In an announcement released on Monday, Totona, a create-to-earn decentralized content platform announced that it will commence the sale of its token $TOT on the 24th of October 2022. Totona aims to incorporate blockchain technology and web3 in its platform in a bid to decentralize the $104 Billion content economy globally.
Totona’s native token $TOT is an BEP-20 standard token developed on the BNB Smart Chain (previously Binance Smart Chain). $TOT will serve as the native payment tool in the Totona ecosystem for creators and viewers, enabling viewers to tip their favorite creators. The token will also serve as a speculative and investment instrument. The maximum supply of TOT will be 2 billion (2,000,000,000) tokens and the asset will be deflationary in nature.
The Totona team has placed proper security measures for investors to deposit and transfer their funds to minimize the threat of cyberattacks and theft. They have taken stringent, preventative measures to ensure a safe, secure, and compliant process for all investors. At their ICO, 20% of the total supply (400 million tokens) will be put up for sale at a discount price of $0.01 (0.01 USDT), bringing the total expected proceeds from this event to $4 million. 100% of the token purchased at the ICO will be vested to minimize volatility for the initial months. More details about the token launch will be shared soon.
According to its website, out of the total 2 billion $TOT, 200 million tokens, or 10%, will be allocated to a liquidity pool to ensure the stability of the token. After funding the liquidity pool, the distribution of the outstanding TOT supply will go to Team Allocation, Marketing, Rewards and product development. Commenting on Totona’s launch, the CEO of Totona Tommi Metsapuro said, “Our vision is to revolutionize the content economy by making it possible for creators to work online and control the narrative while monetizing their work. Over the coming months, Totona will move aggressively to implement the objectives in our roadmap, while taking the time to follow the highest standards and create the best user experience. ”
The release of the Totona token and subsequent ICO will kickstart Totona’s plans to erect a revolutionary tokenized ecosystem with Totona operating as a create-to-earn and view-to-earn decentralized platform.
Totona is a reliable and unique blockchain platform for users to sell their content and for fans to connect to their favorite creators. Their primary objective is to tap into the blistering content creation space by empowering both content creators and viewers, thereby creating an intersection of community and the creator economy. The Totona system builds on the Patreon earning model for creators and takes this system up a notch via blockchain technology. Totona Ecosystem incentivizes all the viewers, creators, investors and traders by incorporating innovative platform components that allow income to be generated from traditional advertising and other means. The $TOT token will serve as the native payment tool in the Totona ecosystem.
More details about the project can be found here.