What is Tap? Tap is a Blockchain project that aims to combine traditional and decentralized finance (DeFi) with a focus on crypto banking. cryptocoin.com In this article, we have answered the questions such as what is Tap, what it offers, what is XTP, what it does and how to get it.
What is Tap?
Tap is an Ethereum-based Blockchain project that aims to be a one-stop shop for anyone interested in cryptocurrencies. It does this with a website and mobile app. By downloading Tap’s app on their phones, users have access to many decentralized finance (DeFi) services. In doing so, they also enjoy some of the benefits of crypto banking. The banking services offered by the platform combine traditional and new finance. In other words, you can deposit assets on the platform using a bank or credit card, etc. possible.
What does Tap offer?
Within the Tap application, users can purchase cryptocurrencies of their choice. It is possible to do this with fiat or any other cryptocurrency. The platform, which is extremely easy, creates a suitable liquidity for the customer as soon as the “buy” button is clicked. Besides that, the Tap app comes with a free Tap Prepaid Mastercard linked to your account. With the Tap Prepaid Mastercard, cryptocurrencies can be used to finance any card purchase. In addition, with these cards, users can withdraw their crypto money in cash via ATMs.
It is possible to use Tap cards in many countries, especially in the UK and EU. This card accommodates both fiat and cryptocurrencies. Also, there is no need to incur any expense, such as a supply fee, to obtain the card. In addition to these, Tap also allows users to earn passive income. This passive income can be obtained through fiat and cryptocurrency staking. However, when someone downloads Tap via referral, both referrer and new user get rewards. This reward is given in Bitcoin.
What is XTP? What does it do?
XTP is the native cryptocurrency of the Ethereum-based Tap platform powered by the ERC-20 smart contract. This offers many advantages to cryptocurrency holders within the platform. The token also has some use cases. Accordingly, the transaction and service fee paid with XTP is lower and users can make XTP staking. This staking method, which varies according to your membership plan, makes it possible to earn passive income.
Staking means that a user locks their cryptocurrencies with a certain maturity. Accordingly, the user locks their assets into smart contracts. Thus, it ensures the security of the network as an authenticator. When maturity expires, the platform rewards the user with a minimum reward rate of 4% APY. The amount of reward awarded and the time staked vary depending on the user’s membership plan. There are 3 different membership plans in Tap: standard, black and titanium.
What is Tap? How to get XTP?
There are some platforms where investors interested in the Tap project can buy XTP coins. Chief among them is Tap himself. Users can get XTP by signing up on the platform and making a deposit. However, it is also possible to purchase the token by signing up on a cryptocurrency exchange. Exchanges listing the XTP coin include HotBit Global and Bittrex. Interested investors must fully subscribe to these exchanges and verify their accounts. Then, they can buy the token by depositing an asset in their wallet according to their XTP parity.
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