Feb 26, 2021
DuckDAO Introduces New Low-Cap Incubation Project, TotemFi
DuckDAO is proud to announce the next exclusive incubation project, TotemFi, that will transform the DeFi community and enable users to stake, predict, and grow their portfolios. The protocol will harmonize incentives for individuals and the collective, as both sets are rewarded for their ability to forecast the future price of a given cryptocurrency starting with Bitcoin.
The aim of the project is to eliminate the skill-based barriers to entry and provide a risk and complexity free alternative for users curious about cryptocurrencies. Users are not penalised for inaccurate predictions, resulting in a risk-free experience.
Regarding the incubation, a DuckDAO spokesperson said:
“We are always happy to support innovative and brave projects that are looking to break the status quo. TotemFi has the potential to become crypto’s primary playground and the first stop for anybody’s friend starting in crypto in the future. It has the potential to shape how people think about the cryptomarkets, and provide them with their first thrills.”
TotemFi’s protocol will provide high yields for participation by coupling guaranteed staking returns alongside favourable Bitcoin (BTC) and native token rewards. There will be a focus on incentivising both early adoption and rewarding long-term engagement with the project.
Regarding the choice to be incubated by DuckDAO, Harry Horsfall TotemFi CMO said:
“Our goal at TotemFi is to develop innovative blockchain prediction markets driven by community consensus and this is very much in line with DuckDAO’s ethos. The long line of successful incubations only adds to our motivation to bring our project to market with DuckDAO.”
About TotemFi
TotemFi is a Decentralised Finance prediction platform that offers Bitcoin and native token rewards. The Decentralised Application will utilise blockchain technology to solve issues with traditional markets. Their vision is to create an accessible, minimal-risk platform that tokenises the ability to predict future asset prices and events.
Find Out More About DuckDAO🐥
DuckDAO is a community-backed digital asset incubator that provides promising early-stage crypto startups with the expertise, financial resources, and marketing power needed to fast track their progress on the path to success.
