Tap Protocol Logo

Tap Protocol (TAP)

Active
Total Raise: $4,200,000
Date: TBA - 31 Dec

Tap Protocol is a protocol that extends the functionality of OrdFi by providing secure value locking on Bitcoin. As well as the transformative Ethereum DeFi summer, Tap Protocol acquaints us with similar capabilities on the Bitcoin blockchain, expanding the scope of value locking.

From a funding round led by Sora Ventures, the project has successfully raised $4,2M from reputable investors, including Animoca Brands, PetRock Capital, Cypher Capital, Kosmos Ventures, Compute Ventures, Cogitent Ventures, and many others. Skrylabs was an incubator of Tap Protocol.

❗️ ❗️ ❗ IMPORTANT:

Please note that all information, including our ratings and reviews, is presented purely for educational purposes. CoinLaunch isn't a financial advisor and doesn't intend for the information to be perceived as investment advice or recommendations. Our project evaluation methodology encompasses 89+ distinct variables/metrics, refined over time through the team's rich 7-year experience.

Tap Protocol Overview

Ticker: TAP
Country: Germany
Industry: Blockchain Service
Founded: 2023
Whitelist: No
Blockchain Network: Bitcoin
KYC: Yes
Bounty: Yes
MVP: Yes
Type: ICO
Security Audit: No

Tap Protocol Review

Tap Protocol is an advanced multi-asset metaprotocol for Bitcoin Ordinals that allows for more complex financial transactions to be conducted directly on the Bitcoin blockchain, taking advantage of the Ordinals ecosystem. It is designed to be more flexible and user-friendly than other token metaprotocols, allowing features such as token staking, swapping, and liquidity pools (among others) without the need for secondary layers or complex mechanisms.

Tap Protocol provides a complex ecosystem for Bitcoin financial transactions, often referred to as OrdFi, by providing a set of functionalities designed to make the Bitcoin experience more convenient:

  • Swapping and staking: In the TAP ecosystem, users can easily swap tokens and stake them to strengthen the network and earn rewards, combining liquidity with incentives.
  • Liquidity pools: TAP supports the creation of token pools that users can join, enabling decentralized trading and earning rewards.
  • Token authentication: Provides a framework for authenticating tokens within the platform, potentially for use as in-game currency or items.
  • TAP Art: Allows for the linking of Ordinals to tokens that live on the TAP protocol, allowing for the fractionalization of ownership of valuable artwork. By extending the TAP protocol, the provenance of both the tokens and their ownership will be preserved.
  • Multiple sending: Users can send multiple transactions at once, which simplifies the process of distributing tokens to different recipients. Distributing tokens within Ordinals with TAP provides a simple and cost-effective solution.
  • Multi-active protocol: Finally, TAP acts as a multi-asset protocol, which means it can work with different types of assets outside of a single standard, expanding the scope of transactions and interactions on the Bitcoin blockchain.

The $TAP token is not currently available on the market but will be soon. The token will be used to reduce fees in the protocol market, pay for developer tools and some interactions between developers and users, reduce fees for intermediate payments, and many other utilities on the protocol (Tokenomics will be added as soon as it becomes available).

$TAP token’s total supply is 21,000,000 tokens.

Tap Protocol crypto project’s Airdrop strategy holds on rewarding hodlers of $TRAC tokens and project supporters. They will be rewarded with early $TAP allocations.

The first snapshot of $TRAC holding was done on February 28, 2024. The next one was done on April 30, 2024. The allocations were divided equally between these two snapshots. People could get their tokens on the $TAP listing date (TBA).

On the 2nd of May, Trac announced that the $TAP token will be one of the next token launches on Coinlist.

Considering the upcoming $TAP token sale on Coinlist, CoinLaunch decided to analyze the entire Tap Protocol and investment opportunities the TAP crypto project provides. 

 

✅ Tap Protocol’s pros:

  • Great solution for Bitcoin Ordinals ecosystem;
  • Token launch on Coinlist;
  • Decent SMM coverage;
  • Team is active on public participating in AMA sessions;
  • Good PR performance;
  • Solid Growth Marketing;
  • Top tier Backers;
  • Team has decent experience.

📛 Tap Protocol’s cons:

  • Does not have public tokenomics yet;
  • CEO (BennyTheDev) is anonymous;
  • Has no public Smart Contract Audits;
  • Weak Influencer Marketing performance;
  • Below-the-average Search Engine Optimization;
  • Poor Marketing Infrastructure.

Tap Protocol Token Economy

Total Raise: $4,200,000
Total Supply: 21,000,000
Private/Pre-sale: (0%)
Public Sale: (0%)
Fully Diluted Valuation (FDV):
Initial Circulation Supply: (0% of FDV)

Tap Protocol Token Sale (ICO & IDO) Rounds

Private: 15 Dec - 16 Dec

Price: N/A
Tokens for sale: N/A
Raise: $4,200,000
Lock-Up: N/A
ICO: TBA - TBA

Price: N/A
Tokens for sale: N/A
Raise: N/A
Lock-Up: N/A
Launchpad: CoinList

Tap Protocol Funds and Backers
(3/15)

Submit
Animoca Ventures Logo
Animoca Brands (Ventures)
Score: Very High
7 numbers of
investment
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3 numbers of
investment
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3 numbers of
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Tap Protocol Marketing Activity

Search Engine Optimization
Social Media & Community Management
PR & Traffic
Marketing Infrastructure
Influencer Marketing
Growth Marketing
Last Update:  15 May 2024 Upgrade

Tap Protocol Team

BennyTheDev
BennyTheDev
CEO
David Silvester
David Silvester
CCO
Alex Philippine
Alex Philippine
CSO

Tap Protocol News

Tap Protocol Roadmap

MAY 2024

$TAP token launch on Coinlist;

Q2 2024

The first phase of the airdrop;

Q4 2024

The second phase of the airdrop.

Tap Protocol Airdrop & Retrodrop & Bounty

Airdrop
puffer finance logo
funds
Start Date:
28 Feb 2024
End Date:
31 Dec 2024
Difficulty:
Hard
Winners:
N/A
Rewards:
N/A

Description

Tap Protocol, an advanced multi-asset metaprotocol, that focuses on promoting financial applications on Bitcoin Ordinals, announced the $TAP token airdrop, including the $TAP token airdrop plan, execution process, and eligible ecological members.

However, still important information about the token economy remains non-public.

The airdrop will cover three main segments: Holders, TAP Protocol participants, and TAP Protocol Builders. These segments aim to incentivize and reward the entire ecosystem, fostering continuous growth.

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