Sumo ZUNA-themed DeFi token goes to IOST live

Press release

December 10, 2021 – IOST Decentralized Financial Protocol (DeFi), Yokozuna Finance officially launches its ZUNA token. The gamified DeFi project, inspired by sumo and containerless tokens (NFT), has caught on in the IOST and DeFi communities and consistently broke records in IOST’s decentralized application (DApp) ecosystem.

The project with a total offer of 100 million tokens and a deflationary distribution model will be made available to investors through a fair start on application.yokozuna.fi. It is developed and maintained by an experienced global team and advisory board composed of professional experts and contributors from the fields of technology, finance, sports, entertainment, media and science. Yokozuna Finance’s mission is to educate and entertain IOST fans while introducing the sport of sumo to an enthusiastic and nontraditional audience worldwide.

Based on the IOST network for its efficiency, lightning speed and low transaction costs, Yokozuna Finance allows users to accompany the journey of a young rikishi (sumo wrestler) who dreams of becoming a yokozuna or grand champion. .

At its core, many attractive features of Yokozuna Finance are set up to create a pleasant and amazing user experience. These features include dual mining, automated market makers, decentralized autonomous organizations (DAO) funds, deflationary tokens, vaults, governance, cross-chain liquidity, NFT staking, and GameFi.

The project’s roadmap in early 2022 introduces auctions and secondary markets where its ZUNA native token will be used solely to buy and sell sumo NFTs and related items for further marketing, accessibility and performance improvements, including increased APY for users.

When fully implemented, eligible NFT holders will own and manage a Yokozuna Finance DAO starting December 10th, which is funded through transactions, followed by an innovative NFT system with learning-based revenue. The game will be released in the 2nd quarter of next year.

Ultimately, the owners of the DAO Fund will not only share in the success of the DAO through distributions, but will also vote to support global sumo initiatives aimed at expanding the sport around the world.

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.