Hello, We had an AMA with Titan Swap on March 25, 2022. For those of you who are late to follow or watch, you can read the following AMA recap.
Guest
TitanSwap Team
Moderator
Ahmad Rifai
Online participant
1870
Live Question
451
Segments:
- Introduction
- Twitter Questions
- Live Questions
Introduction
Cryptofun:
Welcome guys today we will start our AMA with Titan Swap
Titan:
Hello, I'm the representative of TitanSwap community
I'm glad to be here
Cryptofun:
Nice. Ok let s go start for segment 1. Moderator segmentNice. Ok let s go start for segment 1. Moderator segment
Q1: Can you introduce the Titan project to our community?
Titan:
TitanSwap is a DeFi project that combines the features of the predecessor in the decentralized finance ecosystem, wishing to provide new millennials and Z-generations with completely self-controlling financial products. With a small number of digital assets and little understanding of the complex on-chain transactions and advanced financial knowledge, users can participate in the project.
In light of Uniswap and other DEX products’ success, TITAN integrates automated order execution features such as AMM, aggregated trading, limit orders, etc., and is also synchronizing innovations such as cross-chain asset exchange and improvements to the AMM market-making mechanism. TitanSwap proposes many optimizations and innovative ideas from the perspectives of both the traders and the liquidity providers, which can be considered as the advanced version of Uniswap.
Cryptofun:
Q2: What elements does it consist of?
Titan:
TITAN mainly consists of the following two parts.
• TITAN Swap: A DEX based on the automatic market maker (AMM) mechanism, which gives its users the possibility of a one-stop cross-chain asset exchange based on new features.
• TITAN DAO: A decentralized community organization with TITAN being the governance token of TITAN DAO which has the proposal and voting rights that will jointly determine the future of TitanSwap.
Cryptofun:
Q3: What are the unique features of this project?
Titan:
• TITAN Automated Order：It is an AMM-based automated order mechanism that can automatically execute the orders in the order of the queue when the order reaches the predetermined execution price. It is also able to provide arbitrageurs with automated tools and improve the AMM price formation mechanism.
• TITAN Smart Route：TITAN's order cross-chain intelligent routing, which realizes the automatic selection of multiple main chain liquidity pools. It supports more trading pairs and lower slippage.
• TITAN Address Audit：Audit and provide a List based on Reputation to avoid scam coins, it's also a clarion call for quality projects.
• TITAN Adaptive Bonding Curve：It can achieve a perfect combination of greater liquidity and better price discovery mechanism for different asset types according to volatility.
• TITAN Layer2 Support：Layer2 protocol was used before ETH2.0 to greatly improve the efficiency of on-chain clearing and settlement, and effectively reduce Gas consumption.
Cryptofun:
Q4: Can you tell us, What is Titan Swap and what is it aimed at?
Titan:
The goal of TitanSwap is a cross-chain swap.
From the perspective of traders, TitanSwap is committed to providing lower slippage, faster transaction speed, more comprehensive transaction data, richer order types, and cross-chain asset swaps, while not losing any features of DEX. This is also our original intention to design TitanSwap.
From the perspective of liquidity providers, we are committed to minimizing the risk of impermanent losses, greatly reducing the technical threshold of market makers, enhancing the ability to resist risks and improving market efficiency.
In short, TitanSwap is a liquid mining DEX that supports multi-chain asset swaps. These goals have contributed to some of the improvements we mentioned before, such as TITAN Adaptive Bonding Curve, TITAN Smart Route, and TITAN Layer2 Support. Moreover, users can be a part of our system.
Cryptofun:
Q5: What is the difference between Titan Swap and other DEXs?
Titan:
TitanSwap has inherited some of the advantages of the previous DEX, such as Uniswap’s fixed product mechanism AMM. We believe that AMM will still be the mainstream market-making mechanism of DEX in the future. On this basis, we are implementing the TITAN Adaptive Bonding Curve.
The previous Curve and Bancor also gave us some inspiration in this regard, but we think we can achieve better. Why not dynamically adjust the Bonding Curve in conjunction with the volatility forecast in the financial sector? In CEX, when the market fluctuates sharply, the market maker will withdraw part of the limit order to protect itself. Now we are verifying VPIN (The Volume Synchronized Probability of. INformed Trading）to predict volatility and dynamically adjust the bonding curve. The implementation of on-chain contracts brings some challenges, but it is still a direction worth exploring.
Similar to our use of TITAN Smart Route to realize the automatic selection of Uniswap, Sushiswap, TitanSwap liquidity pools, 1inch is a successful aggregation attempt and supports a wider range of liquidity pools, but we have combined TITAN Automated Order and aggregation functions to play a more important role in some interesting scenarios. Of course, in the future, we will combine the liquidity pools of different main chains to further develop this feature.
These innovations or uniqueness will also be open-source, just like Uniswap, 1inch, bancor, and curve inspired us, we also wish to change the world, and we hope you can benefit from us and then give back to the community.
Cryptofun:
Q6: How users would benefit from your project?
Titan:
Titan expects to build an ecosystem, which is why TITAN DAO is in such an important position. This ecology includes decentralized traders, liquidity providers, and platform builders. Their interests are tied together because the rules are jointly formulated.
For example, TitanSwap is a one-stop cross-chain asset swap, which automates the entire process through cross-chain assets, greatly reducing the user’s operating costs and at the same time reduces intermediate transaction costs. This is the benefit that traders will get. Traders will give priority to voting to implement features such as Titan Smart Route and Layer2 support. The income of liquidity providers is also tightly tied to the transaction fees of traders, and we can foresee that feature development is also welcomed by liquidity providers.
Similarly, TITAN Adaptive Bonding Curve directly helps reduce the risk of liquidity providers, thereby attracting more liquidity, and further reducing the slippage of traders. This binding relationship is long-term rather than based on short-term economic incentives.
Cryptofun:
Q7: What is your advantage over other projects? Is it from a security standpoint or technology do you use? Or are there other advantages? What makes you believe that your project is worth choosing?
Titan:
TitanSwap can be said to be a collection of Swap products at present. On the one hand, this is reflected in the application of the latest technology, such as Smart Route, Automated Order, Adaptive Bonding Curve, Layer2 protocol applications, cross-chain protocol applications; on the other hand, it is reflected in the high importance attached to the user, such as the construction of DAO community, the convenience of transaction operation, user-friendly features, the application of the DAO community. Trading slippage attention, extreme attention to detail.
SESSION 2: TWITTER QUESTIONS
Cryptofun:
Great. A lot information we get from segment 1 but we will get more information from next segment.
Q1. From : arrahman993
In the end what is your vision? What is Titanswap trying to achieve in the long term, and how do you plan to get there? How will you make a difference in the world?
Titan:
The goal of TitanSwap is a cross-chain swap.In short, TitanSwap is a liquid mining DEX that supports multi-chain asset swaps. These goals have contributed to some of the improvements we mentioned before, such as TITAN Adaptive Bonding Curve, TITAN Smart Route, and TITAN Layer2 Support. Moreover, users can be a part of our system.
Titan expects to build an ecosystem, which is why TITAN DAO is in such an important position. This ecology includes decentralized traders, liquidity providers, and platform builders. Their interests are tied together because the rules are jointly formulated.
Cryptofun:
Q2. From : lord_azz536
What strategies does Titanswap have to attract non-crypto users? If they are not familiar with crypto payment, is there any solution offered by Titanswap?
Titan:
The experience of DEX users is still very different from that of CEX. Users who are familiar with traditional financial market trading or digital currency centralized exchanges may have a learning curve when they start using a decentralized exchange.
We will integrate the products now available on the market to simplify the operation as much as possible and provide good operational guidance.
Cryptofun:
Q3. From : 123Kudus
What makes you believe that Titanswap will develop and live long? where we know so much project just give promise and then their development get stuck.
Titan:
TITAN Adaptive Bonding Curve directly helps reduce the risk of liquidity providers, thereby attracting more liquidity, and further reducing the slippage of traders. This binding relationship is long-term rather than based on short-term economic incentives.
Cryptofun:
Q4. From : Aryo7979
Apart from burning coins, what other ways would you go to increase the price of TitanSwap coins?
Titan:
Improve the product, give more scenarios, attract more users to our products and increase the value.
Cryptofun:
Q5. From : Prasetyo1313
How is Titanswap developing at this time, is it in line with your target, and what plans will TitanSwap do for the future, so that many people are interested in TitanSwap?
Titan:
Currently, with the cross-chain Smart Route, TitanSwap has realized cross-chain asset exchange with BSC, and the exchange can complete the real non-custodial cross-main chain asset exchange through multiple main chains, multiple liquidity pools, and multiple exchange steps, thereby supporting more trading pairs and completing one-stop cross-chain Asset swap. In addition, with the cross-chain, users can stake Cake to earn Titan, helping TitanSwap attract more users from BSC, which is a key for a Swap to develop and maintain its vitality.
Cryptofun:
Ok we already clear half of our AMA today. And we come to last segment where all participant most awaited segment.
SESSION 3: FREE QUESTIONS
Febriyanti Oktavia 🦄:
Do the token holders have the right to participate in the governance of the project? What kind of decisions can they vote on about the project?
Titan:
Yes, it is reflected in the high importance attached to the user, such as the construction of DAO community, the convenience of transaction operation, user-friendly features, the application of the DAO community.
Dillah:
Where can I buy your tokens now, what are your current contracts address and how can I buy them and what are the benefits?🌼🌼🌼
Crypto Manager:
How secure is your platform to use? Have you done audits of smart contract? What security measures are adopted from bugs of smart contract and hacking🐕🦺🐕🦺?
Titan:
We have a security team that focuses solely on protocol security. Their tasks include but are not limited to monitoring transactions, catching issues, and fixing security bugs. The QA team will do testing manually and/or automatically using scripts, and we plan to open-source the test scripts in the near future.
Code Auditing is also very important to us and all our users, and therefore, we plan to have our contracts audited annually and whenever there is a major update or release.
Queen Elizabeth 🇰🇳6️⃣6️⃣:
How can users join this project? Is there a channel with the local community where users can get the latest updates?
1, YouTube channel?
2, Website?
3, Instagram?
4, Discord?
5, Twitter?
6, Other?
Titan:
You are welcomed to follow our Twitter https://twitter.com/TitanSwapOrg and Join our Telegram channel https://t.me/TitanSwap.
How do we create:
What is the most ambitious goal of your project? Could share with us any Upcoming Updates?What is the most ambitious goal of your project? Could share with us any Upcoming Updates?
Titan:
At present TitanSwap has been released V2.1 version, before this has been realized the basic function of asset exchange, support Uniswap liquidity pool. And the underlying transaction information to capture to do further integration, the user can aspect in a page to understand all the information, such as the size of the liquidity pool, historical prices, trading volume changes and so on, so as to make better judgments.
At the same time in V2.1 version, we launched the decentralized limit order function, this is the first time users can choose to trade in the AMM liquidity pool price. And it provides the possibility of supporting more order types in the future.
Next we will soon support TitanSwap's own liquidity pools, which will enable features that reduce the risk of volatility. Of course, we will also enable liquidity mining to encourage users to provide liquidity.
Stay tuned to our Twitter feed for further product plans. Twitter.com/TitanSwapOrg
More info about TitanSwap:
