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Sunday, February 5, 2023

TiTi Protocol Airdrop Review: Connect your Wallet.

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About TiTi Protocol

TiTi Protocol, a multi-asset reserve stablecoin based on decentralized Monopoly Auto Market Maker mechanism. They aims to bring a new type of elastic supply decentralized stablecoin solution to DeFi and Web3 that incorporates the Multi-Assets-Reserve mechanism.

PlatformTotal ValueMax. ParticipantsWebsite
ETHN/AUnlimitedClick Here To Visit
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Step No 1

Register for the TiTi Protocol Airdrop by creating an account.

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Step No 2

Verify your email & log in to your account.

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Step No 3

Take part in the referral program and invite 3 friends.

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Step No 4

Join TiTi Protocol Airdrop on Telegram group & Telegram channel. 

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Step No 5

Follow TiTi Protocol on Twitter & like/share the pinned tweet and tag 3 friends.  

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Step No 6

Like/follow TiTi Protocol Airdrop on Facebook & like/share the pinned post.  

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Step No 7

Submit your details to the TiTi Protocol Airdrop form. 

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Core Terms

M-AMM: Monopoly Auto Market Maker or TiTi’s AMM. The monopoly market maker system means that for certain stocks listed on the exchange, only one designated market maker can be responsible for market making. The typical representative is the expert system of the New York Stock Exchange.

Multi-Assets Reserve: TiUSD is a stablecoin issued backed by asset reserve, ETH, WBTC, DAI etc.

MMF: Market Making Fund, the fund are assets portfolio in contract provide by users for unilateral market making without any limit.

PRV: Protocol Reserve Value, the market Value brought by all TiTi mint. PRV can only be used to buyback TiUSD.

PAV: Protocol Added Value, Protocol accumulated revenue through TiTi trading in all internal TiTi M-AMM.

FR: MMF ratio against TiUSD circulation

RR: PRV ratio against TiUSD circulation

Reorders: An original stabilizing mechanism enables TiUSD peg to $1 effectively

TiTi Protocol System

TiTi-Protocol is a new type of elastic supply decentralized stablecoin protocol based on decentralized Monopoly Auto Market Maker mechanism (M-AMM) and backed by Multi-Assets-Reserve.

TiUSD Stability Mechanism

The core of reserve assets endorsed decentralized stablecoins hinges on the market circulation shall consistently reflect actual market demand. Besides, as a stablecoin pegging to $1, for the most time, the currency price should stay at $1 enhancing the users’ trust. Therefore, the most straightforward idea occur to us:

One Protocol can issue stable assets at a price of no less than $1 and repurchase stable assets at a price of no more than $1. The whole fund obtained from the issuance or sale of assets will be sent to Protocol Reserve Value. The Protocol Reserve Value bears sufficient funds when users redeem or repurchase assets with issued stablecoin. Thus, the protocol can maintain the price at $1 at any time to increase the user’s sense of trust in the Protocol.

TiTi Key Features

1) Open and Transparent: TiTi Protocol is fully realized through smart contracts on the chain, and the mechanism is open and transparent;

2) High capital efficiency: Compared with over-collateralized stablecoins, TiTi Protocol has a higher capital efficiency;

3) Stronger stable capability: TiTi Protocol brings a new type of elastic supply decentralized stablecoin solution that incorporates the Multi-Assets-Reserve mechanism. The stabilization mechanism does not rely too much on the decentralized and is more efficient which ensures that there is sufficient value support behind each TiUSD token;

4) Anti-Volatility risk: By introducing the multi-assets reserve mechanism, the protocol amortizes the risk of individual asset fluctuations, thereby enhancing the risk resistance of the entire system. At the same time, the protocol introduces financial products such as MMF, which creates new game models, to further guarantees the stability of TiUSDi;

5) Scalability: The architecture design of TiTi Protocol is easy to expand by introducing new type of reserve and the governance mechanism can effectively improve the protocol’s risk control ability during expansion process;

Get Testnet Tokens

Land on the TiTi testnet, click “TestNet”, you can get testnet tokens and gas fees.Test token can be claimed every 24 hours.

2. For extra gas, Other Goerli ETH faucets

  • Goerli FAUCET
  • Chain.link ETH faucet

1.Go to https://faucets.chain.link/Goerli and connect with Metamask

2.Enter your address to request test ETH(If unsuccessful, refresh and retry, then check the wallet balance directly)

Tips before battle with other warriors on the testnet

  1. 1.Install Metamask on a browser and follow the setup steps
  2. 2.Metamask, change from “Main Ethereum Network” to “Goerli Test Network”
  3. 3.Get test tokens for free: Mock-USDC and Goerli ETH
  4. 4.Add the token contract address of mUSDC/TiUSD/TiTi to your wallet
  5. 5.Earn TiTi by MMF/LP Mining/Use-to-earn/TiTi-Staking Pool strategy
  6. 6.Improve your ranking by optimizing your strategy of the game

After claiming Mock-USDC, you have two options: exchange TiUSD in Swap or hold Mock-USDC. If you hold USDC, you can do MMF, and you can exchange TiUSD to go to LP Mining.

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Disclaimer

Crypto investments come with high risk and you should always exercise caution when investing in any crypto asset. Investing in crypto carries a high level of risk, and may not be suitable for all investors. Any investment decisions made by you are made at your own risk and we are not responsible for any losses that may occur. Before investing, we recommend you consult a financial advisor to understand the risks and rewards associated with investing in crypto.

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