Hej Hej, fellow adventurers! We have some thrilling news to share with you! Tap, your favorite app, is now available in Swedish! 🇸🇪🌟

At Tap, we understand the importance of seamless user experiences, and language plays a vital role in that. With our latest update, we are now offering an immersive and realistic experience in Swedish!

But we didn't stop there! We have also revamped our website to enhance your experience further. Explore our new Swedish haven that's as delightful as a freshly baked cinnamon roll : https://www.withtap.com/sv .

Join us on this exciting journey as we reshape the landscape of fintech in Sweden. Tap into a world of financial possibilities with our intuitive Swedish app, designed to simplify your financial life and empower you to achieve your goals.

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.

While we’re super excited to move into our new era of financial inclusion, it seems a few are getting caught up in the nostalgia of the old Tap. We get it, Tap Global still sounds iconic, but as we embark on our new chapter, we’ve dropped the Global and are rolling as just Tap. Rest assured, while we embrace this new identity, we remain dedicated to the core values and exceptional services that have made Tap a trusted name in the industry.

As we forge ahead into the future, combining innovation with a touch of familiarity that we know you'll love, we invite you to join us. We’ve noticed, however, that some people are still using the old lingo in their Google searches, so in the spirit of leaving no man or woman behind, here are our answers to your burning questions. 

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Is Tap legit?

Yes, Tap is a legitimate company in the fintech industry. It is a well-known and reputable organization that provides services for buying, selling, spending, and storing crypto and fiat currencies. 

Through our user-friendly mobile app and commitment to enhancing security measures, we provide an all-rounded financial service that is not only licensed and regulated by the Gibraltar Financial Services Commission but also audited by PKF. 

Check out our website, app, and if you want to understand just “how legit” we are.  

Is Tap safe?

If there’s one thing to be sure of it’s that we take security measures very, very seriously. 

We employ industry-leading security practices and technologies to protect user data and transactions and have designed our mobile app with a particular focus on security, utilizing encryption and other security protocols to safeguard sensitive information.

However, it is important to note that no system is completely immune to risks and for that, we have implemented safeguards too. We not only encourage users to exercise caution and follow best practices such as setting strong passwords, enabling two-factor authentication, and regularly updating their devices and software, but we also have insurance policies in place should any of our multi-layered security barriers become compromised.

Is Tap available in USA?

Is Tap available in the US?

We appreciate your interest in Tap. Currently, our app's availability varies globally due to a myriad of factors that go into each market entry. While we strive to cater to as wide a user base as possible, it's important to us that we adhere to all regulatory and compliance measures, ensuring a secure and dependable platform for all our users.

As for your query regarding the United States, we don't have a definitive answer at the moment. Our focus is on delivering the best possible experience for our current users while exploring potential avenues for growth.

We always encourage our users to stay updated with our platform for any announcements.

While waiting for our launch in the land of the free, we are offering users an opportunity to join the Tap waiting list program and earn up to $100 in referral rewards for each friend you invite.

Is Tap a bank?

Technically referred to as a Fintech, Tap is a financial technology company that provides services related to crypto and fiat currencies. Through the licensed and regulated platform, users are able to buy, sell, spend, and store a wide range of crypto and fiat currencies.

Your Tap account also comes with a complimentary Tap prepaid Mastercard which allows you to spend any of your stored currencies at merchants and ATMs around the world. 

In short, Tap is a Fintech and does not offer traditional banking services like loans. 

Is Tap a good investment?

As a reputable fintech platform, we will never provide financial advice or make specific investment recommendations. The decision to consider Tap or any other investment opportunity should be based on your own thorough research, careful consideration of your financial goals and risk tolerance, and consultation with a qualified financial advisor if accessible. 

What we can offer is a guideline to use when evaluating an investment. It is essential to assess various factors, including the company's track record, market conditions, its leadership, and the potential risks and rewards associated with the investment. It is also important to consider that investments in cryptocurrencies can be volatile and subject to market fluctuations.

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Bonus question: will Tap be called "faucet" in the USA?

While not exactly a Google search, a fair question from Dave in the comments section: will Tap be called "faucet" in the USA? Despite the American version of the same device being referred to as a faucet, that answer is a definite no. Tap will remain true to its roots and still be called Tap when launching in the USA. 😉

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Addressing the speed and cost concerns associated with the Ethereum platform and decentralized cryptocurrency exchanges, Loopring delivers a new layer to the DeFi space. Describing itself as “an open-source, audited, and non-custodial exchange protocol,” Loopring is bringing something new and innovative to the space.

Below we answer the burning questions surrounding the DeFi project, such as what is Loopring, how the Loopring protocol works, and what the LRC token is responsible for.

What is Loopring (LRC)?

Loopring is many things. Under the far-stretching umbrella, there is the company, Loopring Project Ltd, the decentralized exchange, Loopring Exchange, the Loopring Protocol, the Loopring Relayer (the backend that powers the protocol), the Loopring Wallet, and the token, LRC.

The layer two protocol is an open DeFi protocol that allows other exchanges to build on top of it. The protocol supports a number of crypto assets and implements zero-knowledge rollups (zkRollups) to address the slow speeds and high costs associated with decentralized exchanges on Ethereum. With zkRollups, Loopring seeks to enable faster settlements for traders by allowing key computations to be completed on other blockchains.

By reducing the number of transactions submitted to the Ethereum network, Loopring exchanges can increase the speed with near-instantaneous settlements and reduce costs for traders.

The Loopring Exchange aims to offer a hybrid platform combining the best features of centralized exchanges and decentralized exchanges, addressing issues like structural limitations and transparency. The platform combines centralized order matching with decentralized blockchain order settlement, using zero-knowledge proofs (ZKPs) for enhanced privacy, reduced costs, and high speeds.

LRC tokens were first made available to the public in August 2017 as part of an ICO. In December 2019, the Loopring protocol, built on the Ethereum blockchain, was officially launched. 

Who created Loopring?

Loopring was established by Daniel Wang, a software engineer based in Shanghai. Wang has an impressive resume of prior experience working at prominent companies like Google, medical device manufacturer Boston Scientific, and Chinese e-commerce giant, JD.com. While Wang has continued to serve as the CEO of Loopring Foundation.

In 2017, Loopring conducted an initial coin offering (ICO), successfully raising 120,000 ether valued at $45 million. However, due to the tightening regulatory environment surrounding ICOs in China, the company decided to return 80% of the funds raised from the public sale.

Despite this setback, the Loopring team allocated the remaining proceeds toward the development of their platform.

How does Loopring work?

When you perform a transaction directly on Ethereum (a layer one blockchain) the cost of the transaction depends on the amount of data it contains. Larger transactions, which have more data, require more computing power to process and therefore end up being more expensive. Layer two solutions, on the other hand, tackle this issue by executing transactions outside of layer one, resulting in lower costs and less congestion.

As a layer two solution, Loopring does this by utilizing a newer type of cryptography called zero-knowledge rollups, also known as zkRollups. In the term "zkRollups," the "zk" refers to "zero knowledge." Zero knowledge proof is a cryptographic technique that enables one party to prove the truth of a statement to another party without disclosing any information about that statement.

Rollups, on the other hand, batch transactions together and execute them outside of layer one. So after the transaction data is processed, it is posted back to layer one to reach a consensus. This batching process is what enables transactions on layer two to be more affordable.

The Loopring team responsible for the Loopring protocol is the same team that developed the Loopring Exchange, which was the first zkRollup-based exchange accessible to the public on the Ethereum network. This successful launch demonstrated the protocol's effectiveness and the underlying technology.

Loopring sets itself apart from other trading technologies in the decentralized finance (DeFi) space by utilizing an order book-based approach. While decentralized, trading on a Loopring-powered decentralized exchange (DEX) is more similar to trading on centralized exchanges, which primarily rely on order books, but without the security or custodial concerns. This is in contrast to most decentralized exchanges that heavily rely on user-generated liquidity through automated market maker (AMM) technology.

To illustrate its effectiveness, Loopring can handle up to 2,025 trades per second, which is approximately ten times faster than Ethereum can achieve on its own. On top of that it can also lower transaction fees and the overall transaction cost due to its effective use of layer two technology.

What is the LRC token?

The Loopring cryptocurrency, LRC, plays a crucial role in the operations of the protocol.

To operate a decentralized exchange on Loopring, a minimum of 250,000 LRC needs to be locked up. This allows the exchange operator to utilize on-chain data proofs. Alternatively, an operator can stake 1 million LRC to run an exchange without this feature.

LRC serves as an incentive for the proper utilization of the Loopring network. Exchange operators who deposit LRC may face confiscation of their deposits by the protocol if they operate exchanges poorly. These confiscated funds are then distributed to users who choose to lock up LRC.

Additionally, any user can stake LRC to earn a share of the trading fees paid to the protocol. Approximately 70% of the fees are distributed to users who stake LRC. Another 20% is allocated to the Loopring Decentralized Autonomous Organization (DAO), which allows a pool of funds to be used according to the discretion of Loopring users in the future.

Lastly, 10% of the fees are burned, meaning the total supply of LRC decreases over time, leading to potential upward pressure on its price. The maximum supply of LRC tokens is set at 1.375 billion.

How can I buy LRC tokens?

For those interested in accessing the Loopring (LRC) market, users have the option to buy or sell Loopring LRC tokens through the Tap app.

The user-friendly app allows LRC holders to buy and sell tokens using various fiat currencies or cryptocurrencies, and once purchased, the LRC tokens can be securely stored in unique wallets.

Users have the flexibility to hold their LRC tokens for any duration, trade them for other cryptocurrencies, convert them to fiat currencies, or send them to individuals across the globe. With the Tap app, you can conveniently meet your crypto-related requirements with a seamless and hassle-free experience.

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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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Gala Games, the company behind GALA tokens, is a disruptive force in the gaming industry. Harnessing Web3 and blockchain technology, Gala Games aims to redefine the player landscape and break away from the traditional gaming model, granting players unprecedented freedom, control, and rewards.

Poised to challenge mainstream platforms, Gala Games has already established a thriving Web3 gaming ecosystem with its play-to-earn games, in-game assets, and high game quality.

What is Gala Games (GALA)?

Gala Games is a blockchain-based play-to-earn gaming platform that launched in 2019 to tap into the growing adoption of blockchain platforms in the gaming community. Hosting a wide range of game genres, including real-time strategy (RTS), multiplayer online battle arena (MOBA), and role-playing games (RPGs), Gala Games offers players a diverse and unique gaming experience.

Originally operating on the Ethereum blockchain, the Gala Games platform has since expanded to Polygon and BNB Chain and leverages Web3 technology to create a secure, immersive, and accessible gaming environment. One key feature is the ability for players to truly own the items they earn through gameplay, thanks to non-fungible tokens (NFTs).

Players are rewarded for their in-game accomplishments with the GALA token and NFTs. GALA is the native token within Gala Games, used for in-game purchases and as a medium of exchange. It also rewards Founder's Node operators and facilitates transactions in the Gala Store. Additionally, GALA enables governance voting, giving players a say in the platform's future developments.

Gala Games provides a unique opportunity for players to engage in play-to-earn gaming, where they can not only enjoy immersive gameplay but also earn tangible rewards. Gala Games allows players to enter a world where blockchain meets Web3 meets gaming, and ownership is emphasized.

In early 2022, Gala Games expanded its Web3 offering beyond gaming to incorporate Gala Music and Gala Film. Later that year, it launched its “games-first” layer-1 blockchain solution called Project GYRI which bridges to the Ethereum blockchain and uses GALA as gas for all transactions. The collected GALA tokens are burned or distributed to Founder’s Node operators. 

Who created Gala Games?

Gala Games was founded in 2019 by Eric Schiermeyer and Michael McCarthy, combining the expertise of gaming industry veterans with a focus on blockchain gaming. 

Eric Schiermeyer, the CEO and co-founder of Zynga, brings his digital gaming background, while Michael McCarthy, the President of Games, contributes over 20 years of gaming industry experience. 

In 2021, the US-based gaming platform partnered with C² Ventures to create a $100 million fund for blockchain gaming development, allocated to game developers and new blockchain-based gaming projects.

GALA tokens are distributed daily according to its annual halving schedule and shared among Founder's Node operators and the Gala Games Conservatorship. Each year the number of tokens distributed each day is cut in half.

How does Gala work?

Gala Games offers a diverse selection of blockchain games prioritizing gameplay over monetary incentives by relying on two key elements: Gala Nodes and the Gala ecosystem. 

The immersive games are created by their in-house studio and award-winning external gaming studios like Ember Entertainment, GAMEDIA, Kung Fu Factory, 22cans, and more. In-game items, such as weapons and skins, can be bought and sold on the Gala Store and OpenSea as NFTs.

Gala Nodes

Instead of a centralized server, Gala Games operates on a distributed network of computers. Participants, known as nodes and owned by users, contribute computational resources to the decentralized gaming network and in turn receive rewards.

There are currently four main types of nodes on the platform:

Game Nodes

Game nodes host gaming servers and are granted special allowances in the games they support, i.e. NFTs.

Founder's Nodes

There are only 50,000 Founders Nodes available and these can be bought using GALA tokens directly through the Gala Games website. These nodes hold governance rights and are able to vote on future developments. 

Player Nodes

Users that allow network listeners to share and play music through NFTs. 

Film Nodes

Similar to Gala Games Player Nodes, Film Nodes host entertainment and film experiences. 

Gala Games Ecosystem

The platform offers a range of engaging blockchain games that have been enjoyed by millions of players. Popular titles include Fortitude, Town Star, and Echoes of Empire. Each game offers unique gameplay and rewards for player achievements as well as distinctive in-game assets.

What is the GALA token?

Built on both the Ethereum blockchain (ERC-20) and BNB Chain (BEP-20), GALA tokens are designed to provide a medium of exchange for all in-game assets and transactions made within the Gala platform. GALA tokens are also used to reward Founder Node operators, as in-game player rewards, and provide governance rights. These tokens can also be used to purchase a license to operate a node. 

Gala Token Distribution

The total supply of the GALA token sits at 50 billion. Each day, half of a pre-specified number of GALA tokens are given to Founder's Node operators, and the other half is given to the Gala Games conservatorship for future growth and funding. Each year, this number of tokens is halved.

For example, from July 2022 to July 2023 the Gala Games network planned to distribute 8,561,643 GALA tokens each day. From July 2023 this number will halve.

When GALA is used to buy NFTs in the Gala Games store, that GALA is burned and an equal amount of GALA is then added to a pool for future distribution within the Gala Games ecosystem.

How can I buy the GALA token?

Whether you want to tap into the Gala Games ecosystem or simply diversify your portfolio, you can easily buy or sell the GALA token directly through the Tap app. As a fully licensed and regulated fintech platform, Tap offers a secure means to not only buy and sell but also store and spend your GALA token. 

Simply download the app, create an account, and verify your identity (a legal requirement that takes under 5 minutes). Once your account is up and running you can load either crypto or fiat funds and start trading GALA tokens. The platform supports a number of top crypto and fiat currencies, allowing anyone anywhere to tap into the world of streamlined finances.