Taproot Exchange (Taproot) has been launched on HotsCoin on February 5. Taproot Exchange (Taproot) is a platform focused on providing users with a multi-chain Taproot Assets derivatives trading experience. Its mission is to create wider possibilities and a more convenient trading experience for users by connecting the multi-chain Taproot Assets derivatives market. Taproot is currently open for trading on HotsCoin.
Multi-chain support
Taproot Exchange will stand out in a unique way, supporting all EVM blockchains, Lightning Network, Bitcoin, Solana, Cosmos and other chains, providing users with comprehensive multi-chain support. This provides users with a wider range of options, making it possible to easily trade Taproot Assets derivatives on Taproot Exchange.
Excellent trading services
Through comprehensive multi-chain support, coordinated liquidity support, and an easy-to-use user interface, Taproot Exchange is committed to providing users with excellent trading services. The goal is to remove barriers to Taproot Assets trading and make it easier for users to participate in the Taproot Assets derivatives market.
Tokenomics
Token information
Token name: Taproot Token
Token code: Taproot
Total supply: 100,000,000
Token distribution
Airdrop: 5%
Community and Ecosystem: 25%
Private placement: 10%
Team and consultants: 10%
Treasury: 20%
Market: 15%
Staking reward: 15%
Release plan
Airdrop: TGE issues 5,000,000
Community and Ecosystem: TGE issuance 0, 1 month cliff, daily linear vesting thereafter
Private placement: TGE issuance amount is 1,500,000, 10% vests in the remaining 10 months, and 8.5% vests monthly
Team & Advisors: TGE Issue 0, followed by 12-month cliff, followed by 1-month linear vesting
Treasury: TGE issue 2,000,000, followed by 3-month cliff, daily linear vesting thereafter
Market: TGE issuance 1,500,000, followed by 6-month cliff, followed by daily linear vesting
Staking rewards: TGE issuance 0, 1-month cliff, and daily linear vesting thereafter
Advantage
Order matching support
Taproot Exchange implements order matching support to improve market efficiency by automatically matching buy and sell orders, accelerating trade execution, reducing waiting times, and increasing market liquidity.
Real-time matching
The platform enables real-time matching, promotes fast and accurate price discovery, and enables market participants to make timely decisions and evaluate market trends.
Reduce transaction costs
Automated matching systems reduce the need for manual intervention, which is especially beneficial to high-frequency traders and institutional investors, thereby reducing transaction costs.
Addressing liquidity issues for BRC-20 transactions
LP Trading Liquidity Pool: Provides liquidity pools and real-time trading to enhance the trading market for BRC-20 tokens.
Solve the complexity problem: Simplify BRC token trading through Taproot Exchange, providing a more user-friendly buying and selling experience.
Cross-chain interoperability: Use Internet connections across different nodes to increase transaction speed and reduce transaction costs.
Increase liquidity through virtual channels: Increase the storage of tokens within virtual channels to improve the liquidity and efficiency of transactions.
in conclusion
Taproot Exchange (Taproot) provides users with a new and excellent multi-chain Taproot Assets derivatives trading experience through its multi-chain support, order matching support and liquidity solutions. Its token economics are reasonably distributed and its issuance plan is reasonable, which will provide support for the sustainable development of the platform in the future. As a platform that connects the multi-chain Taproot Assets derivatives market, Taproot Exchange is expected to succeed in the field of cryptocurrency derivatives trading.