What is iron Finance Titan token?

Iron Finance is the company behind the TITAN token. The main goal of the outfit is to provide a $1-pegged stablecoin, known as IRON (CCC: IRON-USD ), for DeFi applications. Iron Finance’s TITAN token operates on Polygon (CCC: MATIC-USD ), a blockchain network. Cuban is one of the network’s most vocal celebrity supporters.

Why is Titan a community token?

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. Why TITAN Is A Community Token Like No Other? TITAN was developed by IRON Finance.

What happened to iron titanium token (Titan)?

Iron Titanium token (TITAN) – the share token of a decentralized finance (DeFi) protocol that was once worth $2 billion – has fallen to near zero. The token was recently changing hands for around $0.000000035, down from Wednesday’s high of $65. The fallout, which has been swift, has brought the project to its knees.

Is Titan a Defi token?

Titan is part of “the Wild, Wild West of programmable money and fundraising,” said Scott Spiegel, co-founder at BitBasel, a Miami-based blockchain start-up. Titan is a DeFi token. DeFi is short for decentralized finance, which describes a variety of blockchain-based projects that cut out various middlemen in finance.