[ANN] Totem - platform for trading of DeFi and derivatives

[Totem Official]

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[1715043219]

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[1715043219]

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[1715043219]

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[Totem Official]

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

[Totem Official]

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

[Totem Official]

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

[Totem Official]

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

[Totem Official]

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

[Totem Official]

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

[Totem Official]

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

[Totem Official]

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

[Totem Official]

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

[Totem Official]

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/

[Totem Official]

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

[Totem Official]

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

[Totem Official]

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.

[Totem Official]

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/

[Totem Official]

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

[Totem Official]

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/

[Totem Official]

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

[Totem Official]

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/

[Totem Official]

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

[Totem Official]

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

[Totem Official]

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

[Totem Official]

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 Official]

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/

[Totem Official]

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

[Totem Official]

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

[Totem Official]

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

[Totem Official]

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

[Totem Official]

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/

[Totem Official]

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/

[Totem Official]

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/

[Totem Official]

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

[Totem Official]

Hello! 👋🏻 Today we’ll tell you how exactly the Totem platform benefits businesses.

Totem Chain offers many business automation tools. Such as DPayment, DEX, DeFi, and other dApps options. As well as in-house developments such as TOTID, the decentralized identity tool, and the TOTS stablecoin protocol along with the TOTL liquidity protocol.

❓ How does the Totem platform benefit businesses?

◾️ Additional profit under the TOTS stablecoin agreement
Holders of aDai tokens can exchange them for other crypto assets and then increase the use of their assets by providing additional collateral for their aDai to other businesses using the TOT stablecoin protocol.

◾️ Profiting from the TOTL liquidity protocol
With Totem, you have a module for calculating interest rates and users provide you with liquidity. Users can easily calculate their profits and the platform charges a percentage of transaction fees according to the usual Proof-of-Stake rules.

◾️ Arbitrage from spreads of the decentralized exchange DEX
The Totem-based decentralized exchange will support fast and instant trading in multiple currencies and use an automatic market maker with a permanent feature (X * Y = Z). When the volume of exchange of one of them is the exchange rate, the price of that currency will rise sharply in relation to aDai.

◾️ Arbitrage from placing liquidity spreads
Users can exchange cryptoassets directly from staking assets using the TOTL liquidity protocol based on the ratio of cryptoassets to staking assets (e.g. A: B). Swap supports trading pairs between crypto assets and TOTL liquidity assets, there is an exchange ratio (e.g. A: C). If B and C are not equal, then there is room for arbitration.

◾️ Profit from cross-chain asset trading
Totem will also have a platform for asset trading and margin trading. This is one of the use cases for aDai. Users will be able to transfer their aDai from the Totem network to the trading platform and exchange them for other assets, as well as earn on margin trading.

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

[Totem Official]

Hello! 👋🏻 In this post, we will tell you about the ERC-20 standard and its benefits for Totem.

ERC-20 is an extremely popular token standard. It is an Ethereum-based asset and all transactions involving these tokens can be viewed in the Ethereum explorer.

One of the advantages of ERC-20 is the convenience of creating tokenized assets based on it. It obeys a strict set of rules, so the development of a token takes very little time.

Many popular tokens have been created on the ERC-20 platform, including large project tokens that are very popular in the blockchain. For example, the DAO token is a typical ERC-20, just like USDT.

ERC-20 benefits for Totem

✅ The Totem platform token is built on this very standard. This opens up many possibilities for the platform and also allows for many DeFi and DAO features such as a voting system.

✅ Thus, Totem uses the common ERC-20 standard on the Ethereum blockchain to issue their own TOT asset. This significantly speeds up the development process, and also allows many popular solutions to be applied on our platform.

📢 Find out more on our website: https://totprotocol.com/

[Totem Official]

Hello! 👋🏻 In this post, we will tell you how token deployment works in Totem

The TOTL liquidity protocol will deploy a staking strategy for locked tokens.

🔸 Staking strategy and parameters will be managed by the Totem community, and STOT token holders will be able to submit their proposals for changes.

📌 The betting strategy will include the following advantages:

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

🔹 Revenue strategies that can be customized to maximize profit

🔹 Reinvestment strategies with which Totem will rebalance for rewards

✅ Thus, by deploying a staking strategy for locked tokens, it is possible to implement all the functions of autonomous management of the platform, as well as maximize the profit of all who hold TOT.

📢 Find out more on our website: https://totprotocol.com/

[Totem Official]

Announcement on the establishment of the Totem Foundation

Dear community, with BTC 20,000 + a crazy night, we are happy to announce that the Totem Foundation has obtained a registration license issued by the Accounting and Corporate Regulatory Authority of Singapore (ACRA), and has officially started operating since December 10, 2020. The full name of the organization: TOTEM CONNECT FOUNDATION LTD.

⠀
The foundation will focus on supporting and building an ecosystem based on the Totem chain, including but not limited to expanding the existing Totem mining ecosystem and developing new ecological applications of DeFi.


Website: http://totprotocol.com

Twitter - https://twitter.com/Totem__Official

Bitcointalk - https://bitcointalk.org/index.php?topic=5280601

Medium - https://totprotocol.medium.com

[Totem Official]

Hello! 👋🏻 In this post, we will tell you about the importance of liquidity in the crypto market.

Due to the fact that cryptocurrencies are a decentralized system that is gradually moving to decentralized exchanges, which are becoming more popular, they need liquidity pools.

That is because the decentralized exchanges do not have their own market makers, unlike centralized ones, which can execute any purchase and sale order.

Therefore, to increase liquidity, platforms use pools. Liquidity is the property of a product to be sold at a price close to the market price in the shortest possible time.

Liquidity pools help young platforms to increase the number of orders with a token, and those users who hold tokens in liquidity pools are given a certain percentage by the platforms.

✅ Using the liquidity pool on the Totem platform, you help the project execute more orders on the exchange, and you yourself receive a percentage of transactions for storing tokens in the TOTL liquidity protocol.

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

[Hobo66]

HI. very interested project you have. and it's good to see regular updates coming from officials. I would like to join your bounty program if you have any. would love to earn some Totem tokens to increase my Defi portfolio.

Better work on development and after we will have workable platform Totem will rise

if you check their updates you'll know that they are developing the product .

[Totem Official]

Hello! 👋🏻 Today we’ll tell you about digital currency as the future of the economy.

Economists have long looked for many ways to simplify financial transactions. Many options were offered, however, economists did not cope with their task.

This task was perfectly handled by people from technical specialties who, with the help of digital currencies, easily turned the world of finance upside down.

Today digital money is capable of the following::

🔹Make fast cross-border payments
🔹 Extract high passive income
🔹 Easy and quick to give and receive loans

And doing what banks are doing is much more efficient since decentralized blockchains have already established themselves as an effective tool.

Totem, as a platform focused on digital currencies, has many in-house developments such as TOTID.

✅ Digital currencies will sooner or later replace the usual money since they are a more convenient and effective tool.

📢 Find out more on our website: https://totprotocol.com/

[Totem Official]

Hello! 👋🏻 In this post, we’ll tell you everything you need to know about DAO.

DAO stands for Decentralized Autonomous Organization. This is understood as project management by voting on the part of large token holders.

Using the DAO, investors can vote for the following:

◾️ Making changes to the platform from a technical point of view
◾️ Decrease or increase in commissions
◾️ Revision of the investment strategy

These are the basic functions that are often used with DAO functions. However, they are not limited to just these three points. Developers can themselves determine the list of what can be put to a vote.

DAO governance in Totem

🔹 The Totem cryptocurrency platform has DAO capabilities. Thanks to this, large token holders can propose their ideas and, if they are accepted, they will be further submitted to a general vote. If the proposal gets the majority of votes, it will definitely be implemented.

🔹 Thus, due to the fact that DAO Governance functions are implemented in Totem, the community has a direct impact on the development of the platform.


📢 Find out more on our website: https://totprotocol.com/

[Totem Official]

Hello everyone! 👋🏻 In this post, we will tell you why it is worth investing in cryptocurrencies in 2021.

The cryptocurrency market is the best investment option today. This trend will continue in the future.

❓ Why invest in cryptocurrencies?

📉 The economy of even developed countries after the crisis caused by COVID-19 will recover for at least several years. The usual fiat investments no longer give the same profit that they gave earlier and, at best, will cover inflation.

📈 The cryptocurrency market, in turn, has shown excellent growth rates. So, the main coins showed an increase of 3-4 times and some younger projects up to 1000% growth per year.

💪🏻 In addition, investments in cryptocurrencies can also bring passive income. For example, using liquidity pools or staking, which works as an analog of a bank deposit, but gives much higher interest.

✅ By investing in cryptocurrencies today, you are investing in a dynamic market with excellent growth rates. One of the projects you should invest in is Totem. It offers many passive income opportunities as well as a range of useful technologies such as TOTID.

📢 Buy Totem tokens: https://totprotocol.com/

[Totem Official]

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

To ensure financial sustainability, Totem will implement a stablecoin protocol called aDai and the TOTS protocol. This is a token that will be applied across all Totem blockchains.

Each aDai will be backed by cryptocurrency assets. This mechanism is somewhat similar to MakerDAO.

In the Totem network, the value of the coin will be pegged to the US dollar 1:1, and any tokens, whether Totem or other cryptocurrency assets, can become collateral.

In addition, aDai has a price stabilization mechanism. It includes the following mechanisms:

🔹 Configuring CDP risk parameters.
🔹 Adjust the liquidation auction parameters.
🔹 Add a new type of CDP collateral asset.
🔹 Removal or modification of existing collateral assets.
🔹 Setting up the oracle machine.

✅ Using the aDai stablecoin protocol on the Totem network, the ecosystem can easily provide financial sustainability and the token can be applied universally with a 1:1 to USD price ratio.

📢 Find out more on our website: https://totprotocol.com/

[Totem Official]

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

❓ First of all, what is Totem?

📌 Totem is an ecosystem that combines DAO and DeFi advantages. DeFi-based products are used to pay for goods and services within the ecosystem, while DAO is introduced to manage the community.

❓ What will you get using Totem?

🔹 Passive profit. With the help of a pool of liquidity and staking, users can derive high passive income.

🔹 Lending. Using decentralized lending, you can both give a loan secured, and take it there. It works much more conveniently than a bank

🔹 DEX. In the future, a convenient exchange will be added to the platform, which will be completely decentralized and work on smart contracts.

🔹 TOTID. With TOTID you can easily and quickly pass authorization on any platform.

✅ Totem is a platform that aims to provide its users with innovations, convenient financial tools, and technological features such as TOTID for easy authorization.

📢 Find out more on our website: https://totprotocol.com/

[Totem Official]

Hello everyone! 👋🏻 In this post, we will tell you how to get profit with Totem.

💰 The Totem platform provides its investors with a range of profit opportunities. Among them we would like to highlight the following:

🔹 Staking

By staking, users can earn excellent passive income. So, the interest in staking is now higher than the interest on deposits in the bank. Especially after the crisis caused by the pandemic, when the economy takes time to accelerate.

🔹 Pools of liquidity

Using liquidity pools, you can maintain the liquidity of the token, as well as receive a percentage of transactions for this. Liquidity pools are important for the reason that the tokens that are in the stack lose their liquidity.

🔹 Holding

You can simply buy a token and leave it in your investment portfolio. This will give you excellent income due to the growth in the price of the token in the future.

✅ With the Totem platform, you can make great profits with staking, liquidity pools, or long-term investments that will give you excellent returns.

📢 Buy tokens: https://totprotocol.com/

[Totem Official]

Hello, everyone! 👋🏻 In this post, we will tell you about the prospects for cross-chain trading

❓ What is cross-chain and what are its perspectives?

🔗 Cross-chain refers to the ability to conduct transactions between different blockchain platforms.

🔗 Decentralization brings many benefits to the financial market, but the number of blockchains is only growing, which is not always a good thing since they cannot interact with each other.

🔗 To solve this problem, the cross-chain will come to your aid. To put it simply, it is a blockchain over a blockchain.

❓ What does Totem have to offer?

🔹 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

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

[Totem Official]

Hello everyone! 👋🏻 In this post, we will tell you about the attractiveness of the DeFi market in 2021.

🔥 Over the past year, the decentralized finance market has grown to an incredible size due to its attractiveness. DeFi allows you to lend and borrow without intermediaries, and also brings passive profit to its investors.

💳 For many people, DeFi platforms have become a great opportunity to get away from the usual banks, since decentralization gives the most important thing: convenience. No more paperwork and lawyers. Everything works on smart contracts with maximum reliability.

📈 One of the main news of the first week of 2021 was that the capitalization of the cryptocurrency market has reached $ 900 billion and is already close to a trillion.

🔹 If earlier the main capitalization was in Bitcoin, today the decentralized finance market has gained more popularity than the first coin.

🔹 By investing in the Totem DeFi platform, you gain passive income through pools and liquidity mining, as well as staking. In addition, as a token holder, you can propose changes and vote for their introduction.

📢 Learn more about our project and its capabilities on the website: https://totprotocol.com/