The TAP protocol delays the TAP-token distribution event

• TAP Protocol moved the start date of his tap token from October 21, 2024 to October 23, 2024.
• TAP with a total range of 21 million will go live on Bitcoin and Ethereum

TAP Protocol, a decentralized financial platform for Bitcoin, has announced that the expected token distribution will now take place on October 23, 2024.

The protocol has previously announced that the token generation event (TGE) will take place on Monday, October 21, 2024. However, it released an update in the early Monday, which is pointed out that the TGE will now take place on Wednesday, October 23, at 12:00 p.m.

Why the TAP Protocol TGE delay?

According to the Bitcoin Defi protocol, the shift should enable ecosystem partners such as bridges to be adequately prepared for the possible increase in transactions.

"Nobody likes to delay, but unfortunately we have to postpone our TGE to October 23 at 12:00 UTC." Although we understand that the wait can be difficult, we would like to make sure that our bridge and other products are in perfect condition to support the expected high number of users, "said Tap Protocol posted on X .

TAP will be available at the start of the Bitcoin and Ethereum networks, while Roadmap highlights the token exchange, the marketplace and use as important milestones.

𝐋𝟏 🤝 $ tap be! 🔥

The supply of $ tap of course remains at 21 million, since our revolutionary tapethereum bridge ensures, that a 1: 1… pic.twitter.com/9f7yrcyc7g

- Tap on protocol (@tap_protocol) 17. October 2024

Remarkable on the TAP protocol is that the TAP token will have a fixed stock of 21 million tokens. The project uses the ordinal system with the aim of improving the defi and DAPPS capabilities of the BTC ecosystem via various assets. It does not include fungal tokens (NFTS).