Tap Protocol becomes the first BTC L1 project to conduct a Token sale on Coinlist, with its flagship development framework based on Ordinals, which includes features such as Promises and Multisend. Tap Protocol provides developers with a flexible BTC development environment. After the launch of $TAP, the price surged to $11.34, triple the ICO price. Ordinals protocol will be launched by the end of 2022, and BRC20 will be launched in March 2023, pushing the BTC ecosystem into the spotlight and inspiring numerous projects to break through BTC's positioning as 'digital gold' and further expand its capabilities. One project that seized this opportunity is Tap Protocol, which was launched last year and became the first BTC L1 project to conduct a Token sale on Coinlist. What is Tap Protocol? Tap Protocol is a protocol based on Ordinals that aims to expand the functionality of BTC. It allows developers to build higher-level applications directly on the BTC network by introducing features such as 'Promises' similar to Smart Contracts, Multisend, Decentralization governance, support for complex Token operations, and native Token exchange without the need for Cross-Chain Interaction bridges. Therefore, Tap Protocol is a development framework based on BTC Ordinals. According to the official statement, the key features that are favored by developers and users are: Multisend: This feature allows developers to send Tokens to multiple users at once, making the distribution process more efficient for developers and enabling users to receive Tokens quickly and seamlessly. Token and Privilege Authorities: This feature acts as a 'hook' in the protocol, allowing third parties to interact with TAP Protocol. This means that any Layer 2 protocol can communicate with TAP Protocol and manage its assets, such as Tokens and digital collectibles, expanding the application scope of the protocol and providing developers with greater flexibility. Tap Protocol was developed by the Trac team, a project aimed at decentralizing the Ordinals meta-protocol. Based on Tap Protocol, various applications have been developed, including Decentralized Finance, GameFi, Launchpad, and Wallet. Some notable projects include: DEX - TaparooSwap: TaparooSwap is the first AMM and Decentralized exchange (DEX) deployed on BTC L1, focusing on fully decentralized peer-to-peer trading. The platform supports liquidity pools for any Tap Token, enabling exchange between BTC and Tap Tokens, as well as between different Tap Tokens. TaparooSwap uses liquidity pools instead of order books and supports customizable Slippage percentages, providing a flexible trading experience. In addition, TaparooSwap has also launched the Cross-Chain Interaction bridge 'TaparooBridge', which allows seamless bridging of Tap Tokens to Ethereum, enabling participation in both ecosystems. It is worth mentioning that when an Ethereum Wallet holds more than 50 $Tap, there is no bridge fee. Game - Dark City: Dark City is an MMORPG blockchain game that gained attention on the BTC network due to the rise in Gas when it offered free minting of $MINER tokens in exchange for its game token $DRK. Funding background: Tap Protocol announced the completion of a $4.2 million financing round in December 2023. The financing was led by Sora Ventures and participated by Rw3, Cypher Capital, Kosmos Ventures, Oak Grove Capital, Perock Capital, New Tribe Capital, Cogitent Ventures, Compute Ventures, MSA Novo, and Skry Labs, among other investment institutions. In addition, senior executives from Animoca Brands and Quantstamp also participated as angel investors. $TAP Tokenomics: Tap Protocol's native Token is $TAP, with a total supply of 21 million, the same as BTC, with Airdrop accounting for 6%. According to the official statement, the main utilities of $TAP include discounts, rewards, payment of Gas fees, and activation of Promises functionality. It also incentivizes validators for governance. On October 23, Tap Protocol conducted the TGE of $TAP and Airdropped it to over 15,000 Wallets. According to the official statement, this Airdrop was completed with only 6 transactions and a cost of 0.045 BTC. $TAP Surpasses $11: $TAP has performed well after its launch. According to CoinGecko data, the price of $TAP reached a high of $11.34 on the 11th, triple the purchase price of $3.57 during the Coinlist ICO. At the time of writing, it is trading at $8.07, with a 24-hour increase of 1.2%. The official announcement in early October stated that the trading market and official Wallet would be launched after the TGE (currently available on Google Chrome Stor...