Tap Protocol: CoinList tokensale details and contest
The CoinList team has announced the Tap Protocol token sale. At the time of writing this is already the 12th campaign to publicly sell tokens in 2024 on the platform.
To participate, you need to lock in your desired allocation redemption amount for the period of the event, namely between $100 and $2500. New users also need to register and go through the Know Your Custumer (KYC) process. The tokensale itself will last until June 5, 2024, 17:00 (UTC).
For CoinList, 7.5% of the total offering of 21 million TAP tokens at a price of $3.57 has been distributed. The total planned number of assets for the campaign is 1,575,000 TAP.
We remind you that after CoinList abandoned the format with queues, Karma points play an important role. Their accumulation we have considered in the article and video, which you can use for familiarization.
In this article we will tell you about the Tap Protocol, review the basic metrics, and show you how to participate in the tokensale.
About the project
Tap Protocol is working to improve the flexibility of computing on the bitcoin network. The project is a tool for developers that tries to maintain accessibility and open up more possibilities in Bitcoin programming.
Thanks to Tap Protocol, users are now able to create dApps and tools that were previously impossible on Ordinals without the need for complex integrations. According to the project team, Tap Protocol is to Ordinals what Ethereum is to EVM.
At the end of 2023, $4.2 million has been invested in the project, with the ICO on CoinList expected to raise an additional $5.62 million.
Token utility and key metrics
The TAP native token is a reward for ecosystem members and offers the following functionality:
- Creation of Promises: TAP serves as the primary utility token that will be used to pay for gas and is required to implement key elements;
- discounts, rewards and payments;
- management of other ecosystem protocols.
Metrics
The tokens sold in the public round will be locked until approximately the end of June 2024, after which there will be a 10% unlocking during a listing on centralized exchanges (CEX) followed by a twelve-month linear vesting period.
Step-by-step instructions on how to register for the sale from Coinlist
Important: distribution of TAP tokens will take place on the xerse wallet. Download the extension at link. You also need to use Google Chrome browser.
- Follow the link and click Participate Now. Next, authorize if you have an account. If not, click Sign Up and register:
- Then go through the short registration for the token sale, confirming our data.
- Specify the amount up to $2500 for which you want to buy tokens and click Continue. In case of insufficient funds go to deposit.
- Choose USDT or USDC in the wallet and click Deposit. Copy or scan the address to make the transfer. Wait for crediting and return to registration.
Note: the deposit must be made on the Ethereum network. If you transfer to another network, the funds will be lost.
- Wait for an email confirming the purchase or a notification to wait for the funds to be unlocked.
Conclusion
If, as the project states, TGE takes place at the end of June, this tokensale will have the shortest duration from the end of the campaign to the start of bidding among 2024 participants. Meanwhile, the unlocking of tokens on TGE is 10% and the distribution of the remaining 90% will be released over a 15-month period. The team plans to raise $5.62 million in the ICO. To decide whether to participate in this sale, it’s worth researching tokenomics and taking into account the overall market sentiment.
Highlights:
- minimum allocation — $100;
- maximum allocation — $2500;
- registration deadline is June 5;
- listing around the end of June 2024.
Useful links: Discord | X | Website
If you have any questions while going through the activity, you can ask them in our Telegram chat.
All information is provided for educational purposes only and should not be used as a basis for making investment decisions, nor should it be considered as a recommendation or advice to participate in investment transactions. Do Your Own Research.
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