What is a Totem (CTZN)?

Totem (CTZN) is an operating system that seeks to forge users' Web3.0 dashboard and identity. The users can get access to exclusive communities and tools through the Totem platform. All the platforms and applications are incorporated within the Totem ecosystem. According to the Totem platform, any person participating in the Totem ecosystem is considered a Citizen.

Totem aims to build a new earth system by providing Web3 tools via an open and unified metaverse OS. The Totem platform offers the interface for various platforms to introduce their decentralized apps (Dapps) and provide incentives for integrating the platform's utility token into their project.

Totem and its token are a system-designed principle that manages inter-connections of components. Composability and interoperability are the two key features of the platform. Totem enables users to connect their identity along with the functionality between every space within the metaverse. Some of the tools that are incorporated into the operating system of Totem are identity and dashboard, charts, items, wallet, DEX swaps, staking, news, and AXIS. Moreover, the platform seeks to provide innovative methods for improving the staking value to build metaverse utility, which is tracked through the Totem OS dashboard.

The Totem ecosystem’s fungible token is Citizen, CTZN. The token is a transferrable depiction of attributed governance as well as utility functions stated in the protocol of Totem. CTZN is used exclusively as an interoperable utility token. It is the currency between all kinds of experiences in Totem: AXIS, OS, Obtainable, and Xela Earth. With the generation of revenue, Totem uses the CTZN token for onboarding more communities and tools.

CTZN is the source of partnership for various other Web 3 tools, products, and games created on the platform. Users can stake the token to acquire access to a range of communities, tools, NFT drops, and other offerings. The token offers economic incentives to its users, which is allocated to influence users to participate in the Totem’s ecosystem. Moreover, CTZN allows the token holders to vote on parameters or features of the protocol.

History of Totem (CTZN)

The launch of the platform took place in 2021. Daniel Hanks is the chief executive of Totem. Daniel has more than ten years of experience and is also a founder of the Void umbrella.

The total supply of Totem tokens is one billion.