How Totem provides profitability in the decentralized financial market
Earning is an important part of any cryptocurrency investment. When investing in a project, investors always expect that they will give them a profit.
What options does Totem have for making money?
Liquidity protocol
The Proof-of-Work algorithm is extremely inefficient in terms of energy consumption, so Proof-of-Stake came to replace it. It has a lot of advantages, including passive profit, however, this has costs, in the form of a decrease in the liquidity of tokens, since most of it is held to make a profit.
TOTL solves this problem.
This protocol creates a staking pool to mark the user’s assets that can be invested or used in other applications. The protocol marks TOTs on the stack as STOT, in which:
■ STOT is tradable and can flow through all chains on the Totem network.
■ STOTs can be exchanged for native TOT tokens at any time, and users can choose to exchange
■ Decentralized on-chain governance performed by the STOT and TOT holders optimizes returns and immediately or transfers unbound TOTs in advance.
■ Use the shared security mechanism of the Totem Chain to ensure the highest level of security.
■ Customized transaction fees boost usability
Thanks to the TOTL protocol and token tagging solution, this allows the tokens held on the stake to be used for the benefit of the platform and increase its liquidity.
Staking
Since TOTEM uses a Proof-of-Stake consensus algorithm, users can keep their coins in the stack for additional passive profit.
In addition, the tokens held on the stack give a vote on changes made to the protocol, which also makes them a great tool.
Liquidity mining
Users are rewarded with Totem platform tokens for offering their assets to the market. In addition to commissions for sharing the platform and interest, they can also sell the tokens rewarded by the platform for more profits.
Thus, TOTEM is an excellent platform not only for running your own business but also for generating passive profits thanks to the liquidity pool and staking.
Learn more about Totem advantages and its profitability: http://totprotocol.com
