So the coin I'm talking about is Titano
Have you heard of it?
It's an Auto-Staking & Auto-Compounding Protocol in Crypto with which you can earn rewards every 30 mins / 48 times daily.
The current price is $0.19 CoinMarketCap which is near its all time high.
The coin is based on Binance Chain and can be bought easily from Pancake Swap.
The project started back in November 2021 when the price was just $0.02, so once again the people who got in early have made some nice profits with the price increase + its rewards.
Source: Giphy
What's my opinion?
The website claims you can turn $1000 in $1,000,000 🤑 in a year! Due to its auto compounding and high rewards.
Honestly, I don't think the project is going to last a year and the APY doesn't seem sustainable. Also, the prices will fall as early investors start cashing out their high rewards and that can make the project fall off completely as well.
Can they rug pull?
The chances of rug pull are low as they have been live for 4+ months now, most projects that rug pull disappear with 3-4 weeks.
But obviously in the land of crypto you can't write the chances of rug pull completely off.
How they paying the High Rewards?
Now according to their white paper they claim the rewards are coming from Buy/Sell taxes but this is highly unlikely, they could be just minting new coins as the rewards are paid off in their native token.
My Strategy?
I would take a risk of a very low amount like $100 and withdraw the rewards every month, first recoup my initial investment and reap the rewards every month as long as the project lasts!