Titan crypto

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Due to how the "tokenomics" of this particular DeFi project functions, when new IRON stablecoins are minted, the demand for TITAN increases, driving up its price. Conversely, when the price of TITAN falls dramatically, as was the case on Wednesday evening, the peg becomes unstable. Titan crypto currency Readers like you make our independent journalism possible.

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Send, receive and spend crypto Publication Date As TITAN began to plummet, the pegged value of IRON followed, triggering the stablecoin’s mechanism that mints TITAN and removes liquidity in an attempt to stabilize IRON to $1, resulting in an arbitrage opportunity in the difference in IRON and TITAN price.

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Opt-in, make your first trade on Exchange Plus & receive random crypto rewards from 10,000 SHIB, to 0.01 BTC. Big crypto confusion pumps up Titan coin as IRON’s TITAN token sinks IRON Titanium token (TITAN) became the community token of TITANDAO in June 2021 after its original founders (IRON Finance) renounced TITAN's ownership on Twitter following the bank run suffered by their protocol.

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The TITANDAO community is the new custodian of TITAN after IRON Finance renounced its ownership, letting TITAN become a community owned token.  Our mission is to Make TITAN Great Again, creating new use cases for TITAN and reducing its circulating supply. 10,000+ Assets Supported Just like with any other asset, the price action of Titanswap is driven by supply and demand. These dynamics can be influenced by fundamental events such as block reward halvings, hard forks or new protocol updates. Regulations, adoption by companies and governments, cryptocurrency exchange hacks, and other real-world events can also affect the price of TITAN. The market capitalization of Titanswap can change significantly in a short period of time.