Tuesday, September 26, 2023

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Titano P.L.A.Y. Hack & Can You Really Make 100,000%?

The DAO (Decentralized Autonomous Organization) market has recently been in a giant dip. DAOs across the board are down 90+%, including the original DAO, Olympus. However, in the midst of this crash, Titano—an auto staking protocol with an APY of over 100,000%—has not been affected by the crash, and has even grown to new heights. For example, in the past 3 months, Olympus is down 90% (at the time of writing), however, Titano has gone up 340+% in the past 3 months. 

What is Titano?

Now, before we get into how much we can make with Titano, let’s first learn what this project is and what it’s trying to accomplish. It is important to know what you are investing in, and how this project is different from other projects in the same space. For example, you wouldn’t want to buy a copy-paste DAO that adds no innovation to the DAO space. This is because the DAO space is highly competitive and a plain-old DAO with nothing different from other DAOs won’t stand out to investors. So, what innovation does Titano offer?

First off, Titano brands itself as, “The Best Auto-Staking & Auto-Compounding Protocol in Crypto.” This Titano Auto-Staking Protocol, or TAP, is one of the main reasons why people buy Titano. Most of the time, when you buy a DAO’s coin, you must use gas fees and time to stake the coin on their website to earn their APY, only to struggle to correctly unstake it. With TAP, once you buy Titano’s coin $TITANO, the coin will automatically start staking and compounding in your wallet. Therefore, you don’t have to go through the process of staking and unstaking on a project’s website. This makes Titano a super easy project to dive into.

In addition to Titano’s TAP system, Titano also offers a fixed APY of 102,483.58%, and a daily ROI (Return On Investment) of 1.8999%. This fixed-APY system means that Titano’s APY will never fluctuate or change, it will always stay 102,483.58%. Also, Titano’s rebases are also super fast. Titano’s rebase rewards come every 30 minutes, so you are getting paid 48 times a day. Other DAOs only pay rebases every 8 hours, so Titano’s rebases make a huge difference.

Titano makes money through buying and selling, fees, investments, and taxes. Titano puts the money it makes into a “Treasury,” which is used for paying out its APY, funding future Titano projects, and supporting the RFV. The RFV (Risk Free Value) acts as a base value for Titano, and could be important in the case of a crash in price. 

At the time of writing, Titano’s treasury stands at over $6,000,000 and considering that Titano has been around since late November 2021, they have amassed that amount of money very quickly. 

Titano has also created a new feature called Prize-Linked Accumulating Yield, or P.L.A.Y. for short. P.L.A.Y. is a project that allows Titano holders to enter a contest where you can win rewards. Holders with larger amounts of Titano have a better chance of winning rewards. According to Titano, your Titano coins will stay in your wallet, and you won’t lose any money from entering the contest. P.L.A.Y. is basically an extra way for Titano holders to receive rewards. 

Recently, Titano P.L.A.Y. was hacked and some people in P.L.A.Y. lost money. However, the Titano devs used their own wallets to fully pay back anyone who lost money, which shows that the devs are still actively supporting this project. As of the time of this writing, P.L.A.Y. is currently unavailable until the problem is resolved.

How much you can make with Titano

Finally, the most appealing thing about Titano is its potential ROI based on its APY. According to Titano, for every $1,000 invested, you could potentially earn over $1,000,000 in one year if the price of Titano does not change. Even if the price drops 50%, you could still make hundreds of thousands of dollars a year off of Titano. 

All in all, Titano combines a lot of good things from a lot of projects. Titano is not neatly placed into one sector and while I compare it to DAOs (because it is very similar to DAOs) Titano isn’t actually a DAO. Titano is more of a hybrid project that holds many similarities to a DAO, but also many additions, like Titano’s TAP system and fast rebases. Titano’s roadmap also states that in the future there will be other projects it will offer, such as an NFT collection, an iOS and Android app, and Titano will also allow holders to vote on changes made to the protocol, like a DAO. Titano brings a lot of innovations to the table and it can be very appealing to many people. 

Downsides of Titano

Now, where are the downsides to Titano, because we all know it isn’t always sunshine and rainbows. First off, you could lose money investing in Titano the same way many other DAOs have lost their holders’ money: a crash. As we know, DAOs like Olympus have been down over 90% the past months, and many holders have sold out of Olympus at a loss because of this. However, if the Titano project continues to offer a good APY throughout a crash, you could potentially make your lost money back through the APY. Titano could also turn out to be a rug-pull or scam, since the project is still new and there are many uncertainties about the sustainability with this project.

One thing to look at with Titano is its market cap compared to its treasury value. Because of the DAO crash, we have seen many DAOs become undervalued because their market cap is very low but their treasury, or cash on hand, is still very high. However, with Titano’s massive jump during the DAO crash, it has made Titano overvalued. Titano’s market cap is over $80,000,000 (at the time of writing), but it’s treasury value is only $6,000,000. While one could make the argument that Titano has constantly been paying out and accumulating money, this is still concerning and I wouldn’t be surprised if there was a correction in Titano’s price in the future.

Overall, I advise you to do your own research on Titano, and learn as much as you can, and invest at your own risk. While there are many uncertainties surrounding Titano, there is a potential for this project to make an investor a lot of money. If you like, you can comment your feelings on Titano in the comment section below this article.

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