Thorwallet the Switzerland based company into exchange and trading has been doing the crypto trades for some time now. And they are being updated with their internal tokens recently as they are in process to launch the TITN token. This is an internal utility token I am sure designed for internal use to reward members and bypass the legal issues. 

So this new trading utility token is going to offer the rewards to the users who are into the exchange making use of it. And they would be getting the USDC rewards for their work. 

The basic premise is encouraging the users to swap, save, stake and get rewarded for action. 

How does the cashback funds would be created? The system currently would be making use of the 70% of the swap fees in the trading towards the TITN token. And then would offer users to get the cashback in the USDC at the final endpoint. This would slowly develop the wallet and the services for the DeFi cashback engine and this would also retain the customers. 

TITN would also have its own mastercard and so the USDC powered mastercard would get the funds settled across the chains and the online places too. Considering this is going through legal means which means the over the counter usage would be reduced and same card would be usable across the europe too. And this also means the Swiss bank usage would be valid as well. 

Get more updates from the thorwallet on twitter.