Solana’s Tapswap coin rises post-launch – Here’s all you need to know

• TAPS increased by over 4%.
• The community has favored Bybit as their exchange of choice.

Tapswap has generated significant attention, particularly with the recent launch of its TAPS token. The project, which focuses on mining, has seen the TAPS token surge in popularity following its recent Initial Coin Offering (ICO).

TapSwap launches TAPS

Tapswap is built on the Solana blockchain and serves as a trading platform and ecosystem where users can mine, stake, and participate in governance through its token.

The Tapswap Coin focuses primarily on decentralized finance (DeFi) applications, with a particular emphasis on innovative token mining and decentralized exchange (DEX) functionalities.

The platform aims to make token mining accessible to a broad audience through a user-friendly clicker game, enhancing the user experience and promoting widespread participation in the DeFi space.

Analyzing the Tapswap tokenomics

According to Tapswap’s tokenomics, the TAPS token will have a total supply of 1 billion tokens. Of this total supply, 500 million TAPS (50%) will be allocated to active community members.

Additionally, 300 million TAPS (30%) are reserved for platform development, funding innovative projects, and marketing. 

Furthermore, 100 million TAPS (10%) will be allocated to the development team and founders, with these tokens locked and released over four years to ensure alignment with community interests.

The remaining 10% will support advisory roles, marketing efforts, and liquidity enhancement.

According to the project roadmap, the token launch was part of phase two of the project.

TAPS continues to gain post-launch

Analysis of the Tapswap price trend showed that it traded at around $0.0085 when it launched on 8th May. However, it has seen a significant increase since then.

At the time of this writing, TAPS was trading at around $0.0106, reflecting an increase of over 5%. The price trend indicates that TAPS has been experiencing substantial daily increases since its launch, with the highest daily increase recorded on 15th May, when it surged by 9.52%.

Source: CoinMarketCap

Despite these gains, TAPS has yet to be listed on any major exchanges. According to a poll on its X page, it might be listed on Bybit first. Additionally, a recent announcement revealed that TapSwap now has 17 million players.