CoinList has revealed the 12th token launch of 2024 for TAP Protocol, a Layer 1 solution aimed at enhancing Bitcoin development with greater flexibility and accessibility.

### TAP Protocol Token Launch: Key Details and Participation

The TAP Protocol token launched on May 29, with the sale continuing until June 5. The token is priced at $3.57, contributing to a network valuation of $75,000,000. With a total supply of 21,000,000 TAP tokens, 7.5% (1,575,000 TAP) are available for this launch. Initially, only 10% of purchased tokens will be accessible after the token generation event (TGE), with the remaining 90% released gradually over the following 12 months. The token is expected to be listed on crypto exchanges around June 28.

Purchases are restricted to a minimum of $100 and a maximum of $2500 to ensure fair distribution and prevent market manipulation. To participate, users must access the launch site using Google Chrome and install the Xverse Extension on a desktop computer, as tokens will only be distributed to linked external Xverse wallets.

### TAP Protocol: Overcoming Bitcoin Ordinals’ Limitations

TAP Protocol addresses the limitations of Bitcoin Ordinals by providing greater computational flexibility, thus expanding the scope for innovation and development on the Bitcoin network. This development is pivotal for making Bitcoin more developer-friendly and secure.

Currently, over 50 projects and 70,000 individual wallets utilize TAP Protocol. It provides a secure transaction environment and development on the BTC blockchain, introducing the first native smart contract design on Bitcoin, known as Promises, which facilitates the creation of innovative applications.

The protocol also enhances the BTC network with features like fractionalizing ordinal art, token swaps, liquidity pools, borrowing, lending, and staking. It simplifies usage compared to BRC20, making it cost-effective and versatile for functions such as airdrops and the creation of non-fungible tokens (NFTs). Additionally, TAP Protocol supports OrdFi and DeFi features, driving further adoption of Bitcoin among developers.

This significant enhancement enables easier, safer development on Bitcoin, overcoming the limitations of traditional BTC transactions and promoting broader BTC adoption.