TiTi Protocol Secures USD 3.5 Million to Build the First Use-to-Earn Algorithm Stablecoin
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Singapore, Singapore, 11th April, 2022, Chainwire
TiTi protocol announces a successful fundraising round of USD 3.5 million, led by Spartan Group, with participation from SevenX Ventures, Incuba Alpha, DeFi Alliance, Agnostic Fund, Fourth Revolution Capital (4RCapital), Solidity Venture, and other institutions, as well as other individual investors including 0xb1 (Fold Finance), Tascha and Nipun (Alpha Venture DAO), and Michael (Fantom Foundation). The project was incubated by Alpha Venture DAO. With this latest funding, TiTi Protocol aims to work with world-class investors to build the future of DeFi.
TiTi Protocol is a fully decentralized, multi-asset reserve-backed, use-to-earn algorithmic stablecoin that aims to provide diversified and decentralized financial services based on the crypto-native stablecoin system and autonomous monetary policy. Its unique design brings a new paradigm of algorithmic stablecoin solution to the decentralized finance (DeFi) and Web3 that combines the Multi-Assets-Reserve mechanism and the peg mechanism of the Reorders algorithm. By doing so, it aims to take over the torch of algorithmic stablecoins and bring a brand new solution to DeFi and Web3 ecology.
TiTi Protocol's new use-to-earn token economic design will greatly boost algorithm stablecoin adoption and maximize the benefits for DeFi users, thus enabling the interoperability of algorithmic stablecoins with other DeFi projects. All this is only possible due to the research and experimentation of the TiTi Protocol team in DeFi, especially the algorithm stablecoin track that the team has been testing for several years. In no time, TiTi will be able to
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