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TotemFi — AMA Summary

On Monday the 26th of April, the DuckDAO community had an AMA with TotemFi founders Jolyon and Harry Horsfall to learn more about their upcoming Mooncaster initiative.

Helpful Links:

Participants:

TotemFi — Harry — CMO

TotemFi — Jolyon — CEO

DuckDAO — Pep — DuckDAO community representative

Pep

Welcome everyone to another DuckDAO AMA.

Harry

Thanks Pep

Pep

Hey guys!

Harry

Great to be back, it’s only been a few months, but I can tell you it feels like a lifetime!

Pep

Right? So much has happened…now you guys are crypto vets!

Jolyon

Thanks Pep — hope you’ve been keeping well

Pep

You can now say “remember when we first started out?” lol

Harry

Haha not sure about VET’s but we have def aged :)

Pep

Oh you and me both!

Harry

Exciting times though

Pep

So our community is well aware of who you are and what TotemFi is… so lets talk about some more exciting stuff

Harry

Ofc, we’re extremely excited to be bringing an innovative idea to the space where we will be partnering with projects in their run up to launch. For the partnership we will secure a private sale allocation of the project which we will distribute to our community! We’ve seen the difficulty with these allocations being incredibly oversubscribed so wanted to bring an exciting and engaging way to give this.

Pep

Lol

Harry

This will eventually of course translate into a staking dApp as soon as possible!

Pep

oh that will be fun

Harry

We are also on the hunt to add a new lead developer to the team. So if anyone here is keen to join, DM me.

Pep

Ok i’m sure there’s always someone talented listening in this crowd

Harry

Yea, the initial response from the likes of BoxMining and other people in the space has been really encouraging

Pep

oh that’s great exposure

Harry

yea 🙂

🚨 TotemFi’s debut Mooncaster event is now open! 🚨

🤝 Our first pre-IDO prediction event partner is groundbreaking NFT project Legends of Crypto

The participation process is broken down into the following steps:

1️⃣ Join the Totem Warriors — Oracles’ Den group: bit.ly/39XK4cm
2️⃣ Complete Collab.land verification, to show you’re hodling 500 TOTM
3️⃣ Fill in the form which is pinned in the Oracles group, and enter your price prediction for April 28!

Pep

Ok so this is open now?

Jolyon

Yeah!

Pep

Cool!

Harry

#LFG

Jolyon

Your last chance to grab some LoC before it hits the markets

Pep

lol heck yeah!

Jolyon

We’re very keen to ensure that as many of our community can benefit from the top tier allocations we secure. There is a delicate balance between increasing the number of successful candidates against the allocation sizes.

Pep

Interesting!

Jolyon

Of course, taking on feedback from the community themselves on what is the most appropriate

Harry

For the Totem warriors by the warriors

Pep

Yeah… that’s one of the cool things about crypto projects that they’re very inclusive! 💪

Harry

That’s a great question — thanks Pep!

Pep

That sounds fantastic. It will really add more value and awareness to TotemFi

Harry

In terms of if anyone can join, you need to make sure you have 500 TOTM and join the Totem warrior — Oracle channel which is a telegram group a bit like the Duck ecosystem. If you hold 500 TOTM, you’re allowed in otherwise you’re kicked. This is just the MVP format, and we will be building this out on our Dapp soon.

Pep

This is great as IMO it does help projects retain value on their coins while they’re still building out their ecosystem and making it stronger

Jolyon

Haha, the magic acronym!

Pep

Totally hot!

Jolyon

We’ve been talking to a number of NFT projects and working hard to secure a partnership for the release with our dApp.

Pep

sounds exciting!

Harry

Yea we ran a recent prediction and someone in the community called the BTC price pretty much bang on!

Pep

Nice! I need to start participating in those — sounds like fun.

Harry

This is a great question and something we’re planning to discuss further as the Mooncaster series grows. At the moment we’re partnering with projects we’re familiar with and have relationships with the teams, but further down the line, we might look to incorporate an application form for slightly less well-known projects to apply for a Mooncaster partnership.

Pep

Thanks for that detailed response.

Jolyon

At the moment we’re looking to provide an alternative, engaging and egalitarian way for our community to get involved in the best projects coming to the market.

Pep

Yeah, we’ll definitely stay tuned!

Harry

Yea that’s a great point.

Pep

This is great for the initial investors to know

Harry

Yea exactly

Pep

Perfect! You just won my respect. I had an issue with some other projects who totally and completely derailed from their initial vision.

Harry

It’s crypto and it moves fast, who knew the ducks would be running a bridge from ETH to BSC even a few weeks ago.

Pep

This is just an added layer, but the initial vision is still intact.

Harry

It’s very helpful, and a huge shout to the team for letting us use it

Pep

I’m honestly not too familiar with it but I too have been hearing great things — It is on my list to research more.

Harry

Cult of Sam

Jolyon

The list continues to grow Pep 😂

Pep

Yeah… not sure if that’s a good thing? 🤷🏻‍♀️

Harry

Haha we digress, I love TOTM but am a massive crypto fan!

Pep

Lol all good..you guys are like old friends

Jolyon

That’s a great question!

Pep

Well if you’re excited then I’m excited! And who doesn’t love announcements in crypto?

Harry

🤟

Pep

This was all really good stuff guys… let's see if there are any questions remaining from the community

Harry

Yea for sure

Jolyon

Haha ofc !

Duck (user @Idee01)

I read that members of Totemfi Oracles will predict what ATH price the project will achieve in their first 24hrs after launch. Which oracle services will Totemfi use to get accurate price data?

Harry

The initial plan is to use Devtools for the first one. There is no silver bullet, but as it’s the same for everyone this seemed like the best option. In the future, we will partner with Band/Chainlink to get an oracle to be a single point of truth.

Duck (user @xperia3)

People like to invest in the projects which they believe in and more importantly where they feel like in a family. Community connections have a key role nowadays for a successful project. My question is, what are your plans to create a core community?

Jolyon

Hey Xperia — thanks for joining the AMA and your question. The community has always been at the core of what we’re building, we’re keen to have people involved as much as possible as can be seen from our initial community competition. We’ve got another version in the making that will provide some roles and guidance on how the community can get involved!

Duck (user @iByrm)

Can you explain what a Pop-Up Pool is? How does it work, and what benefits does this LaunchPool partnership bring?

Harry

The launch pool guys are really great!! And we have known them for a while through our community. They had supported TOTM, and the concept is that people stake through the amount staked will get allo. Def check out the platform!!

Duck (user @radmaxco)

When will the world stop being afraid to use DeFi? What is TotemFi doing for the mass adoption of its technology?

Jolyon

Good question Max — one to take up with the no-coiners! TotemFi believes there’s an easy bridge in prediction markets to the traditional world given the fantastic solutions blockchain offers to traditional market problems. Long term hopefully we can deliver a dApp that can bring such individuals into engaging in the DeFi space

Duck (user @ngarokkauni)

I am a crypto investor and I only care about the prospect of crypto that I chose. Tell me the reason why I should choose the totem token over another existing one? What is your token advantage that can convince me to change from my favorite token?

Harry

Hey Cantika, that’s really great to hear!! Sometimes people are very short-term and just want to flip a coin. We are building for the long term! Once our platform is live you will be able to stake your TOTM and win lots of prizes, we hope to give away over 1 million dollars of BTC to the totem warriors. One of the reasons for joining the community is we are having a lot of staking and predicting events, really adding some gamification to staking.

Duck (user @Andiadtya10)

Why did you choose the BSC platform to create $TOTM?

Harry

The plan has always been to be multichain. We had a great opportunity to move onto BSC and it made sense for the project. Our community has enjoyed trading on pancake swap as it has reduced the number of fees that are needed to be paid on a specific trade. Hope this helps :)

Pep

Awesome… you guys were always great in answering the community questions. Things haven’t changed!

Harry

Thanks for all the questions!!! As always, ping me anytime if you have questions!

Pep

I can’t answer for all but I found great clarity with where you are and where you’re going.

Harry

https://t.me/totemfi

Pep

Perfect! Thanks for that

Jolyon

Thanks, Pep!

Harry

Have a great evening all!

Pep

Well, this was a great time again guys. I’m glad you came back to help the community where you first started out

Jolyon

Was good fun — can’t wait for the trilogy!

Pep

Super happy you haven’t forgotten us 🤗

Jolyon

Peace out!

Harry

#duckArmy

Pep

#duckArmy! 💪🐣

Find Out More About DuckDAO🐥

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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.

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