Thread by @rossboothr

@TitanoFinance is the first automatic staking and compounding cryptocurrency with fixed APY.

Earn 102,483% APY just by holding $TITANO. That's a 9.94% 5-day ROI.

Let's jump into the details with a thread:

Titano Finance is built on the binance smart chain.

The $TITANO token is an elastic auto-stake token that earns holders rewards through a positive rebase formula.

The 102,483% APY seems too good to be true.

Here’s how the protocol is able to operate…

Titano requires an approximately 13% slippage (fee) when buying tokens, and an approximately 18% slippage when selling tokens.

These trading fees are strategically delegated to different aspects of the protocol:

1. Automatic Liquidity Pool (LP) —5% of the buy and sell fees are delegated to sustain the liquidity of the BNB/TITANO pair on PancakeSwap. This ensures the protocol has an ever-increasing collateral value of $TITANO.

2. Risk-Free Value (RFV) — 5% of the buy and sell fees are sent directly to the risk-free value. The RFV helps payout the rebase rewards provided to stakers during each epoch (every 30 minutes).

3. Titano Treasury — 3% of the buy and 8% of the sell fees are directed to the protocol’s treasury. The treasury supports the RFV as needed and funds project/product development for Titano. It also supports the marketing of the protocol.

Here's how to get started...

Titano offers auto-staking and compounding, so the process to start earning $TITANO passively is pretty simple.

If you're new to DeFi, I’d recommend looking into the basics of setting up a wallet, navigating the space safely, and transacting securely.

Here’s a quick walkthrough on getting $TITANO into your wallet:

1. Add the binance smart chain to your MetaMask wallet (or a different crypto wallet).

2. Purchase BNB (Binance coin) on an exchange with your fiat currency. KuCoin or Binance work well.

3. Send the BNB to your MetaMask. Fees should be minimal!

4. Head over to PancakeSwap to make the BNB/TITANO swap.

5. Set your slippage to around 15% (this was the lowest I could get the trade through with). Confirm the swap!

6. You now have $TITANO automatically staking in your wallet. Connect your wallet to titano.finance to see your expected returns.

Let's cover a few of the risks:

A. Inflation — New tokens are constantly minted to pay out rebase rewards. If the tokenomics are not sound, this could lead to a loss in the value of the token.

Titano is currently burning tokens daily to balance out the minting.

B. Owner Control — The protocol has the power to change the mechanics of Titano at a moment's notice. For example, the owner can set trading fees all the way up to 100%, if they choose.

Thus far, Titano has built a promising protocol and community, so a rug pull seems unlikely.

C. Volatility — Titano has seen large price swings over the past couple of months, both up and down. In recent weeks, we’ve seen the price nearly 10x.

It can just as easily go the other way with supply and demand fluctuations.

Titano was also audited by Solidity Finance back in November 2021. They identified no external threats.

That said, they did recommend ensuring trust in the team before getting involved.

Final thoughts...

My advice is no different! Do your own research and due diligence before investing. Hopefully, this can be a solid starting point.

If you found this helpful, like and retweet so it can reach others.

You can also follow me @rossboothr. Happy investing!

#titano #DeFi #crypto