We’re very excited to launch the following step in our roadmap launch! We’ve finalised the construct on our facet, and now we’re simply within the strategy of operating all the required safety checks and ready for our auditors to work their magic.
Issues at TotemFi HQ have been shifting at a really excessive tempo, and now we have some main partnerships and thrilling bulletins to observe over the following few days. The workforce continues to develop, with 4 new devs becoming a member of us final week!
We’re getting into into the ultimate phases earlier than a full launch. Beneath are the following massive milestones on the street to take-off:
- 26th March: Audit Commences
- 31st March: Whitelist open
- 4th April: Whitelist Closes
- sixth April: DuckSTARTER IDO
- ~2 hours later: Full launch on Uniswap
TOTM token public sale metrics
Whole provide: 10 million TOTM
Public sale: 450,000 TOTM (four.5%)
Value per TOTM: $zero.225
Whole worth: $101,250
We’re very excited to have you ever all with us on this journey, and we stay up for welcoming many new members to the TotemFi group as we strategy launch!
TotemFi Publicizes New Partnership with Launchpool
In a transfer which is able to make the TOTM token launch much more honest and inclusive, we’re partnering with Launchpool to benefit from their progressive new Pop-Up-Swimming pools idea. This transfer will permit us to democratise our non-public sale spherical even additional, and guarantee we’re serving all stakeholders equally.
Launchpool’s Pop-Up-Swimming pools (PUPs) are a primary ever for the world of decentralized launchpads, and produce non-public tier pricing to the broader crypto group. $LPOOL token holders who stake into the PUP will obtain a TOTM holding token as reward, which is able to be capable to be swapped for actual TOTM tokens at a later date, giving traders entry to our non-public sale worth of $zero.170.
This partnership will permit us to supply our early traders with one other path to market entry for TOTM, and represents a dedication to TotemFi and Launchpool’s joint values of openness, equity, egalitarian investing, and equitable token distributions. We’re additionally very grateful to Alphabit, who’ve supplied their very own strategic sale allocation of TOTM for this endeavour.
Pointers for the First PUP
The pool will launch in a couple of days and run for a interval of two days (48 hours), on the finish of which the pool shall be retired, and holding tokens will stop to be issued. The PUP can even current LPOOL token holders with an fascinating financial determination — they need to determine between both farming for extra LPOOL tokens within the current swimming pools, or “allocation mining” within the PUP.
Contributors on this PUP should not transfer their holding tokens from the deal with the place they first obtain it! The swap for the actual TOTM token shall be finished in accordance with our vesting schedule, and shifting the token to a unique deal with may end in lack of your total allocation. The holding token has no worth apart from its capability to be swapped at a later date for the actual TOTM tokens.
The whole detailed pointers for collaborating in our first PUP shall be launched within the subsequent few days, so when you’re planning to take part, be certain that to test our bulletins on Twitter and Telegram day by day.
N.B: The $10,000 (58,823.5 $TOTM) allocation for this endeavour has come from Alphabit’s personal strategic sale allocation, and shall be vested in Launchpool’s sensible contract for five months, in accordance with the vesting schedule of TotemFi’s strategic sale spherical.
Launchpool ($LPOOL) leverages communities, data, experience, contacts and capital to supply crypto initiatives with the absolute best begin to life, maximising their possibilities for fulfillment on this fast-paced & dynamic area.
What’s in a reputation? Constructing the model behind Totem.
Good day Totem warriors.
The universe of decentralised finance is massive and it’s solely getting greater. Because it stands, a whole bunch of hundreds of tokens make their house on the blockchain. So from the start, we knew we wanted to construct a model that may act as a beacon and was sturdy sufficient to set itself aside.
First, we wanted a reputation. DeFi Predictor Protocol was our working title. Whereas correct, we felt the decision for one thing somewhat extra inspiring. With our imaginative and prescient of making a community-driven, staking-based prediction platform in thoughts, we noticed two themes: power in numbers, and prescience.
The previous harks again to an atavistic precept which is universally understood, the latter dips its toe into the world of mysticism and precognition.
After a broad brainstorming session, we ultimately settled on a reputation which we felt embodied each parts: Totem. A phrase which is each acquainted and unique, encouraging adoption and intrigue in equal measure. Most individuals, once they learn the phrase, are reminded of the totem poles of the American indigenous peoples, however in a broader sense, it refers to any object, group or gathering of significance and energy. An ideal match for our imaginative and prescient.
As soon as we have been settled on the title, we set about creating that concept into a visible language that might assist us stand out from the gang. Launching into such a aggressive market we opted for a daring, clear look, each by way of our model illustrations and color pallete. Totem’s sundown orange, lakewater greys and arctic blues are all chosen with this in thoughts.
The phrase Totem has sturdy associations with the pure world, and we carried this ahead: mountains, forest and moonlit skies type our set dressing, and we named our staking swimming pools Owl, Wolf and Fox. Every animal is abstracted to its easiest, most recognisable parts, and may be stacked in blocks, representing each the blockchain itself and the T of the Totem household brandmark.
We’ve additionally given every workforce member an animal designation, to assist consolidate our tribe and higher ambass the model. With every new addition, our Totem grows.
In fact, manufacturers will not be static entities, however residing issues. With this in thoughts, we’re already trying to the long run and considering of how during which we will additional evolve Totem. This extends not solely to aesthetics but additionally to the event of our product and the way we select to gamify Totem and have interaction with our group.
Group is on the coronary heart of our imaginative and prescient for Totem, and we’d love to listen to your ideas and suggestions on the way you understand our model. Please don’t hesitate to achieve out on our channels and tell us.
Thanks for studying,
2021, and the inexorable rise of decentralised finance
First seen in investing.com: https://uk.investing.com/analysis/2021-and-the-inexorable-rise-of-decentralised-finance-200465585
The primary 30 days of 2021 didn’t fairly present the placid distinction to 2020 which the world hoped for, nevertheless from the agitation and affray one inescapable truth grew to become strikingly obvious; that there’s a elementary downside with conventional monetary programs.
GameStop (NYSE:GME) introduced this to the forefront of the general public consciousness, however the actuality is that the problems which result in that scenario escalating to the extent it did had been brewing for a very long time. In 2014 PwC published a report which highlighted that, inside the rising monetary middleman sector of banks, brokerages, centralised exchanges and many others., the dangers of cybercrime, bribery, corruption and fraud have been additionally rising.
It is a logical correlation; the extra folks concerned in a monetary transaction, the larger the possibility is unhealthy actor will discover his approach into the system. Mix this with the perennial dangers related to massive, over-centralised, unaccountable establishments, and it ought to’ve come as no shock that brokerages and suppliers of retail liquidity turned their faucets off to the general public when the worth of GME began to lift eyebrows within the (digital) boardrooms of Wall Avenue and the Metropolis.
And but, regardless of this, the headlines did certainly come as a shock. It incited a substantial amount of indignation that monetary establishments, which had lengthy elicited suspicions of surreptitious malpractice, may so overtly show their contempt for retail traders. And in doing so, in addition they inadvertently achieved one thing seemingly not possible; consensus throughout the US celebration political spectrum.
Alexandria Ocasio-Cortez, Ted Cruz and Donald Trump Jr. all got here out to sentence the actions of brokerages which closed their markets to retail merchants, whereas hedge funds noticed no disruption to their market entry. Little doubt the hypocritical facet of this fiasco performed a component in uniting their verdicts; counted among the many rank and file of companies who impeded retail traders have been those that claimed to be democratising monetary markets.
This case introduced the demand for a decentralised monetary system to a zenith; a public blockchain could be able to offering monetary companies and market entry to everybody, no matter their standing, location, web value and many others. The variety of startups and corporations which have acknowledged the potential of open supply networks to alter, decentralise, and democratise financial exercise is growing exponentially, with progressive new ventures getting into the area every day.
One such enterprise is a decentralised cryptocurrency predictions market platform referred to as TotemFi; they provide traders the power to take a position on the long run costs of crypto property akin to BTC with out the necessity for intermediaries. Their CEO, Jolyon Layard Horsfall, was just lately quoted in an interview discussing the GME scenario: “GameStop has introduced the necessity and the demand for decentralised finance platforms into the forefront of the general public conscience; conventional exchanges, even these which claimed to democratise monetary markets, refused to supply market entry to the common investor. If TotemFi’s customers’ consensus have been that they needed to take a position on the worth of GME, it wouldn’t have been our determination whether or not to permit this or not; the customers would have determined, and the platform’s protocols would have robotically executed this.”
As such, decentralised networks akin to Bitcoin and Ethereum may go a great distance in fixing points round excessive limitations to entry inside the conventional monetary system due to their permissionless nature, which means that anybody on the earth can connect with it. On a world stage, this is able to alleviate issues of inequality posed by the present centralized monetary system.
Moreover, bitcoin and different cryptocurrency networks are decentralized. Which means that data are saved scattered throughout hundreds of gadgets, and there’s no central authority or repository controlling the stream of knowledge or exercise. Blockchain can also be, opposite to the favored false impression, fully clear, since all transaction data are publicly auditable and trackable on the fee ledger.
Within the wake of GME, retail market individuals the world over are clamouring for options akin to these, and are turning in direction of blockchain tech in a bid to extricate unaccountable intermediaries from their monetary transactions. As decentralised tech turns into extra prevalent, and is adopted by a larger variety of customers, its potential to reshape and redefine the monetary and transactional programs will turn out to be extra pronounced by the day.
I’m a Crypto author and I take great interest in the Blockchain technology. I have been writing since 2014 on various aspects of the Bitcoin protocol and the Ethereum network. I’m also a regular contributor to Decrypt, where I cover news and offer analysis on the latest trends in the cryptocurrency industry.