Hello $BUNNY☆
TAP 协议 ASSET HOPPER
PHASE ONE
☆ Abstract
The Tokenized Asset Protocol (TAP) on the Bitcoin blockchain is an extendible OrdFi-enabling system that uses 'tapping' for transaction verification without L2 chains, complementing BRC-20 and evolving through community-driven development. One of the challenges within the TAP ecosystem has been the absence of a universally accepted trading pair. $BUNNY seeks to pioneer the world of asset hopping within the Tap Protocol ecosystem.
☆ Problem and Solution
Problem: The TAP ecosystem currently lacks a universally accepted trading pair, leading to fragmented and potentially less efficient trading experiences.
Solution: $BUNNY aims to serve as a popular trading pair within the TAP environment, facilitating efficient transitions between different assets and a streamline hopping experience.
☆ Core Features
$BUNNY as Intermediary: $BUNNY acts as an intermediary token to enhance liquidity within the TAP ecosystem. By having a standard token like $BUNNY that many hoppers are willing to accept, it simplifies trade decisions and can potentially reduce price confusion.
Direct Token Swaps: Utilizing the TAP protocol's "token-trade" function, users can engage in direct token hops, trading their desired tokens for $BUNNY or vice versa.
Potential for Optimized Trading: With $BUNNY serving as a common intermediary, there's potential for more streamlined trading routes in the TAP ecosystem. The efficiency gains will depend on the uptake of $BUNNY as a preferred trading token and the development of mechanisms like dynamic fee structures.
(Concept) Hybrid Multi-Hopping: Empowers users with the freedom to choose between direct hops and multi-stage hops for optimal trading pair transitions.
TOKEN DETAILS
Token Ticker: BUNNY
Progress: 100.00%
Maximum Supply: 1,000,000,000
Limit: 1,000,000,000
Decimals: 18
Transaction ID: bf7d222141b7ae9efa2b3eceb088e0bcfa7407bb4e6e4ace8529c83943bcb27b
Number: 25665466
Timestamp: 8/21/2023, 1:24:16 AM
Block: 804189
Inscription: bf7d222141b7ae9efa2b3eceb088e0bcfa7407bb4e6e4ace8529c83943bcb27bi0
Cursed: No
TAP PROTOCOL BASICS
Refer to tap protocol specs: https://github.com/BennyTheDev/tap-protocol-specs
☆ Tap Protocol: Creating a Trade
To inscribe a trade, a seller has to inscribe a text inscription in the following format:
Make sure to TAP!
After inscribing the function, sellers have to send the inscription to themselves to approve (tapping).
☆ Tap Protocol: Cancelling a Trade
In order to cancel an existing, non-expired trade. The following function has to be inscribed and tapped (sent to yourself):
Make sure to TAP! After inscribing the function, sellers have to send the inscription to themselves to approve (tapping).
☆ Tap Protocol: Fill a Trade
Valid trades are fillable by inscribing a token-trade inscription that specifies which offered token to purchase, with a reference to the original trade inscription. Additionally, an optional fee receiver may be specified. The fee receiver will earn fixed 0.3% of the token that the buyer is purchasing. The fee is applied on top of the purchase amount.
Make sure to TAP! After inscribing the function, buyers have to send the inscription to themselves to approve (tapping).
☆ WTF IS TAPPING?
☆ Future Developments
The $BUNNY ecosystem aims to become the go-to platform for asset hopping.
Summary Unlock seamless token hops with $BUNNY! Our hybrid direct-hopping mechanism will guide you in choosing the best path for trading within the Tap Protocol ecosystem.
Follow @ordinalOS for more information
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