Topic: [ANN] Totem - platform for trading of DeFi and derivatives - page 10. (Read 2808 times)

Greetings! 👋🏻 Today we’ll tell you about the cross-chain trading in Totem.

🔗 Cross-chain trading is an exchange of one cryptocurrency for another, which is not built on the trust of the parties to each other, but on the fulfillment of certain obligations.

🔗 Secure cross-chain transactions are especially relevant for large holders of cryptoassets, early investors and members of blockchain start-up teams. As a rule, they are carried out through the atomic exchange protocol, directly from wallet to wallet.

✅ Totem is building a distributed financial infrastructure for digital assets. With the distributed architecture, Totem connects and facilitates value exchange among different blockchain ledgers. It applies the cutting-edge theory of cryptography to build a general-purpose cross-chain protocol and a distributed ledger that records cross-chain and intra-chain transactions.

✅ Public, private, and consortium blockchains all can have access to the Totem network at a low cost. This network makes possible the connection of different blockchain ledgers and the transfer of assets across ledgers. It revolutionizes blockchain technology and expands the blockchain network into a scalable ecosystem

Join Totem to take advantage of its cross-chain trading solutions: https://totprotocol.com

Hello! 👋🏻 In this post, we will tell you how TOTEM differs from other competitors.

Totem sets itself apart from the competition in many ways thanks to the combination of both DeFi and DAO features. With DAO, you can use DeFi products as a payment method and promote them. DeFi uses DAO as a governance mechanism, thus creating a perfect combination

Through the TOTEM platform, using TOTID, any institution or person can share data.

With the best technical security provided on the platform, users can also deal with their business, as TOTEM offers the exchange of deposits, loans, and settlements based on digital assets and smart contracts. There is also an option for trading financial instruments and liquidity mining.

DAO-based management decisions can be made as Totem provides a wide range of digital asset-based decentralized services.

✅ Thus, Totem presents itself as a decentralized financial marketplace based on blockchain and web 3.0 technologies that can help any business or individual in the finance and management industry

📢 Learn more about the TOTEM project on our website: https://totprotocol.com/

Hello! 👋🏻 In this post, we will tell you about the prospects of young blockchain projects on the market

📈 Today, the crypto industry is developing at a tremendous pace. The number of interesting projects is increasing, and the total capitalization of the industry is growing before our eyes.

Contrary to popular belief, young blockchain projects do not live “a couple of weeks before listing”, but much longer. Alas, due to decentralization, we do not have significant statistics.

Indeed, many projects do not live up to the final point of development, but often in such cases, it is easy to find some kind of gaps in leadership, insufficient technological ideas, and solutions.

📌 However, young blockchain projects are incredibly useful for the industry.

🔹 They bring new ideas and come up with non-trivial solutions to old problems.
🔹 Thanks to investments in young projects, the capitalization of the industry as a whole is growing.
🔹 Their tokens in the initial phase cost literally cents, and after half a year their price sometimes exceeds a few dollars, which means this is an excellent investment.

🏆 One of the young and promising blockchain projects is Totem. In addition to a liquidity pool, an excellent investment instrument in the form of a token, and staking, Totem offers a unique solution in the market - TOTID. A tool for authorization on multiple platforms, which allows you to forget about filling out many fields and conveniently use blockchain services.

✅ Thus, young blockchain projects provide many prospects for the industry and also develop the industry as a whole. Thanks to projects like Totem, the blockchain is getting better.

Find out more: https://totprotocol.com/

Hello! 👋🏻 In this post, we will tell you about the industries that intersect with blockchain.

Contrary to popular belief, blockchain can be used not only for financial transactions but also come up with many non-standard solutions that can be simplified thanks to this technology.

🔹 Medicine

Today, blockchain is used in medicine. So, with the help of the blockchain, you can optimize all the documentation and, in particular, the issuance of licenses for medicines. Now it is enough to scan the QR code at the pharmacy and give the patient his drugs.

🔹 Public sphere

Based on the experience of optimization in medicine, China decided to try to get rid of bureaucracy using blockchain. Now, after buying a property, the user uploads the documents to the application and that's it.

🔹 Identification

In some countries, they plan to transfer the identity card to the blockchain. This will simplify the issuance and contribute to digitization.

✅ At the moment, with the help of Totem, you can use TOTID with which you can log in to multiple sites and go through procedures such as KYC in a couple of clicks.

Find out more: https://totprotocol.com/

Hello! 👋🏻 In this post, we will tell you about the use cases of smart contracts.

🤖 Smart contracts are an extremely convenient tool that allows you to avoid intermediaries in any transactions. It is a computer code that contains the terms of the deal. There are many non-standard uses for these tools, for example:

🔹 Medicine
With the help of smart contracts, you can optimize the process of dispensing drugs under license. This practice is already applied in Estonia. The pharmacy scans the QR code of the smart contract and then gives out the necessary drugs.

🔹 Delivery of goods by mail
Today, cash on delivery is often used when delivering by mail. Using smart contracts, you can transfer funds to the blockchain, and after the courier delivers the goods, they will be sent to the company's account.

🔹 Sports betting
Many bookmaker companies still manually send winnings to users. Using smart contracts, you can significantly optimize this process.

🔹 Public sphere
As practice shows, in China, smart contracts simplify the bureaucracy in the country. Especially when buying real estate.

✅ Using smart contracts in Totem, you can greatly simplify your life, as it is a convenient tool that can be used not only in finance but also in various other situations.

Find out more: https://totprotocol.com

Hello! 👋🏻 In this post, we will tell you how to ensure the successful market entry of your token

💳 The release of a token to the market is one of the most important parts of the financial component of a project. A successful token can bring significant dividends to investors and the team, which will allow you to develop your platform more efficiently.

❓ How to ensure your token launch enters the market favorably?

🔸 Pay close attention to marketing.

Few people will buy a project token that they know almost nothing about. Good PR can significantly increase sales.

🔸 Choose the right resources for ICO or IEO

The more reliable the platforms you have listed the token on, the more likely you are to easily reach at least a softcap.

🔸 Compose competent tokenomics

Describe in detail how your token works, what advantages it gives, what technologies it supports, and what use cases it has.

🔸 Do not overcharge your token

Many teams during the sale of tokens often inflate their price. This is a bug that leads to the fact that you might not even collect the softcap.

✅ By following these simple tips, you can easily ensure that your token goes to market successfully, build a softcap, and even get to a hardcap if your project interests the public. One such token is Totem, which provides you with a huge number of benefits, including passive income.

Find out more about Totem token benefits: https://totprotocol.com

As we all probably know, blockchain is not perfect and it has some drawbacks. Let’s take a closer look at some of the major blockchain drawbacks.

From an economic point of view, blockchain has certain disadvantages.

🔹 High volatility of the most widespread blockchain with the PoW consensus algorithm due to the complexity of the transaction - makes it an expensive technology.

🔹 When transferring electronic values, the blockchain allows you to significantly save on payment for the services of intermediaries and guarantors. However, the very creation of the system and its implementation in any area is very costly.

🔹 Scalability is another limitation due to the size of the public blockchain. If the database is overloaded, the speed of transfers is significantly reduced. For instance,
in the bitcoin system, one transaction can take 4-5 hours or more.

🔹 Differentiation of the blockchain. There are currently over 1,400 digital coins in existence, many of which have their own versions of the blockchain. It is not yet clear which of them will be able to survive and which will disappear.

Among the technical shortcomings, the following can be highlighted:

🔹 Impacts at the network level:
- DDoS hacker attack, or a distributed denial of service attack;
- "attack of the Sibyl";
- Eclipse attack, or "information eclipse attack."

🔹 Actions at the user level:
botnets are special anonymous malicious programs that disguise themselves as pirated versions of licensed programs.

🔹 Impacts on blockchain integrity:
- "Attack 51%";
- Double spending, which implies twice successful use of the same funds;
- Selfish mining. This phenomenon can kill the concept of a decentralized system.

🔹 Other attacks:
- Phishing.
- Deface - address substitution.

✅ The Totem platform lays the foundation for new decentralized networks, provides infrastructure for digital currencies and digital asset-based financial applications, and provides support for new financial business models, services, organizations and the entire society and economic system.
 
Learn more about Totem features and solutions: http://totprotocol.com

Greetings. In this post, we’ll take a look at blockchain and ponder if it has a future.

🔗 Blockchain is a technology that remains incomprehensible to many participants in the IT market and other areas. Blockchain is capable of generating qualitative changes in the economy on a global scale, leading to the emergence of a second-generation economy.

🔗 So, using the blockchain, you can organize financial transactions between banks around the world without a single-center, develop a supply system of almost any type, create a fast and reliable system for concluding contracts between a buyer and a seller or a recipient of a service and its supplier, and organize a mailing system.

🔗 Blockchain can be extremely useful for organizations that exchange information, valuable data, but don't trust each other too much. In this case, the technology makes it possible to simplify and improve the processes of exchanging and storing information related to the interaction of these organizations.

🔗 This technology has the potential to transform the economy. In fact, given the large-scale implementation of blockchain, we are talking about creating a second-generation economy, where market participants can do without intermediaries.

🔗 For example, when working with services such as Uber, Airbnb, or eBay, blockchain services allow users to work with resources together, performing transactions directly. In this case, we see the start of the “participatory economy”.

🔗 Since many services are now standardized, the blockchain allows the development of "smart" contracts, which will be drawn up, sent, and signed by the parties to the transaction automatically.

🔗 Also, the blockchain can provide an electronic voting procedure, the implementation of other procedures and processes. Organizations, including banks, financial companies, insurers, lawyers, retailers, etc., will be able to negotiate among themselves without the involvement of regulatory authorities.

📅 According to experts, blockchain will be used everywhere in the near future, changing banking and other industries. For the approbation of technology, according to various estimates, it takes from 2-3 years.

Learn about Totem blockchain features and benefits: https://totprotocol.com

Hello! 👋🏻 In this post we will tell you about why tokens are needed and what they are used for

📌 Tokens are units of value that are not cryptocurrencies, but exist as a record in the blockchain. The benefit of tokens is that they can be used not only as a means of payment, but also as a financial instrument.

There are two types of tokens:

🔹 Utility tokens - they are a tool that gives access to services or services of the platform that issues these tokens.

🔹 Security tokens - this type of tokens is an analogue of shares in the cryptocurrency world. They are used only as an investment instrument.

💰 In addition, cryptocurrency platforms need tokens for the following tasks:

🔸 Users, buying tokens, use them as currency within the ecosystem, with which they pay for services.

🔸 Platforms can receive investments through ICO using their tokens. By offering for sale a part of the total volume of tokens at a specified price, you can raise funds for the development of the project and its more successful implementation.

🔸 Financial services. Token holders can provide financial services to other users, such as loans, insurance, and others.

✅ On the Totem platform, users receive utility tokens at their disposal, which give access to Totem services, and also allow them to earn on the platform using DeFi services.

Find out more: https://totprotocol.com/

Hello! 👋🏻 In this post, we will tell you about Totem liquidity mining.

📌 Liquidity shows how quickly it is possible to buy or sell a certain asset on the market at the optimal price for it. Liquidity is essential for any asset traded, including cryptocurrency. Liquid markets are more extensive, while an illiquid market can put traders in positions that are difficult to exit.

❓ What is liquidity mining?

📌 Liquidity mining is a mechanism used to initiate liquidity. Typically, this means that DeFi users interact with the protocol and receive their own tokens of that protocol.

❓ How does it work in Totem?

🔹 Users are rewarded with Totem platform tokens for offering their assets to the market. Without the intervention of arbitrageurs, the Totem platform does not automatically change prices when external prices change.

🔹 Profit of external arbitrageurs from spreads between the platform and external exchange. Users provide liquidity to the platform and the deposit spread is lost.

🔹 Users suffer the loss of the asset price and lock up the liquidity of the token, yet they gain profits. In addition to commissions for sharing the platform and interest, they can also sell the tokens rewarded by the platform for more profits.

🏆 Thus, thanks to liquidity mining, users can be confident in their investments in our token, while having the opportunity to earn not only due to the rise in the price of the token, but also this mechanism.

📢 Find out more about the Totem project on our website: http://totprotocol.com/

Totem Pool will open the third Genesis TOT token sale to all users at 17:00 on November 15, 2020, Singapore time.

The specific rules are as follows:

1. Purchase method: Users can use USDT to exchange directly in Totem Pool
2. Purchase qualifications: all users who have completed the Totem Pool real-name authentication can participate
3. Purchase price: 0.3USDT/TOT
4. Individual purchase limit: 30USDT
Precautions for purchase:
a. This purchase only supports the use of funds in "USDT Wallet" for exchange, please do not transfer to "TUSDT Wallet"
b. After the purchase is successful, the exchanged TOT will automatically enter the "TOT wallet", and the corresponding amount of USDT will be automatically deducted
c. This token sale is a one-way behavior and cannot be returned after exchange. If you need to exchange for USDT, you can trade by yourself in the trading area
d. The final interpretation of the above content belongs to Totem Pool

Totem Pool Operation Team

Website - http://totprotocol.com
Twitter - https://twitter.com/Totem__Official
Reddit - https://www.reddit.com/r/Totem_Official
Medium - https://totprotocol.medium.com

Dear community members
⠀
Totem has been widely supported by the community since it went online, and Totem's official mailbox has also received feedback from many community users on the mining of Totem mining machines. After receiving feedback from community users, the team attaches great importance to it. After careful consideration by the team, we decided to optimize the rules of the Totem mining machine. The details of the specific rules are as follows:
⠀
1. The pledge deposit is adjusted to the corresponding maximum amount of the mining machine, and the remaining part needs to be manually transferred back to USDT. Please be careful not to transfer all out, just transfer out the excess TUSDT;
2. The mining machines that have been set up by community users are out of the game according to the gold standard of each mining machine;
3. Settlement method: All income is settled to the mining machine with the earliest establishment time, such as overflow income is settled to the second mining machine;
4. The part of income that has been generated before 24:00 on November 10 is not included in the triple income category;
5. Mining machines that have been set up before 24:00 on November 10 will be settled at three times the income.
⠀
After the adjustment, the Totem blockchain will have a more balanced and healthy virtual economy, a more friendly mining method, and accelerate the development of a next-generation DeFi infrastructure.
⠀
Totem team

Website: http://totprotocol.com
Twitter - https://twitter.com/Totem__Official
Reddit - https://www.reddit.com/r/Totem_Official
Medium - https://totprotocol.medium.com

Dear community member

Balancing the virtual economic system and making full use of blockchain incentives for self-governance of community members is the cornerstone of the long-term development of blockchain. Recently, Totem's official mailbox has received feedback from many Totem community users on the issue of mining deposits on the Totem network. In order to maintain a balanced incentive mechanism, the pledge model is now adjusted as follows:

1. The pledge deposit is adjusted to

P1: 120U
P2: 240U
P3: 360U
P4: 480U
P5: 600U
P6: 720U
P7: 840U
P8: 960U
P9: 1080U
P10: 1200U

The surplus USDT pledged will be returned according to the level of the miner pledged by the account. For example: Before the adjustment, the p3 pledge deposit is 1200U, after the adjustment, only 360U pledge deposit is required, and 840USDT should be returned.

The specific adjustment time will be subject to the latest announcement.

It is expected that after the adjustment, the Totem blockchain will have a more balanced and healthy virtual economy, and the ecosystem will grow stronger.

Website - http://totprotocol.com
Twitter - https://twitter.com/Totem__Official
Reddit - https://www.reddit.com/r/Totem_Official
Medium - https://totprotocol.medium.com

Hello! 👋🏻 In this post, we will tell you about the benefits of cryptocurrency staking and the Totem offer

🖥 Staking is called mining using the Proof-of-Stake consensus algorithm. It provides additional income through holding the cryptocurrency in the wallet.

💰 In many ways, staking can be compared to a deposit in a bank, with the only difference that the interest on staking is always higher than in any bank, as well as with the ability to withdraw your funds at any time convenient for you.

📌 Totem's staking strategy includes the following:

🔹 Votes will be preferably given to validation nodes operated by the Totem autonomous community council;

🔹 Retraction strategies, which can be dynamically adjusted to maximize returns in conjunction with the optimization mechanisms built into the Totem Chain;

🔹 Verification node selection criteria. Factors to consider include security, verification node commission rate, reputation, uptime, and optimization to mitigate penalties;

🔹 Reinvestment strategy: the protocol will periodically rebalance received rewards, new collateral, and redemption, and determine whether to reinvest to gain compounded rewards according to algorithms.

🏆 Thus, using staking in Totem, you can conveniently receive additional profit, reinvest it, and earn even more.

📢 Learn more about the Totem project on our website: http://totprotocol.com/

Beosin has completed the security audit service of Totem Chain

The world’s leading Blockchain security company Beosin conducted the rigorous and professional security audit process of Totem Chain on 3 major items and 21 minor items.

Read more: https://bit.ly/3l7cswt

Hello! 👋🏻 In this post, we'll tell you about the DeFi investment attractiveness and Totem’s offer.

🚀 Decentralized finance is a trend in recent months. This industry is not new, however, the percentage of DeFi tokens growing amazes all users.

🔹 The main task of DeFi is to become an alternative to the traditional banking system and replace it with high-tech solutions that exclude bureaucracy and middlemen. This means the possibility of lending, borrowing, transactions with derivatives, investments and so on using a decentralized open source network without the participation of banks.

🔹 Smart contracts verified by participants in the blockchain automatically perform the functions of financial agreements. At the time of this writing, the total amount for DeFi contracts is about $ 8 billion.

🔹 With the help of decentralized finance, you can issue a loan in cryptocurrency, or join the yield farming, providing liquidity to the token and earning control tokens.

❓ Is DeFi a Good Investment in 2020?

📌 Investing in decentralized finance is a great solution for many years to come, however, users should exercise a little caution. A smart investor will always do his own investigation of an investment first.

📖 Carefully study the project in which you are going to invest. All financial mechanisms must be described in the White Paper of the project. Besides the token, it would also be a good decision to invest in liquidity pools.

✅ Thus, DeFi is a very good investment in 2020, the price of protocol tokens is growing steadily, and they themselves are gaining popularity.

📢 Find out more about Totem's unique offer now: http://totprotocol.com/

Dear Users

TotemPool’s first round of Genesis TOT subscription activity opened on November 1st has won the enthusiastic participation of the community. The first round of 19,000 base coin subscriptions was completed within 10 minutes of going online, and there were tens of thousands of online snap-up users. Up to now, the token price of TOT is 1.78 USDT.

Today, we are happy to announced that the second round of TOT token purchase activities will start in 48 hours and will be open to all users to participate.

TotemPool always takes the user as the core, please understand if any inconvenience caused to you!

TotemPool team

Website - http://totprotocol.com
Twitter - https://twitter.com/Totem__Official
Reddit - https://www.reddit.com/r/Totem_Official
Medium - https://medium.com/@totemtoken

Hello! 👋🏻 In this post, we will tell you about the Totem stabilization mechanism

💳 The stabilization mechanism is a mechanism that mitigates fluctuations in the market price of a token and the risks of default by a company that has committed to redeeming the token with labor. In the case of TOTEM, we use the aDai token for this.

📌 It is pegged to the US dollar at a rate of 1 aDai = 1 USD, and the Totem network is used to maintain this value. How does the TOT stabilization mechanism work?

🔹 Configures the CDP risk parameters. Thus, all holders of the TOT token are entitled to manage the risks of the network. They can configure these parameters both manually and automatically.

🔹 You can customize the auction liquidation parameters. It is necessary to balance profit and accumulated debt. So, thanks to him, the system is stable. The stability fee is recorded as profit.

🔹 All holders of TOT tokens have the right to vote on the addition of new cryptocurrency assets that will ensure the creation of new CDPs, as well as the parameters of its risk and liquidation auction.

🔹 In addition, all token holders also have the right to vote to remove crypto assets that secure them for future CDPs.

🔹 Configures the oracle machines. They are necessary for the network to work, so token holders can vote to add new ones or delete old oracle machines.

✅ Thus, thanks to the stabilization mechanism, it is possible to successfully maintain the token price at the level required for the market. Holders of TOT tokens can directly participate in decision making by voting.

📢 Learn more about the Totem project on our website: http://totprotocol.com/

TOT will open trading on Totem Pool at 15:19 on November 1st

Totem Pool will launch the decentralized financial infrastructure platform Totem's governance token TOT at 15:19 on November 1. The opening price of TOT is 0.3 usdt per TOT. The Totem Pool users can trade TOT token on TotemPool.

Hello! In this post, we will guide you about DeFi as a rapidly growing cryptocurrency sector.

Today, decentralized finance is the fastest growing cryptocurrency industry. Protocols that use decentralization attract a lot of investment, and tokens are growing at incredible percentages.

❓ Why DeFi?

Decentralized finance was created to counterbalance the banking sector, whose main problems are bureaucracy, the complexity and high cost of international transfers, as well as the lack of transparency in banking in general.

DeFi offers its users the exact opposite. The source code is open to everyone. Transfers can be carried out anywhere in the world with minimal fees and without unnecessary paperwork. Plus, there is a great opportunity to make money on staking. Dollar deposits in banks offer a profit that amounts to a couple of percent per year, while DeFi platforms can sometimes offer up to 100% or more.

The growth of decentralized finance is primarily due to the fact that the COVID-19 pandemic has shown the backwardness of the usual approach to banking. Using DeFi, you can access any kind of financial services around the clock, bypassing the banking sector.

✅ Totem is a decentralized financial infrastructure platform for cross-chain trading of DeFi products and financial derivatives. To meet needs in various financial application scenarios, it offers Totem Chain and a series of open protocols, including decentralized identity TOTID, stable coin protocol TOTS, and liquidity protocol TOTL.

✅ The Totem platform lays the foundation for new decentralized networks, provides infrastructure for digital currencies and digital asset-based financial applications, and provides support for new financial business models, services, organizations and the entire society and economic system.

Learn more about the Totem project and its DeFi benefits: http://totprotocol.com