Tapswap coin is one of the latest additions to the crypto space. But before we get into the meat of it, it is important to understand the ecosystem in which it exists and how it came about its existence.
Almost every major exchange has a native crypto or token and Tapswap coin (TAPS) is the native token for a relatively new crypto exchange under the same name and not just any exchange. Most of the existing crypto exchanges are usually based in the West or in some Asian country. Few noteworthy crypto exchanges exist that are African. Tapswap is one of them.
Tapswap is a unique crypto exchange first because it is African. It is based in Kenya and it initially aims to serve the Kenyan market before expanding into the rest of Africa. Its main aim is to solve the problem of access.
Many Kenyans, and Africans by extension lack proper exposure or ease of access to crypto products. Tapswap aims to change that.
The Tapswap coin and its uses
This coin has multiple uses as Tapswap’s native token. According to its official whitepaper, the coin can be used for all transactions within the crypto exchange. This includes listing fees, merchant fees. Users can also add rewards using the token, such as in the referral program.
The exchange has a program that lets users access copy trading features using the TAPs token. There is also a reward program that will airdrop TAPS to users for holding cryptocurrencies on the exchange for extended durations.
A buyback program and burn mechanism exists on the Tapswap exchange. This means the token can potentially have deflationary characteristics which may play out well in its future.
Tapswap token allocation and tokenomics
According to the whitepaper, TAPS will have a maximum supply of 100 million coins, making it a small cap token. The token allocation is as follows:
| Category | Allocation percentage |
| Early backers and advisors | 6% |
| Ecosystem treasury | 54% |
| Team and founders | 11% |
| Company reserves | 10% |
| Token sale | 20% |
Where is Tapswap as per its roadmap?
Tapswap’s roadmap is clearly defined and it reveals that the project was conceptualized in 2021. It was supposed to launch its full version of the exchange and conduct a team expansion in Q3. The roadmap indicates that TapSwap is scheduled to conduct a token sale and token generation event (TGE) in Q4.
This means fans looking to support the project or gain early access to the TAPS token will get a chance during the token sale.
As far as the TapSwap coin price prediction is concerned, there were scanty details regarding the token at the time of writing. It was yet to be launched, hence pricing details were not revealed yet. This makes it difficult to conduct a price analysis.
Nevertheless, the TapSwap coin and its project are an interesting undertaking that has potential for greatness. That is if it can make it into the mainstream. This is because it may fill a niche for reliable crypto services in the African continent.
Next: The Ultimate Guide to the Blum Airdrop: Listing Date, Tokenomics.
