Article Summary, Automatically Generated By AI
About YooShi
Key Points:
- YooShi is a community-driven, equitably launched meme coin on Binance Smart Chain (BSC) that connects GameFi elements with NFTs.
- It aims to be the world’s largest blockchain gaming NFT metaverse.
- YooShi provides an open platform for developers to launch their games and promote them to the large community of YOOSHI holders.
- The YooShi ecosystem consists of several play-to-earn games, an NFT marketplace, and a deflationary coin that will gradually burn 10% of the entire supply.
Founders:
- YooSh
About YooShi
In the realm of decentralized finance, YooShi emerges as a trailblazing platform, poised to revolutionize the landscape of cryptocurrency trading and investment.
Introducing YooShi (YOOSHI): A Comprehensive Overview
YooShi is a community-driven, equitably launched meme coin on Binance Smart Chain (BSC), seamlessly integrating GameFi elements, NFTs, and the viral essence of a meme coin. It aspires to become the world’s largest blockchain gaming NFT metaverse. Inspired by the phenomenal success of Shiba Inu (SHIB), YooShi originated as a meme coin, but its community has since infused the token with tangible utility by transforming it into a blockchain gaming launchpad. This open platform empowers developers to launch their games and promote them to the vast community of YOOSHI holders. The YooShi brand draws inspiration from the beloved Yoshi dinosaur of the iconic Super Mario game.
The YooShi ecosystem comprises a diverse array of play-to-earn games, crafted by a multitude of innovative developers. Additionally, it features a vibrant NFT marketplace, where enthusiasts can engage in bidding wars for unique digital assets, which can subsequently be leveraged for DeFi applications, such as yield farming. Notably, YooShi is a deflationary coin, and as its user base expands, it will systematically reduce its supply by 10%, thereby fostering a more sustainable economic model.
The Visionaries Behind YooShi: Meet the Founders
Similar to Shiba Inu, YooShi is a community-driven endeavour, conceived and developed entirely anonymously. While projects of this nature are often susceptible to rug-pulls, the remarkable success of Shiba Inu serves as a testament to the fact that even meme coins can evolve into highly successful projects, provided they are bolstered by a robust and dedicated community.
Unveiling the Unparalleled Essence of YooShi
The cornerstone of the YooShi ecosystem is the YooShi Gamepad, a pioneering NFT-based gaming IDO platform that empowers gaming developers to secure funding by pre-selling distinctive in-game assets in the form of NFTs. By holding a minimum of 1 billion YOOSHI and completing specific tasks on YooShi’s social channels, users can participate in the “blind box pre-sale” of listed projects, with entrants selected on a first-come, first-served basis.
By leveraging the YooShi Gamepad, developers can tap into novel funding avenues, while their users can reap the benefits of participating in innovative projects, potentially unlocking subsequent airdrops. Furthermore, users can trade NFTs on the YooShi NFT marketplace, where trading fees are set at 3%. The fee structure is as follows: 1.5% is burned, 0.3% is allocated to game developers, and 1.2% is channeled into the YooShi mining pool. Additionally, YooShi offers game developers the opportunity to establish their own NFT marketplaces in exchange for a trading fee.
To date, several games have been successfully incubated, including DNAxCAT and StarMon. DNAxCAT brings to life a captivating digital cat pet world, where players can nurture and breed a diverse array of adorable felines, as well as trade their in-game assets. StarMon, short for Star Monster Metaverse, is a 3D play-to-earn game that enables players to build a virtual realm and collect and trade virtual monsters.
What Is the Circulating Supply of YooShi (YOOSHI) Coins?
YOOSHI boasts a total supply of 1 quadrillion tokens, with a strategic distribution mechanism in place. At launch, 50% of the tokens were burned, while 40% were introduced to the market through a fair launch process. The remaining 10% will be gradually burned over time, with 8% already eliminated from circulation. The deflationary tax mechanism embedded in the system ensures that each transaction is subject to a 10% tax. This tax is then allocated as follows: 4% is redistributed to existing token holders, 3% is injected into NFT farming initiatives, and 3% is channeled into the BNB-YOOSHI liquidity pair on PancakeSwap. The remaining 2% of the tokens earmarked for burning will be eliminated from circulation every time YooShi reaches an additional 50,000 users, up to a total of 500,000 users.
The YooShi Network’s Robust Security Framework: A Comprehensive Overview
YOOSHI is a BEP-20 token, seamlessly integrated into the Binance Smart Chain ecosystem.
The Binance Smart Chain (BSC) is fortified by a proof-of-stake consensus mechanism, which ensures the integrity of the network. Every 24 hours, a cohort of 21 validators is elected to validate transactions and safeguard the blockchain’s security. To be eligible for this esteemed role, these validators must stake a predetermined amount of BNB coins with Binance.
Will YooShi Soar to $0.01?
Given the staggering token supply of 500 trillion, it is unlikely that YOOSHI will reach the $0.01 milestone. Nevertheless, the project has witnessed a remarkable upsurge in value following its transformation from a community-driven meme coin to a launchpad for innovative gaming experiences. As YooShi continues to diversify its utility, it is poised to make significant strides and potentially surpass its current market capitalization of $1.2 billion.
Where to Acquire YooShi (YOOSHI): A Comprehensive Guide
YOOSHI is proudly listed on esteemed cryptocurrency exchanges, including MEXC, PancakeSwap, and Gate.io, further expanding its global reach.
Associated Resources:
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Peruse CoinMarketCap’s curated list of the top 10 NFT games that dominated the landscape in 2021.
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