TAP is proud to announce the launch of its token via Balancer’s Liquidity Bootstrapping Pool (LBP). Here’s an overview of how the Balancer LBP works and how you can join the TAP IDO.
What is Tapmydata?
Tapmydata provides a framework of tools, a ledger, and a decentralized protocol designed to empower individuals to:
- Reclaim control over their digital identity.
- Mint NFTs representing verified elements of consent.
- Create transparent channels for legitimate data exchange and value sharing.
Our mission is to give users control of their data and enable them to participate in a $325 billion market annually. The TAP token is integral to this mission, serving as a utility and governance token. Having been active on the Stellar protocol for over two years, it will transition to an ERC20 token in Q1 2021.
What is Balancer’s Liquidity Bootstrapping Pool (LBP)?
A Balancer LBP is a specialized pool that automatically adjusts asset weights over time. This mechanism creates downward price pressure, discouraging bot activity, speculation, and whale dominance.
Why Choose an LBP?
- Fair Distribution: The declining price mechanism allows users to buy tokens when they are comfortable with the price.
- Bot Resistance: The price drop over time discourages bots from front-running or sniping tokens.
- Community-Driven Price Discovery: Similar to a Dutch auction, the community determines the token’s final valuation during the sale period.
How to Participate in the TAP Token Sale
- Download the Tapmydata App: Available on major app stores.
- Complete KYC/AML: Follow the app’s instructions to verify your identity.
- Access the LBP on December 17: Ensure you’re prepared to join the sale, which offers a fair and transparent entry point.
Join us as we redefine digital identity and build a trust-based economy.