gTTT — Tapcoin Governance
What is gTTT? And what does a governance token means for Tapcoin
The Tapcoin Governance token (“gTTT”) allows users voting rights for those holding tokens. It also allows those governance users the ability to contribute to a community treasury. The community treasury is a fund run and controlled by those holding the governance token. This is done to help facilitate community proposed endeavors and ideas.
At its inception, users will be able to go to NFTanywhere and claim gTTT. Users will be snapshotted and whitelisted to determine eligibility. Those who have provided liquidity to the TTT/ETH pool on Uniswap and hold Tapcoins will receive gTTT by a 4:1 ratio respectively. And going forward those who provide liquidity will be eligible to claim their gTTT.
To start only 20,000 gTTT will be minted. More can be minted if it is voted on by governance vote. 50% approval is required for any community proposals to be passed. Tokens are staked and once the vote has been casted gTTT will be locked for 3 days. Users will be rewarded by participating in voting and community decisions.
A user name and a small submission fee will be required in order to stop proposal spamming. If a proposal is rejected the community can vote to have that proposal not re-voted on for a series of months to protect from constant resubmissions.
Holders will be able to vote for the following (this list is not exhaustive and may be added to at a later date):
- Steam integrated games selection
- Amount of NFT’s available for games
- Amount of governance tokens to be minted
- The use of the community treasury
- Transactional Revenue scale for stakers
- Great NFT hunt prize pool decay scale
How am I eligible ?
- Starting April 21st (PST), Tapcoin platform liquidity rewards will stop and rewards will begin being distributed directly to those who hold liquidity tokens in their wallets (proportionate to the amount of LP they hold). Therefore, you must withdraw Tapcoin Liquidity tokens from www.tapplatform.io to begin receiving dropped rewards daily! (up to 6 Million TTT rewards will be issued in the first month)
- Once your LP tokens are in your wallet, users will be snapshotted, whitelisted and can claim their gTTT from NFTanywhere.com. If you have Uniswap V2 tokens, you can claim 4X more than those who simply hold tokens.
- Those who are currently staking Tapcoins on the platform will not need to move their tokens and will be eligible.
What should I do?
- To receive you must either hold Tapcoins or have provided liquidity to Uniswap and received TTT/ETH Uni V3 LP tokens.
- On April 21st, go to NFTanywhere and claim your gTTT (*only those eligible will be able to claim)
- Voting and community proposals will begin on the www.tapproject.net shortly after!
About Tap Project
The Tap Project is a revolutionary blockchain platform that aims to decentralize the gaming industry by providing gamers and developers with options when it comes to virtual currencies. Gamers are able 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