ChainCatcher news, the Bitcoin DeFi protocol Tap Protocol announced on its social platform that it will conduct TAP token distribution on October 21.According to RootData, Tap Protocol is a Bitcoin Ordinals protocol that supports OrdFi, aimed at discovering and tracking Ordinals. The protocol introduces the TAP token standard, emphasizing simplicity and accessibility. Its key mechanism "tapping" simplifies transaction verification within the protocol.

ChainCatcher news, according to the announcement on the Coinlist official website, the TAP Protocol has launched its TAP token issuance on the Coinlist platform. The TAP Protocol is an OrdFi protocol designed to support Bitcoin Ordinals. The token purchase period starts from May 30, 2024, 01:00 (Beijing Time) and ends on June 6, 2024, 01:00 (Beijing Time). The specific arrangements for this token issuance are as follows:Supply: 1,575,000 TAP tokens, accounting for 7.5% of the total supply; Price: $3.57 per token; Lock-up and release: Initially, 10% will be unlocked at TGE, followed by linear release over 12 months. The tokens are expected to be listed on exchanges around June 28, 2024; Initial purchase limits: The minimum purchase limit is $100.00, and the maximum purchase limit is $2,500.00 (only supports USDT/USDC).To participate in the TAP Protocol token issuance, the following conditions must be met: Access the designated website using a desktop computer; Use the Google Chrome browser; Install the Xverse extension (Xverse Wallet). All hosted and exchange wallets are strictly prohibited.

ChainCatcher news, UniSat Director Lorenzo, Tap Protocol CSO Alex Philippine, and Botanix Labs Co-founder and COO Alisia Painter will attend the "Oak Grove Crypto 2024" conference.It is reported that Oak Grove Crypto 2024 is initiated by Oak Grove Ventures and co-hosted by Polyhedra, Alchemy Pay, Ritual, and ChainCatcher, aiming to gather elite individuals in the Web3 field to discuss and envision the development trends of the industry over the next five years. This grand event is expected to attract 500 to 1000 industry elites, including innovative leaders, technical experts, and industry investors. They will engage in in-depth discussions on popular topics such as AI, DePIN, gaming, crypto payments, and Bitcoin infrastructure.

ChainCatcher news, the Bitcoin DeFi protocol Tap Protocol announced on its social platform that it has completed the first airdrop snapshot at block height 832433, with a second snapshot scheduled for Q2. Addresses holding TRAC and PIPE during both snapshots will receive an additional 50% airdrop allocation.

ChainCatcher news, the OrdFi ecological protocol Tap Protocol tweeted that it will soon conduct the first airdrop snapshot for TRAC holders, and eligible addresses may receive the Tap Protocol governance token TAP airdrop.

ChainCatcher news, the Bitcoin ecosystem project Tap Protocol has completed a $4.2 million financing round, led by Sora Ventures, with participation from Cypher Capital, Rw3, Oak Grove Capital, Perock Capital, Kosmos Ventures, New Tribe Capital, Cogitent Ventures, Compute Ventures, MSA Novo, as well as angel investors Animoca Brands and executives from Quantstamp. Tap Protocol is a product of the German company Trac Systems, and this financing will support significant growth for the company.Tap Protocol offers a range of features, including the segmentation of inscriptions and enabling DeFi applications on inscriptions. The protocol aims to discover and track ordinals, facilitating OrdFi applications without the need for complex Layer 2 solutions.