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Solana Tapswap Coin Rises After Launch – Here’s Everything You Need To Know
- TAPS increased more than 4%.
- The community preferred Bybit as the exchange of choice.
Tapswap has attracted significant attention, particularly with the recent launch of its TAPS token. The mining-focused project has seen the TAPS token increase in popularity following its recent initial coin offering (ICO).
TapSwap launches TAPS
Tapswap is based on Solana blockchain and serves as a trading platform and ecosystem where users can mine, stake and participate in governance through its token.
Tapswap Coin focuses primarily on decentralized finance (DeFi) applications, with particular emphasis on innovative token mining and decentralized exchange (DEX) features.
The platform aims to make token mining accessible to a wide audience through a user-friendly clicker game, enhancing the user experience and promoting broad participation in the DeFi space.
Analysis of Tapswap tokenomics
According to Tapswap tokenomics, the TAPS token will have a total supply of 1 billion tokens. Of this total supply, 500 million TAPS (50%) will be allocated to active community members.
Furthermore, 300 million TAPS (30%) are reserved for platform development, financing of innovative projects and marketing.
Additionally, 100 million TAPS (10%) will be allocated to the development team and founders, with these tokens locked and released over four years to ensure alignment with community interests.
The remaining 10% will support advisory roles, marketing activities and liquidity enhancement.
According to the project roadmapthe launch of the token was part of the second phase of the project.
TAPS continues to make money after launch
Analysis of Tapswap’s price action showed that it was trading at around $0.0085 when it launched on May 8. However, it has seen a significant increase since then.
At the time of this writing, TAPS was trading at around $0.0106, reflecting an increase of more than 5%. Price action indicates that TAPS has seen substantial daily increases since its launch, with the highest daily increase recorded on May 15, when it increased by 9.52%.
Source: CoinMarketCap
Despite these gains, TAPS has not yet been listed on any major stock exchange. According to a poll on its X page, it may be listed first on Bybit. Additionally, a recent announcement revealed that TapSwap now has 17 million players.