TORII Ecosystem Update- Monday 20 December
This update is designed to give you some brief insights into the continuous development and current status of the Torii Finance Ecosystem.
This is update 1 of 2, ending 2021.
UPDATE 1: Where we are now and whats next?
The are 4 important components that must be addressed in this “Where we are now and whats next?” Update, which many of the community are asking us about regularly:
- NFTs
- iiVault
- CCN
- TORII — A Value Driving Ecosystem
NFTS — The TORII Non-Fungible Token (NFT) Ecosystem
In our NFT ecosystem there are 3 segments that make up our overall focus entering into 2022;
a) TORII FINANCE NFTs
Founding Member NFTS — Our Founding Member NFTs have a total supply of 6250 TORII GATES; and have been allocated to the TORII Finance Presale contributors who helped us to jumpstart the development of our TORII Ecosystem. 🙏
To date, over the past 2 weeks, over 5000 Founding Member NFTs have been successfully claimed. These NFTs are the first phase of a multiple phase process to enable our entire community with NFT utility, opportunities and instruments for earning, and engagement within the TORII Ecosystem.
Diamond Gate NFTs — Within the next few days we will be running our Diamond Gate lottery, where every claimed Founding Member NFT acts as a ticket to a lottery where all current holders stand a chance to win one of 25 super scarce Diamond Gate NFTs.
TORII GATES — general— While the initial NFTs were also TORII GATE NFTS, the Founding Member NFT set was limited and will maintain a longer-term value structure as we develop our ecosystem. The general TORII GATES NFTs which will launch in Q1 2022, will act more as relics or lesser scarce assets used as one or multiple-use access tokens only, and unless-otherwise-enhanced (to be discussed) they will be burned on use.
b) NFTfi / NFT Utility
As 2021 comes to an end, the pressing discussion in the NFT industry has shifted quickly from “Art” or “Sensory” to Utility and Opportunity (DeFi).
As part of the development of our Digital Asset Management system (DAM), we have begun implementing NFT / NFTfi (NFT Finance) instruments , including NFT staking/yield farming, NFT vaults, and NFT-focused GAMEfi opportunities which will empower you to effectively use your TORII NFTs as a utility or access key to experience and earn more from our network.
Some utilities of our NFTS may include:
- NFT Staking
- NFT Farming
- NFT Earning Vaults
- NFT Play-to-earn / GAMEfi
The first NFTfi staking/yield farming is scheduled to go public, ETA, within January 2022.
c) Secondary Market Trading and Sales
As you know we are planning to open secondary market trading of TORII GATE NFTS after we have successfully rolled out the utility of our NFTs.
We are planning to begin trading within January 2022.
NFT ENHANCEMENTS — Part of our game-plan to continue growing value of your NFTs will be for us too supercharge them with enhancements that will take place at certain periods of time, and based on the activity of each NFT within the TORII NFT environments and utilities.
iiVault
The long-awaited iiVault, Machine-gun pools, Savings Accounts… etc
As you know we have been working hard over the last couple of months to complete our crypto vault solution, iiVault.
It was expected to be launched in Q4 2021, and we have worked hard to achieve that result while also completing phase 1 of our NFT ecosystem using STEM.
Crypto vaults use many interest bearing strategies, some entirely custom, so testing them all poses many different considerations, however we are very close to completing a number of significant tests that will help us to determine the initial phases to be released in BETA after completing our ALPHA testing phase.
WEN iiVault
We envision the first BETA vault to be launched within the first week of January 2022. 🙏
CCN — Compute Coin Network
As you all know, we continued to mention our engagements with CCN (Compute Coin Network) in our plans to empower TORII holders and facilitate the growth of value that all TORII holders have moving forward — with all of our partners.
The MoU (Memorandum of Understanding) has been signed, and we will enter 2022 with some strong plans with CCN to ensure that the above is activated.
See the Expectations and Benefits details below (from the signed MoU):
These plans are busy being negotiated and planned together with CCN, leading up to their mainnet launch in 2022.
We are expecting to be able to release some more new and details about TORII in the CCN Ale Wallet early January 2022.
TORII — A Value Driving Ecosystem
The TORII Ecosystem is more than just a set of functions and features. It is an ecosystem that is designed to drive value specifically toward TORII token holders.
In Q1 2022, TORII HOLDERS will begin to see their holdership transform into a Governance vehicle for network decision making, and will begin to receive ecosystem rewards driven by activity within the TORII.fi platform.
Existing TORII holders will have the opportunity to accumulate more TORII by engaging with and participating in different locked DeFi/NFTFi and supply-lock instruments within the platform.
Together, growing the ecosystem of value, and driving TORII through 2022 with progressive innovation.
