Staking and Farming on the Tap Platform
The Tap Team has recently gone to a lot of work and effort to bring to everyone not only a new user interface but also a simplified platform that includes opportunities to stake and farm.
So, what is staking and farming all about?
When you sign up on the Tap Platform (www.tapplatform.io) you have options to transfer your Tapcoins ($TTT) into other games, cash it out or stake and farm it.
So, what is staking and farming and what is the difference?
Staking: Whenever a transaction is made on the Tap Platform a transaction fee occurs. Staking allows users to receive a portion of that transaction revenue. Staking means users simply hold their TTT on the platform take advantage of this.
Farming: Farming is when Uniswap Liquidity tokens are deposited to obtain additional Tapcoins. By depositing Uniswap tokens this allows the token holders to generate a passive flow of income ($TTT) by locking their funds into a pool for interests as a return.
While they both are ways to invest your cryptocurrency, farming can be used in various projects and tend to earn users more yield than staking as the risk is higher. Whereas with staking you are just providing liquidity to a platform.
How to begin? Go to Tap Platform and sign in!
Want to read the nitty gritty, find out more here!
What is the Tap Project?
The Tap Project is a revolutionary blockchain project that aims to decentralize the gaming industry by providing gamers and developers with options and opportunities when it comes to in-game virtual currencies; By allowing gamers opportunities to convert and transfer their in-game currencies across multiple platforms and games. The Tap plugin built for Unity and Unreal, increases discoverability, engagement, cross-platform play and revenue for developers using a tiered transactional revenue model.
The Tap Project Milestones:
- Tap N Go Rewards : Over 100K Downloads on Google Play Store
- 20K Users on the Tap Platform allowing gamers to play, games, and convert game score to TTT
- Patent Pending IP
- Proof of Mastery Protocol
- 3 Year Platform Development and Strong Core Development Team
Tap N Go Rewards: https://play.google.com/store/apps/details?id=net.tapngo.android