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"The developer of the Trac protocol is Beny, and its aim is to address the issue of decentralized indexing within the current inscription ecosystem. Due to its innovative concept and its alignment with community concerns, the governance token TRAC has performed exceptionally well in the secondary market, with a relative cost increase of over a hundred times. As of now, the total trading volume for Trac is 2.1 million USD. Trac has also collaborated with projects such as Bitmaps and Inscribed Handles.
Subsequently, Beny developed the Tap protocol, which is an OrdFi-enabling protocol for Ordinals services. The protocol's token offers various functionalities, including transfer confirmation mechanisms, batch transfers, and the ability to set token names with 3 to 32 characters, allowing developers greater flexibility in creating their own tokens. The representative token for this protocol, TAP, has shown reasonable performance in the over-the-counter market.
Last week, the Tap protocol introduced a new feature, ""token-auth,"" which specifies and indexes authorizations, enabling third parties to send tokens from authorized wallets. This provides support for games, metaverses, token bridges, cross-chain markets, and other applications on the TAP protocol." |
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Post time 26-9-2023 15:10:50
