Tap Protocol, a decentralized finance platform on Bitcoin, has rescheduled its token distribution to October 23, 2024. Initially planned for October 21, the Token Generation Event (TGE) was postponed to ensure ecosystem partners are ready for increased transactions. The delay aims to guarantee optimal performance of bridges and products. Tap Protocol emphasizes the importance of readiness for the high user volume expected. The TAP token will launch on Bitcoin and Ethereum networks simultaneously, maintaining a fixed supply of 21 million tokens. Utilizing the Ordinals system, Tap Protocol aims to enhance DeFi and dApps capabilities within the BTC ecosystem through diverse assets, including NFTs. The roadmap includes milestones like token swap, marketplace, and staking. This strategic approach positions Tap Protocol as a significant player in the decentralized finance space. Read more AI-generated news on: https://app.chaingpt.org/news