Forests, Oceans and Skies; TotemFi’s Roadmap Review (part 1)
It was just over a year ago to this day that the vision to launch the worlds’ first non-punitive, staking-based predictions market platform which offers the crypto community real-value creation was incepted. It’s been a hell of a journey since then — we’ve gone through token launch, product launches, protocol integrations, and the whole ensuing spectrum of emotion.
With so much going on, it’s important to take stock of where we’ve come from, to better understand where we’re going and how we’re planning to get there. With this in mind, we’re very proud to present the first installment of TotemFi’s Roadmap Review!
In this article, we’ll be taking a look back at our Forest phase roadmap, and discussing some of the most important developments which took place throughout Q3 2021. In our next stallments, we’ll be taking a deep dive into Ocean phase, discussing all the things we’ve got planned for Q4, and flying through Sky phase which lays out our plans for Q1 2021!
When we revealed our roadmap for the Totem project earlier this year, we had the following milestones planned out for our Forest phase:
We’re incredibly proud to announce that, as per our initial plans, the TotemFi dApp was launched on schedule in Q3! Our #Road2Mainnet campaign saw us bring to market our hotly anticipated decentralised prediction markets platform, and our phenomenal community of Totem Warriors have been Staking, Predicting, and Winning ever since!
To facilitate fast transaction speeds and low gas fees on the TotemFi platform, we also accomplished another goal of the Forest phase; layer 1 blockchain expansion. We brought our TOTM token onto the BSC Mainnet, and our dApp along with it! This greatly expands the interoperability and functionality of the project as a whole — nice!
In other key highlights from the quarter, we successfully integrated Chainlink Price Feeds on the BSC Mainnet. By integrating Chainlink’s industry-leading decentralized oracle network, TotemFi has access to high-quality, tamper-proof price feeds needed to assess which of our users have made the most accurate predictions in the future price of BTC. This will provide our users with strong assurances that, if they predict accurately, their ability to forecast the future will be properly acknowledged and rewarded!
Another key step along the Forest path was the launch of our Collaborative Rewards feature — an extremely exciting aspect of the platform, whereby if the weighted average of the prediction pools is within a $100 range (± $50) of the actual value of bitcoin on pool maturity, each winner’s reward will be increased by 20%. Our Genesis Collaborative Rewards pool launched on 20 September, and we’ve been launching more since then!
Throughout Forest phase, we also announced a number of key partnership curations and protocol integrations. Ranging from our friends at whitelisting and identity protocol Hypersign, to groundbreaking Layer 2 solution MetisDAO, to our DAO alliance with finance.vote, Forest phase was densely packed with blossoming friendships, the roots of which run incredibly deep and will no doubt last long into the future — we look forward to working closely with our friends both new and old to reshape and redefine the future of finance!
At this point, it’s necessary to highlight a few aspects of our Forest phase roadmap for which we sowed the seeds, and are still working hard to achieve, but which we’ve had to push forward into our upcoming Ocean phase. Chief amongst these is our Enhanced Rewards functionality, which will reward our users based on how early they enter our staking pools.
At TotemFi we always strive for excellence, and we are firmly of the position that if something’s worth doing it’s worth taking the care to do it to the highest degree of care and planning. As such, and also as a result of the fast-paced, unpredictable nature of the DeFi space which we all love and thrive within, we decided to move the launch of our Enhanced Rewards into Ocean phase — we’ll be announcing more details of this in the next installment of our Roadmap Review, so do stay tuned!
This is the same story for our Price Predictor Reskin, albeit with a twist; our highly talented designers have completely the visual elements of the UI, and it’s been ready for implementation for some time, however we’ve decided to hold back on this because of a HUGE new initiative we’ve got in the pipeline. We wish we could reveal more information about this now, but trust us when we say that what we’ve got planned is worth the wait. All will be revealed in due course — #TryptichIncoming…!
That’s it for the first installment of our Roadmap Review — we hope you found our look back on Forest phase as useful as we did! We can’t wait to present Part 2, where we’ll be diving into Ocean phase, and all the exciting things we have upcoming in the rest of Q4!
To the moon,