Torii Finance — update, 07 May 2022
We have all been awaiting updates from the team, and although minimal updates have happened publicly, quite a few things have been happening behind the scene.
We thought we would share the overview with you in the meantime. These are CURRENT developments which are reaching fruition, as opposed to simple roadmapped items
The main focus points for us moving forward in the next 30–45 days are as follows:
1. NFT Enhancements
Many of you have been holding your Founding Member / TORII GATE NFTs for quite some time. We understand this has made people wonder “Why TORII GATE NFT?”
While of course many of you have bought and sold, our main focus is still UTILITY.
Over the course of May and June we will be releasing multiple NFT Enhancements one by one, to give your NFTs use, add financial utility to them and of course additional secondary market value
The first Enhancement is focused on NFTFi, and the increased value of your NFT, is called NFTFill. NFTFill for NFTFi.
NFT Fill.
NFTFill is essentially a new NFT method or standard built by the TORII engineering team within the TORII NFT ecosystem allowing our members to add TORII to their NFT, and the value of that NFT grows with the earnings of it both by virtue of it holding the TORII (and TORII’s value) as well as the ability to stake this NFT (with the Filled TORII) into staking contracts to yield additional ecosystem returns.
The value that the NFT yields, or holds, is stored and over time creates a growing ecosystem potential for that NFT. Within our ecosystem that NFT continues to accrue value, and becomes a more ‘NFTFi’ orientated asset.
Example: You can add 20 TORII to your NFT, and that NFT now has the initial value of 20 TORII x $x. Once it is places into any NFTFi instrument, the value will be accumulated inside that NFT and enable that NFT itself to have a higher secondary market value.
It can still be sold off of the TORII ecosystem, and that financial value will be visible, however it can only be unlocked within the TORII ecosystem itself.
2. NFTFi
Our NFTFi vault / staking contracts are nearly complete, and will be released within the next 2 weeks of May to align with the NFTFill technology in order to create a more robust and utility orientated DeFi solution utilizing our NFTs.
Those who asked “WEN NFT UTILITY”, our answer is May.
3. CCN
Always so many “WEN CCN”s. As we have discussed much of the delay has been outside of our control, and now that CCN has completed a new portion of their development the discussions continued as promised.
Our engineering team is working with their engineering team to create the proposed TORII staking opportunity on CCN, where TORII can be staked to earn CCN, and vice versa in order to bring the two communities together.
This is currently being worked on, and as far as we have been advised by the technology team at CCN this is possible to happen within May as well
This will ALSO make us a preferred dApp in their new ALE APP release which is pending release.
4. NEW PARTNERSHIPS
May and June are our partnership drive. As we have focused on the partners we currently have in order to allow their value to come to fruition, we decided now is the best time for us to begin bringing in new partners and take TORII into new communities through our NFTFi and Digital Asset tooling and architecture that we are building for our TORII token holders(and TORII NFTs).
Within our existing partnerships, we have a growing opportunity through the STEM network to take TORII to their partners and bring their partners into the TORII ecosystem through their NFT drops and opportunities that will benefit the holders of TORII.
So far we have discussed one in particular, Beat My Team (https://BeatMyTeam.com / https://nftational.beatmyteam.com) which is dropping in May and will provide TORII holders with a portion of the whitelist plus an opportunity for TORII holders to win a selection of their NFTs as well.
This is only one of the upcoming partnership opportunities for TORII holders, the next is much, much bigger — As far as we understand, to be announced once signed officially within the next week or two.
5. NEW VAULTS
As promised new vaults will be added to our iiVault system, we are planning to add about 10 new vaults between now and mid-June.
ALL of the profits will go straight into the TORII LOYAL VAULT which is currently earning some members half or more TORII per day.
We are excited to increase the yield by increasing the opportunities.
6. NEW TORII LOYAL VAULTS
In June we will have 4 TORII LOYAL VAULTs: No lock, 15 days, 30 days and 60 days.
Each vault will have a different yield from ecosystem earnings, and of course each with its own lock period to accompany the yield profile.
The new vaults will have a new method to allow for a one click redeposit to continue earning, or allow you to withdraw in the same fashion. We will also be working on auto-compounding vault functionalities that will be tested during that period.
