In the world of blockchain and cryptocurrency, new projects and tokens are constantly emerging, but not all of them stand out. Today, we are introducing Tapioca DAO and its token TAP. The allocation and issuance mechanism of TAP tokens is unique and is designed to ensure its long-term sustainability and fairness in the future. This article will explore the allocation and issuance mechanism of TAP tokens in detail and analyze its potential and value.
Background Introduction to TAP Tokens
TAP tokens are the core asset in the Tapioca DAO ecosystem, designed to support and promote the development of the entire ecosystem through a unique allocation and issuance mechanism. The total supply of TAP tokens is 100 million, which will be gradually distributed over a period of at least 6 years. It is worth noting that the distribution time of TAP tokens is not fixed, but dynamically adjusted according to the redemption of the call option incentives within each cycle. This mechanism ensures that the token distribution process can flexibly respond to market demand and the development of the ecosystem.
Distribution Structure of TAP Tokens
The distribution structure of TAP tokens has been carefully designed to achieve fair and broad distribution. The specific distribution details are as follows:
1. Tapioca Foundation
Allocation ratio: 15% (15,000,000 TAP)
Lock-up period: 12 months from genesis, followed by linear unlocking per transaction block over the next 36 months.
Purpose: To ensure that core contributors are committed to the development of the Tapioca ecosystem and community in the long term.
2. Early supporters
Allocation ratio: 3.5% (3,500,000 TAP)
Unlocking mechanism: Linear unlocking per transaction block from genesis for two years, with an initial unlocking of 6% (210,000 TAP).
Contribution time: completed in mid-2022, with a fully diluted valuation (FDV) of $22 million and a value of $0.22 per TAP.
3. Ongoing Supporters
Allocation Ratio: 13.5% (13,500,000 TAP)
Unlocking Mechanism: Linear unlocking per transaction block starting from Genesis, lasting 18 months, with an initial unlocking of 8% (1,080,000 TAP).
Contribution Time: Completed in early 2023, fully diluted valuation (FDV) is $44 million, and each TAP is worth $0.44.
4. Genesis DAO Token Auction
Allocation Ratio: 5% (5,000,000 TAP)
Auction Mechanism: Auction through Liquidity Launch Pool (LBP), the proceeds will be transferred to the Tapioca DAO Treasury to start the initial liquidity of ecosystem assets and treasury.
For more information: please visit the Liquidity Launch Pool (LBP) section.
5. Option Airdrop
Allocation Ratio: 2.5% (2,500,000 TAP)
For more information: please visit the Option Airdrop section.
6. DAO Share Option (DSO) Incentive Plan
Allocation ratio: 52.5% (52,500,000 TAP)
Distribution mechanism: Distribution according to an immutable exponential decay curve, which will last for at least six years, promoting the growth of the ecosystem in an economically sustainable manner.
The value and potential of TAP tokens
TAP tokens are more than just a digital asset, they represent the future and potential of the Tapioca DAO ecosystem. Here are some key values and potentials of TAP tokens:
1. Long-term commitment and stability
The distribution mechanism of TAP tokens ensures the long-term commitment of core contributors and early supporters, which helps the stable development of the ecosystem. The lock-up and linear unlocking mechanism ensure that tokens will not be sold in large quantities in the short term, avoiding drastic market fluctuations.
2. Fair and wide distribution
The distribution structure of TAP tokens has been carefully designed to ensure fair and wide distribution of tokens. Whether it is early supporters, continuous supporters or community members, they can obtain TAP tokens in different ways and participate in the Tapioca DAO ecosystem.
3. Dynamic Adjustment and Flexibility
The distribution time of TAP tokens is not fixed, but dynamically adjusted according to the redemption of option incentives in each cycle. This mechanism ensures that the token distribution process can flexibly respond to market demand and ecosystem development, avoiding the problems that may be caused by a fixed distribution mechanism.
4. Economic Sustainability
The design of the DAO Share Option (DSO) incentive plan ensures that the distribution of TAP tokens can be carried out in an economically sustainable manner. The exponential decay curve distribution mechanism ensures that the supply of tokens can be gradually reduced, avoiding the risk of inflation.
Conclusion
As the core asset of the Tapioca DAO ecosystem, the TAP token has a unique distribution and issuance mechanism designed to ensure long-term sustainability and fairness. Whether it is core contributors, early supporters or community members, they can participate in the Tapioca DAO ecosystem in different ways and jointly promote its development. Over time, the TAP token is expected to become an important member of the blockchain and cryptocurrency field, which deserves our continued attention and expectation.
Through the introduction of this article, I believe that everyone has a deeper understanding of the distribution and issuance mechanism of TAP tokens. If you are interested in Tapioca DAO and TAP tokens, you may wish to learn more and participate in them to witness their future development and growth together.