Tap Protocol is an advanced protocol built to serve the Bitcoin Ordinals, allowing users to perform many complex financial tasks directly on the Bitcoin network. Tap Protocol is designed to be more flexible and user-friendly with features such as staking, swapping, and liquidity pools, without the need for a second layer or complicated mechanism.
So what’s special about Tap Protocol? Let’s find out through the article below.
Tap Protocol Overview
What is Tap Protocol?
Tap Protocol is a protocol that allows users to perform financial operations on Bitcoin Ordinals, also known as OrdFi. Tap Protocol is specifically designed to provide functionality consistent with the Bitcoin network experience.
Tap Protocol is a protocol within the TRAC ecosystem – a tracking metaprotocol built around Bitcoin.
What is TAP Protocol?
Tap protocol is supporting services such as:
- Swap and Staking: With Tap Ecosystem, users do not need to spend much effort to swap tokens and stake them to strengthen the network and earn profits.
- Liquidity Pools: Tap supports the creation of pools of tokens that users want, allowing liquidity providers to earn transaction fees.
- Token Authentication: The protocol provides a set of tools for authenticating tokens.
- Tap Art: Allows linking Ordinals to existing tokens in the protocol, helping to split ownership of valuable Ordinals. By extending the Tap protocol, the provenance of both tokens and ownership with Ordinals will be preserved.
- Multi-send: Users can send multiple transactions at once (Multiple Transactions), simplifying the distribution of tokens to multiple recipients. This helps projects to Airdrop to users easily and cost-effectively.
- Multi-assets Protocol: Tap operates as a multi-assets protocol, which means Tap can manage multiple assets but only with a certain standard, expanding trading opportunities and Interact with the Bitcoin network.
Development Roadmap
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Core Team
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Investor
- December 17, 2023: Tap Protocol has raised $4.2M in its latest round of funding led by Sora Ventures, with participation from Animoca Brands, Skry Labs, Bluenode Capital, Quantstamp, X Ventures, etc. .
Tokenomics
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Exchanges
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Project Information Channel
- Twitter: https://twitter.com/tap_protocol
- Website: https://trac.network/tap/
- Telegram:
Summary
With the growth of Bitcoin Ordinals, more and more protocols are being built to create an economy around Ordinals. With the Trac ecosystem and its vision, Tap Protocol is building a protocol that helps users increase capital utilization for their Ordinals.
