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

[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

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[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/