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BallaJi
Jun 18, 2021 11:41 AM
#Titan Rugpull. Mark Cuban calls for Stablecoin Regulation, huh?
Short
UNISWAP:TITANWETH
1D
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⋅
Jun 18, 2021 11:41 AM
Billionaires are not your friends.
Is something I repeat often
here is another example.
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titan
TITANETH
DEFI
SCAM
ponzi
rugpull
crypto
usdt
tether
Comments
BallaJi
⋅
Jun 18, 2021 1:08 PM
did some digging
Titan project
did have a stable coin attached to this project called IRON & STEEL
its goal was to be partially collateralized.
When u rely on investors to input value and collateral to produce a token
There needs to be a strong value proposition
Otherwise, the same investors can withdraw their funds - - and that is what happened a blowup of investors confidence
A crypto Bank Run of sorts.
More
Titan project
did have a stable coin attached to this project called IRON & STEEL
its goal was to be partially collateralized.
When u rely on investors to input value and collateral to produce a token
There needs to be a strong value proposition
Otherwise, the same investors can withdraw their funds - - and that is what happened a blowup of investors confidence
A crypto Bank Run of sorts.