TotemFi — a platform for predicting decentralized finances (DEFI), which offers remuneration for bitcoins and its own tokens. Decentralized application (DAPP) will use blockchain technology to solve problems with traditional markets.
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About the TotemFi project
Vision of the TotemFi - to create an accessible platform with a minimum risk that symbolizes the ability to predict future prices for assets and events. The protocol harmonizes incentives for individuals and the team, since both sets get rewards for their ability to predict the future price of this cryptocurrency (originally bitcoin). Users are not punishable for inaccurate forecasts.
This protocol provides high yield due to the combination of guaranteed returns from bets with favorable remuneration in Bitcoins (BTC) and its own tokens. The focus will be on both stimulating early adoption and remuneration for long-term participation in the project.
Totemfi solutions:
| COUNTERPARTY RISK | Totemfi will work in the DEFI ecosystem on the ERC-20 token with proven accommodation contracts, which will lead to an unreliable system. This allows the user to interact with the Protocol with confidence in the correct implementation of the smart contract. The ownership of the share always remains for the participants. |
| BIAS AND ECHOED INFLUENCE | The decentralized nature of the Totemfi protocol contributes to the international diversity of participation, which leads to a more heterogeneous media. |
| INCENTIVIZATION | Research both individuals and a team for accurate forecasts, it stimulates logical forecasts, since all parties seek to obtain an additional joint reward. |
| FINANCIAL RISK | The Totemfi predictor protocol will provide a guaranteed return rate in combination with an additional BTC and Totem account for accurate forecasts. |
Considering that the volume and popularity of Totem is unpredictable, the forecasts suggest that the reserve for the rates runs out in about 2-3 years, which gives the Totem community enough time for the growth and joint decision on such mechanics.
Social networks and other
You can get more information about the project via the WhitePaper document. Also, there is a RoadMap with future updates.
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