Dec. 10, 2021 — IOST-powered decentralized finance (DeFi) protocol Yokozuna Finance officially launches its ZUNA token. The sumo-inspired gamified DeFi and nonfungible token (NFT) project has already created a buzz in the IOST and DeFi community and is continually breaking the record in IOST’s decentralized application (DApp) ecosystem.
The project, with a total supply of 100 million tokens and a deflationary distribution model, will be offered via a fair launch to stakers on app.yokozuna.fi. It is being developed and supervised by an experienced global team and an advisory board composed of professional and contributing experts from technology, finance, sports, entertainment, media and academia. Yokozuna Finance’s mission is to educate and entertain IOST fans while promoting the sport of sumo to avid and non-traditional audiences around the world.
Built on the IOST network for its efficiency, ultra-fast speed and more-or-less inexistent transaction costs, Yokozuna Finance will allow users to guide the journey of a young rikishi (sumo wrestler) who dreams of becoming a yokozuna, or grand champion.
At its core, Yokozuna Finance’s numerous compelling features are set to create a sensational and unparalleled experience for users. These features include double mining, an automated market maker, a decentralized autonomous organization (DAO) fund, a deflationary token, vaults, governance, cross-chain liquidity, NFT staking and GameFi.
The project’s early 2022 roadmap introduces auctions and a secondary marketplace where its native token, ZUNA, will be used exclusively to acquire and sell sumo NFTs and related items to accessorize and enhance performance, including increased APY for users.
When fully realized, qualified NFT holders will own and govern the Yokozuna Finance DAO funded by transactions beginning Dec. 10, followed by the innovative NFT system with learning-based earning and gamification that will launch in Q2 next year.
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 expand the sport worldwide.
ZUNA token launch
Yokozuna Finance has commissioned and passed a third-party security audit by Beosin and launched its own website, yokozuna.fi, and DApp, app.yokozuna.fi.
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 its token-generating event (TGE), users will be prepositioned to earn IOST and ZUNA, allowing them to earn double mining rewards for IOST single-token vaults.
- The Yokozuna Finance launch will introduce ZUNA single-token vaults and additional liquidity pools where users will see several existing IOST project tokens earning ZUNA.
What’s next for Yokozuza?
Yokozuna will focus on building its NFT platform and NFT system sumo gamification in early 2022. Cross-chain…
Read More: cointelegraph.com