YooShi YOOSHI
About
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 Unique?
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.
Can YooShi Hit $0.01?
Considering the massive supply of 500 trillion tokens, YOOSHI will most probably not hit $0.01. However, the project has experienced a strong uptrend after switching from being a purely community-driven meme coin to a launchpad for new games. With the increased utility, YooShi can continue to make strides and expand beyond its current market cap, standing at a respectable $1.2 billion.
Where Can You Buy YooShi (YOOSHI)?
YOOSHI is available on MEXC, PancakeSwap and Gate.io.
AI Analysis
What is the YooShi (YOOSHI) cryptocurrency good for? What are its main use cases?
YooShi (YOOSHI) is a cryptocurrency that was primarily designed to serve as both a utility token and a governance token within its ecosystem, which focuses on gaming, particularly in the realms of play-to-earn and blockchain gaming. Here are some of its main use cases:
Gaming Ecosystem: YooShi is often integrated into gaming platforms where players can earn, trade, and spend YOOSHI tokens. It serves as an in-game currency that players can use to purchase assets, upgrade characters, or access premium content.
Play-to-Earn Model: YooShi supports a play-to-earn model, allowing players to earn tokens by participating in games. This incentivizes gameplay and can potentially create a revenue stream for players.
NFT Integration: YooShi can be utilized to buy, sell, or trade non-fungible tokens (NFTs) within the ecosystem. This includes unique in-game assets that can be owned and traded by players.
Staking and Rewards: Users can stake their YOOSHI tokens to earn rewards or other tokens within the ecosystem. This encourages holding and using the tokens rather than selling them immediately.
Governance: YOOSHI holders may have governance rights, allowing them to participate in decision-making processes related to the development and direction of the YooShi ecosystem.
Community Engagement: The token can also be used for community initiatives, giveaways, and events, fostering engagement among users and rewarding loyal participants.
Cross-Platform Usage: Depending on its partnerships and integration with other platforms, YOOSHI can be used across different games and applications, enhancing its utility and reach.
As with any cryptocurrency or blockchain project, it's vital for potential users and investors to conduct thorough research and stay informed about the project's developments, updates, and community feedback.
What blockchain does YooShi use? Is it its own blockchain or built on top of another?
YooShi operates on the Ethereum blockchain. It is an ERC-20 token and is built on top of the Ethereum network, rather than having its own independent blockchain. This allows YooShi to leverage Ethereum's established infrastructure and security features.
Is YooShi programmable? Does it support smart contracts or decentralized applications?
YooShi is a gaming ecosystem built on the Binance Smart Chain (BSC) that primarily focuses on the GameFi sector and aims to create play-to-earn gaming experiences. As of my last update in October 2023, YooShi does support features like token swapping and transaction functionalities, but it is primarily a project centered around gaming rather than general-purpose smart contracts or a wide variety of decentralized applications (dApps).
It’s important to note that while YooShi and similar projects might utilize smart contracts for their specific functionalities (such as managing token transactions, in-game assets, etc.), they do not provide a platform akin to Ethereum for deploying arbitrary smart contracts.
For the most current capabilities, features, and developments regarding YooShi or any updates on its programmability, I recommend checking their official website or community announcements, as blockchain projects frequently evolve.
How fast are YooShi transactions? What is the typical confirmation time and throughput (transactions per second)?
As of my last knowledge update in October 2023, YooShi is a blockchain-based gaming platform that utilizes the Binance Smart Chain (BSC). Transaction speeds and confirmation times on BSC are generally very fast due to its design, typically achieving block times around 3 seconds.
The throughput on Binance Smart Chain can reach up to around 100 transactions per second (TPS), though actual performance can vary based on network conditions and congestion.
For YooShi specifically, the actual transaction speed and performance can also depend on their specific implementations and the current network state. Always refer to the latest documentation or announcements from YooShi or Binance Smart Chain for the most accurate and updated information.
How much data can I store on the YooShi blockchain? Does it support on-chain data storage?
YooShi is primarily a blockchain platform that focuses on gaming, NFTs (non-fungible tokens), and decentralized applications. While YooShi provides features for developing games and managing digital assets, it does not offer extensive on-chain data storage like some other blockchains.
Typically, blockchains have limitations on the amount of data that can be stored directly on-chain, primarily due to concerns about scalability, speed, and cost. For most blockchain platforms, storing large amounts of data directly on-chain can be expensive and inefficient. Instead, many projects choose to store metadata or essential identifiers on the blockchain while keeping larger data files off-chain, often using decentralized storage solutions like IPFS (InterPlanetary File System) or cloud storage.
To determine the exact capacities and abilities regarding on-chain data storage specifically for YooShi, you should consult the latest documentation or community resources, as these can provide the most up-to-date and detailed information about the platform's capabilities and limitations.
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