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0.00 0.00 TIT
Issue Time
2020-08-18
Platform pertained to
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Current price
0.00
Market Cap
$0.00USD
Volume of Transaction
24h
$0.00USD
Circulating supply
0.00TIT
Volume of Transaction
7d
$0.00USD
Change
24h
0.00%
Number of Markets
More
Warehouse
Titcoin
Github's IP Address
[Copy]
Codebase Size
6
Last Updated Time
2019-10-24 09:38:36
Language Involved
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Agreement
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Current Rate0
0.00USD
WikiBit has marked the token as air coin project for we have received overwhelming complaints that this token is a Ponzi Scheme. Please be aware of the risk!
3H
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Aspect | Information |
Short Name | TIT |
Full Name | Titan Coin |
Founded Year | 2014 |
Main Founders | Edward Mansfield, Richard Allen |
Support Exchanges | Crex24, Mercatox, FinexBox, SouthXchange, Birake Network, SatoExchange |
Storage Wallet | Titcoin wallet developed by Gandalf86; available on GitHub |
Customer Support | Primarily community-driven support through forums and social media channels like Twitter and Discord |
Titan Coin (TIT) is a cryptocurrency specifically designed for the adult entertainment industry, known for its rapid transaction processing and high privacy protection. Transactions with TIT can be completed in less than 6 minutes without requiring personal details, ensuring user anonymity. Additionally, the coin has gained significant exposure in mainstream media such as CNET and Playboy, which helps increase its visibility and potentially accelerates its adoption beyond the crypto community.
However, despite its unique positioning within a specific market, TIT's acceptance outside the adult entertainment industry remains limited, and it faces potential investment risks due to being flagged by WikiBit as a potential Ponzi scheme.
Pros | Cons |
Fast transaction processing | Potential Ponzi scheme risk |
Significant media exposure | Limited mainstream acceptance |
Privacy-focused transactions | |
Community-driven development |
Pons:
Fast Transaction Processing:
The coin offers quick transaction times, typically under 6 minutes, which is crucial for businesses in the adult industry that require speedy payment processing to maintain operational efficiency.
Significant Media Exposure:
Titan Coin has been featured in mainstream media outlets such as CNET and Playboy, which helps in increasing its visibility and potentially accelerating its adoption beyond just the crypto community.
Privacy-Focused Transactions:
The cryptocurrency ensures that user transactions remain private, with no requirement for personal details and no records on traditional financial statements, appealing to users who prioritize anonymity.
Community-Driven Development:
The development and promotion of Titan Coin are led by its community, which can drive innovation and adaptability through collective efforts and shared interests.
Cons:
Potential Ponzi Scheme Risk:
WikiBit has flagged Titan Coin as a potential Ponzi scheme based on overwhelming complaints, suggesting that investments may be at risk if the project's financial structure is unsustainable.
Limited Mainstream Acceptance:
Despite its niche focus, Titan Coin's acceptance outside the adult entertainment industry remains limited, which could hinder its overall market growth and acceptance as a payment method.
The Titcoin wallet, developed by Gandalf86, is a dedicated software application designed to manage Titcoin, a cryptocurrency project.The wallet's source code is available on GitHub, allowing users and developers to review.
Titcoin is a unique cryptocurrency tailored specifically for the adult entertainment industry, distinguishing itself from mainstream cryptocurrencies like Bitcoin by focusing on rapid transaction processing. Unlike Bitcoin, which is designed more as an investment tool with slower transaction times, Titcoin transactions are processed in under 6 minutes, making it ideal for businesses that require quick payment confirmations. This rapid processing capability is crucial for merchants and businesses within the adult industry, where speed and efficiency are highly valued.
Moreover, Titcoin has gained significant brand recognition by being the most notable adult-oriented cryptocurrency featured in mainstream media outlets such as CNET and Playboy. This exposure helps Titcoin reach a broader audience beyond the traditional crypto community. Additionally, its strong emphasis on privacy, requiring no personal details for transactions and ensuring that payments do not appear on traditional financial statements, makes Titcoin particularly appealing to users seeking anonymity in their financial transactions. Through these features, Titcoin aims to standardize payment methods within the digital currency market, specifically targeting the lucrative adult entertainment sector.
Titcoin operates as a decentralized cryptocurrency specifically designed to support the adult entertainment industry. It enables direct financial transactions between content creators and their fans without the need for intermediaries, such as traditional payment processors or adult content platforms. This model allows creators to receive donations and payments directly in Titcoin for their user-generated adult content, fostering greater independence from large companies and empowering them to be self-supported.
The core principle of Titcoin is to decentralize the creation of pornography and return control to the users, promoting ethical standards within the industry. Titcoin is committed to combating sexual exploitation, revenge porn, and unfair conditions for sex workers. It advocates for the creation of high-quality, authentic content under fair conditions for creators. Additionally, Titcoin serves an educational purpose by highlighting the benefits of using cryptocurrencies in sectors that have not yet fully embraced blockchain technology.
The technical foundation of Titcoin is based on Bitcoin Core 0.16.3 with a SHA256d algorithm, ensuring robust security measures are in place. It features a fast block time of 1 minute and aims for a maximum supply of 69 million coins, with about 67 million currently in circulation. The project is community-driven, led by efforts from individuals like Gandalf86 and other community members who continue to develop and promote Titcoin's original vision after several setbacks in its history.
Titan Coin (TIT) can be purchased through multiple cryptocurrency exchanges, including Crex24, Mercatox, FinexBox, SouthXchange, Birake Network, and SatoExchange.
Crex24 is a global cryptocurrency trading platform that supports multiple languages, making it very suitable for international users. It provides an API interface, enabling automated trading, which is a significant advantage for users who need high-frequency trading. Additionally, Crex24 has a user-friendly interface design that even beginners can quickly learn to use.
Mercatox offers a comprehensive digital currency trading environment that includes not just cryptocurrency trading but also lending and wallet services, making it a multifunctional financial services platform. Mercatox supports various payment methods and has an active community, providing users with abundant resources and a platform for information exchange.
FinexBox is a Hong Kong-based cryptocurrency exchange known for its low transaction fees and robust security measures. The platform offers a variety of cryptocurrency trading options, suitable for traders seeking diversified investment portfolios. FinexBox focuses on protecting user funds and is a trustworthy trading venue.
SouthXchange is a cryptocurrency trading platform based in South America, praised for its simple and clear user interface and stable system performance. The platform supports real-time data updates, helping users make quick trading decisions and respond promptly to market changes.
Birake Network offers a unique decentralized network and white-label solution that allows users to create personalized cryptocurrency exchanges according to their needs. This high customizability and strong security feature make Birake Network stand out in the market.
SatoExchange is an emerging cryptocurrency trading platform focused on providing high efficiency and low latency in trading experiences. The platform has excellent customer support services that can quickly respond to user needs and resolve issues, making it an ideal choice for those seeking fast responses and efficient services.
Storing Titan Coin (TIT) securely involves selecting the right type of wallet based on your needs for accessibility, security, and convenience. Here are the main types of wallets you can use to store TIT:
Hardware Wallets:
These are physical devices designed to securely store cryptocurrency offline, protecting them from online threats such as hackers and malware. Hardware wallets are considered one of the safest options for storing cryptocurrencies.
Software Wallets:
These wallets are applications that can be installed on your computer or mobile device. They offer a balance between security and convenience but are less secure than hardware wallets since they are connected to the internet.
Web Wallets:
Accessed through web browsers, these wallets store your private keys online and are managed by a third party. They are convenient for transactions but are less secure due to their internet connectivity and vulnerability to hacking.
Paper Wallets:
A paper wallet involves printing out your public and private keys on a piece of paper which you then store in a safe place. This method is highly secure against online threats but can be risky if the paper is lost or damaged.
Earning Titan Coin (TIT) can be approached from several angles. Here are some strategies and professional advice for those looking to acquire TIT:
Buying and Holding (Investing):
Advice: Before investing, conduct thorough research on Titan Coin's market trends, technological developments, and potential for future growth. Consider the overall volatility of the cryptocurrency market.
The most straightforward method to earn TIT is by purchasing it on a cryptocurrency exchange and holding it in your wallet. This strategy, often referred to as “HODLing,” is based on long-term investment and the belief that the value of TIT will increase over time.
Trading:
Advice: Trading requires understanding market analysis, chart patterns, and trading indicators. Always use risk management tools such as stop-loss orders to protect your investments from significant losses.
For those with experience in financial markets, trading TIT against other cryptocurrencies or fiat currencies can be a way to profit from price fluctuations.
Staking:
Advice: Ensure your wallet is secure and always keep software up-to-date to prevent vulnerabilities. Understand the staking requirements and rewards before committing your coins.
If Titan Coin uses a proof-of-stake (PoS) model or similar consensus mechanism, you can earn additional TIT by participating in the network staking process. Staking involves holding coins in a cryptocurrency wallet to support network operations, for which you receive rewards.
Participating in Network Promotions or Airdrops:
Advice: Stay active in the community and follow Titan Coins official channels like Twitter, Telegram, or Discord for announcements regarding airdrops or promotional events.
Occasionally, cryptocurrency projects distribute free tokens or coins through promotions or airdrops to increase their adoption rates.
Mining:
Advice: Assess the cost of mining equipment and electricity against potential earnings from mining to ensure profitability.
If Titan Coin can be mined using either Proof of Work (PoW) or another mining mechanism, this could be another avenue to acquire TIT.
Titan Coin (TIT), tailored for the adult entertainment industry, stands out due to its rapid transaction processing and privacy-focused features. Its development is community-driven, and it has gained visibility through significant media exposure. However, it faces challenges such as limited mainstream acceptance and potential risks highlighted by WikiBit, which flags it as a possible Ponzi scheme.
The niche focus of Titan Coin on the adult entertainment sector offers a unique positioning that could drive its adoption within this industry. However, its success largely depends on broader acceptance and overcoming the stigma associated with adult-oriented businesses. Continued community support and enhancements in technology will be crucial for its sustainability and growth.
Q: What is Titan Coin used for?
A: It's used in the adult entertainment industry for fast transaction processing.
Q: How does Titan Coin protect user privacy?
A: It ensures anonymity by not requiring personal details for transactions.
Q: What technology underpins Titan Coin?
A: Titan Coin is built on Bitcoin Core 0.16.3 with a SHA256d algorithm.
Q: Can I mine Titan Coin?
A: Yes, Titan Coin can be mined using Proof of Work (PoW) mechanisms.
Q: How can I store Titan Coin safely?
A: You can use hardware, software, web, or paper wallets for storage.
Q: Where can I buy Titan Coin?
A: Its available on exchanges like Crex24, Mercatox, and others.
According to the latest detection by WikiBit, Titan Coin (TIT) has been marked as a potential air coin project and is suspected of being a Ponzi scheme. Investors should exercise high caution when considering investing in such cryptocurrencies. Investing in cryptocurrencies involves various potential risks, including unstable prices, security threats, and regulatory changes. It is advised to conduct thorough research and seek professional guidance before engaging in any such investment activities, recognizing that these mentioned risks are just part of a broader risk environment.
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