We’re very excited to launch the subsequent 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 mandatory 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 subsequent few days. The workforce continues to develop, with 4 new devs becoming a member of us final week!
We’re coming into into the ultimate phases earlier than a full launch. Under are the subsequent huge milestones on the highway 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 Pronounces 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 reap the benefits of their progressive new Pop-Up-Swimming pools idea. This transfer will enable us to democratise our personal 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 personal 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 have the ability to be swapped for actual TOTM tokens at a later date, giving traders entry to our personal sale value of $zero.170.
This partnership will enable 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.
Tips 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 might be retired, and holding tokens will stop to be issued. The PUP may even current LPOOL token holders with an attention-grabbing financial determination — they have to resolve between both farming for extra LPOOL tokens within the present swimming pools, or “allocation mining” within the PUP.
Individuals 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 might be achieved in accordance with our vesting schedule, and shifting the token to a special deal with might lead to lack of your complete allocation. The holding token has no worth apart from its capacity to be swapped at a later date for the actual TOTM tokens.
The entire detailed pointers for collaborating in our first PUP might be launched within the subsequent few days, so in case you’re planning to take part, be certain that to verify our bulletins on Twitter and Telegram each day.
N.B: The $10,000 (58,823.5 $TOTM) allocation for this endeavour has come from Alphabit’s personal strategic sale allocation, and might be vested in Launchpool’s sensible contract for five months, in accordance with the vesting schedule of TotemFi’s strategic sale spherical.
Launchpool ($LPOOL) leverages communities, information, experience, contacts and capital to supply crypto initiatives with the absolute best begin to life, maximising their probabilities for achievement on this fast paced & dynamic house.
What’s in a reputation? Constructing the model behind Totem.
Whats up Totem warriors.
The universe of decentralised finance is huge and it’s solely getting larger. Because it stands, lots of of 1000’s of tokens make their dwelling on the blockchain. So from the start, we knew we wanted to construct a model that might 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 a bit of 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 finally 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, after 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 had been settled on the title, we set about growing that concept into a visible language that might assist us stand out from the group. 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 kind 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 usually are not static entities, however residing issues. With this in thoughts, we’re already trying to the long run and pondering of how through which we are able to additional evolve Totem. This extends not solely to aesthetics but in addition to the event of our product and the way we select to gamify Totem and interact 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 turned strikingly obvious; that there’s a elementary downside with conventional monetary methods.
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 so forth., the dangers of cybercrime, bribery, corruption and fraud had been additionally rising.
This can be a logical correlation; the extra folks concerned in a monetary transaction, the better the possibility is unhealthy actor will discover his method into the system. Mix this with the perennial dangers related to giant, 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 boost eyebrows within the (digital) boardrooms of Wall Road and the Metropolis.
And but, regardless of this, the headlines did certainly come as a shock. It incited quite a lot of indignation that monetary establishments, which had lengthy elicited suspicions of surreptitious malpractice, might so overtly show their contempt for retail traders. And in doing so, additionally they inadvertently achieved one thing seemingly not possible; consensus throughout the US get together 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 question the hypocritical side of this fiasco performed an element in uniting their verdicts; counted among the many rank and file of corporations who impeded retail traders had been those that claimed to be democratising monetary markets.
This example introduced the demand for a decentralised monetary system to a zenith; a public blockchain can be able to offering monetary providers and market entry to everybody, no matter their standing, location, web value and so forth. The variety of startups and corporations which have acknowledged the potential of open supply networks to alter, decentralise, and democratise financial exercise is rising exponentially, with progressive new ventures coming into the house 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 belongings akin to BTC with out the necessity for intermediaries. Their CEO, Jolyon Layard Horsfall, was 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 typical investor. If TotemFi’s customers’ consensus had 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 routinely executed this.”
As such, decentralised networks akin to Bitcoin and Ethereum might go a great distance in fixing points round excessive obstacles to entry inside the conventional monetary system due to their permissionless nature, which means that anybody on the earth can hook up with it. On a worldwide degree, 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 1000’s of units, and there’s no central authority or repository controlling the stream of knowledge or exercise. Blockchain can be, opposite to the favored false impression, utterly clear, since all transaction data are publicly auditable and trackable on the fee ledger.
Within the wake of GME, retail market contributors 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 better variety of customers, its potential to reshape and redefine the monetary and transactional methods will grow to be extra pronounced by the day.