What is a stable-coin and why does TAP needs to be one?
A “stable coin” according to Forbes is a cryptocurrency that is pegged to another stable asset, like gold or the U.S. dollar. It’s a currency that is global, but is not tied to a central bank and has low volatility. This allows for practical usage like paying for things every single day. TAP needs to be a stable-coin because tradition cryptocurrency like Bitcoin or Ethereum are highly volatile, and not suitable to be used as a consumer rewards token. Imagine if you’ve earned $20 worth of rewards and the next day it’s only worth $10, it makes for a terrible user experience. TAP is aimed at mass consumer adoption, $1 TAP is ALWAYS good for $1 USD worth of goods and services within our ecosystem.
What is the conversion rate of the TAP stable-coin?
$1 TAP Coin is always = $1 USD worth in redeemable goods and services within the TAP Network, backed by TAP Network partners such as top hotel chains, restaurants, and retailers.
Can I use TAP stable-coin just like cash?
TAP Coin is not cash, it’s a digital token good for redemptions of goods and services within the TAP Network, at over 100,000+ hospitality venues worldwide and retailers, including gift cards to top merchants such as Amazon, Starbucks, Uber, and more.
Will TAP stable-coin be on exchanges?
TAP stable-coin is NOT a security and will NOT trade on any exchanges. It can only be acquired through any App, Website or Data Delegate partners within the TAP Network, such as HOOCH App. More partners to be announce Q1, 2019.
What is the TAPN Security Token?
TAPN is a security token that gives its holder a quarterly dividend based on revenues generated by the TAP Network, paid at the holder's choice in either ETH or TAP. For details, please download and review our whitepaper.