TAG Protocol is a DAO (Digital Autonomous Organisation) operating Hashtag registry, Staking & Trading service on Binance Smart Chain. Users can register and perpetually own unique social media Hashtags just like they register & own domain names and use them to earn Tagcoin (Native protocol coin) by participating in daily Hashtag Staking Pool. Users can exchange Tagcoin for other crypto-currencies such as BNB, USDT at market rate immediately on Tag Exchange. Users can also trade Hashtags with other users at Hashtag Auction Marketplace in exchange for other cryptocurrencies.
The TAG Protocol ecosystem is made up of SIX services.
Hashtag Registry: Primary function of registry is to accept user request to register new hashtag and mint new hashtag NFT token and to deliver newly minted Hashtag NFT Token to user's wallet.
Hashtag Auctions: This service allows users to list & receive bids on their hashtag tokens. Users can also send bids on other users listed hashtags.
Hashtag Staking: This service allows users to stake their Hashtag NFT Tokens to mine or collect Tagcoin based on the Twitter performance provided by Hashtag Performance Oracles.
Performance Oracles: Oracles are independent P2P external data aggregators that collect twitter performance data of staked hashtags and rank them based on their performance and broadcast this data to Hashtag Staking Contract for the purpose of Tagcoin Distribution to staked hashtags.
TAG Exchange: This is an AMM based exchange service that allows user to exchange their tagcoin with other cryptocurrencies. Users can also earn additional income by depositing various cryptocurrencies into the liquidity pools.
Decentralized Referral Program: This service tracks users invites and calculate their commission. It also manages payments and commission claims made by users.
Website : www.tagprotocol.com
Topic: TAG PROTOCOL - Performance based NFT Token (Read 41 times)
Jump to: