Beginner’s guide to understanding the Tapcoin
As Tapcoin’s begin to fall into the hands of many around the world we thought we would take this opportunity to break down the fundamentals of the Tapcoin, in the simplest form possible. The following is a brief simplified overview of the Tapcoin itself.
What is the Tapcoin?
Tapcoin (ERC-20) (TTT) is a token on the Ethereum network.
Tapcoins act as an intermediary token that make it possible to transfer and realize value from game to game. The Tap ecosystem consists of the Tapcoin , Tapkey tokens (Non-fungible)(“NFT”) and DEGA* tokens.
How Are Tapcoin’s Earned?
Tapcoin’s can be earned by:
- Exporting in-game score
- Converting Steam in-game Achievements
- Depositing UniV2 LP tokens*(farming)
- Staking TTT
Tapcoins can also be purchased from Uniswap
What is Dega Gas Token?
Ethereum Gas prices can range from $ 10–50 during high transaction times. DEGA tokens can be used on the Tap Platform to lower Ethereum gas costs any where from 30–50%.
DEGA tokens have the ability to be adopted by other blockchain gaming platforms.
What can you use Tapcoins for?
Tapcoins can be used to:
• Import TTT into games to buy upgrades
• Realize Game currency to Ethereum Value
• Stake TTT and earn Transactional Revenue
- Use TTT to upgrade Tapkeys*
What is the Tapkey ?
Tapkeys (ERC-721) are a NFT on the Tap platform. Upgrading Tapkeys with Tapcoins unlock premium features within the Tap platform.
Tapkey Upgrade levels:
Level 1: Game conversions
Level 2: Steam Achievements
Level 3+: Great NFT Hunt Packs
Tapkeys are required as entry to “The Great NFT Hunt”
The Great NFT Hunt — Digital Trading Card Scavenger Hunt for a chance at cash prize!
What is Tapcoin Farming?
Loot farming allows users to yield farm Tapcoin by depositing Uniswap Liquidity tokens (UNI-V2 LP). Users receive 5X reward bonus for depositing TTT-ETH Uni-V2 Lp tokens. To begin there are four identified pools:
What is Tapcoin Staking?
Users receive a proportional % of Tap Platform Transactional revenue when they stake TTT. A .35% transactional fee is applied to every transaction on the Tap Platform. .25% is sent to the staking pool and distributed to stakers — stakers then receive a portion of that depending on the amount they hold within the pool.
Tap N Go Rewards: https://play.google.com/store/apps/details?id=net.tapngo.android