In the next couple weeks we will be bringing one of the most ambitious updates to the Tap platform since our launch, the introduction of Farming, Staking, Dega Token, Burn Contracts, and Transactional spread to pools. We wanted to take some of the time ahead of the launch to highlight some of the points that users should expect when the update launches.
If you haven’t read some of our detailed articles that discuss the update you can check out the latest ones here, Farming, Staking and Dega on the Tap Platform or Staking, Minting and Exclusive NFT’s — Tap Platform .
Firstly, we want to cover a few of the basic changes that will be occurring. As noted in the previous articles, a .35% transactional fee will be applied to all transactions on the platform, conversions, challenges, and farming. .25% of each transaction will be sent to the staking pool to be divided to those users whom have staked (.5% to Publishers/Developers & .5% to Tap Project ). We have made this an integral portion of the platform and want to encourage other networks and systems to truly create a decentralized platform by also spreading fee revenue to its users. We anticipate a large number of off-chain and on-chain transactions to be pushing portions of TTT back to its users.
To coincide with this, each on-chain transaction will burn a small portion of Tapcoin from the identified burn wallet. The amount burned will be portionate to the amount of transactions in a month and is adjusted based on those numbers. The amount burned per transaction is listed during each on-chain transaction. At the time of writing, the burn contract is set to burn approximately 500M TTT over its course of time as a maximum of 1–3% of the burn supply will be used per month — Ultimately reducing the supply from 1.5B to 1B TTT by the end of the entire cycle.
It is important to understand those two additions as this helps provide a framework of what will be going on behind the scene when you interact with the Tap platform.
The steam challenges section will remain on the Tap Platform and is expected to be a heavy hitter when it comes to platform usage and transactions. Users will be able to link their steam accounts, play steam games and claim TTT everytime they complete a challenge! We will be uploading a large number of new steam games for users and will be adjusting them according to demand.
The loot farm allows users to farm Tapcoin (TTT) by depositing UNI-V2 LP tokens, received from https://app.uniswap.org/#/swap .
Upon launch of the update there will be four pools that users can earn TTT from.
The TTT-ETH farm pool will receive an incentivized reward amount that is approximately 5X greater than that of other pools. The reward schedule will be released closer to the date. Additionally, contributing to the TTT-ETH pool will provide users the opportunity to earn Dega Tokens. Dega gas tokens can can be acquired and used on the Tap platform to save up to 30% on gas fees — a limited supply of 20,000 Dega gas tokens will be available.
We will begin Mainnet testing with Dega and will be able to provide further screenshots and exact gas costs savings for users. To ensure that users are saving the suitable amount of gas Dega tokens will be released when optimal testing is met.
Tap Platform staking will be located at www.tapplatform.io and allows users to stake their TTT in order to receive TapcoinX (“TTTX”) . Users receive a proportional % of Tap Platform fees based on the amount of TapcoinX tokens that they hold. There is no time limit lock on the amount you stake, however, the longer you stake the more you earn from transactional rewards — therefore, simply depositing and withdrawing won’t gather any rewards. Rewards are updated automatically via a ticker on the platform allowing users to see their rewards in real time.
Additionally, community staking goals will unlock what we hope to be one the most exciting of hunts the blockchain space has seen. This could be the key to new cards of wealth. Dont pull away, keep your eyes on the Tap Platform, stay tuned for more!
We are extremely excited for the new updates, and know that they bring some new changes to the platform. We believe that these changes will be well received by the community and have already began making some behind the scene (cool) advancements. Stay glued to our telegram channel as we will be dropping a major hint into the Tapkey, its use and how staking will kick off the “hunt”.
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