Teritori Network Overview
Introduction
In the realm of Cosmos-SDK projects, Teritori’s role is to become a dynamic hub able to connect IBC and non-IBC communities for the exchange of services and different other interactions promoting crypto cooperative initiatives with open-source premises.
So far the idea expanded to the creation of groups/communities for innovation, trading, and organizational purposes.
Its NFT and dApp launchpad will play a crucial role in serving all of the aforementioned goals. Teritori’s mainnet has been live since October 3rd, 2022.
Vision
Underneath all of the features and characteristics we will enumerate, it’s important to remember that Teritori’s main vision relies heavily on providing people with the necessary tools for providing access to a fair form of governance, or, in their own words, liquid democracies on many scales, regardless of size.
As a community-owned application, the Teritori dApp offers different ways of experimentation in the aspects of transmission, communication, and coordination.
The gaming structure of Teritori is another fundamental point of how the network approaches its vision:
Everyone has a role to play.
All these roles need to amount to (but not limited to), through incentivization of the userbase: voting, allocating grants to contributors, becoming ambassadors of the community, and guarding its many upcoming features.
For this part, Teritori has become launching seasons of “Game of Teritori” with an XP system.
$TORI is the networks native token, and its holders are able to participate actively by completing a series of tasks and earning XP and airdrop rewards as a consequence.
Game of Tori S1 https://medium.com/teritori/let-the-game-of-teritori-begin-%EF%B8%8F-5c0e7ec5ee5f
Game of Tori S2 https://teritori.com/blog/game-of-teritori-season-2
Teritori Hub
The hub is the place where a lot of the vision unfolds and the action happens, besides their active Discord server.
Tori Name Service & Identity
Web3 identity is something Tori takes seriously.
Its name service plays an important part in offering you the opportunity to register yourself or your organization on the path toward using the hub as is and in the future where it plans on providing a seamless experience through the help of your private or public profile.
The profile will be more than a simple identity, it will be used for navigation between different dApps or marketplace services where the user can choose how much of its information they get to share.
Profiles could potentially be certified in the future, allowing the social element to take a more professional aspect and DAOs integrated or other parties to recruit talent through Tori Network.
The community will evolve in a decentralized manner to provide more than a mere username on a webpage.
Marketplace & Launchpad
The multichain NFT Marketplace and NFT Launchpad both focus on bringing custom features for buyers, holders, and other participants looking to reach a quality audience through their projects.
Recently launched R!ot NFT collection has become available, as well as the already launched aforementioned Name Service which allows anyone to register, burn, transfer or edit their owned name services.
Upcoming
- DAO tools that will approach the customization and viability of jobs, NFTs, bounties, and also an awaited governance or utility token. Like almost anything else, all of these will have a ranking and quality system.
- dAppStore
- New dApps will include group chats, DAO Launch, raffles, lottery.
- Upcoming projects on the launch pad include multiple NFT projects
- A comprehensive lore-dependent P2E system for the gamification aspect of the NFT
Token Release Schedule
At first, TORI is highly inflationary. Initial supply of 200 million $TORI at genesis. These will be distributed among Airdrop beneficiaries, a community pool, and a strategic reserve that will be critical to the development of the network.
Similar to Bitcoin’s “halvening” where token issuance is halved every four years, TORI token issuance will be reduced by ⅓ each year. New tokens will be released and distributed on a block basis, according to a “thirdening” schedule.
In the first year, there will be a total of 300 million tokens issued. After 365 days, this number will be reduced by ⅓, so there will be a total of 200 million tokens released in year 2. In year 3, there will be a total of 133 million tokens released. And so on.
The newly released tokens will be distributed in the following manner on a block basis:
Staking Rewards: 40%
Usage Incentive: 25%
Developer Vesting: 15%
Grants: 10%
Community Pool: 10%
Data sourced from Teritori’s 1.1 Whitepaper. For more information on Tokenomics, make sure to check out their page on it here.
Final thoughts
Teritori’s current features and upcoming Roadmap makes it hard to overlook within the realm of active Cosmos projects.
https://teritori.com/roadmap
Supporting BlockHunters
If you enjoyed this article, you can support both us and Teritori Network by delegating some of your $TORIs with us!
- Following the explorer link below
https://scan.bh.rocks/teritori/staking/torivaloper1symf474wnypes2d3mecllqk6l26rwz8mtqqwe7 - Using the ReStake app
https://restake.app/teritori/torivaloper1symf474wnypes2d3mecllqk6l26rwz8mtqqwe7
Don’t know how to buy and delegate $TORI tokens? We’ve got you covered. Follow our YouTube video tutorial for that 👇
Teritori Links
⚪️ Medium: https://medium.com/@Teritori
⚪️ Website: https://teritori.com
⚪️ Whitepaper: https://teritori.gitbook.io
⚪️ Github: https://github.com/TERITORI/
⚪️ Twitter: https://twitter.com/TeritoriNetwork
⚪️ Discord: https://discord.gg/Teritori
About BlockHunters
BlockHunters is a non-custodial staking service provider currently supporting the most promising projects in the cryptocurrency ecosystem with active nodes and different model infrastructure key components.
Based on the vision of driving technology forward and helping with security, connectivity solutions, governance insights, and community support, BlockHunters is dedicated to offering competitive and practical prowess.
Where to find us
🔗Website https://blockhunters.org
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📧Email office[at]blockhunters[dot]org
