Hello Friends
could anyone tell here what is the concept of Ingot token here in titanium. I read few posts on telegram but could not understand it.
Ingots are in the far future plans for Titanium.
Eventually, their plans is to move their services onto their own dedicated blockchain rather than the ethereum network which they are using now.
When they do so, they will mint a new token, Ingot, that will be used to operate their platform and services.
When that happens, BAR owners will be able to trade in their BAR for Ingots.
Michael Stollaire threw around 1 bar for 1000 ingots trade in but that could of course change.
They anticipate development on their own blockchain to happen Q4 of this year, after they release their main service IaaS in Q2 and finish preliminary testing.
The ambitions of Titatnium are HUGE.
This is just one example of that.
It was hard for me to believe that they could achieve any of it at first, but as I got to know the company and team better, it seems completely possible for them to pull off everything they are setting out to do.
We are talking internet 2.0 type stuff.
This is really going to be huge, i never saw this coming, that's like having there own cyberspace
, a marketplace, an internet service provider and now this, titanium will surely shake the crypto world and i keep pondering what a titanium bar will worth in the future