Titano Coin Review: Legit or Scam?

Titano coin has been trending on CoinMarketCap in the last 48 or so. And many potential investors do not know or understand what the token stands for. This Titano coin review was inspired by a question someone asked me on Quora.

We are going to be checking whether Titano coin is legit or whether it is another dressed-up scam like the Squid Game token, waiting to happen. So, if you are like that reader from Quora that requested a Titano review,  if you are curious about Titano, if you are a potential investor just getting to know about the token, or maybe you are already holding Titano coin (this demography is usually very sensitive. Try to read the review with an open mind).

I desire to make new investors (even old investors) understand what they are getting into, so I try to explain crypto in an uncomplicated manner by breaking down crypto terms or whatever developers are trying to say in basic English.  Before we get into the main review, however, we first need to establish an understanding.

“I’m not a banker or a financial expert, I don’t even consider myself a crypto “expert” (whatever that means). I will not be held responsible for your financial decision. Crypto investments, especially meme coin investments are high-risk, high-reward ventures. This article is just a guide, consider it alternative entertainment.”

With that said, let’s go!

Titano Coin’s Website

Titano’s website is neat. You can tell it was put together by a professional. I like the fact it is SSL secure and fully optimized for different device viewports. The description begins with a unique headline.

“The Best Auto-Staking & Auto- Compounding Protocol in Crypto”

For those who are new to crypto investment and Defi protocols. I’ll explain what Auto staking and auto compounding are below.  So you fully understand what the above quote means.

Auto Staking

For you to understand Auto staking, you first have to know what staking is. Staking in crypto is the process of locking up (for a particular period) crypto holdings to obtain rewards or earn interest. Usually, staking is seen as another option to earn when investing in Defi projects. However, with Titano coin and its auto staking feature, that option has been removed. From the second you purchase Titano, you immediately earn Staking Rewards.


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Auto Compounding

Compounding is the process in which an asset’s earnings (in this case titano’s earnings), from either capital gain or interest, are reinvested to generate additional earnings over time. What this means is simple. Gains from auto-staking titano are automatically reinvested to generate even more rewards for investors.

Titano Coin’s website went further to itemize the “BIG” promise. According to the website, Titano offers the Highest Fixed APY – 102,483%. Titano is the first Automatic Staking and Compounding in Your Wallet!, and Titano gets investors  Rewards Every 30 Minutes / 48 Times Daily!

The “fixed” 102,483% APY is just too good to be true in my opinion. For those who do not have any idea what an APY means. An APY is Annual Percentage Yield. APY is the real rate of return earned on an investment, taking into account the effect of compounding interest.

It is this “unbelievable” offer that Titano coin hinges its marketing on. We will be examining the fixed APY in the latter part of this review. Another ‘crazy’ promise is the fact that Titano claims it gets investors’ reward every 30 minutes / 48 times daily.

We find out that Titano is a ‘hyper holders centric token’ (every crypto token is holder centric, fyi). But in my opinion, Titano takes it to another level.

A “how it works section” followed immediately.

1.We get to know that a part of the buy and sell fee feeds the Titano Treasury. While 5% of the trading volume is redirected to the RFV, helping control the Titano staking protocol distribution. RFV (Risk-Free Value) is the amount of funds the treasury guarantees to use for backing $Titano.

2. With steady transactions (buying and selling) on Titano’s ecosystem,  Titano’s treasury inflow is bound to increase in balance. This provides strong backing for $TITANO tokens.

3. Compounds automatically with a treasury-backed currency with intrinsic value. (I didn’t understand this part)

In my opinion, this doesn’t give enough information on how Titano works. It is rather sketchy and terse. For a token with a ‘complex’ utility like Titano, I believe more should have been said. Maybe a more detailed explanation is in the white paper.

Titano Play was introduced. The website summed it to be a sort of game that allows Titano holders to earn even more rewards. It is important to note that Titano’s play hasn’t been launched.

In my opinion, you don’t understand the context of the 102,483.58% APY Titano promise until you get to that point in the website.


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Tokenomics

In the tokenomics, we get to learn that
$TITANO is a BEP-20 token with an elastic supply that rewards holders using a positive rebase formula. Rebase? If my experience as a crypto writer has taught me one thing, that thing should be the fact that rebase tokens should be treated as time bombs. In case you do not know what a rebase token is. With rebase tokens charts don’t mean anything in the grand scheme of things. The only things that matters are the market capitalization and the total supply of the coin.

Investors are charged 13% of their investment on buying Titano. This is how it is broken down. 5% is automatically sent to the liquidity pool. 3% is sent to the treasury which backs the RFV. While 5% is redirected to the RFV which helps sustain and back the staking rewards provided by the positive rebase.

Whenever an investor sells, he/she is charged 18%. This is how  18% tax is broken down. 5% is automatically sent to the liquidity pool. 8% is sent to the treasury which backs the RFV. While 5% is redirected to the RFV which helps sustain and back the staking rewards provided by the positive rebase.

This tax system is high. But, you can excuse the token for that because the whole point behind it is built around taxing investors to reward investors that are ‘holding’.

It is important to note that Titano’s contract is undergoing a Certik audit, which is 85% complete at the moment. Certik is one of the most trusted contract auditing firms in the world. So, this is a good thing because the audit enhances the trust in the Titano token. However, the audit is incomplete.  Solidity finance has also conducted an audit on Titano token. The audit came out satisfactory, however, it exposes the very high risk that this Titano carries. In the solidity finance report, we find out that the developers have an obscene (dangerous) control over the contract. Download the report here and see for yourself.


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White Paper

Titano’s white paper takes a web-based format. Unlike the regular, downloadable pdf (where anyone can download it), Titano token white paper lives on the domain, https://docs.titano.finance/how-is-the-apy-backed. It begins with a project overview. According to the white paper, “Titano is positioned to lead a revolution in Defi with the Titano Autostaking Protocol or TAP, a new financial protocol that makes staking easier, and gives $TITANO token holders the highest stable returns in crypto.” I believe you understand what the above means because it is something we have gone through. And as matter of fact, the whole paper is what we have treated on the website, therefore, I’ll be moving on to analyzing the market cap.

Market Cap and Liquidity Pool

According to Poocoin.app, Titano token’s market cap is $1,872,553,024. This market cap is impressive. For a token that is barely two months old, this market cap is a magnificent fit. it has grown tremendously. It shows a significant number of people are already in this project and holding.

Also, the liquidity pool is estimated to be worth $2,452,101 according to poocoin.app. Again, according to bscscan, 61% of the liquidity pool has been ‘burnt’ while 31% is locked in Unicrypt. This is generally seen as good, however, I have my concerns about the worth of the liquidity pool. For a 1.8+ billion market cap to have just $2.452,101 in its liquidity pool looks funny to me. The liquidity pool is just too low. The number of holders is climbing up. Titano coin currently has 21,160 holders, which is impressive.

Developers Behind Titano

The developers of Titano are unknown. Some people will want to pretend that this is not a big deal by citing Shiba Inu and Bitcoin. But my dear, with the control developers, have on Titano coin, the nature of this coin as a “mitigated” rebase token, and its Ponzi scheme Esque tokenomics? This is a big deal and a red flag.

What investors are saying about Titano Coin

On Reddit, there is a general sense of “although we know this project cannot be trusted, let’s just put what we can afford to lose and see”. Which in my opinion is gambling not investing. But we all know there’s a thin line between the two. This is a link to the screenshot conversation

On YouTube, the token radically divides opinions. It is either you are for or against. No fence-sitting.

Conclusion

After going through everything (almost everything) about this token. I can say that this token operates an unsustainable model, like a pyramid scheme it has no real use-case, it will benefit some ‘early’ people who will become staunch fans that will get in more people to invest (You can see that it doesn’t even have a marketing budget, they know word of mouth will do the work). But at the end of the day, it will crash on folks who came late to the party and life will go on. Think about it, with its function, will this token ever be listed on Centralized exchanges? Thinking of investing in this project requires you to trust the developers (You do not know) completely. That’s why I think the folks that see it as a gamble are right. This is not to discourage you from investing in this token. If you decide to invest in this Titano. Please invest what you can afford to lose.

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3 Comments

  1. You only showed the upper portion of my comment there. The second part was important as well, to show that I don’t actually support the project.

    People in that thread, as you can see, are putting little in it.

    They are not saying they are investing either. It’s like buying a lottery ticket. The money is probably lost, it’s a shit project, but if you don’t mind wasting some money you are not going to miss then there’s no harm in trying.

    It’s not quite the same as you put it.

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