Sumo-themed DeFi token $ZUNA goes live on IOST

IOST-powered DeFi Protocol Yokozuna Finance formally launches its token $ZUNA. The sumo-themed gamified DeFi and NFT challenge has already created a buzz among the many IOST and DeFi neighborhood and is frequently breaking the file within the IOST’s Dapp Ecosystem. 

The sumo-inspired challenge, with a whole provide of 100,000,000 and a deflationary distribution mannequin, might be provided through FAIR LAUNCH to stakers on is being developed and guided by an skilled world workforce and an advisory board composed {of professional} and contributing experience from expertise, finance, sports activities, leisure, media and academia. Yokozuna Finance’s mission is to educate and entertain IOST followers whereas selling the game of Sumo to avid and non-traditional audiences world wide.

Constructed on the IOST Community for its effectivity, ultra-fast velocity, and virtually zero transaction prices, Yokozuna Finance will enable customers to information the journey of a younger rikishi (sumo wrestler)  in hopes of changing into a Yokozuna or Grand Champion. 

At its core, Yokozuna Finance’s quite a few compelling set of options is about to create a sensational and unparalleled expertise for its customers. These embrace Double Mining, Automated Market Maker, DAO Fund, Deflationary Token, Vaults, Governance, Cross-Chain Liquidity, NFT Staking, and GameFi.

The initiatives’ early 2022 roadmap introduces auctions and a secondary market the place the challenge’s native token, ZUNA might be used solely to accumulate, purchase and promote SUMO NFT’s and associated objects to decorate and improve the efficiency together with elevated APY for customers. 

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When totally realized, certified NFT holders will personal and govern the Yokozuna Finance DAO funded by transactions starting December 10th adopted by the revolutionary NFT system with learning-based incomes and gamification that can launch in Q2 2022. 

In the end, the house owners of the DAO Fund won’t solely take part within the success of the DAO by receiving distributions however will vote to assist world SUMO initiatives designed to develop the game worldwide.

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$ZUNA Token Launch

Yokozuna Finance has commissioned and passed a third-party security audit by Beosin and launched its’ web site and dApp  

 Earn $ZUNA by staking IOST (Stay)

  • IOST holders can stake IOST in single token IOST vaults that can earn IOST Rewards as in the event that they had been voting for IOST
  • When Yokozuna Finance launches their Token Producing Occasion (TGE), you may be pre-positioned to earn IOST and ZUNA permitting customers to earn DOUBLE MINING rewards for IOST single token vaults
  • The Yokozuna Finance launch will introduce ZUNA single token vaults and extra Liquidity Swimming pools the place customers will see a number of present IOST challenge tokens incomes ZUNA

What’s Subsequent For Yokozuza? 

Yokozuna will give attention to constructing its NFT Platform and NFT System Sumo Gamification in early 2022. Cross-chain liquidity, NFT Governance of DAO, and Automated Buying and selling Methods, simply to call a couple of within the long-term milestones the workforce goals to realize. 

 Extra on Yokozuna’s Roadmap could be discovered here. To study extra about Yokozuna, try Telegram, Twitter ,Japan Twitter

IOST Blockchain- An Ideally suited Dwelling on your dApps

For DeFi decentralized purposes to satisfactorily compete with conventional purposes, the underlying community should be quick, meshing completely with the target of DApp launchers. Among the many competitors, IOST — an enterprise-grade, decentralized and ultra-fast community oiled with a proof-of-believability consensus algorithm — is constructing a strong portfolio by providing developer-friendly options and environments. 

The IOST platform emerged as a response to the scalability drawback, aiming to sort out the difficulty as soon as and for all. IOST implements an array of applied sciences, together with a proof-of-believability algorithm and high-performance digital machine expertise, all of that are supposed to supply increased TPS charges of as much as 8,000 transactions per second.

Since 2019, IOST has provided a holistic dapp ecosystem and continued to make inroads within the budding DeFi and NFT area with a number of strategic partnerships and rising on-chain initiatives — akin to stablecoins (HUSD, JPYA, USDA), NFT Market (TOKENLINK, Revival, RIZIN FIGHTING COLLECTION) and the most recent Yokozuna Finance. 

Developer-friendly options that don’t have any congestion and no excessive fuel charges, as seen within the Ethereum and Javascript sensible contract languages, are the explanations many builders select to launch DeFi initiatives on IOST. A transaction charge for free of charge additionally ensures customers the comfort and accessibility of utilizing the purposes on the IOST chain.

To study extra about IOST, go to its Twitter and Medium web page.

Disclaimer: This can be a paid publish and shouldn’t be handled as information/recommendation.

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