TITLE token purchase FAQ

What is a TITLE token and how does it work?
TITLE is a token that contains a smart contract for a personal loan made from the initial TITLE buyer to HOM DAO for a period of five years. When you buy a TITLE token, those proceeds are used by HOM DAO to fund operations for the Title App project. Each TITLE token will earn 10% interest per year, paid out daily in TITLE tokens. The loan is secured by the cash flow generated by the Title App's software as a service.
How much are the interest payments for TITLE tokens?
Interest is paid at a rate of 10% simple interest per year. Interest is not paid on tokens that are awarded as interest. Interest is paid for a term of five years.
How can I purchase TITLE tokens?
TITLE tokens can be purchased on the Redlight Chain DEX called Dawnswap. You can access Dawnswap with a Metamask wallet. Redlight and Dawnswap are domiciled in the United Arab Emirates.
You can purchase title tokens using either USDT or REDLC.
Can I stake TITLE tokens?
Yes. Starting in July 2023, you will be able to stake TITLE tokens to earn rewards through the Pinnacle Pools program on Redlight Network.
You will also be able to stake USDT(R) and earn TITLE rewards in the Pinnacle pools program
What is Pinnacle staking?
Pinnacle staking is similar to a CD with a bank. You deposit your currency, like TITLE or USDT, for a certain amount of time and you earn rewards, like interest. Staking has a term, which is the minimum amount of time you need to keep the tokens on deposit to earn the awards.
What is the staking award for TITLE tokens?
The final staking schedule will be released on June 30, 2023, but the estimated award for staking is going to be in the range of 10% per year, paid in TITLE tokens.
What is the TITLE token voting game?
Once a year, there will be a vote to earn game with all the people who own TITLE tokens. The game will consist of a vote on a subject that's important to the Title App. The more people that vote, the higher the award. For example, if 100% of the TITLE token holders vote (either for or against, it doesn't matter), everyone gets a 10% award paid in TITLE tokens. The interest and the awards are paid using TITLE tokens.
How is the Title App project decentralized?
The HOM DAO community serves as the decentralized board of directors for the Title App project. The Title App was created as a project by the HOM DAO community and its major decisions continue to be directed by HOM DAO decentralized voting processes.
What are the risks associated with purchasing TITLE tokens?
The risks associated with purchasing TITLE tokens are outlined in the Title App's risk factors, which can be found on their website at https://titleapp.net/riskfactors1/.
How is the redemption of TITLE tokens planned to be funded?
The funds to redeem the TITLE tokens will be generated by the positive cash flow from the Title App's software as a service, and will be held in a liquidity pool.
What is the face value of a TITLE token?
The face value of a TITLE token is 1 USDT.
Can I hold onto my TITLE tokens instead of redeeming them for USDT at the end of the five-year term?
Yes, you can hold onto your TITLE tokens if you’d like to and trade them instead of redeeming them for USDT. HOM DAO may vote to convert TITLE to some other form of token in the future.
What happens if the Title App is unable to fund the liquidity pool from operating revenue?
If the Title App is unable to turn a profit, there is a risk that they may default on the redemption of the TITLE tokens for USDT. Please read the risk factors here: https://titleapp.net/riskfactors1/
Who is the counter party for the loan in the TITLE smart contract?
The counter party for the loan in the TITLE smart contract is HOM DAO Foundation in the Cayman Islands.
Will the code for the TITLE token smart contracts be published?
Yes, the code for the smart contract will be published in the HOM DAO Github prior to public release of TITLE.
Will HOM DAO create another legal entity for the Title App project?
HOM DAO may create another legal entity for the Title App project, and the smart contract contemplates the ability to assign the obligations of the smart contract to that entity.