Torii Update — Monday 23 May 2022
Brief update for Monday 23rd of May 2022
NFTFi
NFTFill
Our initial explanation of NFTFill may have been somewhat convoluted/complicated, so here is a brief summary:
* NFTFill allows you to add crypto to it — such as TORII
* This NFT can now be used to stake, or yield via any NFTFill enabled contracts in the TORII network
* By adding crypto to it, the value of the NFT itself increases and has a more intrinsic / true value based on asset holdings.
* The more crypto/TORII you add to it, the more it will earn and hold, and therefore the higher its “TRUE value” will be.
* This value is then added to the metadata of your NFT, and updated when necessary or more is earned, in order to enable secondary market sales based on the addition of this “TRUE value” (you can however set your own sale value based on historical earnings in order to maximize the return on the sale of your NFT to smart investors who see long-term growth of revenue)
* These NFTFilled NFTs can be moved off the TORII marketplace, and the value holdings will still show in the metadata, however if sold outside of the TORII network/ecosystem the new owner must collect the holdings by accessing the TORII ecosystem as a proxy.
* This will bring more viewers to TORII’s platform, and more TORII holders into the TORII ecosystem.
- Our NFTFill feature is complete. ✅
- And the UI has been added for the team to test before a public demonstration can be done. We envision this to take a couple of days and launch by month-end.
- We will have a walk-through design to show its simplicity before then.
NFTFill Enhancement
The enhancement and upgrade will cost between 0.2 BNB and 0.5 BNB (depending on the price of BNB at the time);
- 60% of this will go into your NFT as your ‘holdings’ to show you how the NFTFill holdings and features work, and add immediate TRUE value to your NFT
- 30% of this cost will go directly to the TORII network for further development
- 10% will go directly into the TORII LOYAL VAULT, for those who have TORII staked
NFT Marketplace Floor prices
As discussed floor price metrics are being added within may, in order to give you a representation of the current floor price.
The floor price is variable, and will adjust as new sales and new value metrics are added through enhancements and sales of NFTFill-enhanced NFTs.
Addition of the TORII logo in Trustwallet
Torii’s holders are now above 10,000 and so we are at a point where we are able to add our logo in certain places such as
- Trustwallet
- Tokenpocket
- Metamask
- Poocoin
- Pancakeswap
- and more
Time to ramp up our efforts to establish trust, and regain some of our price velocity.
Although this has taken a bit of time, it has been mainly due to the many thousands of holders within the staking contracts; which of course reduces the number of holders on BSCSCAN
CCN Integration
We are in the process of testing our TOKEN contract on CCN / Huygen. This should be complete in the next few days, and then we will begin the staking contract where members can earn TORII by staking CCN and CCN by staking TORII.
The main objective here is to show you that we live up to our promises, and to gain some of the CCN network to become holders of TORII and new investors into our network as we continue our plans for further growth.
Partner NFT Giveaway and whitelist spots
As we are sure you know, we have been given 500 whitelist spots and 10 NFTs to giveaway to TORII holders for the BeatMyTeam.com NFT drop happening on the 26th of May.
The criteria is straightforward:
Hold atleast 0.5 TORII in your wallet
Join the Beatmyteam.com discord group
We are delighted to be able to give back to our holders, and will continue to do so
