Altcoins Talks - Cryptocurrency Forum
Learning & News => Announcements [ANN] => Tokens/Coins Offerings (ICO, IEO, etc.) => Topic started by: Goli on August 01, 2022, 08:50:46 AM
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In the past two months, many changes have taken place in the stablecoin market. The former UST has fallen, and new stablecoins have been born. Among them, TiTi Protocol is a decentralized stablecoin project that I am more optimistic about.
A brief introduction to TiTi Protocol
TiTi Protocol is a fully decentralized, multi-asset reserve-backed, use-to-earn decentralized
algorithmic stablecoin that aims to provide diversified and decentralized financial services based on the crypto-native stablecoin system and autonomous monetary policy.
New stablecoin issuance paradigm, TiTi-AMMs, greatly boost stablecoin onchain liquidity, increase capital efficiency and free from impermanent loss.
Multi-asset Reserve ensures stability and raises the upper limit for the issuance size.
The Reorders can cohesively make TiUSD pegging to $1 via reshape liquidity pairs value.
Use-to-earn, the first ever stablecoin tokenomic design that will tremendously boost algorithmic stablecoin user adoption.
Who is backing TiTi?
TiTi has successfully closed a fundraising round of $3.5 million, led by Spartan Group, with participation from SevenX Ventures, Incuba Alpha, DeFi Alliance, Agnostic Fund, Fourth Revolution Capital (4RCapital), Solidity Venture, and other institutions, as well as other individual investors including 0xb1 (Fold Finance), Tascha and Nipun (Alpha Venture DAO), and Michael (Fantom). The project was incubated by Alpha Venture DAO. With this latest funding, TiTi Protocol aims to work with world-class investors to build the future of DeFi.
In addition, the testnet of TiTi Protocol has also started.
Time: August 1st - August 29th
Prize Pool: $17,000
On the testnet, everyone can receive 1,000 USDC test token every day, and earn TiTi through the mechanism of TiTi Protocol. Finally, the ranking is based on the number of TiTi held, and the higher the ranking, the higher the bonus.
In addition, the TiTi test network will randomly select 20 lucky winners every day to give out $10 rewards. As long as they participate, they will have the opportunity to get rewards.
TiTi Protocol has a perfect mechanism, high transparency, security and stability, and the testnet can learn about a project at a low cost, and interested partners can learn about it.