What is Titano crypto and why is it rising?

Highlights 

• Titano (TITANO) is a protocol that offers auto staking and auto compounding.
• The protocol provides a fixed APY of 102,483%, which is worth a daily return on investment of 1.8999%.
• 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 gathered attention lately as it has completed an audit from Certik, a crypto auditor firm. The audit is complete with eight major and medium findings, from which three already resolved, and the rest five of them will be mitigated with the launch of V2, said Titano in the official blog post. 

Titano has further plans for V2 migration, PLAY's returns etc. Let's understand more about cryptocurrency.

What is Titano (TITANO)?

Titano is a protocol that claims to offer auto staking and auto compounding. The project mentions that the investment made by users starts growing from the time of purchase.

Its finance segment, Titano Finance, aims to transform decentralized finance (DeFi) services with its Titano Autostaking Protocol (TAP).

TAP claims to offer the highest fixed APY by rebasing rewards in 30 minutes and following a simple strategy to buy-hold-earn.

The protocol offers a fixed APY of 102,483%, worth a daily return on investment of 1.8999%.

Also Read: Why is The Sandbox (SAND) crypto gaining attention?

It rewards the users or stakers every 30 minutes, which means 48 times daily. With the 30-minutes rebasing system, the compounding works exponentially; unlike other staking protocols, those rebase the rewards every 8 hours.

Also Read: Why is ShibaDoge (SHIBDOGE) rising today?

Its new TAP based project is Titano P.L.A.Y., where token holders can generate more rewards. 

Under the P.L.A.Y. project, the users can enter with their Titano tokens and play. The protocol announces the winner each week, and most importantly, the principal or the initial deposit remains intact even if one loses. 

Also Read: Why is Polygon (MATIC) crypto rallying?

Data Source: coinmarketcap.com

Also Read: Why is Casper (CSPR) Crypto gaining attention?

TITANO token details:

Its token TITANO is a BEP-20 token used to reward holders with its elastic supply using a positive rebase formula.

TITANO token price rose 6.17% to US$0.1932 at 4:06 am ET, Friday. 

Also Read: What is Wrapped Bitcoin (WBTC) crypto and why is it rising?

Its market capitalization is US$210 million. Its self-reported circulating supply is 1.09 billion TITANO, and its total supply is 835.16 million.

PancakeSwap (V2) is currently the cryptocurrency exchange offering Titano for buying, selling, and trading. 

Also Read: What is Internet Computer (ICP) crypto and why is it rising?

Bottom line

High staking rewards may attract users and investors alike. Still, the risk remains as the crypto market is not adequately regulated, and various scams have happened lately where people have lost their hard-earned money. 

Thus, investors must exercise caution while investing in digital assets.

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