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#TITAN# The advantages and disadvantages of the Titan project party
Disadvantages:
1. Dishonor to others
A few months have passed since the third card sale was completed, and the Titans that need to be destroyed have not yet been transferred to Satoshi Nakamoto's address.
2. Narrow pattern
Previously, staking Titan to mine SLOR had low returns, and now SLOR has stopped trading. As early participants and builders, the Chinese community is left with nothing, not even the slightest benefit, and the vast majority of the community feels dissatisfied but dares not express it in the group.
3. Short-sightedness
The project party, as a latecomer, has greatly underestimated the community's feelings towards Titan. Even if SLOR resumes trading and the price remains around two to three U, many people who sell SLOR will also increase their holdings in Titan, which will greatly promote subsequent staking.
4. Technical shortcomings
From the problems exposed since the app launched the mining machine, it is not difficult to see that such a simple app has a pile of issues, indicating poor technology. The subsequent app upgrades also proved this point; it took nearly two months to upgrade, and after the upgrade, there were still many problems. Moreover, after the upgrade, it is still a Pixiu app. In early September, the first batch of pledges expired and were released, but the app had no exit, which inevitably raises doubts. The technical difficulty of developing the slor public chain is several orders of magnitude higher than that of the current app. Whether such poor technology can develop an advanced, secure, and efficient smart public chain is questionable.
5. Unilateral decision-making
In order to highlight community democracy, a cross-chain voting initiative was launched. Although the majority of participants have pledged 8 million, the project party unilaterally announced that only when the pledge reaches 10 million will it proceed with cross-chain. This shows a desire to demonstrate democracy while not respecting the results; to put it bluntly, it's a case of wanting to have it both ways. In fact, upon further reflection, the difference between pledging 8 million and 10 million is not significant. If 8 million were enough for cross-chain, then those who want to cross-chain later would be released over two years, which is not much different from pledging 10 million. As for why the project party insists on waiting for 10 million before proceeding with cross-chain, it may be to buy time for underperforming technology, or perhaps waiting for the right moment when the bull market arrives. The true motives behind this remain unknown.
6. Poor community operation capability
Originally, the community was a united, cohesive, positive, and thriving community, but now it has become fragmented and lifeless.
Advantages:
1. Strong strength
As a traditional financial giant, well-funded and powerful, this is also the reason why community members value and are willing to follow. However, since Bain took over, everyone has not seen the project party make any generous and visionary moves. Many people have privately raised questions about whether the project party is really Bain Capital, as their style of operation seems somewhat contradictory.
2. Wide range of resources
As a traditional financial giant, they naturally have extensive resources and connections in government, finance, and business sectors, as evidenced by their procurement of financial licenses in the United States and Australia. However, there has not been a single project launched in the past six months, and the reasons remain unknown.
3. Select points accurately
After years of development and accumulation, blockchain has moved past the stage of issuing coins and exploiting investors, gradually evolving towards practical applications. Payment and asset tokenization are currently hot topics in web3. The project party, as a traditional financial giant, has been deeply engaged in the payment sector for many years. Using this as an entry point into web3 is a correct strategy, as it allows them to leverage their existing advantages in payment while also expanding into new business areas, effectively maximizing strengths and minimizing weaknesses. Therefore, the direction is correct, and the choice of entry point is very accurate.
4. International Perspective
Bain itself is an international enterprise, possessing a global perspective and familiar with the business rules of multiple countries. In the future, it will establish six major communities, including a Chinese community, and Titan Pay may head towards a global reach.
The above is a personal opinion and is only for reference when investing in Titan.