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What is Titano crypto and where can you buy it?

What is Titano crypto and where can you buy it?

Titano crypto is one of many cryptos that enables staking and earning passive income. Sounds great. Let’s take a look at what the Titano protocol represents.

What is a Titano token?

TITANO is a BEP-20 token (launched on Binance Smart Chain) with an elastic supply, i.e. tokens can be issued or destroyed to maintain a certain tokenomic. It is also a rebase token, i.e. the value of TITANO is regulated by an algorithm and not by supply and demand.

Rebase tokens don’t get good press, as often their value goes up while the number of tokens you have purchased goes down. So their growth is not reflected in your portfolio.

Titano is also an auto staking protocol that reinvests your earnings from staking. With this process, the project promises gains of 102,000% per year. 

It has recently completed the audit from Certik, a crypto auditor firm.

If one knows about compound interest and its benefits, one can never ignore the avenues offering such features.

In the crypto world, the feature of earning compound interest is called Annual Percentage Yield (APY). Titano (TITANO) claims to be one such auto-compounding protocol in the crypto ecosystem.

Titano’s price at this moment is at $ 0.0000153, and the Titano market cap is unknown.

The circulating supply of Titano can contract or expand as a result of changes in the token’s price. This contraction or expansion is achieved through a process called rebasing. 

During a rebasing event, the token’s supply is adjusted algorithmically, depending on its current price. The TAP of Titano is designed to take advantage of a favourable rebasing formula that aims to increase the token supply, allowing TITANO holders to grow their holdings continuously, similar to a traditional staking protocol.

Auto staking with Titano crypto

Staking operates on the consensus mechanism called Proof of Stake (PoS). The process varies across different blockchains, and it’s important to note that not all tokens can be staked.

To delve deeper into the process, the staker (also known as the user) must possess and lock a specific number of tokens in order to be eligible for staking rewards. The more tokens they immobilize, the greater their chances of receiving significant rewards.

The blockchain deems stakers with the highest stakes to be the most trustworthy. To prevent the system from revolving solely around the same validators, these validators are randomly selected through a dedicated algorithm.

Note that even when the assets are immobilized, they remain the property of the staker. However, he cannot use them to make transactions or transfer them to another wallet.

Tytano crypto allows for earning money with interest

When you choose to stake Titano crypto, or any other crypto-asset, you must immobilize the tokens. The longer you hold said tokens for a longer or shorter period, the higher the interest rate you will receive.

In addition, you increase your chances of growing your holdings if the value of the crypto asset increases during the lock-in period. Indeed, you will be able to continue to receive the winnings while ensuring that your stakes increase in value during the period of detention.

Thanks to compound interest, based on a fairly simple principle, the profit received in turn produces interest over time. The more interest reinjected, the higher the gains will be. With staking, it is possible to generate passive income with the winnings. If you wish to increase your income in this way, consider reinvesting the earnings in order to boost your assets over time.

You can stake Titano with an APR of 102,483%, worth a daily ROI of 1.8999%.

Users or stakers are granted rewards every half an hour, totaling 48 times a day. The compounding effect grows exponentially due to the 30-minute rebasing system, setting it apart from other staking protocols that rebase rewards every 8 hours.

Benefits for Titano crypto stakers

Benefits for holders of the cryptocurrency Titano include enhanced security and ease of use. The platform aims to provide automatic staking directly in the trader’s wallet, eliminating the need to transfer tokens to the website. 

Unlike other DeFi protocols, which offer fluctuating annual percentage yields (APYs) that are unpredictable, Titano guarantees a fixed APY. 

The platform claims to offer holders a fixed yield rate of 102,483.58% annually and 1.8999% daily, ensuring consistent returns on their investment. Additionally, Titano’s auto-staking protocol provides quick rebase rewards, with rebasing rewards being distributed every 30 minutes or a total of 48 times a day, surpassing the frequency of well-known staking protocols that distribute rewards every 8 hours.

Where can you buy Titano crypto?

The most prominent exchanges such as Binace and Coinbase don’t have it listed. But TITANO token is available on Titano Swych DEX. In addition, the PancakeSwap exchange platform is the best option for buying, selling and trading TITANO crypto coins, as of April 2022. You can also purchase Titano with another crypto, you’ll need to first create a crypto wallet that supports Titano, then you’ll buy the first currency and use it to buy Titano on the platform you chose. If you get stuck, most platforms provide guides.

 

The post What is Titano crypto and where can you buy it? appeared first on FinanceBrokerage.

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