How Yooshi Works

Welcome to this post, where we are going to see how yooshi works, and all that this project that started as a meme coin and has become a great project of NFT’s games can offer you.

Yooshi started as a meme coin without much project behind that experienced a great growth in a short time. And the project evolved to become a platform to launch new play to earn games, and different functionalities, which has turned Yooshi into a great project, if we compare it with other meme coins that have nothing behind them and do not provide any value with their token.

Yooshi knew how to take advantage of its great growth and use its resources to create a platform focused on NFT’s and NFT’s that can be used either for mining as mobox or for use within a game, like many play to earn games.

What is Yooshi

Decentralized Meme currency grows in YooShi’s game Metaverse. YooShi is dedicated to build a bridge between P2E game and players and make the game not only for fun, but also can make money! A community of over 245k and more on the horizon.

Yooshi has become a reference in play to earn games and has already helped launch two projects on its platform for future play to earn games. Both the token and the NFT’s of each game. At the same time, he has given a utility to the NFT’s of the games before being able to use them to play, using them for mining and getting more tokens.

Yooshi has really been evolving, where it started being just a meme coin, then they launched their own collection of NFT’s, and thanks to the support and great community they created, they launched their own launchpad of new projects play to earn games that are reviewed and integrated into the ecosystem of Yooshi, with advantages to be integrated, both for users and for game developers. In addition to having its own mobile app to interact with the Yooshi platform from any device without any problem.

Let’s see the different sections that you can find in yooshi, and how to use them and take advantage of all the features it has.

Games

The first thing we find is games. Here, you can see the games that have been released on the Yooshi platform. Currently there are two games, and you can see an image with information about that game, such as the language, platform and network it uses. As more games are released, you can find them here.

If you click on any of the games, you can find very useful information about the game, such as more detailed images of what it looks like. The most interesting part is the play now button to go to the official page of the game, and underneath, where you can find the different ways the game has to earn money in Earn. Either by playing, staking or farming with LP Tokens. If we scroll down further, you can also find the NFT’s of that game that you can buy in the Marketplace of the game or yooshi, depending on where the collection is located.

It really is a faster way to see the most relevant aspects of the project, without the need to read its documentation or enter its official website, to get an idea of how it works.

Launchpad

Launchpad, as the name suggests, is a launchpad for new projects or collections of Yooshi’s NFTs. Here, you can find token launches of new projects, collections of NFT’s of new games, and also new collections of Yooshi themed NFT’s.

To be able to participate will depend on each release. Some of them work with whitelist, while others are a first-come, first-served system to get access to buy NFT’s or the launch token. If you want to be aware of the launches and how to access them, I recommend you to follow them on their social networks to know when they are going to happen.

NFT Market

NFT Market is where you can buy and sell Yooshi NFT’s, as well as games that have been released on their platform. At the top, you can filter by all NFT’s, or if you only want to see those of a specific game or Yooshi.

At the top, you can find information of all transactions, all commissions earned and total sales in dollars.

Currently all the NFT’s in the market work in auction, so you will have to indicate an amount higher than the lower one and wait for the auction to end and for your bid to be the highest. You can indicate your bid in yooshi tokens or BNB. To do this, select the NFT you are interested in, click on bid now, indicate the amount, confirm in your wallet and that’s it. If you scroll down, you will see the auction history of that NFT, and at the top the time remaining for the auction to end.

NFT Mining

YooShi’s NFT mining pool is the main place for users to staking by NFT to get income, and all the tokens in the mining pool will be distributed according to the proportion of NFT mining power the user has. According to the design of YooShi’s economic model, 3% of each YOOSHI transaction fee is placed in the NFT pool. With the increase of YOOSHI applications, YooShi’s NFT mining pool is going to have a steady stream of revenue.

There are 8 positions available in the YooShi NFT mining pool for each user, and 1 NFT can be staked in a position. Users who want to get more income can click the “Upgrade HashRate” under each position to have the corresponding multiplier based on the original basic NFT mining power by staking a certain amount of YOOSHI.

On each Yooshi NFT and those that can be used for mining, you will see a number, which is the hash power of that NFT. The NFT Mining option is currently available for Yooshi, DNAxCAT and StarMon NFTs. Remember though, only with NFT’s that have a number in their image.

In the left panel, in mining pool 3.0 in the case of yooshi, you can see the amount you can get each day. You can look at 1000 Mining Power/24H to get, it will tell you what you get with 1000 mining power each day. You simply have to make a rule of 3 to know how much you will get with your mining power.

Farms

In farms, you can bring liquidity from different LP Tokens in relation to the yooshi ecosystem. Such as SMON-BUSD, YOOSHI-BNB, DXCT-BUSD, among many others. Each farm, you will be able to see in earn the token you will receive and in apr the annual % they are currently paying for providing liquidity to that LP.

Keep in mind the impermament loss before contributing liquidity and the risks of farming with two tokens, if you do not know what it is, you can check it on our website.

Yooshi NFT’s

Here, you can see the different Yooshi NFT’s available. If you select NFT Box, you will see the different Yooshi NFT’s with their hash power. If you click on any of them, you will see the amount of that NFT, and more information.

Most Yooshi NFT’s have already been mined, so you will have to buy them in the Marketplace if you want to get one. You can also wait for a new Yooshi NFT to be released and be lucky enough to be able to participate in minting it.

If we go to mint, you will be able to mine new exclusive Yooshi, although you will have to use other Yooshi that you have. So you will have to have the amount of Yooshi NFT’s indicated, and pay an amount to get the new Yooshi NFT. Here, every so often you will see a new NFT to mine, if you meet the requirements and have enough Yooshi NFTs.

I hope it has helped you to know more in detail this project, focused on crypto games and NFT’s. Remember that, if you don’t have an account with binance, you can create one just below.