Alongside the high fixed APY, Titano Finance now launched the P.L.A.Y. feature, and TITANO token holders can presently experience another great development to win some significant rewards. Furthermore, Titano Finance, with a recent AMA stream on the official YouTube channel, announced some significant changes within the ecosystem, which were really appreciated by the token holders, including me, being one of the Titans who Hodled hard. Also, I am pretty satisfied taking this decision to hold, because the team behind the project delivers what they pledged, and they deliver even better than this, with the recent statements made. Check out my full Titano P.L.A.Y. blog post to find out about the major changes within the Titano Finance ecosystem, what is Titano P.L.A.Y., and how to use the Titano P.L.A.Y. earning feature.
What is Titano P.L.A.Y.?
Titano Prized Linked Accumulating Yield Project – P.L.A.Y. in short, is an easy competition for the TITANO token holders, in which users can enter by depositing any number of tokens to participate in a no loss lottery system. This Titano lottery system follows the PLSA – Prized Linked Savings Account, which is used in multiple worldwide countries and it is known by various names. This Prized Linked Savings Account lottery system is mainly known in the United States of America, where it is mostly used in numerous states, and offers winnings at chance, just like in a conventional lottery system, but without the loss of funds on tickets.
Titano P.L.A.Y. feature follows this PLSA system, but using the TAP – Titano Auto-Staking Protocol, users of this lottery system will still gain staking rewards when participating in the Titano P.L.A.Y. tournament. The staking rewards will not be as high as just holding your TITANO tokens for auto-staking, but P.L.A.Y. is still a good characteristic of the Titano Finance project, because the prizes can be quite substantial, and chances to win are also pretty high. For example, in the first round I placed 10000 TITANO tokens in P.L.A.Y., and close to the end of the competition period I have one chance to win from approximately 840. In the second round with the same number of tokens, I have one chance from approximately 280. To mention that in the first round there were three winners, but with the start of the second round, the number of winners increased to 10. Therefore, chances to win become higher, and the total prize is accumulating at a high rate.
Every round of the P.L.A.Y. contest has a duration of three days, a period in which the total prize accumulates using TITANO rebase rewards, and the total amount of the prizes depends on how many tokens are deposited in the pool. For example, in the first round of the contest, the grand prize was $67,479, an amount which was divided in three, making three titans richer with more than $22,000. Sadly, I was not one of these three, but I gained almost 300 tokens as staking rewards.
If you are one of the users of Titano P.L.A.Y., note that staking rewards don’t appear in the dashboard because of some minor glitch, but the rewards are there and you simply have to claim the tokens. Once you claim these TITANO tokens, the amount earned will arrive into your crypto wallet in the matter of seconds. Also, note that you need to have some BNB for the transaction fees.
How to use Titano P.L.A.Y.?
Firstly, interested persons who desire to take part in this NO LOSS Titano lottery system need to hold TITANO tokens, which can be traded on the decentralized exchanges Pancakeswap and BogSwap. See here my first Titano blog post to discover how to buy Titano on Pancakeswap, with the observation that now TITANO can also be traded on BogSwap, which has an AutoTax feature, making Titano trading easier.
Once the tokens are ready in the crypto wallet, to deposit TITANO in P.L.A.Y. is fairly uncomplicated, and the users just need to connect their crypto wallet with the Titano Finance platform. Once connected, the P.L.A.Y. option is listed in the main menu from the new Titano V2 app on the official website, and here everybody can deposit any amount of funds. For example, I deposited 10000 TITANO tokens in P.L.A.Y. using my Metamask wallet, and I also left approximately 4800 TITANO into my wallet to take advantage of the high TAP APY and to win rebase rewards every 30 minutes.
If anybody uses the mobile devices with the mobile version of the Metamask wallet, it is better to access the Titano app directly from the in-wallet browser, for a better connection with the website. Also, an important aspect to mention is that the prize winners are randomly selected using an RNG smart contract – Random Number Generator, and from now on, there will be 10 Titano winners instead of three.
The deposited TITANO tokens in P.L.A.Y. will have an early exit fee if they are withdrawn in less than 10 days. Therefore, if you will withdraw the tokens in the first day, you will receive a number of tokens with 10% less than the initial deposited amount. These fairness fees will decrease every day with 1%, and descend to zero once the 10 days period is over. I took the decision to leave my 10000 tokens in Titano P.L.A.Y. for a long time to have some decent chances into winning, and let the remaining amount auto-compound. Moreover, every three days I will withdraw my earned tokens from P.L.A.Y. and put them to work for the rebase rewards.
Major changes within the Titano Finance ecosystem
During the YouTube AMA, the Titano Finance team made some big announcements, which were heavily appreciated by the Titano community. So, here are the most important updates discussed on the AMA with one of the team members:
- The token mint function removed from the Titano contract. In this way, the Titano Finance team will not be able to mint a big number of tokens and then dump them on the market. I know that this was a big concern regarding this project, and many believed that Titano was a rug pull. I have made my first investment and hodled strong, but as I said in my previous blog post, I am still willing to lose this amount of money. Anyway, so far, Titano Finance confirms that it is a great blockchain project, and the team sticks with the Titano vision, delivering great innovations for the community;
- The token rescue function removed. Titano contract had a rescue function for the tokens sent at a wrong address, for example to the contract address, and using this function, the team could withdraw those tokens and send them to the correct address. But this rescue function also raised some red flags, because using it, the team could remove tokens from the Treasury or the RFV wallet. Therefore, the team announced that this function will also be removed;
- With an upgrade of the contract, the Titano buy and sell fees cannot be higher than the current rates. As you might know, Titano has 13% buying fee and 18% selling fee, and with the original contract, the Titano team could raise these fees to 100%. But with this new contract upgrade, the fees cannot be higher than these rates. The fees can be lower, but never higher;
- Introducing the Multisig wallets. The Titano Treasury and RFV were single signature wallets, but the team announced that these wallets will become Multisig wallets. In this way, improving the security with an increased number of failure points, because a multisig wallet requires multiple private keys to sign and send transactions;
As the users of Titano Finance might know, the Certik audit is not yet completed, but the team assures that it will be done after the Titano contract will be upgraded with all the above specified changes.
So far, Titano Finance seems to be a great blockchain project, and I am pretty happy that I took the decision to invest in it. It is one of my best decisions that I lately took regarding the crypto investments. Moreover, with these changes in the Titano contract and with the future roadmap in developing a mobile app, NFTs and a Metaverse, I think Titano token has a huge potential in reaching all new all-time highs. Keep in mind that this is only my personal opinion, and everybody should do their own research before investing in any blockchain project or cryptocurrency.
Titano P.L.A.Y. is another great innovation from the Titano Finance project, which can bring some high rewards to the holders, without losing anything. Moreover, the P.L.A.Y. users who deposit Titano tokens will still receive staking rewards. So, regarding this aspect, Titano P.L.A.Y. appears to be an only-win lottery system.
The development is great within the Titano Finance ecosystem, and I think that Titano brings notable innovations for blockchain and cryptocurrency technology, and these come with substantial rewards for the token holders.
There is a lot more to write about the Titano Finance blockchain project, but for today that is it from me. I only want to wish good luck for 9 of the Titano P.L.A.Y. users, because I will be one of the 10 winners. Just joking my awesome readers, GOOD LUCK to you all Titans.
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This post about the Titano Finance P.L.A.Y. project and the changes to come within the Titano ecosystem is intended for informational purposes only. Therefore, the views expressed in this document are not, and should not, be construed as investment advice or recommendations. Readers of this document should do their own research, taking into account their specific financial circumstances. Also, the investment objectives and risk tolerance before investing. This document is not an offer, nor the solicitation of an offer, to invest, buy or sell any of the assets mentioned herein.
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