First of all, I would personally like to thank all of those that took part in the AMA. With 494 questions asked it was a very difficult task to pick the below 25 questions. However, I will try to answer as many of the other questions posted as I can whilst also answering these.
So sit back, relax, and enjoy!
What impact are you are hoping to make with Thoreum on the current BSC network?
Thank you for the question. When starting this project, we had a vision; to become the next Safemoon, a Safemoon 2.0 if you will, a true hyper deflationary token, with break through features, providing added benefits to holders that the original Safemoon could not provide.
- True ‘Buyback and Burn’ Tokenomics: Unlike Safemoon and other 1st gen tokens who are only able to burn, Thoreum ‘Buyback and Burn’ features will decrease the circulating supply of Thoreum whilst increasing the value of each of those tokens in circulation.
- ‘Thunder Boost’ Feature: Our new feature, which allows users to stake their Thoreum to earn BUSD/BNB whilst also receiving passive reflections as static rewards.
- Fair Game: We intend to give everyone a fair chance to get in on the ground level of this project, unlike other tokens that only give priority to early adopters, Thoreum has provided the facility for users to engage in Liquidity Mining to receive Thoreum.
- MasterChef 2.0: With our new contract, we are able to open an infinite number of pools using the same token and can even handle transfer-tax tokens such as Safemoon safely and exploit free.
Many of these features have never before been seen on BSC and we are confident that, through them, we can all collectively, advance the platform to the next level.
Is there any near-term or mid-term plan to take the project cross-network?
Our team is currently working on several cross-platform integration solutions, the first of these we expect to be Polygon, though the other networks will follow shortly after.
If so, what kind of impact do you expect that will have on all the other DeFi projects?
Once we are able to bridge across to other networks, we can lead the way for other projects to do the same. If a coin with our complex Tokenomics is able to make the bridge, we expect others to follow closely in our footsteps.
Do you have any partnerships planned with other established DeFi projects? I think that will help establish the Thoreum name better.
Thank you for your contribution. In the past we have worked with many other projects, we truly believe that integration is an important aspect of growth, and we look forward to working with other DeFi project again in the future.
At present we are in talks with numerous projects, though cannot confirm which ones until they are finalized due to legal reasons.
Though be sure as soon as we have something to announce, it will be on our official announcements Telegram page.
I was wondering how you plan to achieve a stable token and a site which is 100% safe from hacks and exploits, where a user can feel safe leaving their crypto currencies staked and sleep peacefully generating profits?
Let me start by saying…
Safety is our number one priority.
No one is going to invest, long term, in a project which they do not have 100% belief and trust in. We have learnt from past incidents and taken necessary precautions going forward to ensure the satisfaction of our clients and the safety of their funds.
To begin with, we delayed the launch of this project until we had the ‘all clear’ from two of the largest auditing companies, Paladin and Techrate.
Paladin was instrumental in auditing our contracts very thoroughly and helped us to resolve many severe issues in a very short timespan. Their eye for the minutiae and user safety is unparalleled, and our developers worked with their highly skilled auditors to ensure that users would feel safe and secure investing their money in Thoreum, and that our initial contracts would work as intended.
We were pressed for time, and we approached Paladin with a very tight deadline and a difficult task : To audit our reflection Token, Masterchef, and ThunderBoost contracts to detect any vulnerabilities and errors, and how to fix them. They have surpassed all expectations that we had, and we can safely say that they are amongst the best auditors my team has ever had the pleasure of working with.
This gave us the confidence that we could launch with no issues, though we did not stop there.
We continued to ensure the security of the project and the funds of our clients by completing the acclaimed Certik audit.
We are proud to announce this audit returned 0 security issues, which is rarely seen in the whole BSC deFi projects space, and gave us the confidence to continue full-steam ahead with the project.
We will not rest on the results from these audits, we know that there are always potentially new ways for the project to be compromised, we shall however remain vigilant and continue to update our security and do whatever is necessary to keep our clients’ funds safe for the long term.
When the Thoreum mining ends, the 12% transaction rate will still be maintained? How long will the burning of the tokens follow?
Thank you for the excellent question, to better answer your question can we look at the long-term goals for the token and see what an important part the 12% transaction fee plays.
There are currently around 1.0 Billion Thoreum coins still to be mined, we expect this to be completed soonest in the next 40 days with the current speed or latest to 6 months depending on the activity and liquidity used for mining by users. The more liquidity (including Thoreum) used to mine, the faster the process. During this time, any Thoreum that is mined and harvested will be taxed at 12%, meaning that, 12% of the total coins to be mined, 8% of which will be burned and 4% will be rewarded to current Thoreum holders automatically.
This 12% tax is also applied when users buy and sell Thoreum, meaning that that the total number of Thoreum in the market will also continue to decrease.
So, what does the tax buy mean to you the user?
In this project the tax is used in the following 3 ways:
- Firstly, as the supply of Thoreum is reduced continuously due to tax (a proportion of which is burnt), each coin becomes rarer and more valuable.
- Secondly and far more interestingly it gives power to THORS THUNDER, our Auto Burning mechanism, which has already burned 68.5 Million tokens in the first 14 days. An incredible feat when you consider the circulation of only 680 Million coins. If we continue to assume current trends, we can consider that if we are able to burn 10% in 14 days, we can burn 20% of our total supply each and every month, a truly insane rate.
- With each burn THORS THUNDER puts more BNB in the liquidity pool and then takes out Thoreum to burn it. This helps the price floor of Thoreum raise gradually over time. Also, the number of coins in circulation is reduced, the coins you are holding become rarer and from this the value of each will increase. Allowing Thoreum to achieve its objective of becoming the world’s hyper deflationary token with additional benefits for long term holders.
The only thing currently stopping the number of units in circulation from plummeting, is the mining that is going on over the next few months.
This mining is an important feature, as it allows more users to get on board before the real project starts, once the mining is completed. Imagine if we continue to burn at a rate of 20% per month after all tokens are mined, with a natural burn of 80% of tokens over six months, every token in circulation would be 400% rarer and the value would skyrocket.
In short, for the best result for our long-term holders, we intend to continue with the transition tax for the foreseeable future. However, if at a later date our plans change, we have the ability to change, put on hold or remove the transaction tax. If it suits our community. A feature which few deflationary tokens can boast.
What will be the long-term hold/mine option for us look like? Pools are constantly closing and new ones are coming out. It’s a bit confusing, can you explain how it works?
You may see that things might seem a little confusing at present, please be patient with us as we are only 17 days in and are still working out how to present you all with products that are attractive and interesting.
Let me try and explain these options in a little more detail.
We currently have a number of choices that we have to offer our clients, we have tried to provide different packages to suit each user’s requirements regardless of the amount they are looking to stake and the length of time they are willing to stake for.
In other words, we’re trying our best to meet our users’ various demands.
Let me start by putting some emphasis here:, Thoreum is built for long term holders, not for the short-term investors looking to make a few cents from quick trades.
Our products reflect this ethos. With this is mind let me run through a few of the options available now and some of the exciting projects which will be available to our users soon.
- Firstly, for those looking to only hold for a few days or those who are excited by the project and want to see where it goes. If you fall into this category, your best option might be to just HODL your Thoreum, having them in your wallet will still reward you with reflections and with every transaction others make, you will see the number of coins you hold grow.
- For those of you that find holding is simply not enough, and want to super charge their staking power, but are not looking to invest long term, Thunder Boost pools might be the place for you. Here you can stake your Thoreum, receive not only reflections but other third-party tokens such as BNB, BUSD etc as well. These third-party tokens can be harvested at any time. These pools are tax free and fee free for users to enter.
- For midterm holders, we have the new Thoreum dynamic pools, these pools are great for staking your Thoreum or other coins and mining Thoreum. In these pools APY is dynamic, there are times that the allocation points will be super high, there are times that the allocation points will be super low to balance the whole Thoreum system. Overall, average APR will be high for long term holder and low for someone want to mine Thoreum and sell immediately.
- The best option, with the highest interest rate is reserved for our long-term investors. For you lucky users we are excited to announce a new product that will totally change the game. Our users have been asking for these features and we are delighted to present… Thunder Vaults!
What will Thunder vaults bring to users that is new and exciting?
We cannot wait to tell you all about Thunder Vaults, these are the features that everyone has been excited about and yelling at us to implement, well finally it’s here and we are so proud to tell you all about it. Features include:
- The longer you stay staked in a Thunder Vault the higher your interest will be, stake longer and receive higher profit.
- Auto compounding is finally here. This is what everyone has been pushing for and we can finally implement it.
- You can deposit fee free, tax free, and let Thunder Vault auto-compound your earnings every 8 hours.
- 28 days staking lock up, this product is for our long-term holders only, those looking for great passive income long term. (There will be an unstaking fee for people to withdraw their stake before 28 days, but this will come with a 30% fee to stop people abusing the system and make it fair for people who, instead are using Thoreum pools to generate passive income, so be sure that you are looking to stake for at least a month before depositing.)
- We envision that the Thunder Vault will be the ultimate tool to allow users to mine Thoreum, bringing the highest profits to Thoreum users, long term.
What made you guys do this project and how many nights lost sleep?
Sleep? I don’t remember the last time I had a full night’s sleep, certainly not in the last month that’s for sure, but thank you for your concern.
As to your original question, this is not our first project. Before Thoreum we had two successful yield farming projects, which at their peak, were producing significant incomes for our users, who were delighted with the results.
However, we could see that there were two aspects of such projects we thought could be improved on:
- Firstly, early adopters took the biggest profits resulting from increases in value of the token and those that on boarded later could never see 100x or 1000x.
- Secondly, users are always given incentive to sell their yield which will never benefit the project long term.
We wanted to produce something different, something new and exciting, something never before seen in the world of DeFi and most importantly something which will benefit our users long term.
We needed a project which would benefit our users, be built on next generation ideas and coding, integrate the most modern features, with no compromise when it comes to safety and security and still give the potential to 100x or 1,000x as other platforms have been able to.
We started by looking at all the aspects of current projects which people enjoyed, the static rewards of projects like Safemoon and the liquidity mining potential from Garuda and GoCerberus.
Whilst also looking at the limitations of those projects.
For example, it’s plain to see that the automatic liquidity feature of projects such as Safemoon, who, although are efficient in reducing the supply of their coin in the market, does not necessarily go hand in hand with an increase in the value of each coin.
The solution was obvious, though not simple. It would require a lot of planning, careful implementation, testing and a strong user base that believed in the long-term goals of the project.
And from there, Thoreum was born.
Let me reiterate some amazing features I mentioned earlier:
Thoreum with its true ‘Buy Back and Burn’ system increases both the price and the rarity of each remaining token in circulation. Once fully implemented and a threshold is established any time the price of the token approaches this threshold the contract will trigger and buy Thoreum and immediately burn it, once again increasing the value and decreasing the Thoreum in circulation.
From this jumping off point came great innovations that we are so proud of; many of which are firsts in the world of Defi.
- Our Thunder Boost pools, where holders receive double benefits. Users receive both reflections like those holding Safemoon and also receive static rewards at the same time. Even today this is still the favoured project of our users with more Thoreum staked here than anywhere else.
- Our Brand-new MasterChef 2.0, which allows an infinite number of pools to be created, this is why when you visit our website you will see more than one pool in which to stake your Thoreum. MasterChef 2.0 also allows us to make the Apr% for these pools dynamic and adjustable and most importantly exploit free.
We continue to innovate, we are passionate and have even bigger things planned, just wait and see.
What is/was your job?
I have had many jobs, both inside and outside the world of DeFi. Most recently I was a developer for a large software company, where I worked my way through the ranks and was promoted to the lead development team and then finally to the position of senior manager.
In that position, I was more financially stable and with more power, heading a multi-team of several hundred people, but I missed the excitement of developing and in particular the excitement that came from my work with crypto. I still have ties with that software development company, but now work full time in crypto and can easily say it was the best decision of my life.
Why are you creating so many of the same pools? I think it’s more attractive for Thoreum holders to keep APR in one pool and get more reward.
Thank you for your input. We are still trialling and testing different options when it comes to pools, we hope to eventually have an option that suits everyone.
For some the excitement of getting in a pool early and reaping that high APR before everyone else jumps in is a big draw and we would not want to deny them that. For others, stability is key and for them our dynamic pools, with more stable APR, will be more attractive.
We release new pools daily so we hope that there will be something to suit you, regardless of your requirements. If not let us know and who knows? There is probably something in the pipeline to suit you specifically, in the near future.
Lastly, remember in the next week we will see the launch of Thunder Vault, this project will not require you to stake in any pools, so you won’t have to choose, or do any maths, just deposit your funds and forget about them, come back after a month or more to find your coins have been compounding at a very attractive rate.
Have you a plan to put up an advert in Times Square?
That would be awesome and definitely something to aim for in the future. Currently our advertising is more focused on people that are already in the world of crypto, so target advertising on Poocoin and other sites has been our main plan, though don’t think we will stop there.
We are constantly doing competitions and giveaways within our community to draw in and retain people.
All these additions on top of the already great service we provide.
In fact, we have already spent hundreds of thousands of dollars on advertising and have no plans to slow down any time soon.
In saying this we really want to get the community on board, so if you have any ideas, where and what to advertise, if you have any ideas to spread the word let us know, jump onto our official Telegram page and voice your opinions. We are always looking to work with Youtubers, TikTokers, Instagramers etc—anyone that can help spread the word and would love to hear from you.
Though do not let me lead anyone astray with this talk of advertising, we solidly believe the project will speak for itself and we know that our most important advert is a glowing recommendation from a friend and we will make sure each of you goes away feeling you achieved your goals and we will do what is necessary to achieve that by providing a great project and a pleasant experience.
Are you going to do the Lamborghini draw live?
Speaking of advertising I totally forgot about the Lamborghini give away! I’m so excited for this draw and glad that the community is getting behind it also. Currently our plan is to go through the registered users and randomly select 50 eligible contestants live from these applications. We will then publish these wallets and check that each satisfies the requirements, make sure that none of them have made any sales or transfer of Thoreum since the start of the contest, make sure the holder is contactable and agrees to publish their name and face and agree to be included in promotional materials going forward.
After this we will have a LIVE draw to choose the winner of the Grand prize, a Lamborghini Hurracan or $230,000 BUSD equivalent. So, for those asking, ‘When Lambo?’, as long as you’re holding Thoreum and have filled in the application the answer could be VERY SOON!
How do you aim to create a strong and diversified community with Thoreum?
Thank you so much for your question. We really want to encourage participation within our community. Each person can do their part to get excited. There are plenty of ways to get involved and spread the word about Thoreum.
To start with be sure to visit our website Thoreum.Finance there you will be able to find your referral code, with this code you can receive income from bringing people to the platform, in fact you gain 3% of the total harvested tokens, every time someone you bring in harvests their tokens. (Don’t worry you aren’t taking anything from them this is on top of their harvest.)
Secondly join our official Telegram group https://t.me/Thoreum to get updates on this project and to chat with other Thoreum holders. This is literally the most exciting place to be when THOR drops his hammer and unleashes THOR THUNDER so don’t miss out. We also have the best and friendliest mods available 24/7 to help you with any questions, comments or queries.
Besides Telegram, you can follow and retweet our Twitter account.
The best thing to help Thoreum to become a global brand is to join our Raiding Army Telegram; want to be more active and really get involved join https://t.me/thoreumARMY and enlist today. It is a group of dedicated Thoreum soldiers sharing memes and shilling Thoreum all over the internet.
Thoreum Raiding Army groups are essential if we want our token and project to become, a global name. With a raid group, admins of our raid group will tell the members in the group specific places to “raid” which is just spreading the word about our token in certain parts of the internet like YouTube live streams, and Twitter.
Most importantly, tell a friend, share your positive experience, let friends and family know about this great project. Honestly, these personal recommendations are the most important to us and if each person can bring in 5 friends a day, we could have every person on the planet on board within a week.
What is Thor Thunder?
THOR THUNDER, is in a word, AWESOME! This is our buy back and burn facility.
As stated above, every transaction on Thoreum (Apart from those exempt like depositing in Thunder Boost pools, etc) has a transaction tax incurred.
A proportion of this tax is held in a contract and then sold to buy BNB. (Let me just ease any worries, this contract is locked, no one has access to it, not the developers or even me.) The only thing that can be done with the BNB in this contract, is use it to buy Thoreum, which is then immediately burnt.
For every transaction of more than 1,000 Thoreum, this contract automatically uses it’s reserve of BNB to buy back and burn a small proportion of Thoreum.
This both supports the price of Thoreum directly and reduces the amount of Thoreum in circulation. But this is not the true power of this feature, to understand that, we need to understand THOR THUNDER.
We call the account THOR and we call the instant that the huge amount of BNB is sold to purchase Thoreum THORS THUNDER and the electricity in the community as everyone realizes that their holdings’ value just shot up, is nothing short of electricity.
The great thing about this process is that it requires nothing from the users, just simply own some Thoreum and you will feel the effect of THORS THUNDER.
What is the result of this?
When THOR release his THUNDER, usually hundreds of BNB, large amounts of Thoreum are purchased all at once, the price of Thoreum shoots up. Meaning that every token held by a user increases in value. Immediately after this, those coins are burnt, resulting in each coin being held by each user becoming rarer.
Thor collects Thoreum from transactions fees and sells them automatically for BNB and stores it in the contract, (…) how long Thor gonna release his thunder for?
Thor’s Thunder statistics as of Jul 7th, 2021
The beauty of the Thor account is due to our battle tested Tokenomics, we have conclusive proof that the THOR account can never be empty.
As long as there are transactions of Thoreum, the tax from those transactions will continue to grow the THOR account at a rate of 100-150 BNB /Day ($30,000 to $45,000 per day).
When we compare this to the amount of Thoreum that THOR has been burning each day (around 4 – 5 Million units per day, calculated from ’68,745,631 units burnt in 14 days’), not only are we not burning through the reserve of THOR we are actually adding to it.
For evidence of this please review https://bscscan.com/address/0x580dE58c1BD593A43DaDcF0A739d504621817c05#analytics and view the BNB balance tab.
As can be seen above, even after two solid weeks of burning, stabilising price point of Thoreum, THORS balance was still able to increase daily and peaked at a staggering 2,398 BNB which is around 203% of our liquidity. If we continue as planned this account only gains power and is impossible to drain.
In short, THOR will continue to drop the hammer, burning huge amounts of Thoreum and refill it’s power from the taxes collected from transactions made with Thoreum.
Can you indicate a feature or features that you like best about the platform so that it can compete with other competitors?
Thank you for your question. In traditional systems, sales of tokens are viewed negativity, the value of the token being held by each person is reduced and this causes fear and doubt, causing others to sell and this causes a rush of sales and the price to crash further, which can become a vicious cycle that is impossible to pull out from.
It is also very susceptible to manipulations from whales, these accounts can pump up the value of a token, starting an upward trend and then dump there coins out to see the market crash before re buying in at the dip, each time they get rich and through fear mongering and Fomo (Fear Of Missing Out) they get rich and the other investors lose out.
With Thoreum, people selling their coins should not be seen negatively, each sale has a 12% tax. 4% is distributed around all those accounts holding Thoreum and the other 8% goes directly to the THOR account.
In the long term the use of the THOR account can offset and often smash, downward spirals and stop people from dumping their Thoreum. THORS THUNDER can also be used pro-actively to support the value of Thoreum, to start positive price increase spirals or to stabilise the tokens value and create resistance plateaus in the price, though more on this later.
Basically, THOR and THORS THUNDER is supercharged from transaction tax and can be used to stabilise, recover and help the value of Thoreum, this will give a strong assurance to our long-term users who are intending to stake their coin with us for months and even years.
These systems and tokenomics are rarely seen in the world of defi.
Those holding Thoreum for the long term have only positive outcomes to look forward to:
- Passive Income
- Safety, and
Which of the three projects did you enjoy the least? What would you have done differently if given the chance?
Wow that is a difficult question, honestly, I don’t believe in regret, life is a path and every action leads to the next, if I hadn’t had the difficult tasks and made some mistakes I wouldn’t be where I am today, so how can I regret anything?
I honestly learned a lot from the difficult tasks and any failures and the value of those lessons is worth much more than any cost to me from the results that came from them. So, I would have to say I enjoyed each of them equally and for different reasons and with no regrets.
I will continue to take on difficult tasks, looking forward to new experiences and potential and welcome any struggles that come from it, as it is only from the struggle that the joy of victory can truly be felt.
There is a LOT of FUD (Fear Uncertainty and Doubt) around GoCerberus and Garuda tokens and how they failed which has carried over to this project. What lessons, learned from those projects or assurances can you give us that it won’t happen again and what is timeline for reimbursement?
Thank you for this question. We hope that our transparency regarding this hack will put everyone’s mind at ease and make sure that we are doing everything in our power to help our users recover from this hack.
I will first give a quick summary of the events that have already occurred, the works that are ongoing and our plans going forward from here.
Let me start by reiterating that this attack was an illegal, malicious hack, which targeted a security issue never before encountered in the MasterChef 1.0 contract, which we forked from Pantherswap to build Garuda and GoCerberus. It was an entirely new hack, which used the systems inability to handle the transfer-tax tokens to drain all the liquidity from our project:
- We were not the only project hit by this hack, namely Lokum, YBear, Piggy, CaramelSwap and Ketchup were also attacked in the same way and the same day.
- As soon as the attack happened, we did everything in our power to try to save our users from the attack, but we were simply not left with enough time from the beginning of the attack to the end to stop it.
- Immediately after the incident, we hired security experts to diligently work to find out what had caused the hackable exploit and to publish their findings. You can read those findings here.
Even though this exploit was inherited, not from our coding and ultimately undefendable given that these projects were forks of projects based on old MasterChef, to me, I still think that I should step up and do the best in my ability to compensate our customer’s lost funds, by making a creative plan to compensate their lost funds, using a new valued token in a new system.
This token could be Thoreum or another token depending on what we have at the time of compensation, and this token will be funded by the limited dev fund, not minted, so as not to affect the current holders.
After the smoke had cleared and things settled down, we began working on a plan for compensation. We hired the best team we could find to build the compensation software and began exhaustively working with them to begin the arduous task of analysing the millions of transactions, of thousands of wallets and comparing them to the compensation forms submitted by users.
For more information on this foundation plan and its execution please read this doc.
As we move forward, we will update our users as we pass the milestones accomplished on the Garuda and GoCerberus channels.
Let me also say that not only has the exploit been fixed, but in regards to Thoreum, we have gone even further by implementing the entirely new MasterChef 2.0 which is safer, more secure and exploit free.
We have also completed 3 security audits of the new system, of which Certik has audited and highlighted 0 security issues going forward. What happened in Garuda and GoCerberus will surely not happen in Thoreum thanks to our MasterChef 2.0 which has been heavily audited.
Let me end by saying that I was also deeply hurt personally by this attack, it was only through the kindness and support of you, our community that we were able to get through this ordeal.
I will never forget that.
I hope that my transparency on this issue gives you more confidence going forward and you can see how hard we are working to make things right for the users of these two projects.
While the compensation software is being built, we are working on a plan to compensate each and every member, willing to work with us, the value of their holdings on Garuda and GoCerberus using a valued token at the time of compensation. It is the only way to clear every member of my team from FUD and fully cement the faith of users of any projects we put forward in the future.
This reimbursement will, however, take time, so please continue to be patient with us, I personally promise that as loyalty and trust are the key components of our projects mantra, we have to resolve this issue in a diligent, rapid and comprehensive manner and I will do so with all the energy and power I have. Thank you again for your kindness, your patience and support in this matter.
Are you going to be a Cake token competitor?
No offense to Cake, we love those guys and look forward to working with them in the future, but really that is comparing apples and oranges.
These are two completely different projects with very different plans going forward, our Tokenomics is unique and currently, in the market, we have no competition, as no one is able to provide the same services and products as us.
But one thing I think will be similar, Cake is here for long term and so are we. Remember that UNI retraced for about 4 months before it went 1,000x and CAKE did the exact same thing.
Thoreum is a long-term project and will do the same, I believe if our holders believe in our shared vision and can hold for long enough, Thoreum will make many of our holders millionaires with our innovative features.
Are you hiring?
We are already a well-rounded, international team. Thanks to the ability of online cooperation, we have experts in coding, development, web site design, social media, advertising and customer relations who worked online 24/7 from more than 10 countries around the globe.
Though saying all that, we are always looking at expanding and on boarding new talent. Right now, we would love to hear from talented developers and marketing managers that can bring something new and exciting to the project.
Why is the theme around Greek gods?
Greek mythology has always held a place in my heart, I read these old stories when I was 7 years old and always enjoyed the mix of traditional cultures and storytelling.
From a young age my favorite character was Zeus and I love to incorporate that element of storytelling into my projects, adding some drama to the interactions is so much more engaging than just seeing numbers going up and down.
As for thunder, I love the power of thunder, the unpredictability, the fact that it shakes even the foundations is almost magical.
I think these elements are best represented by the THOR THUNDER mechanism, the wave of excitement in the community when they see that vertical line, it’s like electricity. It’s like lightening. It’s unpredictable and deadly.
But don’t think this is the only mythology to look forward to I’m also toying with many other narrative elements for new projects coming soon and expect to see them heavily influence new products also. Projects like AutoHades etc
Will the Thoreum project be your last project? Or will you go into another work again?
For now, Thoreum is my focus, there are of course plenty of places we can move from here, once the eco system has been built.
We are an innovative team with lots of ideas, the hard part is choosing which ones to implement. The one thing I can guarantee, is that any other project that gets built will be done so either on top of or alongside Thoreum. Any new project will only be implemented and partnered with Thoreum to help supercharge each other.
When we tell our users to be in this project for the long term, we are not joking, we already have timelines in place for years to come and will only green light other projects if they advance Thoreum as well. Thoreum with its hyper deflationary nature will be the stored value, like gold, of our whole ecosystem.
Honestly, I am amazed at how you and your team were able to implement such a creative and complex project such as Thoreum. What can we expect from to see once all of the Thoreum coins are mined?
Yes, Thoreum is a complex project, we spent many nights making sure that the code is safe and we were able to bring something unique and valuable to the market. We didn’t want to get lost in the crowd of defi, and to that end we have one simple goal in mind and we say it without a shadow of a doubt in our minds – We intend to make our long-term holders millionaires.
This is a bold claim, we are aware, we do not take it lightly, the processes and procedures being implemented are being done so not to benefit short term investors, we are only interested in our long-term holders and will do what is necessary to achieve our goals for them.
We have already demonstrated the power of THOR and THORS THUNDER its infinite ability to convert short term negativity into long term stability and growth, its ability to assert and defend higher and higher price plateaus.
Currently we are only seeing the power of THOR THUNDER in its infancy, the numbers are skewed as we will not see true deflation until all the Thoreum is mined. By our current estimates this will take around soonest 40 days with the current speed to latest 6 months depend on amount of Liquidity used for mining.
From that day on, the total supply of Thoreum in circulation will begin to reduce at a rate or 0.5-1% per day. Simple history, as shown in the below graph, shows we can naturally increase the value of each token by 50% per week. That’s right X1.5 per week.
I truly believe that our mission statement to become the world’s number 1 Hyper Deflationary Token is not only possible but inevitable.
Those looking to X100 their funds no longer need to ask if, but only how soon?
Do you have any long-term plans for Thoreum or are you just taking it a day at a time?
As I stated earlier, Thoreum is currently taking up all of my efforts and time at the moment, however with such a strong foundation it would be a shame not to utilise this opportunity to its fullest. Thor after all is not the only mythical deity with extraordinary powers. If Thor is the God of thunder and lightening, I wonder who the God of compounding would be? Which God would be best represented if someone were to personify liquidity? Which God would represent stability? Which God is industrious enough to bridge the biggest expanses in crypto? The hardest part of these questions is deciding which God to assign to each of these projects. I guess we will just have to wait and see.
How much fun is it to wield THORS THUNDER?
Ever since I was a boy, I always wondered what it was like to have super powers, even when and how much THORS releases his THUNDER is calculated by algorithm, but I am the one who push the final button, so I think this is the closest I will ever be and let me tell you…
It feels AWESOME!
All winners will be announced at Thoreum Telegram Channel in the next few days! Click here to join