Traverse to Revolutionize Digital Asset Ecosystem with Transition to TAP Token

Traverse announced the transformation of $TRVS from BRC20 to TAP, airdropping TAP tokens to holders on April 4th. Users were advised to hold $TRVS in wallets or Traverse vaults. The airdrop commences 24 hours later, on April 5th, after the snapshot date. Post-snapshot, $TRVS will be deregistered from exchanges, while TAP tokens will be traded under $traverse on SatsXio and Ordinals Wallets. Registration of TAP tokens on other exchanges is in progress. Traverse's token supply will reduce from 100B to 1B, with locked tokens supporting platform improvements and exchange listings. TAP and DMT assets will be supported in Traverse vaults, connecting holders to their tokens. A space on X will be hosted after the $traverse airdrop completion.

Traverse to Revolutionize Digital Asset Ecosystem with Transition to TAP Token

On March 24, Traverse announced a groundbreaking transformation, declaring that its BRC20 token ($TRVS) will be revolutionized into the Traverse Asset Platform (TAP) token on April 4. This momentous move marks a significant milestone in the evolution of the Traverse ecosystem, paving the way for enhanced utility and adoption.

To facilitate the seamless transition, Traverse users are advised to hold their $TRVS tokens until the snapshot date of April 4. Subsequent to the snapshot, holders will receive airdropped TAP tokens, which will replace $TRVS within the Traverse ecosystem. Until then, users can safely store their $TRVS tokens in their preferred wallets or the secure Traverse vaults. This action will ensure their eligibility for the TAP token airdrop.

The airdrop process will commence within 24 hours after the snapshot on March 5, distributing TAP tokens to eligible holders. Following the snapshot, $TRVS tokens will cease to exist within the Traverse ecosystem. To ensure a smooth transition, Traverse strongly advises against purchasing $TRVS from exchanges such as OKX or UniSwap after the snapshot schedule. The Traverse team is diligently working to deregister $TRVS from these exchanges after the April 4 snapshot completion.

The newly minted TAP token will be traded under the symbol "$traverse" on reputable platforms such as SatsXio and Ordinals Wallets from April 5 onward. Traverse is actively collaborating with leading centralized exchanges, including Poloniex and SuperEx, to register TAP tokens, with more exchanges exploring avenues for listing soon.

The current supply of $TRVS stands at 100 billion, which will be significantly reduced to 1 billion following the transition to TAP. The Traverse team will retain a portion of the TAP tokens for strategic platform and ecosystem enhancements, including CEX registration fees and related incentives.

Furthermore, Traverse vaults will soon provide support for TAP and DMT assets. $traverse holders can seamlessly manage their tokens within their Traverse vaults, empowering them with greater control and flexibility.

Upon completion of the $traverse airdrop on April 5, Traverse plans to host a dedicated space on X, a popular social media platform, to engage with the community, provide updates, and foster further growth within the Traverse ecosystem.

This transition to the TAP token is a testament to Traverse's unwavering commitment to innovation and user empowerment. The TAP token will serve as the cornerstone of the Traverse ecosystem, enabling a seamless and user-friendly experience across all Traverse platforms. With its robust roadmap and a dedicated team, Traverse is poised to transform the digital asset landscape, unlocking unprecedented opportunities for its users.