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What is Torii Finance (TORII) token?

By Natalie Wu | October 2, 2021

Torii Finance is a DeFi protocol focused on enabling our community to access Decentralized Finance opportunities; including staking, reflection, crypto loans, and Non-Fungible Tokens (NFTs). Think YFI/Yearn Finance, but for BSC (Binance Smart Chain). 

The integrity of our network is fundamentally important to the Torii Ecosystem as we intend to have a key focus on partnerships and particular community stakeholders who have a vested interest in driving the value of the network as a whole – including validators who comprehend the value of holding the TORII token as a form of governance or insurance/assurance. 

Governance, DeFi, Staking, NEXTGEN Fungible tokens and Non-Fungible Tokens (NFTs) make up the initial offering layer, which drives the core value proposition for our community who in turn will help to govern and maintain the entire network through voting and engagement. 

This document will continue to be evolved, and grow to include all aspects of the Torii Ecosystem and Infrastructure, and provide clarity on each component that makes up the TORII ECOSYSTEM OF VALUE (TEoV). 

What is Torii Finance?

Torii.finance is a group of protocols running on Binance Smart Chain that allow users to optimize and manage their earnings on fungible and non-fungible assets through lending, staking, and other DeFi services.

As one of the leading DeFi projects, Torii Finance provides its services through community-orientated decentralized environments – without the need for a centralized governing body or custodians.

Torii Finance has built an array of incentives around their token, $TORII, in order to enable this and grow the utility value of their network.

Torii Finance as a platform consists of a plethora of independent products, and instruments, such as:

Earning Opportunities: A host of specific decentralized financial instruments providing optimized interest rates on selected assets.

Savings and Vaults: Investment vehicles with specific strategies generating the highest returns from other projects (DeFi, Deflationary, and NFT
orientated).

Decentralized Asset Management (DAM): Identifying lucrative asset opportunities for the Torii community in the form of fungible and non-fungible token asset opportunities…

Torii Finance Products

Our suite of Decentralized Finance products is designed to generate yield on smart contract platforms, with a focus on Binance Smart Chain (BSC). Our protocols are maintained by independent developers and community stakeholders but are essentially governed by all TORII holders.

iiEARN: Deposit your favorite crypto or digital assets and get optimal interest rates with the h[ii]ghest yields.

iiVAULT: iiVault is where you earn on specific assets with designated interest rates that have been predetermined. Deposited assets grow and generate passive income with no risks – similar to staking.

iiLEND: iiLend is our crypto loan and collateralization protocol providing seamless digital loan solutions optimized to avoid long-term repayment and recovery.

iiASSETS: Digital Assets, Fungible or Non-Fungible, form a significant part of our ecosystem. iiAssets enables us to create generative, data-centric or fractionalized digital assets to enable our community to own and earn through next generation financial asset architecture.

TORII Token

TORII tokens are earned by enabling the staking and participating in locked blockchain smart contracts on the Torii.Finance or Torii.Fi platform – or participating partner platforms.

By doing this, Torii Finance helps their community and maintainers capitalize on “yield farming”, in which people lock up crypto assets in their protocols to earn more cryptocurrencies (fungible or non-fungible tokens). The more fungible and non-fungible assets users lock up, the more rewards in the form of tokens they are awarded by all protocols on the Torii Finance platform.

In its first month of operation, Torii Finance has launched 3 staking rounds and locked up over $200,000 worth of value across all protocols prior to public launch.

The TORII token is essentially a tool to consolidate and combine the coordination between community members and the Torii Finance protocols that provide this value. Acting in a decentralized governance manner makes Torii capable of rapid innovation where other competitors lag behind.

TORII TOKENOMICS

Token Name: Torii Finance

Token Symbol: TORII

Max Total Supply: 32,000 TORII

Initial Circulation Supply: 16,000 TORII

Minting No Further Minting Possible

Blockchain Agnostic (but focused on BSC)

Contract Address 0xfd053f9a52d2d74aae83c28323cc7d2e2fefb263

Minting No Further Minting Possible

Initial Distribution of TORII TOKENS

Instead of starting with a presale of fair launch, Torii Finance decided that the most appropriate distribution plan would be to partner with progressive industry-leading innovative tokens, such as GOMA Finance, and provide an incentive structure to mimic the protocol’s primary reward and DeFi functions.

The first stages of distribution happened through staking and a community airdrop to enable new members of the community to receive value before public launch.

The initial phases of staking

The successful launch and demand for TORII staking rounds drove community growth and extensive participation in the proliferation of Torii Finance as a significant roleplayer in the BSC (Binance Smart Chain) ecosystem.

TORII’s Evolution

Although the Torii Finance protocol environment began with staking and focused on partnerships, the utility of the token and the Torii ecosystem is designed to be dynamic and ever-shifting.

Production and additional considerations for function and form will be governed by the community, and decisions on formal structures voted on to maximize consensus-driven evolution.

​How and Where to Buy TORII token?

TORII token is now live on the Binance mainnet. The token address for TORII is 0xfd053f9a52d2d74aae83c28323cc7d2e2fefb263. Be cautious not to purchase any other token with a smart contract different from this one (as this can be easily faked). We strongly advise you to be vigilant and stay safe throughout the launch. Don’t let the excitement get the best of you.

Just be sure you have enough BNB in your wallet to cover the transaction fees.

You will have to first buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…

Source: Coin Introduction <https://morioh.com/p/a232e874dbcb>

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