BTAP TOKEN QUICK STATS:
| CREATION DATE: | March 19, 2021 |
| DEVELOPMENT STAGE: | Final stage of development |
| CURRENT SUPPLY: | 28,000,000 |
| TOTAL SUPPLY: | 100,000,000 |
| ALGORITHM: | ERC–20 |
| PROOF TYPE: | POS |
| TARGET SPACING: | Same as any ERC-20 |
What is BTAP Token and What is The Idea Behind It?
BTAP Token is an ERC-20 utility token created by BTA Protocol as a part of their digital Knowledge Economy. Being the native token across all BTA Protocol’s dApps, BTAP is meant to incentivize learning, teaching, and participating in collaborative community work.
According to the company itself, BTA Protocol is a community-centric experiential project, where blockchain is used to make high-quality education accessible through gamification for students and course creators. It provides products and services packaged as NFTs, and its users can unlock knowledge LearnPacks and blockchain certifications.
As the company’s Litepaper states, BTAP tokens can be used for access to the BTA Protocol’s Knowledge Economy with the rewards and incentives paid using BTAP. Their team will have their BTAP tokens locked for one year and the community will be incentivized to hold on to their tokens for access to premium services and opportunities, such as the BTAP Ambassador Program that requires a minimum stake of 50,000 BTAP tokens.
With every BTAP token transaction, there is a tax of 1% of the amount being sent. 0.5% of it will go to all token holders, 0.25% will be burned and be taken out of circulation until the 50 million token supply is reached. At that point, 0.25% will be bolted onto the 0.5% already going to token holders, and the remaining 0.25% will go to the Beacon wallet, the company’s charity wallet with an initial base value of 10 million tokens.
You may now send, store, and receive BTAP Token with CoinPayments!
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