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OrdFi enabling protocol for Bitcoin Ordinals

Launch Has Ended

Special Instructions

To participate in the TAP Protocol Token Launch, the following requirements are needed: 

IMPORTANT: The TAP Protocol team will be distributing TAP tokens to the linked external xverse wallet provided during the token launch purchase flow. All custodial and exchange wallets are strictly prohibited.   

Program Overview

We’re excited to announce our 12th Token Launch of 2024 with TAP, a cutting edge L1 solution that addresses the crucial need for a more flexible and accessible platform for Bitcoin development.

Bitcoin Ordinals enable the Bitcoin network to be used as a platform that enables functionalities similar to Ethereum, allowing for the creation of NFTs, tokens, DeFi applications, and DApps. However, at the L1 level, there has been a lack of flexibility for computations. TAP Protocol addresses this issue by offering alternative methods to achieve similar outcomes on L1.

The TAP Protocol is a groundbreaking advancement for the Bitcoin network by supporting secure, accessible development and unlocking unprecedented programmability. This decentralized platform outshines competitors with its unique ability to build on Bitcoin, addressing the limitations of traditional Bitcoin transactions. TAP is not just a development tool—it is a movement towards innovative, decentralized applications.

Key Highlights

  • Advanced Capabilities on Bitcoin Ordinals: With TAP, developers can now easily build applications and tools that weren’t possible prior on ordinals without the need for complex integration. Simply put, TAP Protocol is to Ordinals as Ethereum is to EVM. 
  • Simplified Usage: Unlike BRC20, TAP Protocol facilitates effortless token minting and transfer, making it attractive to users with limited technical expertise. In addition to this foundational feature, TAP Protocol offers versatility, including efficient and cost-effective airdrops, the release of both fungible and non-fungible tokens, OrdFi, DeFi. Hence, promoting wider Bitcoin adoption.
  • Enhanced Security: Leveraging Bitcoin’s existing infrastructure and inherent security features, TAP Protocol is a secure environment for transactions and development.
  • New Approach to Computation: New Approach to Computation: Promises - a novel approach to computations for L1 (similar to smart contracts natively on the Bitcoin Network) makes it possible to build games, metaverse experiences, productivity tools, and social applications, tapping into markets previously unreachable by standard blockchain applications directly on the Bitcoin Network.

    Launch Structure

    TAP Protocol Token Launch Details
    Token Launch Date May 29, 2024 at 18:00 UTC - June 5, 2024 at 18:00 UTC
    Token Price $3.57
    Vesting Schedule 10% unlocks at TGE, followed by a 12-month linear release. TGE is expected on or around June 28, 2024.
    Fully Diluted Network Value $75,000,000.00
    Total Token Supply 21,000,000 TAP tokens 
    Allocated Supply* 1,575,000 TAP; 7.5% of the total supply
    Purchase Limits Minimum: $100.00
    Maximum: $2,500.00
    Funding Methods USDC, USDT - (ERC-20 only)
    Excluded Participants Excluded participants include residents of the US (and its territories), Canada, China, and certain jurisdictions.
    Launch FAQ TAP Protocol Launch FAQ
    IMPORTANT:   

    To participate in the TAP Protocol Token Launch, the following requirements are needed: 

    IMPORTANT: The TAP Protocol team will be distributing TAP tokens to the linked external xverse wallet provided during the token launch purchase flow. All custodial and exchange wallets are strictly prohibited.   

    Tokenomics

    Token Supply: The total supply of the TAP Token is 21 million.

    Distribution: The exact token distribution and corresponding vests are listed below:




    The TAP token is the ultimate reward for ecosystem actors, and offers the following functionalities:

    • Creation of Promises: The TAP token is the cornerstone of the TAP Protocol, serving as its primary utility token. Engineered to enhance the ecosystem without being predatory, TAP token will be used for gas fees and essential for enabling crucial elements of Promises
    • Discounts, rewards, and payment: TAP is vital for the array of products that will be in our DApp store such as API tools, IDEs, Libraries for developers and applications such as DePIN, data streaming, and gaming. Its initial utility includes offering discounts on Tap-Marketplace fees and bridging fees, as well as supporting the OrdFi and DeFi infrastructure.
    • Governance for the other protocols: Furthermore, the Tap Token will play a pivotal role in supporting the other products within our current and future ecosystem offerings, acting as its main governance token. It stands out as one of the first utility tokens built on top of Ordinals, powering a comprehensive infrastructure that leverages Bitcoin's security. By holding the Tap Token, users hold the ability to play a role in future ecosystem development.

    Ecosystem

    TAP is used and trusted by over 50 projects and has over 70,000 individual wallets.


    Technology

    Tap enables the Bitcoin network to be used as a platform that enablies functionalities similar to Ethereum to several pioneer features: 


    • First Native Smart Contracts Design on Bitcoin (Promises): TAP introduces smart contract-like functionalities known as Promises, directly on Bitcoin. These Promises allow for more complex and trustless interactions within the ecosystem. Users can create peer to peer Promises without the need of a third party.
    • Fractionalizing Ordinals Art: TAP enables micro-ownership and greater accessibility to unique digital art, democratizing the ownership of digital assets.
    • Token Swaps and Liquidity Pools: Facilitating seamless exchanges and liquidity provision, TAP enhances market depth and user empowerment.
    • Borrowing, Lending, and Staking: Users can borrow against their holdings, lend to earn interest, and stake tokens to gain rewards and enhance network stability.

      Partners

      Roadmap


      Special Instructions

      To participate in the TAP Protocol Token Launch, the following requirements are needed: 

      IMPORTANT: The TAP Protocol team will be distributing TAP tokens to the linked external xverse wallet provided during the token launch purchase flow. All custodial and exchange wallets are strictly prohibited.