The TAP token is the backbone of the Tapioca DAO token economy. TAP was carefully crafted to be sustainably distributed over a long-term horizon, feature a fixed supply, and have a focus on economic growth with minimal value leakage as the foremost design principals. The end goal, once TAP has been majority permeated is to reach a ubiquitous distribution of the TAP token to facilitate maximal decentralization of the Tapioca DAO ecosystem, and to have maximized value capture with all inflation. Notably, the supply of TAP is immutably preprogrammed to be finite and decay in inflation over time, there are also no emissions of TAP itself, and thus the Tapioca ecosystem features no liquidity mining program(s).
The TAP token utilizes the LayerZero V2 OFT (Omnichain Fungible Token) token super-standard. This enables TAP to able to be transferred to and from any EVM or non-EVM network via a burn-and-mint model directly via its token contract- no bridges, wrappers, or other intermediaries needed. New TAP tokens are only injected into circulation through redemptions of oTAP call option incentives distributed in the DAO Share Options (DSO) incentive program.
What is the highest value Tapioca DAO Token (TAP) has ever reached?
Tapioca DAO Token (TAP) reached its peak price at 4.53 $ on 15 July 2024, approximately a year ago ago. Presently, the current price is -99.99% lower than this all-time high.
What is the historical minimum price for Tapioca DAO Token (TAP)?
The minimum price reached for Tapioca DAO Token (TAP) was 0.00001872 $, documented on 25 December 2024, more than a year ago. In comparison, the current price is 2,137.39%, it above this historical low.
What is the fully diluted valuation of Tapioca DAO Token (TAP)?
The fully diluted valuation (FDV) of Tapioca DAO Token (TAP) stands at $ 41,884. This figure reflects the maximum potential market capitalization, considering that the current circulating supply is at its maximum of 100,000,000 TAP tokens. The realization of this FDV might take several years depending on the emission schedule of TAP tokens.