Tap Protocol launches Tap Token (TAP) to enhance Bitcoin Defi ecosystem functionality

The Tap Protocol is excited to announce the launch of its native token, Tap (TAP), designed to serve as the backbone of its innovative ecosystem. This token will play a crucial role in facilitating various functions, including bridging assets between Ethereum and Bitcoin and providing staking mechanisms for users. The Tap Protocol has already made waves in the blockchain community by introducing a groundbreaking bridge that allows seamless transfers between Ethereum and Bitcoin. The TapEthereum bridge by TaparooSwap is the first-ever to securely connect Bitcoin L1 to Ethereum. This innovation represents a significant advancement.

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