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 liquidity, NFT DAO governance and automated trading strategies, just to name a few, are the long-term milestones the team aims to achieve.
More on Yokozuna’s roadmap can be found here. To learn more about Yokozuna, check out its Telegram, Twitter and Japanese Twitter.
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, 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 transaction-per-second rates of up to 8,000 transactions per second.
Since 2019, IOST has offered a holistic DApps 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 and USDA), NFT marketplaces (Tokenlink, Revival and 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.
To learn more about IOST, visit its Twitter and Medium pages.
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