Cayman Islands — Token launch supports the Title App project which creates a global title system based on AI and distributed Ledger technology.
Melbourne, Australia and George Town, Cayman Islands – Redlight Network and HOMDAO Foundation jointly announce the launch of TITLE, a ﬁve-year loan token that will support the revolutionary Title App project.
The Title App will provide NFTs, called Digital Title Certiﬁcates, that track the chain of ownership for all assets, including real estate, automobiles, boats, and eventually all physical goods and even assets such as stocks. The project will bring much-needed transparency and eﬃciency to the transfer of ownership in these industries; saving time and money for all parties involved.
The Title App will create a global title registry based on the blockchain
“We are excited to announce the launch of the TITLE token and support the Title App project, which demonstrates the power of gasless blockchain technology,” said Redlight Chain CoFounder, Rory Fearn.
The launch date of May 21, 2023, was speciﬁcally chosen as it aligns with the Fibonacci sequence, adding an element of numerology to the project.
The Title App has created NFTs, called Digital Title Certificates, for all properties on Earth. AI systems build and maintain the records for accuracy.
The initial offering of TITLE tokens will be 1,000,000, with a maximum of 10,000,000 TITLE loan tokens to be released, subject to demand. The tokens can be purchased on DAWNSwap using USDT-R. However, TITLE is not available to US citizens.
“We are thrilled to launch the TITLE token with our partners at Redlight Chain. Title Apphas the potential to transform economic systems around the world” said HOM DAO member and Title App Project Leader Sean Combs. “We are committed to building amore transparent and efficient future, and we believe that Redlight’s gasless blockchain technology will play a critical role in achieving that goal.”
Digital Title Certificates are used in the Title App to transfer Title between owners, saving massive amounts of money and time and eliminating errors
To participate in the project, interested parties can register on the whitelist. Identiﬁcation veriﬁcation is required prior to purchasing TITLE. It’s important to be aware of the risk factors involved and make your own choice regarding whether you want to get involved with TITLE.
For more information on the Title App project and the HOM DAO Foundation, please visit their website.
HOM DAO Foundation
George Town, Grand Cayman
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Economic Think journalist was involved in the writing and production of this article.