• Faucet Protocol has postponed the TAP token launch date from October 21, 2024 to October 23, 2024.
• TAP with a complete provide of 21 million items begins operation on Bitcoin and Ethereum

Faucet Protocol, Bitcoin’s decentralized finance platform, has introduced that the anticipated token distribution will happen on October 23, 2024.

The protocol beforehand introduced that the Token Technology Occasion (TGE) can be held on Monday, October 21, 2024. Nevertheless, they launched an replace early Monday morning noting that TGE can be held on Wednesday, October twenty third at 12:00 UTC.

Why is Faucet Protocol TGE delayed?

In line with the Bitcoin DeFi protocol, the postponement is meant to permit ecosystem companions comparable to bridges to correctly put together for a possible surge in transactions.

“Nobody likes delays, however sadly we’ve got to postpone TGE to 12:00 UTC on October twenty third. We need to ensure our different merchandise are in good situation to assist the anticipated excessive quantity of customers,” Faucet Protocol posted on X.

TAP can be accessible on the Bitcoin and Ethereum networks at launch, whereas the roadmap highlights token swaps, marketplaces, and staking as key milestones.

𝐁𝐢𝐭𝐜𝐨𝐢𝐧 $TAP 𝐄𝐭𝐡𝐞𝐫𝐞𝐮𝐦

We’re very happy to announce this $TAP TGE can be accessible for each Bitcoin and Ethereum! 🔥

provide of $TAP After all, the revolutionary TAP<>Ethereum bridge ensures 1:1, so it is going to stay at 21 million. pic.twitter.com/9f7Yrcyc7g

— Faucet Protocol (@tap_protocol) October 17, 2024

What’s notable in regards to the Faucet protocol is that the TAP token has a set provide of 21 million tokens. The undertaking makes use of the Ordinals system and goals to advance the DeFi and dApps capabilities of the BTC ecosystem by way of a wide range of property. This consists of non-fungible tokens (NFTs).