Topic: [ANN] Totem - platform for trading of DeFi and derivatives - page 11. (Read 2798 times)

Hello! 👋🏻 In this post, we will tell you about the decentralized identifier

📌 The TOTID protocol was created to solve the problem of segmentation of the crypto world. With this identifier, Totem users can access any asset or service on any blockchain.

🖥 The TOTID system is a two-part identification protocol.

🔹 The first part is the identifier protocol itself, which is implemented on the W3C DID standards and is used to manage identifiers in the blockchain.

🔹 The second part is the declaration of reliability. It is a single object with a set of attributes of another object and an attached digital signature.

📌 How TOTID works and its benefits

🔸 A TOTID holder may receive a TOTID statement from a reviewer or give it out to someone else.

🔸 TOTID provides multidimensional authentication and records it on the blockchain, thus providing a secure way to authenticate.

🔸 So, using TOTID, you can go through the KYC procedure.

🔸 Developers provide their services for applications based on TOTID, for users and various dApps

🔥 Thus, TOTID technology can be used to protect the confidentiality of users’ personal data and private keys.

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

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

📌 Proof-of-Stake has some disadvantages. For example, almost all DeFi projects build their token on the ERC-20 standard, so Eth holders are extremely interested in such projects.

💡 To solve this problem, our team has introduced its own liquidity protocol

🔹 Totem Liquidity Protocol creates a decentralized staking pool on our network. With its help, users can block our tokens on the wallet and receive STOT tokens for this, which are a liquid asset and can be traded. The protocol governs the issue of STOT and is redeemed using TOT.

🔹 At the same time, the delivered TOT becomes an item of trade using the protocol, which means that the STOT copies the value obtained from the regular TOT for additional applications, while the security of the network does not decrease.

🔹 The STOT and TOT rates can grow over time, as staking rewards depend on several factors, including coin inflation, staking strategies, etc.

✅ Thus, thanks to the liquidity pool, Totem collects a sufficiently large stock that allows users to exchange their tokens for any other without losing value.

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

95,000 TOT give away for a limited time, the first step for ecosystem incentives

The first phase of Totem Pool will consume 2% of the TOT (95,000 pieces) of the ecosystem deployment part for the first phase of ecosystem incentives. Users and their teams can receive high rewards if they meet the corresponding standards. The excess of rewards will be increased according to the actual situation. ecosystem deployment consumption. The assessment time is from November 1, 2020 to January 1, 2021.

The assessment criteria are as follows:

1. Community building rewards
Standard: Form a social group with more than 200 people, the group interaction volume reaches 60 people/day, the official robot enters the group, and the group news reaches 300 pieces/day
Reward: 30TOT

2. Referral rewards
Standard: A total of 12 direct miners
Reward: 20 TOT for a one-time reward, and 1 TOT for every additional person after that

3. Performance reward
Standards: During the assessment period, the team’s cumulative maximum number of miners has reached the corresponding standards as follows:

The team of miners reaches 500:
V2 level rewards 500TOT,
V3 level rewards 1000TOT,
V4 level rewards 2000TOT,
V5 level reward 3000TOT

The team of miners reaches 1,000:
V3 level rewards 2000TOT,
V4 level reward 3000TOT,
V5 level reward 4000TOT

The team of miners reached 2000:
V3 level reward 3000TOT,
V4 level rewards 4000TOT,

The team of miners reaches more than 3000:
V5 level reward 10000TOT

After the event is over, the settlement will be unified and the reward will be distributed to the TOT wallet.
⠀
The final interpretation of this activity belongs to Totem Pool.

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

Announcement on the initial Genesis TOT token sale

Totem Pool will open the Genesis TOT initial token sale from 15:19 on November 1, 2020, Singapore time.

The specific rules are as follows:
1. Purchase method: Users can use USDT to exchange directly in Totem Pool
2. Participation qualifications: all users who have completed the Totem Pool registration can participate
3. Purchase price: 0.3U/TOT
4. Individual purchase limit: 30U

Precautions for purchasers:

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. The final interpretation of the above content belongs to Totem Pool

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 features of our token.

💡 According to the SEP classification, the TOT token is a utility token. Despite the fact that the token is used as a universal instrument, it is also a kind of analogue of a security.

❓ What features does TOT have?

📌 The Totem platform is controlled by token holders. Thus, the large shareholders perform the same function as the large shareholders.

📌 Staking. In order to ensure the security of the platform in the area of ​​management, our team has implemented a stack. The PoS consensus algorithm, thanks to its architecture, reliably protects against users who are planning to buy up a critical number, since the price of an asset will rise too quickly, which makes an attempt to take control of an incredibly expensive, and therefore not rational, one.

📌 In order to balance supply and demand for stablecoins that Totem offers, the platform has a stability fee. You can use TOT tokens to pay for it.

📌 Also, our tokens can be used as collateral. It applies to both stablecoin protocols and Totem liquidity protocols.

🏆 Thus, the TOT token is an excellent investment tool that can be used both as a means of payment and as an asset that can generate passive income thanks to staking and collateral.

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

Hello. 👋🏻 In this post, we will describe the Totem Network distinctive features and advantages.

✔️ Heterogeneity - Each chain in the Totem Network can be optimized for a particular scene rather than mandatorily adapting one unified model.

✔️ Scalability - Totem allows for the parallel processing of multiple transactions by bridging multiple dedicated chains to a sliced network.

✔️ Upgradability - Upgrading is made without forks in Totem’s transparent on-chain governance system.

✔️ Transparent governance - All TOT holders can propose changes to protocols or vote on existing proposals, and can also elect board members in the Totem governance system.

✔️ Cross-chain composability - Totem's cross-chain composability and messaging mechanism allow for communication, exchange of value, and sharing functions in a sliced network.

🏆 The Unique Totem Multi-Chain Architecture consists of:

🔹 Standard Chain - guarantees security, consensus, and cross-chain
operability.
🔹 Business Chain - meets specific financial business demands of various kinds. Such chains can have their own tokens and optimize functions for specific application scenarios.
🔹 EthBridge - allows Totem to be sliced to connect and communicate
with external networks such as Ethereum and Bitcoin.

✔️ Exceptional consensus mechanism. Totem Chain’s consensus mechanism realizes decoupled consensus and also increases reliability and consensus consistency across the entire network by separating the process of generating blocks on the chain from confirming the end state.

✔️ Open Protocols. The decentralized and peer-to-peer open financial system is user-friendly, secure, and open, as opposed to traditional financial service providers. Even low-income communities that have traditionally been excluded from the financial system can participate in and benefit from it.

✅ Totem Chain also offers a variety of readily available modules for consensus, P2P network governance (voting system), staking, authentication, etc.

Learn more about Totem features and advantages here: http://totprotocol.com

Greetings. 👋🏻 In this post, we will tell you about Totem DAO.

✔️ The decentralized governance layer of Totem’s value Internet is subject to DAO governance.

💡 DAOs are organizations that operate in a decentralized and autonomous manner. The main goal of DAOs is to create decentralized self-sufficient communities like Totem, where users can solve tasks without the involvement of traditional centralized structures.

🔗 DAO governance has long been adopted in improving governance structures, decentralized decision-making, enhancing and strengthening transparency, and enabling members to vote and actively participate in decision-making.

🔗 Totem DAO is based on a smart contract system that does not have the usual management hierarchy or supervisory authority. Since DAOs do not have hierarchical structures, funding occurs in the performance of the assigned functions and is distributed evenly.

🔗 Technologies of blockchain transactions, secure timestamp and distributed ledger allow organizing a secure register of accounting of contracts, acts and records fixing the ownership (or voting right) to a part of the structure.

🔗 DAO governance has been evolving and it is based on a voting mechanism with sponsors in the autonomous community as the participants and voting as the process. The elected council of the autonomous community plays a decisive role in most of the proposals, and there is a referendum mechanism to counterbalance the powers of the council.

🔗 The core components of a DAO are inherently self-contained. This means that after launch, they begin to perform their functions. Third party factors cannot interrupt these functions. Totem DAO is "transparent" due to open source code and there is no need for third party control.

✅ In the Totem ecosystem, new products combining DAO and DeFi features are being created. As DAO enables DeFi products to be used as a payment / distribution method in an increasingly decentralized and digitized way.

Learn more about the Totem solutions here: http://totprotocol.com

Hello! 👋🏻 In this post, we will tell you about the Totem stablecoin protocol

📌 To ensure the stability of the financial infrastructure, Totem has its own stablecoin protocol called TOTS. It is in the form of Collateralized Debt Positions (CDP) as well as aDai stablecoins.

🚀 aDai is characterized by low cost and high performance. The token is used to process the data of all blockchains that are connected to Totem.

🔒 Each aDai is backed by some crypto asset. This idea is partly taken from MakerDAO. However, on the Totem network, the value of our stablecoin is pegged to the US dollar, which makes it easier for many to interact with it, especially those new to the crypto industry.

💵 In addition, the US dollar shows a high degree of stability and low inflation, therefore, it will provide incentives, maintain a balance of demand, and also have a good risk management mechanism.

💳 The collateral to secure aDai can be our platform's own crypto asset, TOT, or any other cryptocurrency assets.

🔗 The stablecoins supported by the Totem network can be transferred across all chains in the blockchain, which will increase their liquidity and data processing speed, which is not possible for a single chain.

💪🏻 While Eth requires external validators to monitor and close dangerous processes, Totem does all this automatically, which increases the security and stability of coins.

✅ Thus, thanks to our own stablecoin Totem, it is possible to increase the security of the network and the liquidity of our token.

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

Breaking news! The Totem platform has launched! 🔥

🚀 We are more than happy to announce that the revolutionary Totem platform has officially launched today.

🔹 Originated from a new technology exploration and discussion by developers in European and American digital currency communities, the Totem project is positioned as the first DeFi blockchain project for cross-chain and financial derivatives.

🔹 Through the DAO decentralized governance model provided by Totem, more institutions and individuals can enjoy much more diverse digital asset-based decentralized financial services.

Learn more about Totem: http://totprotocol.com

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

Greetings. 👋🏻
 
Centralized institutions have monopoly power in the markets for financial products and services and force you to comply with a number of requirements and regulations, as well as to pay for their services. These traditional financial systems suffer from a number of problems, which include over-centralization, opaque information, privacy risks, excessive financial control, and inequality in financial services.
 
✅ Totem is a decentralized financial infrastructure platform for cross-chain trading of DeFi products and financial derivatives. We aim to build a distributed financial infrastructure platform for digital assets and make blockchain technology and digital asset applications more widely accepted.
 
The idea is to allow anyone with Internet access to be able to lend, borrow and bank without intermediaries.
 
Totem’s DeFi system has three main benefits:

🔹 Programmability. The ability to use smart contracts allows you to program the fulfillment of all transaction conditions and generate new financial instruments and assets.
🔹 Safety. DeFi application data is capable of being stored on hundreds and thousands of different nodes, which prevents hackers from attacking or compromising the system in order to gain control over the data. In addition, no single node in the DeFi system is able to harm the entire network, which tells us that the distribution of data storage and their confirmation occurs evenly among all network nodes.
🔹 Compatibility. The ability to share Ethereum protocols allows the various DeFi to interact with each other, which creates the opportunity for DeFi to emerge as a complete financial system.
 
Unlike traditional financial ecosystems, DeFi is characterized by the complete absence of intermediaries. Any dispute is automatically resolved with a code to ensure that the original terms of the contract are respected and that it is completely impartial. This significantly reduces transaction costs that do not require third party involvement.
 
✅ Public, private and consortium blockchains get access to the Totem network at a low cost. The Totem network makes it possible to connect the various registers of the blockchain and transfer assets across the registers. It is revolutionizing blockchain technology and transforming the blockchain network into a scalable DeFi ecosystem.
 
✅ 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

Token Metrics and Mining Incentives for Totem

Dear Totem community, today we are more than happy to announce Token Metrics and Mining Incentives for Totem, which we hope will boost the growth of our global community and technology expanding.

The distribution ratio is 1% of the genesis allocation, 25% of ecosystem allocation, 5% of node rewards, 69% of pledged liquidity mining.

1% of the total amount of TOT tokens issued is the genesis allocation, a total of 190,000 tokens, which are evenly distributed to 19 nodes teams, each with 10,000 TOT tokens.

Early opening P1—P5.

30% of the pledge amount activates the mining machine, each mining machine has a 15-day production capacity, and the TOT tokens produced by the mining machine are freely traded.

Each pledge amount can add 1 mining machine per day, up to 15 units.

Each sell order is charged a 3% transaction fee, within the 3%, 2% will be burned, and 1% is used for the whole network holding reward.

The TOT token purchased by each account on the exchange can only be activated by the user. After 15 days, the pledged TOT token and the profitable TOT token can be traded, and the transaction needs to be forced to change hands.

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