TiTi Protocol Set to Launch the Ethereum Mainnet on May 16
TiTi Protocol, a crypto-native stablecoin protocol, has announced that it will launch the Ethereum mainnet on May 16. As part of the launch, the protocol will introduce a new decentralized stablecoin called TiUSD. TiTi Protocol is a fully decentralized, multi-asset reserve-backed stablecoin protocol that uses the “Use-to-Earn” paradigm to prevent bank runs. TiUSD is the stablecoin issued by the TiTi protocol while TiTi is the protocol’s governance token.
TiTi Protocol Completes Smart Contract Audit and Financing
In April 2022, TiTi Protocol raised $3.5 million in financing led by The Spartan Group, with participation from SevenX Ventures, Incuba Alpha, DeFi Alliance, Agnostic Fund, Fourth Revolution Capital, Solidity Venture, and other institutions, as well as individual investors like 0xb1, Tascha, and Nipun. The company also completed 3 rounds of smart contract audits by Slowmist, Hacken, and Peckshield.
Mining Strategies and Rewards
After the mainnet launch, there will be yield farming rewards epochs every 28 days. In the first epoch, up to 2 million $TiTi will be given as rewards. Users can choose a mining strategy that earns higher returns according to the level of APY, with different proportions of rewards for each strategy. TiTi rewards for Epoch 1 will start from May 16th – June 13th, with a distribution of 2 million $TiTi during the period.
About TiTi Protocol
TiTi Protocol is a decentralized, 100% collateral-backed, crypto-native stablecoin that offers diversified and decentralized financial services based on the crypto-native stablecoin system and autonomous monetary policy. The company aims to create a fully decentralized multi-asset reserve-backed stablecoin that prevents bank runs and uses “Use-to-Earn” to reward community members.
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About the author - J-S Tremblay
I've been involved in the cryptocurrency world since 2016 and trading since 2019. I started Moon and Lambo in 2021. I'm passionate about crypto and love to share my knowledge. I hate bankers and I hope that cryptocurrency will change the financial world for the better. View full profile...
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