Tag Protocol, a fully decentralized autonomous organization (DAO) has introduced a new way of owning and registering unique hashtags used on social media sites. Although it’s a new project in the market, crypto investors and traders from all over the world are taking it seriously. This is because it has the potential to grow manifold in the near future. Let’s find out what exactly is Tag Protocol.
What is Tag Protocol?
Tag Protocol is a new crypto project and a digital Autonomous Organization that runs hashtag staking, hashtag registry, and hashtag trading services on Binance Smart Chain (BSC). Users can collect trade and stack hashtags to earn Tagcoins based on the performance a popular social media platform Twitter. People can register and own unique hashtags used on Twitter. Registering and owning hashtags is quite similar to registering a web domain name on the internet. You won’t need to go through any training sessions to be able to start making money with Tag Protocol. It is simple and easier.
Users can use their hashtags to earn a native protocol coin called Tagcoin by joining the daily Hashtag staking pool. Furthermore, they can also exchange their earned Tagcoin for other digital currencies such as USDT, BNB at the market rate using the company’s exchange Tag Exchange. Hashtags can also be traded with other users at Hashtag Auction Marketplace in return for other digital currencies.
It is the world’s first crypto project that turns social media hashtags into unique NFTs (Non-Fungible Tokens). Here’s what sets it apart;
- 100% decentralized DAO
- Strong tokenomics – Deflation with halving every year
- First data-driven NFTs
- Hourly rewards distribution based on Twitter Performance
- Think of Hashtags NFT like cryptocurrency miners
- First NFT hashtag auction
- No presale – all Tagcoin distribution over Hashtags NFT
Why Invest in Tag Protocol’s Hashtag?
Every hashtag represents a unique NFT, which no one can copy when is already registered on Binance Smart Chain. So, the faster you act, the faster you can register and own your unique hashtag. Reward distribution is based on the performance of Twitter. It means the better hashtag you register now, the more benefits you will reap with time.
It’s a long-term game that has the potential to triple your investment in the future. Investing in the hashtags you think are more likely to perform better over time can bring you huge profits in the near future.
The Tag Protocol ecosystem is comprised of the following six services: a) hashtag registry, b) hashtag auctions, c) hashtag staking, d) performance oracles, e) Tag exchange, and decentralized invitation program. The hashtag staking service lets users stake their hashtag NFTs to collect or mine Tagcoin based on the performance of the social platform Twitter.
When anyone registers a new hashtag with a particular name/value, the registry service mints a new non-fungible token with the value approved by the user and sends that token to the user’s wallet address. For more information in detail, please visit Tag Protocol’s official website to clear away any doubts you may have.