Tap Protocol airdrop is coming soon! Token TAP snapshot, allocation and introduction to qualified wallets

This site (120Btc.coM) released the latest news about the Tap Protocol airdrop yesterday (9). According to the content of the message, the airdrop plan involves the distribution of $TAP tokens and related execution processes. At the same time, only qualified ecological members can participate in airdrop activities. However, no token economic details have been revealed yet, which remains an important piece of undisclosed information.

A glance at the Trac universe: Tap protocol, Trac Core and Pipe

Tap Protocol is a diversified asset financial protocol focusing on the Bitcoin ordinal field. It was launched by Trac Systems, a new German startup, and its products include Trac Core and Pipe. Tap Protocol’s goal is to expand the compatibility and multifunctional applications of the Bitcoin ecosystem.

It is reported that the protagonist of this article, Tap protocal, can help users implement complex financial operations based on the Ordinals ecosystem directly on the Bitcoin blockchain:

OrdFi's intuitive and user-friendly interface design makes functions such as token trading, staking, and liquidity pools on the Bitcoin network easy to understand, and users do not need to understand complex operating mechanisms to operate them.

In December last year, Tap Protocol successfully received a round of financing led by Sora Ventures, with the financing amount reaching US$4.2 million. The CEO of Trac Systems stated that they will continue to focus on exploring the areas of tokenization, gamification and OrdFi on the network.

$TAP Token Airdrop Plan

According to the article published by Chief Strategy Officer Raspberry, the key points of this airdrop of $TAP Token will be summarized below:

• Airdrop target

First of all, the airdrop of TAP tokens will cover 3 members of the Trac ecosystem, including $TRAC and $PIPE token holders, Tap protocol participants and Tap protocol builders aim to inspire the entire Trac ecosystem.

He also revealed that currently only those holding $TRAC and $PIPE tokens are eligible, and other entertainment tokens that have no substantial meaning in the ecosystem will not be taken into consideration.

• Token Allocation

Next, as the native token of the Trac ecosystem, $TRAC will account for 80% of the airdrop allocation, while the Pipe protocol’s The main token, $PIPE, will receive 20% of the airdrop allocation.

However, regarding the previously issued $-Tap token, officials stated that it will not exist in the form of airdrops, but will be provided to ecological participants based on $-Tap after the $Tap token is launched. Something special.

• Airdrop Mechanism

Regarding the airdrop mechanism, the official stated that it will be carried out on two key dates and intervals, including February 28 and Wallet snapshot for Q2 2024 (unknown date).

February 28 Snapshot: Assess the holdings of $TRAC and $PIPE in the wallet, and airdrop proportionately when $TAP tokens are issued

2024 Quarter 2 Snapshot: Again Take a wallet snapshot and distribute the second batch of $TAP airdrop

In addition, after the second airdrop, an additional 50% of the total $TAP rewards will continue to be distributed to long-term holders.

• Eligible wallets

In addition, the official also emphasized that only wallets including Ordinal Wallet, Xverse, UniSat and other wallets can participate in the airdrop. Those who purchase and hold $TRAC and $PIPE on exchanges will not be snapshotted.

• Reward mechanism for participants and developers

As for how to obtain $TAP airdrops by interacting with Tap Protocol, official instructions will be monitored The interaction with the Tap protocol in each wallet, including the use of related dApps, as well as minting and cross-chain assets, etc.

The text mentioned DMT-NAT, Ghosty Cash, BitMaps and Foxxi, and revealed that more projects will be launched in recent months, all of which will be driven by $TAP tokens.

In addition, the official also emphasized that in the third and fourth quarters, the most popular protocols on Tap will be confirmed by users, and protocol developers will be rewarded through $TAP airdrops.

• Token Economics

However, the current total supply of $TAP tokens and the use and distribution of other tokens are still unclear. Not yet known, the official said it will be announced gradually.

The above is the detailed content of Tap Protocol airdrop is coming soon! Token TAP snapshot, allocation and introduction to qualified wallets. For more information, please follow other related articles on the PHP Chinese website!