- TiTi Protocol is launching the Ethereum mainnet in the next few weeks.
- IDO will start on May 10th and NFTs will be given to participating users.
- The protocol has completed a $3.5 million financing round as well as 3-rounds of smart contract audits.
Introduction to TiTi Protocol
TiTi Protocol is a decentralized stablecoin that uses “Use-to-Earn” models and prevents bank-run inherently. It has issued two tokens, namely TiUSD, which is its stablecoin, and TiTi, its governance token. The protocol recently completed a financing round of US$3.5 million led by The Spartan Group as well as individual investors including 0xb1 (Fold Finance), Tascha and Nipun (Alpha Venture DAO), and Michael (Fantom). Additionally, it has also gone through 3 rounds of smart contract audits with Slowmist, Hacken and Peckshield.
The mainnet launch is expected to happen in the upcoming weeks and IDO will start on May 10th at https://ido.titi.finance/. All participating users in the IDO will receive exclusive NFTs along with other benefits such as future airdrops.
Financing Round & Audit
Previously, TiTi Protocol announced that it had completed a financing of US$3.5 million led by The Spartan Group with participation from SevenX Ventures, Incuba Alpha, DeFi Alliance, Agnostic Fund, Fourth Revolution Capital (4RCapital), Solidity Venture and other institutions along with individual investors including 0xb1 (Fold Finance), Tascha and Nipun (Alpha Venture DAO) and Michael (Fantom). Furthermore, TiTi Protocol has successfully passed three rounds of smart contract audit by Slowmist , Hacken , Peckshield respectively .
Conclusion h2 >
In summary , TiTi Protocol is an innovative decentralized stablecoin backed by use-to-earn models . It plans to launch its Ethereum mainnet in the upcoming weeks , followed by an IDO on May 10th where exclusive NFTs will be awarded to participants . The protocol has already secured US$3.5 million worth of financing round from multiple venture capitals firms , institutional investors , as well as individual high net worth individuals . Lastly , all their smart contracts have successfully gone through three rounds of security audits .