The Tap Project involves using a blockchain-based currency called Tap Tokens (TTT) to facilitate in-game transactions across the gaming industry. Here’s our Tap Project review.
What Is Tap Project?
Tap Project, or TTT, is a blockchain-based transferable in-game currency. The token’s crowdsale is scheduled for the beginning of August.
Using the Tap Project’s Tapcoins, you can access a single currency across multiple games from one real-time dashboard. It’s a multi-game currency management platform built on the Ethereum blockchain.
The developers of the Tap Project see Tapcoins as the future currency of gaming. Instead of spreading your currency across 12 different games and 12 different digital tokens, Tap Project lets you track your progress with one simple coin. That coin will be tradeable on exchanges – so you can make money while you game.
Today, the gaming industry could benefit from a single, unified currency. That’s where Tap Project sees an opportunity.
Tap Coin Benefits For Gamers
Here’s how the Tap Project’s whitepaper explains the benefits for gamers:
“Imagine playing any game, earning its currency and having that currency hold its value and represent cash, in the form of Tap coin or fiat currency. Imagine, having the ability to transfer that in-game currency to another game and continue to build your “wallet” whilst getting paid to play. The Tap project breaks down the antiquated barrier of development and gaming and brings light to a new age of exchange.”
Whether you’re gaming on PC, console, or mobile, your Tap Coins will follow you across the gaming industry. It’s an ambitious goal, to be sure. Here are some of the key stated benefits for gamers:
- Tap Coins will follow you onto any game and any device
- Your hard work isn’t lost when it’s locked up in a particular game
- Make money while you play, as Tap Coins will be tradeable on cryptocurrency exchanges
Tap Coin Benefits For Developers
One of the major benefits of the Tap Project for developers is that they can grow and market their games to the existing Tap Project userbase.
However, the key innovation for developers is that the Tap Project allows developers to create smart contracts that act as achievements of Easter Eggs. So when gamers earn an achievement, the contract releases the Tap Coin to the participant’s wallet seamlessly. This opens a wide range of opportunities for gamers.
- Independent developers don’t have to worry about the type of platform they’re working on; they can focus on making a great game
- AAA games can be made and played across multiple platforms, but use just one type of universal currency
- Developers can integrate Tap Coins into their platform to enjoy immediate growth through the existing Tap Coin userbase
- Developers can create smart contracts
- Developers can build on the blockchain to enjoy its security and other features while having the freedom to make the games they like
The Tap Project ICO
The Tap Project ICO is scheduled to begin on August 1, 2017.
Each ETH will be tradeable for 1000 Tap Coins. You can trade Tap Coins (TTT) on cryptocurrency or peer-to-peer just like you would with any digital token. You can also make money while you play, and your currency can be traded on the exchanges. The Tap Token will follow you into any game and on any device.
A total of 1.5 billion tokens will be created “initially to start”. The whitepaper doesn’t explain if more tokens will be made, or when those tokens will be created. 750 million tokens will be offered to the public during the 28 day crowdfunding sale.
30% of tokens will be held by the Tap Project Foundation, 10% will be given to the development team, 8% will be given to legacy investors, and 2% will be reserved for participant rewards.
Who’s Behind Tap Project?
Tap Project is led by Co-Founders Haniff Knight and Hugh Knight. Haniff started his career in pixel game development and has since become an entrepreneur. Hugh brings 15+ years of computational experience as a systems architect. He has managed and developed multiple application portfolios. Both co-founders have been supporters of cryptocurrency and the Ethereum blockchain for years.
You can contact the developers at [email protected]
Tap Project Conclusion
Ultimately, there isn’t a whole lot of information about the Tap Project available online through their website or whitepaper. The whitepaper features a basic overview of the industry, the ICO, and how gamers and developers can both benefit from a universal currency.
The ultimate goal of Tap Project is to allow gamers and developers to share a common gaming currency. As an extension of that goal, the Tap Project wants to create a community on the blockchain, where developers can access a community when they’re ready to launch a game.
The Tap Project whitepaper admits that they don’t have much information about the future of their project, but they’re working on it:
“We’ve researched and analyzed the market in-depth, but don’t have all the answers of what the Tap project or Tap coin will become, but we invite you to join us in creating something innovative. Support us by donating in the crowdfunding sale.”
It’s no secret that digital tokens across the gaming industry are split into factions. If a currency can legitimately unite the gaming industry behind one central token, it could be huge. On the other hand, the internet likes to see more information about a product before supporting an ICO. Stay tuned to see if the Tap Project can achieve its goal of becoming the number one cryptocurrency for the gaming industry.