Frequently Asked Questions
0 - What Makes Titano Special and Different from other DeFi Projects? 0' - Titano is a new protocol that attempts to create a new decentralized model in DeFi. The TAP protocol places the value the project generates into the wallets of Titano holders rather than building a large treasury. This approach provides value immediately for token holders and creates an engaged community interested in seeing the project continue to thrive. Our goal is to leverage the community as one cohesive and focused unit to build wealth and power for the community. This is a new concept in DeFi and we believe it will set a new standard or the industry. Currently it has made Titano one of the hottest projects in the DeFi space. 1 – How does the Rebase work?
1’ – The Rebase operation allows tokens to work in a way that the circulating supply expands or contracts due to changes in token price. This increase or decrease in supply works with a mechanism called rebasing. Titano uses a Positive Rebase formula which increases the $TITANO supply of each holder.
2 – How to Stake
2’ – Titano has created an innovative AutoStaking token which provides users a simpler way to receive staking rewards. Simply hold $TITANO in your wallet and you will automatically receive staking rewards.
3 - How do I get my Rebase rewards?
3’ – The Rebase rewards, in simple terms, are the staking rewards. You are entitled to receive Rebase Rewards just by holding $TITANO in your wallet.
4 – Where can I buy $TITANO tokens?
4’ – The $TITANO token is available on Titano Swych DEX.
5’ – There are two different Slippages which can be used for trading $TITANO:
1 | When you wish to buy, you will need to put the slippage at least at 13%.
2 | When you wish to sell, you will need to put the slippage at least at 18%.
You might need to add higher slippage during times when there are lots of buys and sells of Titano but you should only ever incur the same buy and sell fees as mentioned above.
6 – Is there a Max Supply of $TITANO?
6’ $TITANO is a token with elastic supply and there are no standards for its quantity. $TITANO does not have a Maximum Supply.
7 – When does the Rebase occur?
7’ – The Rebase occurs every 30 minutes and it distribute 0.03958% of the circulating supply as S7’ – The Rebase occurs every 30 minutes and it distributes 0.03958% of the tokens in your wallet as staking rewards to $TITANO holders. In order to track the next Rebase, a holder can check the timer on the Titano staking dashboard.
8 - Is the Team KYC’d or Doxed?
8' - The team is not KYC’d or Doxxed, with no current plans to do so. This is for a few reasons including security, but the main being that we want Titano to be known for the project itself. We don’t want people to rally around us, we want you to rally around Titano as a whole. 9 – How is the APY Sustained?
9’ – Titano uses buy and sell taxes in order to sustain its fixed (static) APY. This means we will never lower or raise the APY of the project. When users buy Titano, 13% of their purchase goes towards the protocol, when they sell, 18% goes to the protocol as well. This is one of the main ways we achieve and sustain the APY, thus the reason why you need to pay this tax. We also have other utilities like Titano PLAY, which takes pressure off the APY. We also do weekly burns of .475% of the total token supply to control inflation. More features are in the work to help sustain the project by lowering inflation and creating additional revenue for the project.
10 – Is Titano Audited?
11 – Titano token migration?
11’ – You heard right, Titano will be migrating to a new smart contract soon (no set date yet). During our audit with Certik, along with community feedback, we have addressed security concerns and removed some features some thought to be as “FUD”. These removed features include, the ability to change buy and sell fees, the ability to whitelist/blacklist wallets, and the rescue token feature. We have also added multi-sig to our Treasury and RFV, and improved the Titano contract security. This migration will be easy and manual, all info will be posted once we are ready to do so.
12 – How are We Handling Inflation?
12’ – We here at Titano realize that with such a high APY, inflation is a question that is raised a lot. To counter inflation we have utilities, such as Titano PLAY, to release stress on the standard TAP protocol. Other features and partnerships are also in the work to help reduce inflation like the upcoming Lottery and TITANO E-NFTs.
13 – Is Titano a DAO/OHM FORK?
13’ – Titano is NOT a DAO, we are instead an entirely new type of protocol. Rather than bonding, Titano uses buy and sell fees of 13 and 18 percent respectively, in order to sustain its APY. We also will never lower the APY of the project. Another big benefit of Titano is its auto-staking capability, in which you do not need to traditionally stake your coins anywhere. Instead, the second you buy Titano, all you have to do is sit back and watch your wallet accumulate more every 30 minutes.
14 – What will we do with the Treasury?
14’ – The treasury functions as an additional financial support for the RFV. This additional support can become important in the event of an extreme price drop off of the $TITANO token. The treasury is also used to fund new Titano products, services, and projects that will expand and build up the TAP use cases and the Titano economy.
15 –Titano’s Utility Plans?
15’ – We plan on expanding the Titano ecosystem by adding new features and partnerships along the way. One new feature, Titano PLAY, has been introduced already. Allowing users to enter their tokens for a risk free chance of winning big jackpots. Other features coming soon include the Titano NFT’s, Mobile App, Cross-chain, Merchandise, and so much more. To execute our vision, we need lots of utilities, so our agenda is not to try and build everything in-house but also to engage in partnerships allowing us to create lots of utilities fast.
16 –Slippage vs Tax?
16’ – As you know already, Titano has a 13% and 18% fee for buying and selling. However, when attempting to buy or sell through an exchange, the fees, or slippage, may be higher. This is because that although Titano only charges a flat fixed fee, the exchange also requires a fee. The slippage accommodates the price movement due to the level of liquidity in the pool. The exchange will always get a fixed percentage of the price paid. When the price movement is higher, the amount paid to the exchange may increase.