Breaking News
Investing Pro 0
NEW! Get Actionable Insights with InvestingPro+ Try 7 Days Free

Titano Finance is Breaking Ground with Their Own Decentralised Exchange

Cryptocurrency Apr 05, 2022 08:00AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
Titano Finance is Breaking Ground with Their Own Decentralised Exchange

A look at the major benefits for DeFi projects in developing their own DEX.
Titano Finance continues to reach significant milestones. The innovative auto-staking protocol on BSC, with a fixed 102%k APY now has over 75,000 wallet holders, a market cap has over $250 million, and a successful audit by Certik, cryptocurrency’s top auditing firm.

So what’s next for Titano, one of DeFi’s hottest projects? In April 2022, they are taking the bold step of launching its own decentralized exchange, or DEX for short. This news has been very well received by the Titano community, but those new to DeFi may question why this step is necessary? Why would Titano replace Pancake Swap, the default DEX on Binance Smart Chain? The answer is multifaceted and concerns revenue, deflation and liquidity.

Today, Titano's sole source of revenue is from a 13% tax on Titano token purchases and an 18% tax on Titano token sales. These taxes enable the protocol to capture significant funds used to pay expenses, reward token holders, and further develop the project. These fees are collected by Pancake Swap that charges fees.

Pancake Swap takes a 0.08% fee on every Titano token transaction, which seems small, but over the past four months, Pancake Swap has made more than $2 million in fees from facilitating Titano trades. A staggering amount to be sure.

An additional issue is what happens with those fees. Pancake Swap accumulates Titano tokens, holds and earns interest from them, and then sells them on the open market at random times. These sells cause noticeable price fluctuations for the Titano token, which can unsettle some investors. By creating their own DEX, Titano will capture significant income and remove the uncertainty from Pancake Swap sell-offs.

Launching a DEX isn't just about making additional income from fees however. A problem with having a fixed 102k% APY is that over the long term, there is high token inflation. Titano tackles this partly with weekly token burns that have amounted to more than $250 million of burned Titano. Once the new DEX is launched, the team will burn a percentage of all fees from transactions. This will reduce inflation and help to stabilise the circulating token supply, bringing significant value to all holders.

Estimated revenue from the new DEX, is over $1 million a month, with additional revenue projected from having other projects move their liquidity to the DEX. If the team can onboard just 10 projects with similar volume to Titano, it would generate $10 million a month in fees alone. Other benefits include the visibility the DEX provides Titano and a confirmation that the project is seriously focused on long term sustainability.

There is also a benefit to owning your own liquidity. Doing so gives the project more control of key elements of your project. This includes opening up new direct swap options to reduce fees, reducing LP token reward rates to give individuals better pricing, and several other beneficial options that can help the project provide additional benefits to token holders and partners. These options can also be used to encourage other projects to make the change to Titano’s DEX.

Additionally, building its own DEX helps with security and ease of use. When an investor must utilize various websites and protocols to buy or sell a token, each step is a security risk potentially exposing the investor to malicious actors. The DEX allows Titano to keep investors within their own ecosystem that is safe and secure. It is also less cumbersome for investors.

On a related note, Binance has recently announced that it is working to integrate with more Dapps built on the Binance Smart Chain and Titano has plans to approach Binance to integrate the DEX natively with Binance’s app and website. This would introduce them to Titano economy where they can earn life changing yields. When you consider all of the amazing benefits Titano gains by building its own DEX, it becomes obvious why this is a major positive step for the project.

With the DEX’s imminent release, the Titano team has decided to delay the implementation of the Certik changes and the launch of the V2 token. The migration, contract changes, and the DEX will be launched simultaneously within the month. And to add to their list of new and exciting use cases in April, Titano we will reintroduce Titano PLAY, and new projects including DeFi’s biggest lottery. The Titano NFTs and new yet to be announced partnerships will soon follow.

The Titan DEX release represents a new stage in the growth of Titano. It promises to give the project a long list of benefits to solidify its position as a leader in the DeFi space.

Continue reading on BTC Peers

Titano Finance is Breaking Ground with Their Own Decentralised Exchange
 

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Comments (13)
Jonas Kuhn
Jonas Kuhn Apr 07, 2022 7:35PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Not convinced on LP being a major issue right now. Lots of whales turned large profits already and the dent was very minimal. Sure the DEX invites some new risks but the advantages are significant - transaction fees will be burnt which combats inflation, and no PCS dump swinging price anymore. So far they've built a platform that people want to be a part of so, it's a good time for it, despite crypto market in general still down in a slow recovery. Titano should be on everyone's radar.
Technical Long
Technical Long Apr 05, 2022 5:51PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Ooh Dear Mathematic Lord, thanks for the blessings of those zero and one's. This is awesome.
Rob Wakeley
Rob Wakeley Apr 05, 2022 2:18PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
They better get this going fast. They only have an $8M LP pool and their top wallets hold way more than $8M in tokens. In May, when their token rebase begins happening EXPONENTIALLY and people start taking their gains I and others expect the token price to collapse as the LP is drained, panic selling sets in and kills it. Fingers crossed the solve their issues though.
David Carter
David Carter Apr 05, 2022 11:00AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Such an exciting time to be involved in this.
Rob Wakeley
Rob Wakeley Apr 05, 2022 11:00AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Even more so in May when supply really begins its exponential growth. With only an $8M LP at current I expect total collapse in the system as people in the know start selling, causing LP drain that spooks the rest into dumping. Fingers crossed their v2 fixes their glaring issues.
Ben Levey
Ben Levey Apr 05, 2022 10:56AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Titano is a Game changer and can't wait for the Dex! An investors dream!
Ohad Nezer
Ohad Nezer Apr 05, 2022 10:34AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Excited about this new phase in Titano's growth!
Blue Blue
Blue Blue Apr 05, 2022 10:26AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Best project ever. Devs are best, transparent, strong community support. More and more holders every day.
Seb King
Seb King Apr 05, 2022 10:19AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
This is going to be such a solid cornerstone of the ecosystem around which lots of use cases can be built. It's a great move for the treasure, price and a move away from being inflationary to deflationary. A great time to be invested in the project.
Blue Blue
Blue Blue Apr 05, 2022 10:19AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
I agree 100%
Blue Blue
Blue Blue Apr 05, 2022 10:18AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
AMA Recap - Titano’s own DEX: Meaning we can buy and sell through our own exchange, which also opens the doors to many new projects and opportunities. - PLAY Return: The return of the fan favorite PLAY, with even more winners than before improved security - Lottery: Like a lottery in the traditional sense, you can use your tokens to purchase tickets for a chance at a MEGA prize. Less winners, but bigger rewards - NFT’s: A whole new NFT world for Titano, introducing exciting designs and utility. - Partnerships: The team is working hard on making exciting new partners in the DeFi space to grow and expand even further.
Demetrius Kilgore
Demetrius Kilgore Apr 05, 2022 10:18AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
😎😎😎😎😎😎😎
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
or
Sign up with Email