Tapioca DAO (TAP) is an omnichain money market and decentralized stablecoin protocol built on the LayerZero cross-chain communication protocol, designed to enable lending, borrowing, and stablecoin services across multiple blockchain networks. For investors following the project, the total supply and issuance price of its governance token, TAP, are fundamental pieces of information.
TAP Token Total Supply and Allocation
The total supply (maximum supply) of TAP tokens is 100 million (100,000,000 TAP). The allocation plan for these tokens is as follows:
- DAO (DSO Program): Accounts for 53.3% of the total supply, allocated for community governance and long-term development.
- Development Fund: Accounts for 15%, used for future technical development and maintenance of the protocol.
- Supporters: Accounts for 12.5%, allocated to early supporters of the project.
- Foundation Treasury: Accounts for 8%, serving as operational reserves for the project.
- IDO (Initial DEX Offering): Accounts for 5%, used for public sale.
- Options Airdrop: Accounts for 2.5%, used for community incentives.
- Early Supporters: Accounts for 3.7%.
What is the "Issuance Price" of TAP?
It is important to note that publicly available sources do not provide a single, official "Token Generation Event Price" (TGE Price). Tapioca DAO's fundraising was primarily completed through multiple private rounds, and participation prices and terms across different rounds may vary.
According to statistics from multiple data sources, Tapioca DAO raised a total of approximately $6.31 million to $14.4 million through private and other funding rounds. Among them, the fundraising cap for the public sale portion was approximately $8.4 million. Therefore, TAP does not have a single issuance price like a traditional corporate IPO; its value in the early stages was primarily reflected through valuations during private fundraising rounds.
Project Positioning and Trading Information
As an omnichain DeFi protocol, Tapioca DAO allows users to lend, borrow, and mint its native stablecoin across multiple supported chains such as Arbitrum. The TAP token is primarily used for protocol governance.
Currently, TAP can be traded on exchanges that support the token. Please refer to the latest announcements from respective platforms for specific listing status.
