Q1: Can you introduce the Titan project to our community?
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.
Q2: What elements does it consist of?
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.
Q3: How can Titan be implemented?
As described earlier, we inherited part of Uniswap’s code and innovated based on Uniswap. We believe that DeFi Lego not only means that the combination of functions between different projects, but also that more innovations in the underlying code.
In the V2.1 version that has been launched, we draw experience from what data Uniswap Analytics reads and then gather the information on one page in TitanSwap, which is more in line with the user habits of CEX users as users can refer to historical prices when trading. It also improves the way of reading data, which can be loaded faster after the blockchain data scan for trading data. So users can easily refer to the latest price, historical price, current liquidity size and other information when trading.
Also, we support limit orders in Uniswap pool. As far as I know, we are the first swap to implement limit orders based on AMM and the second one might be Unitrade, after it launches the market. This is also part of the TITAN Automated Order feature, and there will be more of such methods in the future.
In the v3.0 version, you will be able to see TitanSwap’s liquidity pool. At that time, the system will initially integrate TITAN Smart Route, which means that traders can be automatically routed to different liquidity pools based on the current price and slippage information. Meanwhile, liquidity providers can get Titan rewards. Moreover, we will reward the Titan DAO community as soon as possible with the hope that we are no longer the only contributors, and that Titan holder and participants can make decisions together.
Our project cannot be achieved overnight. TITAN Automated Order has some prototypes already, and TITAN Smart Route is coming soon. But these are not the final versions of the product. TITAN Automated Order will further realize more complex order forms and TITAN Smart Route will support a wider liquidity pool. Currently, TITAN Adaptive Bonding Curve and TITAN Layer2 Support is under preliminary verification, and with the community participation, more energy will be stimulated. We hope to leave something for the future of DeFi and DEX, therefore, those who are interested are always welcome to join us.
Q4: What are the unique features of this project?
- 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.
Q5: Can you tell us, What is Titan Swap and what is it aimed at?
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.
Q6: What is the difference between Titan Swap and other DEXs?
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.
Q7: How can you describe Titan Swap 2.0?
As the first milestone, TitanSwap will first realize the automatic routing of different liquidity pools on Ethereum, such as Uniswap pool, Sushiswap pool, and realize Swap across liquidity pools. When different liquidity pools provide the same transaction pair, smart routing will automatically select the best route to achieve the best price and lowest slippage. These are the two major features of TitanSwap Cross Chain and Smart Route.
Secondly, although TitanSwap is a Swap product, it does not mean that it can only be a Swap. Most users who are accustomed to centralized exchanges will use a variety of order types. There is a huge difference between the AMM mechanism under DEX and the order book model, which makes the implementation mechanism of limit orders completely different from CEX.
Users can experience Limit orders for the first time on TitanSwap, entrust smart contracts to track prices and realize the function of limit orders, which not only guarantees the non-custodial characteristics of DEX, but also realizes this unique function.
The limit order is only the beginning. Through a similar mechanism, users can entrust smart contracts to implement more abundant order types, and even the automatic arbitrage function between the same type of liquidity pool and cross-type liquidity pools. This is essentially a way to automate orders based on AMM through smart contracts.
Besides, TitanSwap will work on the AMM mechanism, instead of innovating only in the incentive mechanism like other Swap products. Our goal is to reduce impermanence losses for liquidity providers, which we call Adaptive Bonding Curve.
TitanSwap is also actively exploring the implementation of Layer2. The technical route is consistent with Unipig’s technical route. This will undoubtedly greatly improve the user experience from the perspective of both transaction fees and time lag. It can be predicted that the first implementers will form a leading position in the market for some time.
Q8: How users would benefit from your project?
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.
Q9: 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?
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.
Q10: As we know, every serious project always have their own roadmap. Could you please explain TitanSwap roadmap and also what phase is currently ongoing?
TitanSwap is under intensive development and is now live with full Swap functionality, including the first phase of Automated Order – support for limit orders – and provides users with a comprehensive aggregation of trade information, all displayed on a single page.
In October, TitanSwap’s liquidity mining will be officially enabled, as well as intelligent routing of mainstream liquidity pools on ethereum, reducing users’ troubles in choosing the best liquidity pool. At the same time it will also optimize the technical architecture of the underlying blockchain scanning, to make the underlying infrastructure for further support of the display and routing of more liquidity pools.
Automated Order is expected to be further improved in November to support richer order types such as tracking mandates, and full support for the liquidity pool of the ethereum network, making TitanSwap the obvious choice for users trading digital assets carried by ethereum.
In December, the test net function of TitanSwap cross-chain asset exchange will be completed, prioritizing the one-step exchange of multiple assets within the main chain supported by RenVM, taking a leading step on the road to cross-chain. At the same time the user transaction page will launch with more community features, such as investment list recommendations, Follow function, hotspot analysis and tracking combined with Twitter social data.
2021 will realize the full implementation of everything presented in the white paper, striving to be the leader in one-stop inter-chain asset exchange in the DEX space. Of course all of this depends on your participation and support, the roadmap will be further optimized based on the DAO community and we look forward to more interaction with the community.
Segment 2 Free Question
Winner 1 Question : In terms of Roadmap, what can we expect by the end of September and the end of this year?
TITAN has been listed on Huobi, Bithumb Global and Cointiger already. In October, TitanSwap’s liquidity mining will be officially enabled, as well as intelligent routing of mainstream liquidity pools on ethereum, reducing users’ troubles in choosing the best liquidity pool. At the same time it will also optimize the technical architecture of the underlying blockchain scanning, to make the underlying infrastructure for further support of the display and routing of more liquidity pools.
Automated Order is expected to be further improved in November to support richer order types such as tracking mandates, and full support for the liquidity pool of the ethereum network, making TitanSwap the obvious choice for users trading digital assets carried by ethereum.
In December, the test net function of TitanSwap cross-chain asset exchange will be completed, prioritizing the one-step exchange of multiple assets within the main chain supported by RenVM, taking a leading step on the road to cross-chain. At the same time the user transaction page will launch with more community features, such as investment list recommendations, Follow function, hotspot analysis and tracking combined with Twitter social data.
Winner 2 Question : Do you think Uniswap is your competition? How can you compete with other DEX markets?
Kind of. 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.
Winner 3 Question : Are you a global project or local project? Can anybody anywhere use this project without Any restrictions?
Yes, we are a global project and we are at the beginning the global users acuiqistion. Just as our slogan, TITAN, more than swap. We are negotiating with some world-class exchanges already, let’s expect a greater future of TITAN.
Winner 4 Question : What is the development direction of Titan on decentralized finance (DeFi)? As they are still on there beginning stage what’s their outlook on the future of cryptocurrencies? What can you do to keep increasing adoption?
It is a great era that so many different projects invent and use various technology to build an interesting and sophisticated DeFi world. Actually it provides TitanSwap the infrastructure and experiences to improve user experience and solve the challenges, such as L2 solution that TitanSwap is going to use, Uniswap that TitanSwap learn the AMM from, and RenVM that TitanSwap leverage on cross-chain solution, etc. Even they are DEX and compete with TitanSwap directly, we are still open-minded to learn from each other. The final goal is to solve the real world issue and provide everyone a low slippage, censorless, and user friendly decentralized financial center, no matter who provide the solution first. Finally the users will benefit from the competition and TitanSwap will grow more quickly.
Winner 5 Question : TitanSwap is a GREAT PROJECT, I LOVE Titan Swap, Im sure of your many Success😍😍❤️❤️i have a simple question
What are your STRATEGIES or PLANS to make people,users and investors TO THINK THE SAME WAY I THINK about how GREAT is TitanSwap?
Thank you for your love of TITAN. 2020 is the year of the DeFi explosion, with various lending, synthetic assets, derivatives, and prophecy machines enriching the DeFi ecosystem, and DEX is the infrastructure for many DeFi. We believe that DeFi is still at a fairly early stage, with the further improvement of the blockchain infrastructure, such as the official launch of the fragmentation mechanism, the widespread application of cross-chain protocols, Layer 2 protocol’s full support for universal smart contracts and so on, and of course, the improvement of governments’ regulations on DeFi.DeFi will reach a hundred times its previous height after the bubble bursts, and the DEX is still the most important component of this system.That’s why TitanSwap has invested more manpower and money to make various technical improvements to improve the user experience and to optimize DEX in the long run.