Investing is a great way to grow your wealth and reach financial goals, but it is important to understand the potential risks as well as the rewards. Knowing how to identify capital gains and losses in investments is essential for any investor who wants to make informed decisions about their money. 

Gains and losses will determine whether or not an investment has been successful, so understanding them is critical to making wise choices when investing. Not only that but being able to recognize capital gains and losses can help investors decide when it’s time to get out of an investment before they incur too much damage. 

By learning to spot a gain or loss quickly, investors can protect their funds from unnecessary harm while reaping the benefits of investing. Here we break down how to calculate capital gains and losses.

The basics: how to calculate capital gains/loss

Investors will need to first identify the original cost or purchase price of the investment in order to calculate the percentage capital gain on an investment. You can get this from your broker, or any electronic trade confirmations you might have received. 

The next step is to subtract the original cost of the same investment from the selling purchase price (current value) to arrive at the gain or loss amount. If the amount is negative, this will indicate a loss while a positive amount will illustrate the profit. 

Then take this amount (the gain or loss) and divide it by the original purchase price. Multiply this by 100 and this will establish your gain or loss as a percentage.

Gain/loss ($ amount) = selling price - purchase price

Gain/loss percentage = [(selling price- purchase price) / purchase price] x 100

When the market value of an investment is lower than its cost basis, leading to a negative percentage return, it constitutes a loss on that particular asset.

When the market value or selling price surpasses your initial investment, you'll get a positive percentage that reflects this gain.

Why calculating gain/loss is important

Calculating the loss or gains you've made on an investment is crucial not only for staying on top of your financial situation but also when it comes to monitoring your investment strategy. If you are continuously making losses on an investment it might be time to change course, however, you will only know this by doing the calculations. 

Calculating the capital gains or losses on an investment as a percentage is important because it shows how much was earned as compared to the amount needed to achieve the gain.

Additionally, calculating the gains or losses of an investment are important when calculating any capital gains tax. Having a clear understanding of the financial situation will ensure that you are not underpaying or overpaying on capital gains tax. Be sure to check the capital gains tax rate in your jurisdiction as this will change from area to area.

Additional aspects to consider

As with anything, there are additional costs to factor in. For investments, this might be commissions, broker fees, taxes, etc. Below we look at how to factor in transaction costs, dividends, and trading fees.

Transaction Costs

Take your final gain/loss amount and subtract and transaction costs incurred from this amount.

Gain/loss ($ amount) = (purchase price - selling price) - transaction costs

Dividends

When calculating your gains, any additional income or distributions should be factored in. Dividends, whether from specific stocks or mutual funds, are the most common form of investment income and are paid to investors on a per-share basis. Not all shares pay out dividends so be sure to confirm this prior to making the trade.

Say an investor owns 100 shares and the company pays out $5 per share annually, this equates to $500 in dividends in a single year. Let's say that each share was bought at $20 and is now worth $40.

Gain/loss percentage 

= [((selling price - purchase price) + dividends) / purchase price] x 100

= [(($4,000 - $2,000) + $500) / $200] x 100

= 125%

Therefore, the dividends payout increased the gains on this investment by 25%. In this example, we have not included trading fees, commissions, etc.

Trading fees

Trading fees or brokerage fees are often an unavoidable aspect of trading and should be factored into your investment calculations. Using the above example, let's say the broker charges $50 in fees for its services and any transaction costs incurred. This amount will need to be subtracted from the original gain/loss amount before dividing it by the original purchase cost.

Gain/loss percentage 

= [((selling price- purchase price) - fees) / purchase price] x 100

= [(($4,000 - $2,000) - $50) / $2,000] x 100

= 97.5%

Here the trading fees dropped the investment gains by 2.5% from 100% to 97.5%.

Capital gains tax rate and mutual funds

Calculating capital gains or losses in a mutual fund is important for several reasons, but one key example is for tax purposes, known as capital gains taxes.

When an investor sells shares of a mutual fund, they may realize a capital gain or loss, which is the difference between the sale price and the purchase price of the shares. If the sale price is higher than the purchase price, the investor realizes a capital gain, and if the sale price is lower than the purchase price, the investor realizes a capital loss.

Capital gains are typically taxable, meaning that the investor must pay capital gains tax on the amount of the gain. However, if the shares were held for more than one year before being sold, the gain may be taxed at a lower rate known as the long-term capital gains rate, depending on the specific tax laws in your country. In contrast, capital losses can be used to offset capital gains, reducing the investor's overall tax liability.

Calculating capital gains or losses in a mutual fund can be more complex than for individual stocks, as mutual funds may buy and sell securities frequently, resulting in multiple tax lots with different purchase prices and holding periods. To accurately calculate gains or losses, investors must track each tax lot and determine the cost basis of each lot, which is the original purchase price plus any reinvested dividends or capital gains distributions.

Failing to properly calculate capital gains or losses on one's investments can result in overpaying or underpaying taxes, which can be costly and potentially lead to penalties. Therefore, it is important for investors to carefully track their mutual fund investments and accurately calculate their capital gains or losses for tax purposes.

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The world of cryptocurrency is constantly evolving, as are the threats that come with it. As hackers and cybercriminals are always looking for new ways to steal or compromise digital assets, bank-grade security has become a vital component needed when engaging in custodial wallet solutions.

By implementing bank-grade security measures, platforms and services can ensure the safety and protection of customer funds, build trust and confidence with users, and attract new investors. 

The importance of bank-grade security in crypto custodial wallets

When it comes to cryptocurrencies, bank-grade security is crucial for any platform or service that provides custody or storage solutions for digital assets.

It involves a set of protocols, technologies, and procedures that are specifically designed to protect cryptocurrencies from theft, hacking, and other cyber-attacks.

In terms of custodial and non-custodial wallets, custodial wallets have a third-party manage the custody of a user's private keys, assuming responsibility for managing the private key, safeguarding assets, and signing transactions. As the responsibility is now shifted away from the user, it becomes increasingly important that the correct security measures are put in place.

At Tap, we understand the importance of bank-grade security in managing and storing cryptocurrencies. We are committed to providing our clients with the highest level of security measures to ensure the safety and protection of their crypto assets.

So what are the benefits of using bank-grade security when dealing with cryptocurrencies? Before we answer this let's first take a look at the difference between custodial and non-custodial wallets.

Custodial wallets vs non-custodial wallets

Custodial wallets and non-custodial wallets are two types of digital wallets used to store and manage cryptocurrencies. As mentioned above, custodial accounts are provided by third-party services, such as crypto exchanges or wallet providers, and they hold the private keys to the user's cryptocurrencies.

Non-custodial wallets, on the other hand, allow users to hold and manage their own private keys without the involvement of a third-party service.

In terms of security, custodial wallets have some advantages and disadvantages compared to non-custodial wallets. Custodial accounts offer convenience and ease of use, as the third-party service takes care of the security and management of the user's assets. This can be particularly helpful for beginners in the crypto space who may not have the technical knowledge or experience to manage their own wallets.

However, custodial accounts also come with some risks. Since the third-party service holds the private keys, users are essentially trusting the service to keep their assets secure. If the service provider is hacked or experiences a security breach, the user's assets could be lost or stolen. Hence the importance of these services implementing stringent security measures.

Non-custodial wallets such as hardware wallets, on the other hand, offer users complete control over their assets. In this case, the user holds the private key and has full control over their cryptocurrencies ensuring that they are stored and managed securely.

Non-custodial wallets can also be considered more private, as users are not required to share their personal information with a third-party service.

While non-custodial wallets hold one's crypto investments they typically do not provide the range of services offered by a third-party service provider.

Protecting your private keys with bank-grade security measures

First and foremost, bank-grade security offers a high level of protection against cyber threats. Cryptocurrencies are often considered a prime target for hackers and cybercriminals due to their decentralized nature and lack of regulation.

When using a custodial crypto wallet, the platform on which you are storing your cryptocurrencies is therefore responsible for your private key and responsible for keeping your personal information safe.

With bank-grade security measures in place, crypto assets are stored in secure offline wallets, protected by multi-layered encryption, and monitored 24/7 by a team of security experts. This significantly reduces the risk of theft or loss of cryptocurrencies from a crypto wallet.

How bank-grade security can attract institutional investors to crypto

In addition to protecting against cyber threats, bank-grade security also provides peace of mind for investors and traders. When dealing with traditional financial institutions, customers expect a certain level of security and protection for their assets. The same should be true for cryptocurrencies. By implementing bank-grade security measures, platforms and services can build trust and confidence with their customers.

Additionally, bank-grade security can help attract these investors to the world of cryptocurrency. Institutional investors, such as hedge funds and pension funds, often have strict requirements for custody and storage solutions. They need to know that their crypto wallet and assets are secure and protected from theft or loss.

By offering bank-grade security measures, platforms and services can appeal to these investors and open up new opportunities for growth and expansion.

The role of HSMs, multi-factor authentication, and encryption in crypto wallets

Investing in cryptocurrencies requires a high degree of security and protection, and bank-grade security measures are essential to ensure the safety and protection of crypto assets stored in crypto wallets. Hardware security modules (HSMs), multi-factor authentication, and encryption are three critical components of bank-grade security measures that play a significant role in protecting crypto wallets.

HSMs are specialized hardware devices that provide secure storage and management of cryptographic keys. They are designed to prevent unauthorized access to assets by requiring multiple layers of authentication and verification. HSMs are widely used in the financial industry and are considered one of the most secure methods for storing and managing cryptocurrencies.

Multi-factor authentication is another key component of bank-grade security. It involves requiring users to provide more than one form of authentication to access their crypto wallet. For example, a user may be required to enter a password and a one-time code sent to their mobile phone. This significantly reduces the risk of unauthorized access and ensures that only authorized users can access their custodial or non-custodial wallet.

Encryption is also a critical component of bank-grade security. It involves transforming assets into an unreadable format that can only be deciphered with a decryption key. This ensures that even if a hacker manages to access the custodial or non-custodial wallet, they will not be able to read or use them.

By implementing bank-grade security measures, platforms and custodial account services can ensure the safety and protection of their customers' crypto holdings, build trust and confidence, and attract investors.

Bank-grade security vs other types of security measures used by a crypto exchange

What makes bank-grade security different from other types of security measures is the combination of technology and protocols used to securely store the crypto wallet. Crypto exchanges typically implement bank-grade security solutions that include a combination of hardware and software-based security measures, such as HSMs, multi-factor authentication, and encryption.

Looking ahead, the importance of bank-grade security in the world of cryptocurrency exchanges is only going to increase. As more people adopt cryptocurrencies and the market continues to grow, the need for secure storage and custody solutions will become even more pressing. Platforms and custodial account services that can offer bank-grade security measures will be better positioned to compete and succeed in this rapidly evolving industry.

In conclusion

Bank-grade security is essential for anyone who wants to use cryptocurrencies safely and securely. It ensures the protection of custodial wallets and instills a degree of trust in those utilizing the custodial wallets on offer.

Whether you're an investor, trader, or simply someone who wants to store your assets, bank-grade security measures provide peace of mind and protection against cyber threats through implementing strong security measures. At Tap, we take security very seriously and are committed to providing our customers with the highest level of protection for their assets and crypto wallets.

Dans le folklore de la cryptomonnaie, peu d’événements sont aussi emblématiques — et célébrés avec autant de ferveur — que le Bitcoin Pizza Day. Observé chaque année le 22 mai, il rend hommage à l'une des toutes premières transactions réelles effectuées en Bitcoin. Une date symbolique qui nous rappelle à quel point Bitcoin est parti de loin… pour atteindre les sommets.

Le jour où deux pizzas ont changé l’histoire

Le 18 mai 2010, un développeur basé en Floride, Laszlo Hanyecz, publie un message devenu légendaire sur le forum BitcoinTalk. Il y explique vouloir acheter deux grandes pizzas en échange de 10 000 BTC. Il précise même les garnitures souhaitées et demande que les pizzas soient livrées directement chez lui — histoire de rendre la transaction aussi simple (et savoureuse) que possible.

Contre toute attente, quatre jours plus tard, un autre passionné de Bitcoin, Jeremy Sturdivant alias jercos, accepte le deal. L’échange est conclu, et peu après, deux pizzas fumantes arrivent chez Laszlo.

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Une première transaction historique

Ce moment marque la toute première transaction enregistrée dans le monde réel en utilisant du Bitcoin comme monnaie. Un jalon historique.

Tu te dis peut-être : « Bon, c’était juste 25 $ de pizzas, non ? » Oui… sauf qu’à l’époque, 10 000 BTC valaient environ 41 dollars. Aujourd’hui ? Ce montant représenterait plusieurs centaines de millions d’euros. Sans aucun doute, ce sont les pizzas les plus chères jamais achetées dans l’histoire humaine.

Pourquoi cette journée est-elle célébrée ?

Le Bitcoin Pizza Day est devenu un symbole fort pour la communauté crypto. Non seulement pour son importance historique, mais aussi pour ce qu’il représente financièrement et culturellement. Chaque 22 mai, des passionnés aux quatre coins du monde rendent hommage à cet achat mythique — un moment simple, mais fondateur.

On y voit le point de départ d’une révolution financière. Car même si Laszlo ne le savait pas encore, il venait d’ouvrir la voie à une toute nouvelle ère économique.

Une célébration tournée vers l’avenir

Le Bitcoin Pizza Day n’est pas qu’un clin d’œil au passé : c’est aussi un regard vers l’avenir.

Depuis cette transaction légendaire, la blockchain a évolué, s’est répandue dans des secteurs aussi variés que la finance, la logistique, ou encore la santé. Les cryptomonnaies se sont multipliées, chacune avec ses usages et sa technologie. Et même si Bitcoin reste la plus connue et la plus valorisée, l’écosystème crypto s’est considérablement enrichi.

Une histoire simple, un impact gigantesque

L’acte de Laszlo — acheter deux pizzas — est devenu une tradition annuelle dans la communauté crypto. Il illustre parfaitement le potentiel disruptif de Bitcoin et des monnaies numériques. Aujourd’hui encore, cette anecdote est souvent racontée aux nouveaux venus pour leur montrer jusqu’où une idée visionnaire peut aller.

Le Bitcoin Pizza Day, c’est une célébration des origines modestes de Bitcoin, de son ascension fulgurante, et de l’avenir encore à écrire.

Alors, à chaque 22 mai, on lève une part de pizza 🍕 en l’honneur de Laszlo, de Bitcoin… et de tout ce que la crypto représente : innovation, liberté, et audace.

Pour aller plus loin

🧠 Envie de comprendre les bases du Bitcoin ?
Découvre le whitepaper original publié par Satoshi Nakamoto en 2008 — un document fondateur qui explique tout. Pour les débutants, notre guide complet sur la blockchain est également une excellente porte d’entrée dans cet univers passionnant.

Considering going on a last-minute travel adventure? While we’ve been programmed to think that last-minute travel equates to more expensive, this isn’t necessarily always the case. In this article, we’re dishing out the top 5 last-minute travel tips and ways in which you can score big and tap into great last-minute travel deals. 

From tips on how to google flights to finding hotel rooms with perks and everything else you might need for your last-minute bookings, we've got you covered right here.
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1) Be flexible

Flexibility is key to saving on any last-minute travel needs you may have. And the number one way of doing so is by being f.l.e.x.i.b.l.e.

Whether it’s with your travel dates, flight times, or destination, flexibility can save you a lot of money in the long run. Accommodation and flight prices depend on a plethora of factors such as whether it's in-season or off-season, if you're only looking at popular destinations, or if there are events taking place nearby at the same time, i.e. a conference.

Be sure to check out a range of options before deciding on a specific date and time, just a day’s difference can equate to hundreds of dollars. You might end up surprised by how much money you can save on your last-minute travel adventure by just going with the flow.
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2) Fly wise, fly cheap

The most significant savings come from hotel deals and package deals—not airplane tickets. Flight prices usually go up in cost as the date of departure gets closer, but there is hope for last-minute travel deals. If you want to fly out of town within the same week that you book your seats, try buying your tickets on a Sunday or Tuesday, airlines frequently discount their fares on these days and offer the best deals.

You'll be saving some decent money by avoiding flying on Fridays and Mondays as fares are expected to be higher since they're the most popular days for weekend travelers. Opt for mid-week travel if possible.

Another top tip that many individuals are unaware of is that their browser keeps track of the terms they search for on a regular basis. If the platform notices that someone is searching for anything related to holidays or last-minute flights, the price will rise.

To avoid paying more for the same thing, make sure to open your browser in an incognito window before you google flights and thus prevent being tracked or leaving a history of your searches. The same applies to airline websites and online travel agencies. Not just a last-minute travel hack, but one to use across all varieties of travel.
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3) Be on the lookout for perks

If you're looking for a more affordable way to vacation, then pay attention to the perks and benefits offered by travel companies and accommodations, especially when it comes to last-minute travel. Consider booking accommodation that includes free breakfast and/or complimentary parking, every little bit helps. 

You will be surprised at how much money some of these perks can save! For instance: free breakfast could save you about $20 to $25 per day while parking can easily range from anything between $30 to $45 a day if you opt to get a rental car.

Always do the math before deciding if a specific accommodation is worth it. Check out platforms like Booking.com, Travago, and a specific hotel website you like for the best deals and last-minute travel options, as well as travel apps for any last-minute deals.
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4) Read the fine print

When it comes to a last-minute trip, be aware of the fine print when booking your flight, adventure, or accommodation. Make sure to read up on their cancellation policies as many airlines now offer relaxed rules for changing plans at short notice which means you may be able to change dates without penalty if necessary.

While last-minute deals and spontaneity are exciting, sometimes life has a way of getting in the way so be sure to know the specific terms of your flights and hotels.
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5) Prep like a pro

If you're looking to travel on a budget, there's more to think about than just withdrawing cash from an ATM. With a little planning ahead, you can become a savvy traveler and save yourself some money - even with last-minute travel!

Many of us have been abroad and had to pay outrageous ATM and credit card fees. And all because we didn’t do our research and plan ahead. By taking your Tap card with you, you’ll save a substantial amount of money on your ATM withdrawal fees and foreign exchange fees thanks to its low to zero fees plans compared to that of traditional banks. 

All operated through the app, you can stay up to date on your transaction history and your balances in real-time, and easily - and instantly - transfer funds between accounts. The card also allows you to swipe at merchants worldwide and make quick payments no matter where in the world you might be.

It's also worth doing your research on whether the place you are traveling to prefers guests paying cash or if it is more card transaction based. You would hate to have to travel around with a wad of cash that is difficult to get rid of.

Be wise

Booking for a honeymoon, anniversary, or simply a romantic getaway? Last-minute travel might not be appropriate for you if you’re set on a particular type of accommodation at a particular location or must go during specific travel dates. 

If everything has to be in harmony with your plans, we would strongly recommend you book ahead of time instead of opting for a last-minute trip. You wouldn’t want to cut corners to save money on your once-in-a-lifetime memories. 

Travel smart to travel far

Embrace all that life has to offer by exploring different corners of the globe and get more bang for your buck with these 5 travel tips. From saving a few bucks here and there, you could end up saving big on your last-minute trip.

Be sure to switch to incognito mode and start searching for your dream holiday, it might be just around the corner! 

The Basic Attention Token (BAT) is a utility token designed to transform the digital advertising space. Developed for the Brave web browser ecosystem, BAT aims to create a fairer and more transparent advertising model for both users and advertisers. By incentivising user attention and rewarding them with BAT for engaging with ads, the Brave browser ecosystem is tackling the inefficiencies and privacy concerns in digital advertising. 

What is Basic Attention Token (BAT)?

Basic Attention Token (BAT) is an Ethereum-based utility token integrated into the privacy-focused Brave browser page. Launched in 2016, Brave aims to revolutionise the digital advertising industry by promoting fairness and transparency between advertisers, publishers, and users.

Users receive cryptocurrency rewards in the form of BAT for viewing ads, which allows publishers to deliver more impactful advertisements. This empowers advertisers to make better use of their budgets and better target their target audience. Users then have the flexibility to hold, exchange, or use BAT to support their favourite content creators.

BAT acts as a settlement currency for publishers within the Brave browser ecosystem, facilitating transactions between advertisers, publishers, and users based on their web activity. This token streamlines business between the three parties.

Since its inception, Brave has gained popularity among crypto users and established partnerships with reputable blockchain companies, cementing its position as a leader in the blockchain-based digital advertising space. Through BAT, which launched in 2018, Brave aims to transform the digital advertising economy.

Who created Basic Attention Token?

Basic Attention Token (BAT) was founded by Brendan Eich and Brian Bondy, two highly regarded individuals in the internet browsing software sector. Eich is the co-founder and former CTO of Mozilla Firefox and the inventor of Javascript while Bondy is an influential software engineer with an impressive resume. 

A year after launching the Brave web browser, the pair launched an initial coin offering for the Basic Attention Token (BAT), raising $35 million in just 30 seconds. Selling 1 billion BAT tokens, this is one of the fastest sell-out ICOs of all time. Half of the tokens sold during the ICO were reserved by Brave Software, the parent company of the platform and token; of which 300 million of the reserved tokens were kept for future sale and promotion while 200 million were allocated to the Brave team. 

According to the website, the BAT token project has a team of 13 members behind it under the guidance of 4 advisors.

How does BAT work?

The Basic Attention Token (BAT) operates on the Brave browser, a privacy-focused platform developed by the team behind the token. Brave is a free browser that prioritises user control, loading pages significantly faster than its competitors. Unlike other browsers, Brave only serves advertisements if users opt-in to view them.

Within the Brave browser, users can participate in the Brave Rewards program, which enables them to earn BAT for their attention. They can choose to view privacy-respecting ads or support their favourite content creators by sending them BAT through the Brave Rewards Creators program. By default, Brave blocks trackers and ads, ensuring a more secure and private browsing experience. When users opt-in to view ads, they are only presented with ads from trusted partners, and they are rewarded in BAT for engaging with them.

Publishers are rewarded with BAT based on user attention to their content, encouraging the delivery of higher-quality ads. This rewards system benefits both publishers, who can generate more revenue, and advertisers, who achieve a better return on investment for their advertising budget.

Additionally, users can exchange BAT for various services on the platform and gain access to select premium content. The ultimate goal is to provide users with more control over their online experience while empowering publishers and advertisers with a more transparent and effective advertising platform.

To track the movement of BAT and facilitate transactions, Brave utilises the Brave Micropayments Ledger. This ledger allows advertisers, publishers, and readers to enter into smart contracts and transfer payments securely. Brave is also exploring the use of zero-knowledge proofs in its blockchain to provide anonymity in online media transactions.

Privacy and security are paramount in the Brave browser. Advertisers on Brave are verified, reducing the risk of fraudulent ads and ensuring a safer browsing experience. Users' private data and tracking information are stored only on their devices, preserving their anonymity.

To address fraud and privacy concerns, Brave and BAT have implemented robust security measures. The browser eliminates third-party traffic sourcing and utilises Basic Attention Metrics (BAM) to reduce fraud. The open-source code is auditable, and attention and engagement are verified using Zero-Knowledge Proof (ZKP) protocols. Ads and payouts are rate-limited, and token awards from the user growth pool are distributed gradually to discourage bot operations.

What is the BAT token?

In traditional advertising, advertisers pay rates based on the number of viewers their ads receive. With no guarantee that these viewers are paying attention, BAT seeks to address this issue by incentivising users to pay attention to ads.

When users view ad content on the Brave browser, they are rewarded with BAT tokens as a form of revenue sharing while the publishers and advertisers are rewarded for the most active advertising campaigns. These Brave rewards incentivize users to engage with the ads and provide advertisers with the assurance that their ads are being seen by an attentive audience. Advertisers are willing to pay a premium for this undivided attention.

BAT can be exchanged for cash or held in a digital wallet. Additionally, it can be traded on various cryptocurrency exchanges, allowing users to buy or sell BAT tokens. It's important to note that BAT has a limited supply, initially capped at one billion BAT tokens but later revised to 1.5 billion.

The Basic Attention Token price is influenced by the price of Ethereum since it is an ERC-20 token built on the Ethereum blockchain. As the price of Ethereum fluctuates, the Basic Attention Token price will adjust proportionally.

At the time of writing, the Basic Attention Token had a circulating supply of 1.49 billion BAT tokens, 99% of the maximum total supply.

How can I buy Basic Attention Token?

Whether you're interested in exploring the Basic Attention Token ecosystem or expanding your investment portfolio, you have the convenient option to purchase or sell Basic Attention Token tokens directly through the Tap app.

Tap is a fully licensed and regulated fintech platform that provides a secure avenue not only for purchasing BAT tokens but also for trading, storing, and utilising them. The integrated technology also ensures that traders have access to the top Basic Attention Token price at all times.

To get started, simply download the app, create an account, and complete a quick identity verification process, a legal requirement that typically takes less than 5 minutes. Once your account is set up, you can deposit either cryptocurrency or fiat funds and immediately tap into the coin's circulating supply by trading BAT tokens. The platform supports various leading cryptocurrencies and fiat currencies, enabling individuals from anywhere in the world to empower their financial journey.

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We are delighted to announce the listing and support of Kyber (KNC) on Tap!

KNC is now available for trading on the Tap mobile app. You can now Buy, Sell, Trade or hold KNC for any of the other asset supported on the platform without any pair boundaries. Tap is pair agnostic, meaning you can trade any asset for any other asset without having to worries if a "trading pair" is available.

We believe supporting KNC will provide value to our users. We are looking forward to continue supporting new crypto projects with the aim of providing access to financial power and freedom for all.

Kyber Network is a decentralized multi-chain liquidity hub that provides instant, secure transactions on any decentralized application (dapp). Its main goal is to provide deep liquidity pools that offer the best rates for DeFi dapps, decentralized exchanges (DEXs), and other users. Kyber Network is built on the Ethereum blockchain and makes use of intricate smart contracts.

Kyber Network seeks to solve the liquidity issue in the DeFi industry by allowing developers to build products and services using the platform's protocol, while KyberSwap acts as the trustless trading platform that also provides rewards for liquidity providers. With over $1 billion in total volume from over 1 million user transactions, Kyber Network is a growing player in the DeFi space.

Kyber Network Crystal (KNC) is the native coin for the platform and acts as both a utility and governance token. KNC holders can participate in the DAO and governance proposals by staking their assets or delegating their vote. Users can stake KNC to vote on upgrades and policies or delegate their tokens to other validators and earn a portion of the block reward.

Get to know more about Kyber (KNC) here in our dedicated article.