finance official social media channels:
- Telegram: https://t.me/yokozunafinance
- Twitter: https://twitter.com/yokozunafinance
- Japan Twitter: https://twitter.com/yokozunafi_jp
Other readings of interest
Before joining the Yokozuna vaults and especially if you are new to Defi, you may want to read and understand the following articles from the Binance Academy. As Yokozuna Finance features Liquidity Pools (LP), it is recommendable that you understand how these works and what does Impermanent Loss (IL) is, which might happen when happens when you provide liquidity to a liquidity pool.
IOST Blockchain- An Ideal Home for your dApps
For DeFi decentralized applications to satisfactorily compete with traditional applications, the underlying network must be fast, meshing perfectly with the objective of DApp launchers. Among the competition, IOST — an enterprise-grade, decentralized and ultra-fast network oiled with a proof-of-believability consensus algorithm — is building a robust portfolio by offering developer-friendly features and environments.
The IOST platform emerged as a response to the scalability problem, aiming to tackle the issue once and for all. IOST implements an array of technologies, including a proof-of-believability algorithm and high-performance virtual machine technology, all of which are supposed to offer higher TPS rates of up to 8,000 transactions per second.
Since 2019, IOST has offered a holistic dapp ecosystem and continued to make inroads in the budding DeFi and NFT space with multiple strategic partnerships and emerging on-chain projects — such as stablecoins (HUSD, JPYA, USDA), NFT Marketplace (TOKENLINK, Revival, RIZIN FIGHTING COLLECTION) and the newest Yokozuna Finance.
Developer-friendly features that have no congestion and no high gas fees, as seen in the Ethereum and Javascript smart contract languages, are the reasons many developers choose to launch DeFi projects on IOST. A transaction fee at no cost also guarantees users the convenience and accessibility of using the applications on the IOST chain.
About IOST
High fees and slower transaction times on the Ethereum network have left the door open for new solutions to emerge, and IOST is one such project that has been gaining traction since its mainnet launch in 2019.
Backed by major financial and VC firms such as Sequoia, Matrix, and ZhenFund, IOST is a pioneering decentralized, high-throughput, gas-efficient Proof-of-Believability-powered smart contract platform built to tackle the scalability trilemma once and for all. For this, the concluding ranking from China’s CCID ranked IOST as the best blockchain platform under Basic Technology, better than Ethereum, EOS, and every other smart-contracting platform evaluated by the agency. This is a testament to the quality and ability to roll out a better, innovative product and reflective of our true desire to be the best in the sphere.
Being one of the public chain leaders in terms of adoption, performance, and utility, IOST remains committed to our mission to unleash the power of blockchain. IOST currently has the ever-expanding 500,000 community members in over 20 countries, over 400 nodes, a top staking economy, symbiotic relationships with corporations dotted worldwide.
If you would like to hang out with the IOST community on chat, social media, or to discuss product development, we have something for everyone:
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