TITA Project - A Decentralized Network for Globally Traded Commodities

The commodity exchange is a meeting place between demand and supply of commodities and derivatives. The seller and the buyer of commodity goods meet at the exchange. In addition to buyers and sellers, there is also an intermediary trader known as commissioners and brokers.

Commissioners take a position in the competitive market of goods, while the realtor can not hold positions on certain commodities that enter into the market of competitors and non-competitors. Commonly traded commodities are coffee, cocoa, sugar, soybeans, corn, gold, copper, titanium, aluminum, cotton, pepper, wheat, and CPO (crude palm oil, crude palm oil), cotton, milk, , nickel) as well as futures contracts that use commodities as their reference assets.

The TITA network is supported by Ethereum Blockchain through the use of Smart contracts. The TITA project creates a decentralized network, its ecosystem drives to Improve the Efficiency of the Supply Chain of finished or unfinished goods, Bridge Asset Investment, diversify risks in commodity markets and provide enhanced financing for production communities.

The TITA Project has a strong value proposition for the Commodities Exchange, the Finished Goods Market, the Manufacturing Organization, the logistics company, the security company providing services for commodity trading, cleaning houses, agents, buyers, and sellers.

Thus creating a unique space for our users by creating a multifunctional platform that connects these various players, making trading easier and giving them the ability to access various services.

The TITA Ecosystem

The TITA center

TITA Project's center - a decentralized network designed to operate like an e-commerce marketplace where raw materials and their finished products intersect with their respective producers, buyers, sellers, suppliers, distributors, and other agents of trade.

In this way, users would be able to have a good product visibility and ensure that high-quality standards, transparency, and transaction ease are met with the use of smart contracts and the power of the blockchain technology.

The TITA Exchange

TITA’s exchange is going to be a decentralized commodity trading exchange designed to provide robust trading services due to real-time connections with various commodity global trading floors around the world thus giving best possible prices and user experience for a trading futures contract.

The use of robotic API’s is implemented to enable automatic and semi-automatic trade executions for users.

The TITA Token

The TITA token will be referred to as “TITA” and will be issued to serve as fuel for the ecosystem. The TITA Token is considered the most valuable asset on the network.

TITA token is going to take the form of exchanging on the platform to give incentives to users, to encourage trade and to build a trustless platform (escrow) to facilitate market activities, provide a database for Producers, Manufacturers, Supplies and other agents in the Supply Chain Circle.

Community Network Empowerment

Every member of our community is not bound by geographical location and is given an equal opportunity to benefit from the ecosystem we are creating to create. Thus the TITA project will:

Identify obstacles which prevent information technology and particularly information from achieving its potential impact
Provide our basic and grassroots models in incorporating the producing communities into our ecosystem.
Stabilize the telecentre
Developed points of expertise within communities
Develop relationships with a successful and innovative organization within the region.
Keep driving to achieve self-reliance.

Token and ICO Details

Symbol: TTN

Hard Cap: 87,500,000 TTN

Soft Cap: 5,000,000 TTN

Total supply: 250,000,000 TTN

Decimals :18

Max circulating supply: 87,500,000 TTN

Tokens for sale: 87,400,000 TTN

Token price: $0.1 USD

Technical specifications: ERC20 token

Token sale date: July 27th 2018

Token sale time: 13:00 UTC

Sale duration: 2 months (or once hard cap is reached).

Funds distribution

Token distribution

Problem

Here, we address some of the basic and pressing challenges of global commodity trade and how it affects the end products that we see today. These are the problems the TITA project is built into provide solutions to.

Cash Settlement

The main drawback in cash settlement is that the commodities spot wholesale market is not an organized one (globally). Commodity prices vary from location to location and also in accordance with their quality characteristics, variety and preferred end-uses in different locations.

There is no single unique cash price quotation for a commodity valid throughout the country at any given time.

Credit Lines

Access to international markets becoming more constrained as a result of tighter credit lines of intermediaries in developed markets.

Logistics

Commodity traders know that a typical metals shipment is not just from mine to smelter or refiner to purchaser; rather, it can involve ships, trains, warehouses, and factories along the way. And even when that shipment sits in on a barge or vessel for a month or in a factory for a year, its ownership can change multiple times.

Technology

The commodities markets have been laggards when it comes to innovative and cutting-edge technology. Many commodities traders have invested heavily in their Commodities Trading and Risk Management (CTRM) technology. However, Many companies and individuals are not satisfied that they are unlocking the full benefits of their investment