Titano Takes On The Bear Market With SWYCH DEX
Bear market, you say? That hasn’t stopped Titano, who have been aggressively building through it all. Back in September, Titano launched T.S.P., the Titano Stable Pool, and a brand new game called LastBlock. This means you can now stake your Titano to earn daily rewards in BUSD stablecoin or play a skill and strategy crypto game using your Titano, with a chance to earn passive rewards and potentially a big jackpot too!
In addition to these combined utilities, Titano is relaunching their SWYCH DEX at SWYCH.finance with updated features and a goal to make it a top 5 DEX on the Binance Smart Chain!
What does that mean for you and what does it mean for existing Titano holders? I’m glad you asked! A DEX is a decentralized exchange that allows you to swap your assets directly on-chain. Everything is handled by immutable smart contracts. This means, no middlemen, no human interference to slow things down or add unnecessary cost, no KYC and low fees in comparison to most centralized exchanges. Plus, a portion of this fee goes to liquidity providers so the exchange can maintain the liquidity that holders so highly prize.
The initial SWYCH DEX was launched a few months ago to solve a problem that Titano was having with the third party exchange they were using. Titano had noticed that the Titano tokens being collected in swap fees were allowed to compound through the Titano auto-rebasing mechanism before being dumped onto the open market by the exchange they were using. This is a commonplace tactic and one major drawback from using a DEX. In Titano’s case, with the rebasing creating huge Titano holdings for the third party DEX, it was unsustainable. Titano’s SWYCH DEX solved this by offering the same low fees as other DEXs but added the promise to burn all native tokens collected by SWYCH. This is a revolutionary move which means all projects launching or listing on SWYCH now enjoy the deflationary benefits on every swap of their token.
With low fees (0.25%) and the promise to burn all native tokens, SWYCH DEX was already a very attractive proposition for DeFi projects but initially it was only open to Titano.
The relaunch of SWYCH DEX in October 2022 opens the DEX up to all projects on the BNB Smart Chain and promises to add a full suite of traditional DEX services starting with a brand new launchpad where new projects can apply to launch, raise funds, and list, all on a single platform with immediate access to investors. Future updates will include a staking and farming platform as well as an NFT marketplace.
Other unique features will include consultation services for marketing and launch strategies with access to a community of over 70,000 Titano members. Titano aims to treat projects on their DEX like partners and offer services that will help the project succeed. There’s over $4 million in liquidity already established and daily trade volume average more than $30,000.
SWYCH is currently onboarding new projects to the DEX, so if you’re looking for a place to launch, raise, and list, this is it! Reach out via the social channels and view the whitepaper today! Find out how you can benefit from this new, powerful DEX model on the BNB Smart Chain!
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