YooShi PriceYOOSHI

What is YooShi (YOOSHI)?

YooShi (YOOSHI) is a community-driven, fair-launched meme token that has evolved into a decentralized finance (DeFi) play-to-earn (P2E) non-fungible token (NFT) gaming ecosystem on Binance Smart Chain (BNB Smart Chain). The branding is inspired by the Yoshi dinosaur from the Super Mario games. YooShi has grown beyond its memecoin origins to become a metaverse-focused cryptocurrency with a full suite of NFT functionalities. The project is built around three core concepts: YooShi GamePad, a gaming initial DEX offering (IDO) platform that helps developers raise funds by preselling in-game NFT assets; YooShi Labs, an independent Web 3.0 game incubator providing technical support and tools for GameFi developers; and the P2E Guild Alliance (P2EGA), which connects players with earning opportunities through play-to-earn mechanics. YooShi describes itself as an early IDO platform on BNB Smart Chain focused on NFT-based gaming projects, and it states that it took part in Binance's Most Valuable Builder II program, a BNB Chain initiative that supports early-stage projects. The token has a total and maximum supply of 1,000,000,000,000,000 (1,000T) YOOSHI, with approximately 363.19T tokens in circulating supply, representing about 36.32% of the total. YooShi launched on 14 May 2021 and was listed on CoinMarketCap on 18 May 2021. It has since been building its metaverse with embedded play-to-earn attributes, aiming to create a world where players can have fun and earn money simultaneously.

Key Specifications & Tokenomics

• Name: YooShi
• Ticker / Symbol: YOOSHI
• Blockchain / Platform: Binance Smart Chain (BSC) / BNB Smart Chain (BEP20)
• Contract Address (BSC): 0x02ff5065692783374947393723dba9599e59f591
• Contract Address (ETH): 0x0c2772db3735bc6e8a95b170ba3f520dbe7ccea7
• Token Type: BEP-20 Token
• Category: NFT Token, Meme Token, Gaming (GameFi), Yield Farming
• Launch Date: 14 May 2021
• Total Supply: 1,000,000,000,000,000 (1,000T)
• Max Supply: 1,000,000,000,000,000 (1,000T)
• Circulating Supply: 363,190,063,319,798 (363.19T)
• Circulating Supply Percentage: ~36.32% of total supply
• Mineable: No
• Fair Launch: 100% of supply seeded as liquidity, no presale or team allocation
• Whale-Proof Mechanism: No wallet holds more than 1% of token supply; maximum transaction limited to 5 trillion tokens
• Auto Farming Reward: YOOSHI holders receive 4% of all transaction fees on the platform
• Official Website: https://www.yooshi.io/
• Block Explorer: https://bscscan.com/token/0x02ff5065692783374947393723dba9599e59f591
• Source Code: https://github.com/Yooshi-io/
• Official X (Twitter): https://twitter.com/yooshi_official

Who created YooShi?

Like Shiba Inu, YooShi is a community-driven project developed entirely anonymously; on 4 October 2021 it appointed Chikyu Bar, head of Samsung Games, as CEO of YooShi Labs, the team overseeing the project's long-term vision. The project is described as community-driven, with governance exercised through its native decentralized memecoin, YOOSHI. YooShi provides an open platform for developers to launch their games and promote them to the large community of YOOSHI holders. The project's fair launch model, in which 100% of the YooShi supply was seeded as liquidity with no presale or team token allocation, reflects its community-oriented approach. As with many community-driven projects, users are encouraged to conduct their own research before participating.

How does YooShi work?

YooShi operates as a multi-faceted DeFi platform governed by its native YOOSHI token. The ecosystem is built on three fundamental pillars. YooShi GamePad functions as an accelerator for game developers, allowing them to raise funds for their projects by preselling unique in-game assets in the form of NFTs. To join a listed project's blind-box pre-sale, users must hold at least 1 billion YOOSHI and complete the required tasks in YooShi's social channels; places are allocated on a first-come, first-served basis. YooShi Labs is a DeFi game incubator that provides GameFi developers with technical support and the necessary tools to design their games and bring their ideas to life, making everything from game conception to technical assistance on the blockchain straightforward. The P2E Guild Alliance (P2EGA) is YooShi's play-to-earn gaming initiative, featuring mechanics that allow players to have fun while extracting real value from their gaming experience. Beyond these core components, the YooShi platform includes a dedicated NFT marketplace for auctioning NFTs, DeFi options such as an auto farming mechanism that rewards YOOSHI holders with 4% of all transaction fees, and an NFT yield farming system that allows YooShi NFT holders to leverage their NFTs for yield farming. The platform also includes yield farming and an NFT yield farming system that lets NFT holders put their assets to work; yields vary with market conditions. The project states that no wallet may hold more than 1% of supply and that a single transaction is capped at 5 trillion YOOSHI; such limits reduce, but do not eliminate, the risk of large-holder influence.

What makes YooShi unique and valuable?

What sets YooShi apart is the combination of a gaming IDO launchpad, an incubator and a P2E guild alliance under one token, rather than a meme coin with no product behind it.

What is YooShi used for?

The YOOSHI token serves multiple functions within its ecosystem. It is used as the native governance token for community-driven management of the platform. The auto farming mechanism redistributes 4% of platform transaction fees to YOOSHI holders; the amount received depends on trading activity and is not fixed or guaranteed. The token facilitates participation in yield farming activities, with multiple yield farms operational and offering APY rewards. YOOSHI is also integral to the NFT marketplace, where it is used for auctioning and trading NFTs. In the play-to-earn game, YOOSHI connects P2E gamers with earning opportunities. Developers use the token within the YooShi GamePad and YooShi Labs to launch and support gaming projects. Additionally, YOOSHI can be traded on various venues, including PancakeSwap v2 on BSC with a YOOSHI/WBNB pair and LATOKEN with a YOOSHI/USDT pair. YooShi is deflationary: it plans to burn 10% of the total supply gradually as the user base grows, and NFT marketplace trading fees of 3% are split with 1.5% burned, 0.3% to game developers and 1.2% to the YooShi mining pool. The token's deflationary tokenomics and community-driven management model aim to align the interests of all participants in the ecosystem.

How Is the YooShi ecosystem developing?

The YooShi ecosystem continues to develop across several fronts. The project is building a metaverse with embedded play-to-earn attributes, creating a world where players can have fun and earn money simultaneously. According to its roadmap, YooShi intends to further develop its metaverse and expand other aspects of its platform to grow the community. The YooShi GamePad and YooShi Labs are positioned to support a growing number of GameFi projects, providing developers with the tools and funding mechanisms they need. The P2E Guild Alliance (P2EGA) is expanding its reach in the play-to-earn gaming sector. The platform's NFT marketplace, yield farms, and auto farming mechanisms are already operational, with many yield farms offering APY rewards to participants. According to YooShi's official X account, 24-hour YOOSHI trading volume on PancakeSwap exceeded $10,000,000 on 28 October 2021. The project's stated participation in Binance's Most Valuable Builder II program has provided additional visibility and credibility within the BSC ecosystem.

How to mine YooShi?

YooShi (YOOSHI) is not a mineable cryptocurrency. The token operates on Binance Smart Chain as a BEP-20 token and does not use a proof-of-work or traditional mining mechanism. Instead, participants can acquire YOOSHI through trading on supported venues or earn it through participation in the ecosystem's yield farming and play-to-earn activities. The platform offers multiple yield farms with varying annual percentage yield (APY) offerings, allowing users to stake assets and earn rewards. An NFT yield farming system also enables YooShi NFT holders to leverage their NFTs for yield farming. Additionally, the auto farming mechanism rewards YOOSHI token holders with 4% of all transaction fees on the platform, providing a passive earning opportunity for those who hold the token. The play-to-earn game component allows players to earn tokens through gameplay. To participate in yield farming, users typically need to provide liquidity to designated pools on decentralized exchanges, after which they can stake their liquidity provider tokens to earn rewards.

How to keep your YooShi Coin safe?

Keeping your YOOSHI tokens safe requires adherence to standard cryptocurrency security practices. Since YooShi is a BEP-20 token on Binance Smart Chain, it can be stored in wallets that support BSC-based assets. Hardware wallets provide the highest level of security by keeping private keys offline and away from potential online threats. For those using software wallets, ensure the wallet is reputable and that you have sole control over your private keys and seed phrase. Never share your private keys or seed phrase with anyone, and be cautious of phishing attempts that may impersonate official YooShi channels. When interacting with decentralized applications, including the YooShi platform, NFT marketplace, and yield farms, verify the contract addresses and ensure you are using official links. The BSC contract address for YooShi is 0x02ff5065692783374947393723dba9599e59f591. Consider using a separate wallet for interacting with DeFi platforms to minimize exposure of your primary holdings. Regularly review token approvals granted to smart contracts and revoke any that are no longer needed. As with any cryptocurrency investment, only invest what you can afford to lose, and stay informed about the project's official announcements and updates. Cryptocurrency prices are volatile, and regulatory policy and technical risks can affect the project and its token; the points above describe how the project presents its mechanisms and should not be read as assurances of value or returns.