This week TotemFi, the staking-based prediction market platform, revealed their roadmap to the Mainnet launch of their collaborative, non-punitive predictions platform.
Commenting on the launch, CEO Jolyon Layard Horsfall stated: “looking back on our TGE less than three months ago, and at all the work which it took to get us to this point, we’re excited to share with our community what we’ve been building. Whilst we see some consolidation in the market, with BTC ranging it will be a great time to stake, predict and grow your TOTM and bitcoin stacks.”
The recent market conditions provide a great opportunity to predict where the price of BTC is going to close on maturity of the TotemFi staking pools; set a range, make your prediction, and users might find themselves benefitting from individual and collaborative rewards. Not to mention the high APYs on offer from their staking pools (more info around this will be released soon, according to the teams’ announcement earlier in the week).
Where it Started
TotemFi’s roadmap to launch can be considered as having started around two weeks ago, when they announced the start of their platform’s Beta Testing program. Commenting on this, Co Founder and CMO Harry Horsfall stated:
“as soon as our first community members stepped into the staging platform, we knew the starter pistol had been fired on our road to launch, and we had set in motion events which would inevitably lead to the launch of a platform which will provide a fairer, more equitable, and more collaborative route to prediction market access.”
According to TotemFi’s initial roadmap released several months ago, their platform is set to launch right in the middle of Q3 — in August, to be specific — following a period of robust and stringent testing and reengineering, to ensure that when it’s live their users have the most seamless experience possible when interacting with it and making their predictions.
Where it’s Going
Ahead of the launch, however, TotemFi have announced a number of incredibly exciting and rewarding steps along the road which must be passed first. They’ll shortly be announcing an NFT partnership, for example, which will give their community of early adopters the chance to win limited edition, highly collectible TotemFi NFTs of varying scarcity.
In addition, they’ve also stated they’ll be looking to make several major announcements, such as their Oracle data source integration, and the blockchain network they’ll be using to mitigate gas fees and make their platform even more accessible and operable for users. They’ll also be releasing educational materials and information, to ensure users are making the most well informed decisions possible when using their platform and products.
For more information around TotemFi’s road to Mainnet, visit their Medium: https://totemfi.medium.com/
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.