Questions from the community were posted on Discord and answered during the AMA on Twitter.
To make TITANDAO a true DAO, what kind of mechanisms have been put in place on the leadership level so that when an individual(s) decide to move on, the project does not become an orphan?
Although we still do not have the common denominator which is the TITANDAO Governance token to manage our community affairs, we are already succeeding in creating a decentralised autonomous organization (DAO). For example, the Japan Legion is very independent creating their own initiatives to support TITAN. Similar to the China Legion that helped TITAN be on the top trend list on Chinese search engines. We expect each Legion leader to grow their legions and create new leaders that can rise to the top and lead as well. And token vesting will be in place, so if leaders leave, they do not vest any more TITANDAO governance tokens and new leaders will be incentivised and earn them.
Do you think we should create a TITAN Ecosystem Review Team and start reviewing all the initiatives started by different individuals/legions and make sure they are aligned with the main objectives of the TITAN community to make sure everyone is heading in the same direction?
The world is not flat and people across the globe have different tastes based on their own culture. As long as our community is working towards our goal, which is Make TITAN Great Again, they should be allowed to explore what they believe is more appropriate to their cultures. However, we want to implement a voting system for community projects to get funded. And for these community projects funded by TITANDAO, a TITANDAO Council will be created by leaders of the Legions to approve them. Currently, there are 4 Legion leaders: Cryptonak, Mateo, Lam, and LZRCoins.
The white paper states that the TITAN metaverse construction will be started in the future, which requires strong technical and financial support. Can the current community technical team accomplish this goal and task, and how to solve the funding gap? Can you introduce the background of the technical team responsible for the main leaders of the overseas community?
Metaverse is the most hyped buzzword in cryptoland and even big tech like Facebook wants to build one. Currently, there are players like Decentraland, Sandbox, Cryptovoxels, and Gala to name a few that are well-established players for virtual worlds. Then you have a lot of play to earn projects popping up everyday trying to improve and be a better Axie. The infrastructure for the metaverse is still at early stages and more projects are going to appear to build the infrastructure for the open metaverse. The Galactic Titanverse that we proposed last year is based on 10,000 unique Gods coming back to Earth on a special mission. These Gods come from different places in the Galaxy. We want to allow NFT holders of the Galactic Gods to colonize the Galactic Titanverse. That means releasing new NFT series such as planets where God owners can mint and start colonizing their planet. It will require external funding and adding more people to the team besides Titanman. That is why we are focusing on releasing successful products to the community such as TITAN Punkz, TITAN Punkz Reloaded, DAO token, TITAN Swimwear, DeFi products to build a track record so we can raise VC funds (Series A) to build the Titanverse.
What was the reason for the sudden suspension of the Galactic Gods project? Where is Titanman? Is the team still overseas? When can it be restarted? What chain will it be issued on in the future? What is the relationship with TITAN?
The main reason for the project to stop were issues we faced with the 3D artist. As Titanman mentioned, he is a well known 3D artist and would receive a big share of the sales of the Gods. He promised to create the Gods by December last year. Then he was late and promised to create them by January working during his work holidays. He failed again to deliver in January. We cannot and will not work with people (internal community members or externals) that are not reliable, as this whole episode did hurt TITAN as seen by the current price. So will restart the Galactic Gods again after releasing the Reloaded Series and we will commission a 3D artist instead of doing a collaboration. This way we have more control over the outcome. We are commissioning the Punkz Reloaded Series, and we can get it done faster and in a more professional way.
How to strengthen communication and collaboration among global communities?
This is the role of Legion leaders. They should work to keep their own community engaged and have the initiative to work and start projects on their own and/or campaigns for community engagement. Overall engagement and collaboration will increase once there are more TITAN products for the community to use. So straight after releasing the Punkz Reloaded — Release the Dogs, we will create a single staking pool(10% of the sales) where whitelisted wallets will have preferential access to stake their TITAN and earn high APY.
Are there any risky institutions investing in Titan or have potential intentions? What’s next for TITAN’s new moves.
We are discussing with external parties to raise VC funds to accelerate growth in 2022. That has been shared on the whitepaper. Cryptonak worked at McKinsey and has the pedigree that investors look when investing in projects.
I have a question about the Governance token (TTITANDAO token). Please let me know if there is any progress on the schedule and outlook for the token generation event. In the whitepaper, it says that there will be a public sale by IDO or EIO, but I would like to know more details about the method and schedule of the public sale if there is any progress here as well.
Current market conditions are not good for IDO or EIO. And the main reason to do a pre-sale of the governance tokens is to create liquidity pools, so the DAO token can be traded on exchanges. We are now planning to issue NFTs for the pre-sale. For example, tiered TITANDAO NFTs to claim the TITANDAO governance token. We are planning to sell a $100 NFT, a $500 NFT, and a $1,000 NFT that correspond to a share of TITANDAO governance tokens. And these NFTs can claim their governance tokens and have special access to high staking pools to farm more TITANDAO governance tokens.
The activity of the TITANDAO community seems to be slow, but can you increase the pace?
The overall crypto sentiment is not as good as last year right now. We plan to launch new products for the community to drive engagement. And making our new NFT series successful will attract new members to our community.
How can the community help to Make TITAN Great Again?
The community plays a big role. The community should support the projects that we created. For example, we decide to terminate the shop since nobody would buy anything. And the Jackpot could have more members using it. We expect the community to support us on the new products that we are launching: Punkz Reloaded, TITAN swimwear, DAO token, DeFi products, Gods. Being community-driven means that community members can take the lead and help TITAN in any ways they can. So we appreciate a lot all the NFT artists creating TITAN themed NFTs that help spread the word about TITAN. We want to see more community members doing more things for TITAN. Everyone can be a leader and start their own things if they believe in themselves. And we will support you as much as we can. For example, 5% of the sales from the Reloaded series will be allocated to TITANDAO Treasury to support community initiatives.
How can we get more positive buying pressure on the token? The price has trended down for months now. How can we reverse the trend and create positive momentum?
Last year before the sales of the TITAN Punkz, TITAN’s price was around $0.0000005. After the sales, the price skyrocketed to $0.000002. Why? Because we created a use case for TITAN, as only TITAN was accepted to buy the Punkz. We are doing the same with the Punkz Reloaded Series. And since it is a generative series with more unique NFTs, we are pricing at a higher value than the original Punkz. So TITAN will start circulating again and changing hands, and that is what makes a token (currency) stronger. The velocity of the money. Currently, there is no velocity since TITAN is not changing hands and is only being traded by bots on exchanges. So once people start buying TITAN again so they can acquire a Punkz Reloaded, velocity will increase and the trend will reverse. And offering single TITAN staking pools using 10% of sales will lock more TITAN to support further price appreciation.
