What is TITA Project?

What is TITA Project?

The Tita Project is a marketplace as well as a decentralized crypto-to-commodities asset exchange which aims to strengthen the financial systems of the communities producing these commodities. 

The Tita Project is all about building a decentralized ecosystem powered by Blockchain technology for the buying and selling of locally/globally traded commodities and finished goods thereby setting up pedestals that enhance the financial systems of the communities where these commodities are produced. Tita project is a unique and the very first of its kind in Africa, creating a peer-to-peer decentralized market place and also a decentralized crypto-to-commodities asset exchange. Powered by the Blockchain technology, Tita Project provides transparency, security and ease of financial settlement of any trade transaction on the network across national and international borders.

The TITA EcoSystem

The TITA center:

A decentralized network designed to operate like an e-commerce marketplace where Raw Materials and their finished products intersect with their respective producers, buyers, sellers, suppliers, distributors, and other agents of trade. This will give users good product visibility and ensuring that high quality standards, transparency, and transaction ease are met with the use of smart contracts and the power of the blockchain technology

The TITA Exchange

A decentralised commodity trading exchange designed to provide robust trading services due to real time connections with various commodity global trading floors around the world thus giving best possible prices and user experience for trading futures contract. The use of robotic API’s is implemented to enable automatic and semi-automatic trade executions for users.

Why TITA Project

The public ledger technology has begun to show promising solutions to financial transactions and services in a lot of industries and we have decided to apply this into the trading of commodities and finished goods. For example, what is the need of clearing houses if we can have the chance of automated post-trade “smart contracts”? Because, trading hard or soft commodities requires besides market volatility, also management of supply chain and counterparty risk. So how best can all these processes be handled in a way that shows transparency, provides security, and brings the ease of doing business?

The TITA ecosystems are powered by the the Ethereum Blockchain due to its uniqueness of the “Smart contract”. This is because we have uniquely designed features linked by addresses which serve as activities within the ecosystem and are mapped out at the back end with series of smart contract codes which automatically come into function or terminate when certain conditions during transaction between two parties are met.

The TITA Token is the common entity which moves between these addresses (Activities) and triggers the desired functions to automatically come into play or be terminated. The concept design has made it possible for the TITA Tokens to be built in a unique way and designed with functions to fit for tracking physical commodities and goods along the supply chain, where a lot of transnational procedures are still recorded on paper. On the TITA network you have the benefit of managing all the title transfers electronically through a distributed public ledger, certified by any counterparty of the supply chain, which would eventually increase trust between the market players (and reduce counterparty risk) and ease hedging processes due to elimination of clearing. 

The TITA Project has a strong value proposition to logistic companies, security companies providing services for commodity trade, clearing houses, agents, buyers and sellers who are not only incentivised for participating but have a trusted platform. We will create a unique space for our users by creating a multifunctional platform and that connects these markets, makes trading easier and gives them the ability to access a wide range of services not limited to logistics, tracking and security services. We have employed data analysis from surveys based on geographical locations to provide real time solutions to address particular trade problems and give traders access to enhanced financial systems like credit lines after extensive verification to boost production and trade.

The TITA Project Features:

The TITA, which works on the decentralized database platform for commodities exchange, has also been designed for tracking goods globally, information storage services and acts as a financial agent to provide micro-credit services.

The TITA token will be referred to as “TITA” and will be issued to serve as fuel for the ecosystem and as a form of exchanging on the platform to give incentives to users, to encourage trade and to build a trustless platform (escrow) to facilitate market activities, provide databases for producers, manufacturers, suppliers and other agents in the supply chain circle.

It will also be used as the staking unit for selecting block producers, as well as a single medium to pay for costs incurred by the TITA Network.

The use of robotic API’s is implemented to enable automatic and semi-automatic trade executions for users.

Roadmap:

Token Sales Detail:

The TITA token will be referred to as “TITA” and will be issued to serve as fuel for the ecosystem and as a form of exchanging on the platform to give incentives to users, to encourage trade and to build a trust less platform (escrow) to facilitate market activities, Provide database for Producers, Manufacturers, Supplies and other Agents in the Supply Chain Circle. It will also be used as the staking unit for selecting block producers, as well as a single medium to pay for costs incurred by the TITA Network. 

The ecosystem relies upon the TITA token (TTN), Ethereum based, compatible with ERC-20 standard, with the total number of tokens amounting to 250,000,000 TTN. The token has the following value: 1 TTN = $0.1. The pre-sale starts on July 27, 2018 and it will either last two months or it will finish as soon as the hard cap is reached. Tokens will be allocated the following manner: 30% - ecosystem, 25% - main sale, 15% - reserve, 10% - pre-sale, 9% - founders and team, 5% - private sale, 3% - advisors and marketing, 2% - bounty and campaign, 1% - token sale cost. Pre-ico dates: 27.07.2018- 27.09.2018.

For more information:

Website: https://titaproject.io/

Whitepaper: https://titaproject.io/whitePaper.pdf

Telegram: https://t.me/joinchat/G-HplkaTMCvs9Xv-NrilaQ

Twitter: https://twitter.com/Titaproject

Facebook: https://facebook.com/TITAproject/

Author: tinhkhuat

Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=1885373