#TITAN# It turns out that the same stone can really trip you twice.
Recently, the staking is coming to an end, and the project team has been working in a routine manner. Initially, I didn't want to speak up, but the discussions in the large group these past few days have left me feeling like there's a lump in my throat, and I can't hold it in any longer. As we all know, Titan's price on the new exchange has plummeted sharply, trading has been halted, and the community's long-standing concerns have finally materialized. Titan has ultimately followed in the footsteps of SLOR. Now that the situation has occurred, a reasonable explanation must be provided, hence the project team's defenders have taken the stage. "The project team's chain collapse was to get rid of the runes, and the new exchange has a premium, but dozens of times is just absurd," "If the new exchange can grow by 1 to 2 times, that would be very good."
Do you remember, at the beginning of Titan staking, Ambassador Leo said in the weekly meeting that as staking progressed, the price of Titan on Gate exchange would gradually increase, reaching 0.5 or 1U. Even in the recent meeting, it was still argued that after the Titan goes on fire, the price could stabilize around 3U. Now that staking is nearing its end, and on the 15th of this month, it will cross-chain, the time to fulfill the promise is approaching. The words still linger in the air, but suddenly the tone has changed. Is there any embarrassment? Little do they know, the community group announcement still prominently states: Titan cross-chain mining machine, strongly launching a 20x forced wealth storm! Haha, what a great irony!
Blockchain has inherent financial attributes since its inception. If it has financial attributes, it also has investment potential. Take Bitcoin as an example: its supply is fixed, and it enjoys a high degree of consensus. Although it lacks practical applications, its scarcity leads people to regard Bitcoin as an investment target and a safe-haven asset. Similarly, consider Moutai: five kilograms of sorghum can produce one kilogram of liquor, with production costs below a hundred yuan, yet it sells for as much as a thousand yuan. The reason lies in the limited production of Moutai and its high consensus in aroma, which gives it a certain degree of scarcity, thus endowing Moutai with financial attributes as well. As a technology, blockchain has inherent advantages in certain applications; for instance, its peer-to-peer network structure offers low transaction fees, fast speeds, and high efficiency when used for payments. The characteristics of decentralized distributed storage of blockchain mean that on-chain data is immutable, making it suitable for applications such as product traceability.
The issuance of Titan is even lower than that of Bitcoin and is constantly being destroyed, which also has a certain level of consensus. Most of it is staked, with very little circulating supply, making its scarcity self-evident. In the future, there are payment applications to support it, meaning that Titan has both investment potential and application. Logically, Titan should have a high premium, and its price performance should be outstanding. However, the price of Titan on the Gate exchange has been continuously declining. The more is staked, the less is in circulation, leading to a lower price. Isn’t it strange? When things are unusual, there must be something wrong. There can only be one explanation: Titan's price has been artificially suppressed. Who could it be? Everyone knows in their hearts. Since Titan's price has been artificially depressed, even if it maintains around 3U after cross-chain, it won't reach the dozens of times mentioned by the hype man. Does he really not understand? I don't think so. He is pretending to be confused while knowing the truth; it’s not that he’s foolish, but rather malicious! Some people don’t even understand the content and just mindlessly reply with a thank you for sharing. The most frustrating thing is this: "True fine dust, crushed and kneaded!"
What kind of animals eat bran? Why do they demean themselves to such an extent in front of others? They're really as stupid as pigs, no wonder they eat bran. There are also a few old maids like this. Where is the community being led by these few bad and foolish people?
The Titan project has been under the management of the project team for half a year, starting with the sale of gold cards and platinum cards, promising to destroy a certain number of Titans for every thousand sold. After the third sale of cards was completed, Titans have not yet been destroyed, which is the first breach of trust; At the beginning of the staking, it was advertised that for every thousand Titans staked, a reward of 300 SLOR would be given, but it was immediately changed to 30 because someone said so, which is the second breach of trust; The original plan was to launch the SLOR mainnet in August, but due to technical shortcomings, it could not be realized as scheduled, and trading of SLOR was subsequently halted, which is the third breach of trust; After the app update, staking continued, and it was promised that as staking progressed, the price of Titans on Gate exchange would gradually rise, but it is now gradually declining, which is the fourth breach of trust; Encouraging everyone to stake for arbitrage, with 20 times the cross-chain yield, but trading of Titans has stopped just before the cross-chain, which is the fifth breach of trust. With all these issues, where can trust be placed? People are shameless and can do anything! I advise the project team to cherish their reputation; although it is said that listening to both sides is enlightening and bias leads to darkness, one must also have their own opinion. Some people just hold a bit more tokens, rather than being the supreme authority of the project.
At the beginning of the project, it is not about investing a lot and getting little in return. If you only want to gain without investing, then why even start a project?
For the past six months, I want to ask the community members if anyone has been consistently investing and actually making money? The project party quickly implements things that require you to spend money, but when it comes to making money, they always find various excuses when it’s time to cash out. For example: Staking Titan for SLOR rewards, and just a few days after SLOR was available for sale, they said let’s first build Titan, then build SLOR; once Titan is good, SLOR will be good. Thus, trading for SLOR was halted. Later, they introduced staking old Titan for new Titan, encouraging moving bricks to stake, claiming 20 times profit after cross-chain, and just when it was about to cash out, they said one or two times profit is already great, otherwise it would kill the project party. Then Titan also stopped trading on the new exchange. Now they want to promote physical cards and ask everyone to spend money again. The kind-hearted community members should wake up; let’s unite to resist buying physical cards. The community is definitely not a place for the project party to demand at will. Moreover, do you still have USDT? Without USDT, what’s the use of having a physical card? Wait for the project party to fulfill their promises, earn USDT from Titan, and then it won't be too late to buy.
If you don't confront, you'll be obscured; if you confront well, clarity will emerge. Who is right and who is wrong will be clear in the community.
Finally, are the kind members of the broad community ready to be tripped by the same stone twice?
