- Faucet Protocol has postponed the TAP token launch date from October 21, 2024 to October 23, 2024.
- With a complete provide of 21 million, TAP will launch on Bitcoin and Ethereum
Faucet Protocol, a decentralized monetary platform for Bitcoin, has introduced that its projected token distribution will now happen on October 23, 2024.
The protocol beforehand introduced that the Token Technology Occasion (TGE) can be on Monday, October 21, 2024. Nonetheless, it launched an replace early Monday, noting that the TGE will now happen on Wednesday, October 23 at 12:00 UTC.
Why the delay of Faucet Protocol TGE?
In response to the Bitcoin DeFi protocol, the delay is to permit ecosystem companions similar to bridges to be correctly ready for a possible surge in transactions.
“Nobody likes to be late, however sadly we’ve to postpone our TGE to October twenty third at 12:00 UTC. Whereas we perceive the wait will be tough, we wish to guarantee our bridge and different merchandise are in good situation to assist the anticipated excessive quantity of customers,” wrote Faucet Protocol on X.
TAP will probably be out there on the Bitcoin and Ethereum networks at launch, whereas the plan highlights token change, marketplaces and staking as key milestones.
𝐁𝐢𝐭𝐜𝐨𝐢𝐧 𝐋𝟏 🤝 $TAP 🤝 𝐄𝐭𝐡𝐞𝐭𝐮𝐦 𝐋𝟏
We’re extremely excited to announce this $TAP will probably be out there on each Bitcoin and Ethereum on TGE! 🔥
Provide $TAP in fact it’ll keep at 21 million as a result of our revolutionary TAP<>Ethereum bridge ensures that 1:1… pic.twitter.com/9f7Yrcyc7g
— Faucet Protocol (@tap_protocol) October 17, 2024
What’s notable in regards to the Faucet Protocol is that the TAP token may have a set provide of 21 million tokens. The venture makes use of the Ordinals system, which goals to advance the capabilities of the BTC DeFi ecosystem and dApps via varied belongings. Contains non-fungible tokens (NFTs).
