Solana
Solana’s Tapswap Coin Surges Post-Launch – Here’s Everything You Need to Know
- TAPS increased by more than 4%.
- The community has favored Bybit as the exchange of choice.
Faucet Swap has received considerable attention, especially with the recent launch of its TAPS token. The project, which focuses on mining, has seen the TAPS token gain popularity following its recent initial coin offering (ICO).
TapSwap launches TAPS
Tapswap is built on the Solana blockchain and serves as a trading platform and ecosystem where users can mine, stake, and participate in governance through its token.
Tapswap Coin primarily focuses on decentralized finance (DeFi) applications, with a 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 click game, improving user experience and promoting widespread participation in the DeFi space.
Analyzing 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 members of the community.
In addition, 300 million TAPS (30%) are reserved for platform development, financing 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 efforts and liquidity enhancement.
According to the project roadmapthe launch of the token was part of the second phase of the project.
TAPS continues to gain traction after launch
Tapswap price trend analysis showed that it was trading at around $0.0085 when it launched on May 8. However, since then it has seen a significant increase.
At the time of writing, TAPS was trading at around $0.0106, reflecting an increase of over 5%. Price developments indicate that TAPS has seen substantial daily increases since its launch, with the largest daily increase recorded on May 15, with a rise of 9.52%.
Source: CoinMarketCap
Despite these gains, TAPS is not yet listed on any major exchange. According to a poll on its X page, it might be listed first on Bybit. Additionally, a recent announcement revealed that TapSwap now has 17 million players.
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