Introducing TTT Membership -UniswapV2 Liquidity Rewards Program!
Last week we officially announced that the Tapcoin was live on Uniswap. Uniswap provides the opportunity for token holders and users to permissionlessly provide peer-to-contract trading experience and swapability.
However, being a liquidity provider on Uniswap carries its risk, and we believe that there is an opportunity for peer-to-contract systems and an opportunity to explore the many use cases of these methods.
Here is the direct link to our our TTT/ETH pool on Uniswap V2
Today we are extremely excited to announce an experiment and trial period in which we will be running for the next four weeks to test whether protocol level incentives lead to a deep liquidity pool for the TTT/ETH pair on Uniswap — calling it TTT Membership Liquidity Rewards.
As we continue to advance our entire ecosystem it is important to ensure that the on-boarding process and the ability to obtain TTT is easy for new members as it is for experienced ones. The Tap N Go Rewards app has done a great job in providing a small stepping stone for users in something they are familiar with and adding Uniswap to the mix, will only continue to be the case.
The first round of the TTT liquidity rewards program will commence on Tuesday September 1st , 2020 . Over a 30 day period, ending October 1st, 2020.
Over the course of the 30 day period, the following rewards will be distributed based on address % to liquidity providers:
- 5,000,000 TTT (5M) (Total)
- 10% of Tap Project commissions will be distributed to liquidity providers in the form of ETH.
Simply, during this first round users will be provided with Tapcoin (TTT) and Ethereum (TTT) based on the address allocated %.
If successful, we expect more Tapcoin liquidity reward programs to follow across other protocols such as Balancer. We are interested in experimenting with the peer-to-contract protocols and seeing where this may take the project.
TTT/ETH liquidity on Uniswap v2
Amount: 166K TTT distributed daily, at random times to liquidity provider addresses — thus will be distributed based on % .
10% of Tap Project network commissions distribute in ETH , at random times to liquidity provider addresses — thus will be distributed based on % .
Duration: September 1st 2020— October 1st, 2020
TTT contract address: 0x9F599410D207f3D2828a8712e5e543AC2E040382
How it works
To stake and begin earning TTT liquidity rewards:
- You must first provide liquidity to the TTT/ETH pool on Uniswap V2.
- For providing liquidity you will receive UNI-V2 (UNI) tokens, which represent the tokens you have contributed to the pool. Uniswap will calculate your % in the pool and rewards will be distributed based on that.
- That’s it! Each day, TTT and ETH will be distributed to the Liquidity pool and addresses will receive the distributed amounts based on their Pool share.
The specific distribution rules will be as follows:
- TTT and ETH will be distributed based on each address’ percentage of the total UNI staked in the rewards contract.
- The amount of TTT and ETH rewards paid out are proportional to the balance of each address and time staked.
- Although deposits are open now, the rewards clock starts on September 1st 2020 and will run until October 1st 2020.
Stay tuned for more information! Subscribe to our newsletter at www.tapproject.net or follow us on our social media
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