Titan Chain Explained: Frequently Asked Questions

logo small
By Tokenize Xchange
May 14, 2024

Want to learn how to make the most of your time on Titan Chain? This FAQ will help get you started. 

When the team at Titan Labs began work on Titan Chain, it was to combat creeping legacy issues that they faced with other Layer 1 Blockchains, namely, high transaction fees, scalability constraints, and a lack of interoperability.

The solution is Titan Chain, a powerful, brand-new Layer 1 blockchain designed from the ground up for speed, security, and interoperability. 

Come join the new evolution of the Blockchain, earn extraordinary rewards and for a limited time, enjoy an APR of 19% when you delegate your TKX on Titan Chain.

Frequently Asked Questions About Titan Chain


What is Titan Chain?

Launched in April 2024, Titan Chain is a next-generation, EVM-compatible blockchain built on the Cosmos SDK, designed to offer a secure, decentralized, and scalable platform for smart contracts, decentralized applications (dApps), and digital assets. 

By leveraging the interoperability and modularity of the Cosmos ecosystem, Titan aims to bring the benefits of Ethereum’s smart contract functionality to a wider audience while addressing the limitations of existing blockchain platforms, such as scalability, energy consumption, and high transaction fees.

Why choose Titan Chain?

Titan Chain is EVM-compatible, enabling developers to effortlessly migrate their Ethereum applications and smart contracts to the Titan Chain platform. This compatibility ensures a smooth transition for developers seeking to leverage Titan Chain’s capabilities.

It also offers rapid block times and high throughput, resulting in fast transaction finality. Additionally, Titan Chain provides cost-effective transaction fees, enhancing the overall user experience by facilitating quick and affordable transactions.

What are the benefits for developers to build on Titan Chain?

Developers leveraging Titan Chain can access a multitude of advantages, including complete documentation, an expansive user base, and ecosystem grants.

Developers on Titan Chain benefit from comprehensive and well-organized documentation that serves as a valuable resource for understanding platform features, APIs, and smart contract development.

Building on Titan Chain gives developers immediate access to a large user base of nearly half a million existing users. This provides a unique opportunity for developers to showcase their projects to a broad audience, drive user adoption, and gain valuable feedback to iterate and improve their applications. Leveraging this existing user base can jumpstart developers’ projects and increase their visibility within the Titan Chain ecosystem.

Additionally, developers can tap on Titan Chain’s ecosystem grants for financial resources, technical guidance, and mentorship to support their projects. 

Developers can leverage these benefits to enhance their projects, reach a broader audience, and access additional resources for growth and success on Titan Chain.

How do I start developing on Titan Chain?

Developers can start building on Titan Chain by getting the detailed documents. And don’t forget to apply for the Titan ecosystem grant.


Becoming a Validator on Titan Chain

How do I run a node/become a validator on Titan Chain? 

Validators have the duty of verifying new transactions and adding them to the blockchain. They act as gatekeepers, ensuring the legitimacy of transactions.

If you have 2048 TKX or more, you can set up your own Validator node to earn up to 19% APR by following the instructions at: https://titanlabs.gitbook.io/titan-chain

Please be aware that validators incur infrastructure and operational costs.

Is there a minimum requirement for staking as a validator?

The minimum staking requirement is 2,048 TKX.

However, if you have less than 2048 TKX, you can delegate your TKX to a validating node. You can also run a validating node if you have a minimum of 2048 TKX delegated to your node.

There is no minimum requirement. For instance, if you have 100 TKX, you can distribute it among the active validators.

What is the maximum number of validators allowed on Titan?

Titan will host a total of 188 active validators.

The 188 active validator slots are ranked based on the amount of TKX staked. Only active validators are eligible to participate in the consensus and earn yield.

I have participated in Phase 1 (Prometheus) and Phase 2 (Atlas) staking, what are my next steps?

You have the option to either become a delegator and delegate your TKX to validators on Titan to begin earning yield, or you can withdraw TKX to your wallet.


Delegating on Titan Chain 

What are the delegator rewards, and how are they calculated?

At the current APR of 19%, delegators’ earnings are calculated as follows:

For instance, with 100 TKX staked, the rewards amount to 19 TKX (per annum).  Commission payable to validators is 10%(*), in this case, the delegator would receive 17.1 TKX.

*Commission rates may vary among different validators.

When are the rewards distributed?

Rewards are distributed every minute.

Is it possible to reallocate delegation to a different validator?

You can choose to redelegate your tokens to another Validator without any lock-in period, but please note that unbonding (i.e., unstaking) takes 30 days.


Wallet

What wallets are supported?

Both Keplr and Leap wallets are supported on Titan Chain.

However, please note that if you have participated in Phase 1 (Prometheus) and Phase 2 (Atlas) staking, please use the Keplr wallet for the migration to Titan.

Am I able to unstake from validators and withdraw TKX into my wallet?

Yes, you may. Please select ‘unbond’. 

Kindly note that the unbonding period will be 30 days. 

Is it possible to withdraw or transfer TKX from Titan to Tokenize Xchange?

Yes, you may withdraw TKX to Tokenize Xchange and vice versa. 

Is there a connection or link between the Keplr wallet and the wallet on Tokenize Xchange

Your Keplr wallet operates independently of the wallet on Tokenize Xchange.

The Keplr wallet is used for managing your Keplr assets, such as staking, voting, and interacting with decentralized applications on the Kepler network. Your holdings on Tokenize Xchange are separate and stored within the exchange’s wallet system. 

It is important to secure your Keplr wallet with strong security measures to prevent any unauthorized access that could lead to potential risks to your assets.

👉 Learn more about TITAN CHAIN

👉 For more information, you may contact us at info@titanlab.io. Thank you.

Disclaimer

Cryptocurrencies are subjected to high market risk and volatility despite high growth potential. Users are strongly advised to do their research and invest at their own risk.