Crypto

XTP Crypto: A Guide to Tap, the Project that Connects Crypto and Fiat

XTP is the native token of Tap, a project that aims to bridge the gap between crypto and fiat currencies. Tap allows users to trade, store, send, and receive crypto assets and fiat currencies with ease and convenience. Tap also offers a Mastercard that can be used to spend crypto or fiat anywhere in the world. In this blog post, we will explore what XTP crypto is, how it works, and how you can buy it.

What is XTP Crypto?

XTP is an ERC-20 token that runs on the Ethereum network. It was launched in 2019 as part of the Tap project, which was founded by Arsen Torosian, a serial entrepreneur and crypto enthusiast. XTP has a total supply of 40.4 billion tokens, of which 61% are allocated to DEX liquidity, 29% to unity, and 10% to CEX.

XTP serves as the utility token of the Tap ecosystem, which consists of three main components: the Tap app, the Tap card, and the Tap exchange. The Tap app is a mobile application that allows users to manage their crypto and fiat balances, trade various cryptocurrencies on different exchanges with one app and a single KYC process, send and receive crypto or fiat to anyone in the world for free, and access exclusive features and rewards. The Tap card is a physical or virtual Mastercard that can be used to withdraw fiat from ATMs or spend crypto or fiat online or offline. The Tap card also offers cashback rewards, no annual fees, no delivery charges, and instant notifications. The Tap exchange is a proprietary platform that connects multiple exchanges and provides users with the best prices and liquidity for their trades.

XTP is used for various purposes within the Tap ecosystem, such as:

  • Fees: Users can pay lower fees for trading, withdrawing, or spending by using XTP instead of other currencies.
  • Rewards: Users can earn XTP rewards by staking their tokens on the app, referring new users, or participating in promotions and events.
  • Governance: Users can vote on important decisions regarding the Tap project by using their XTP tokens as voting power.
  • Access: Users can access premium features and services on the app or the card by holding a certain amount of XTP tokens.

How does XTP Crypto work?

XTP crypto works by leveraging the power of blockchain technology and smart contracts to enable fast, secure, and transparent transactions between crypto and fiat currencies. XTP also works by integrating with various partners and platforms to provide users with a seamless and convenient experience.

Some of the features and benefits of XTP crypto are:

  • Security: XTP uses multi-signature cold storage to store all the assets in the Tap ecosystem, ensuring that they are safe from hackers or theft. Cold storage is an offline wallet that is not connected to the internet and is immune to cyberattacks.
  • Speed: XTP uses smart contracts to execute transactions instantly and automatically, without any intermediaries or delays. Smart contracts are self-executing agreements that are coded on the blockchain and are triggered by predefined conditions.
  • Simplicity: XTP uses one app and one card to manage all the crypto and fiat assets in the Tap ecosystem, eliminating the need for multiple accounts, wallets, cards, or exchanges. Users can also use one KYC process to verify their identity and access all the services on the app or the card.
  • Savings: XTP uses its own exchange to provide users with the best prices and liquidity for their trades, saving them from paying high fees or slippage on other platforms. Users can also save money by using XTP to pay lower fees or earn rewards on the app or the card.

How to buy XTP Crypto?

If you are interested in buying XTP crypto, you will need to follow these steps:

  • Step 1: Get an Ethereum wallet. You will need an Ethereum wallet to store your XTP tokens. You can choose from various options such as MetaMask, Trust Wallet, or Coinbase Wallet. Make sure you have some ETH in your wallet to pay for gas fees.
  • Step 2: Go to Uniswap. Uniswap is a decentralized exchange that allows you to swap any ERC-20 token for another. You can access Uniswap through your web browser or your Ethereum wallet app. You will need to connect your wallet to Uniswap and approve the transaction.
  • Step 3: Swap ETH for XTP. On Uniswap, you will need to select ETH as the input token and XTP as the output token. You can use this link to access the XTP/ETH pair directly. You will need to enter the amount of ETH you want to swap and click on “Swap”. You will see the amount of XTP you will receive and the gas fee you will pay. Confirm the transaction and wait for it to be processed.
  • Step 4: Check your balance. Once the transaction is completed, you will see your XTP balance in your wallet. You can also check it on Etherscan by entering your wallet address or transaction hash.

Conclusion

XTP crypto is the native token of Tap, a project that aims to bridge the gap between crypto and fiat currencies. Tap allows users to trade, store, send, and receive crypto assets and fiat currencies with ease and convenience. Tap also offers a Mastercard that can be used to spend crypto or fiat anywhere in the world.

XTP serves as the utility token of the Tap ecosystem, which consists of three main components: the Tap app, the Tap card, and the Tap exchange. XTP is used for various purposes such as fees, rewards, governance, and access within the Tap ecosystem.

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