Tap Protocol

About Tap Protocol

Tap Protocol is revolutionizing Bitcoin with the first native Bitcoin smart contract directly accessing UTXO on Bitcoin Layer 1. Through seamless integration, Tap enables a bridge between Ethereum and Bitcoin, allowing for unprecedented native Bitcoin swaps and cross-chain functionality. The eco is powered by the Tap token (TAP), which drives key features like bridging, staking, and governance. With innovative account abstraction and privileged authority mechanisms, Tap is at the forefront of de Highlight/Vision: Tap Protocol’s vision is to unlock Bitcoin’s full potential by enabling native smart contracts on Bitcoin Layer 1. By bridging Bitcoin with Ethereum and EVM networks, Tap aims to create seamless cross-chain functionality, revolutionizing decentralized finance through swaps, marketplaces, and secure bridges, all powered by the TAP token eco_. Token Economics: The TAP token powers the Tap Protocol eco_, enabling key functions such as cross-chain bridging between Bitcoin and Ethereum, staking for network security, and governance participation. TAP is also used for some transaction fees, facilitating native Bitcoin swaps, and accessing decentralized finance features like the marketplace and privileged authority mechanisms. Technical Overview: Tap Protocol introduces native Bitcoin smart contracts, leveraging Bitcoin_s UTXO model directly on Layer 1. It enables cross-chain bridging with Ethereum and EVM networks, native Bitcoin swaps, and a secure marketplace. Powered by the TAP token, it incorporates account abstraction and privileged authority mechanisms for seamless Bitcoin DeFi. Token Allocation: Seed: 9.24%, 2.5% unlock at TGE, 4 months cliff and linear unlocking for 24 months Private: 12.52%, 2.5% unlock at TGE, 4 months cliff and linear unlocking for 24 months Public Sale: 7.5%, 10% unlock at TGE, linear unlocking for 12 months Airdrop: 6%, 100% unlock at TGE Fundation: 22.5%, no unlock at TGE, 4 months cliff and linear unlocking for 48 months Exchange & Liquidity: 10%, 20% unlock at TGE Defi & Staking: 15%, no unlock at TGE, linear unlock for 24 months Team: 13.24%, no unlock at TGE, 4 months cliff and linear unlocking for 24 months Advisor: 4%, no unlock at TGE, 4 months cliff and linear unlocking for 24 months