Cryptocurrency

What Is YooShi (YOOSHI)?

YooShi is a community-driven, equitably launched, meme coin on Binance Smart Chain (BSC) that connects GameFi elements with NFTs and the viral aspect of a meme coin. It aims to be the world’s largest blockchain gaming NFT metaverse. YooShi was largely inspired by the success of Shiba Inu (SHIB). Similar to Shiba Inu, YooShi started purely as a meme coin, but the community began adding real utility to the token by making it a blockchain gaming launchpad. YooShi provides an open platform for developers to launch their games and promote them to the large community of YOOSHI holders. The branding of YooShi is inspired by the Yoshi dinosaur from the famous Super Mario game.

The YooShi ecosystem consists of several play-to-earn games developed by a range of developers. It also offers an NFT marketplace, where players can bid for different NFTs, which later can also be used for DeFi purposes such as yield farming. YooShi is also a deflationary coin and will gradually burn 10% of the entire supply, as the user base grows.

Who Are the Founders of YooShi?

Similar to Shiba Inu, YooShi is a community-driven project developed entirely anonymously. Although several of these kinds of projects are known to be vulnerable to rug-pulls, examples like Shiba Inu show that even meme coins can develop into highly successful projects, as long as they are supported by a strong community.

What Makes YooShi Special?

The most important feature of the YooShi ecosystem is the YooShi Gamepad, an NFT-based gaming IDO platform that allows gaming developers to raise funds by pre-selling unique in-game assets in the form of NFTs. Users can enter a “blind box pre sale” of listed projects if they hold at least 1 billion YOOSHI and complete relevant tasks in YooShi social channels. Entrants are selected on a first-come-first-served basis.

With the YooShi Gamepad, developers can unlock new funding opportunities while their users can benefit from participating in new projects and potentially unlocking subsequent airdrops. Users can also trade the NFTs in the YooShi NFT marketplace. Trading fees are 3%, with 1.5% being burned, 0.3% going to game developers, and 1.2% entering the YooShi mining pool. YooShi also helps game developers build their own NFT marketplaces in return for a trading fee.

Thus far, several games have been successfully incubated including DNAxCAT and StarMon. DNAxCAT creates a digital cat pet world where players can raise and breed a variety of cute cats and trade their game assets. StarMon is short for Star Monster Metaverse, a 3D play-to-earn game where players build a virtual world and collect and trade virtual monsters.

How Many YooShi (YOOSHI) Coins Are There in Circulation?

YOOSHI has a total supply of 1 quadrillion tokens. 50% was burned at launch, with 40% being launched fairly and 10% to be gradually burned over time. YooShi has a deflationary tax mechanism and each transaction is taxed at 10%; 4% is redistributed to existing holders, 3% is injected into NFT farming, and 3% goes to the BNB-YOOSHI liquidity pair on PancakeSwap. Of the 10% that are to be burned gradually, 8% have already been burned, with the remaining 2% to be burned every time YooShi adds another 50,000 users (up till 500,000 total users).

How Is the YooShi Network Secured?

YOOSHI is a BEP-20 token on Binance Smart Chain.

BSC is secured through the proof-of-stake consensus mechanism. 21 validators are elected every 24 hours to validate transactions and maintain blockchain security. These validators have to stake a certain amount of BNB coins with Binance to be eligible.

Where Can You Buy YooShi Token (YOOSHI)?

YooShi Token(YOOSHI) is a freely-tradable token, with the majority of volume on the world’s leading Cryptocurrency Exchange, BitYard.com

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