Smart Contract Features of the Tapmoon Token (TAPS)

Aykizcrypto · February 3

The TAPS token is an MLM-based token. Typically, in MLM tokens, when the price rises, people are happy, but even a slight dip in the price causes panic. This panic often leads to the collapse of some MLM projects, either due to user behavior or fraudulent practices by project owners. To prevent such scenarios, the TAPS token’s smart contract has been designed with advanced features to ensure stability and trust within the system.

Here are the key features of the TAPS token smart contract:

Daily Sell Limit for PancakeSwap Buyers:

Buyers on PancakeSwap can sell only 1% of their purchased tokens per day. This feature prevents any individual from selling a large quantity of tokens at once, which could lead to a price dump. However, these tokens can still be used to become a liquidity provider (LP), promoting stability within the ecosystem.

2. Unlimited Withdrawal for Liquidity Providers:

Liquidity providers are integral to the Tapmoon ecosystem and are trusted stakeholders. They are allowed to swap unlimited TAPS tokens on PancakeSwap, ensuring their contributions to liquidity remain unrestricted.

3. Daily Swap Limit for Promoters:

Promoters, being the pillars of the Tapmoon system, can swap up to 10% of their TAPS tokens daily. The remaining 90% of their tokens can be utilized to bring in new members, further supporting the community and the project.

4. Sell Limit for Internally Transferred Tokens

Tokens received through internal transfers can also be sold, but only up to 1% per day. This maintains a consistent sell limit across different token sources, promoting stability in token circulation.

5. Price Floor Management

The standout feature of the TAPS token is its robust Price Floor Management mechanism. This ensures that the price of TAPS tokens can never fall below a certain level. By design, the smart contract prevents price crashes and guarantees that the liquidity pool remains intact. This feature safeguards the token’s value, instills confidence among users, and ensures the sustainability of the ecosystem.

Additionally, tokens can be encashed through peer-to-peer (P2P) transfers or by introducing them to new participants, adding another layer of flexibility for users.

Why These Features Make the TAPS Token Smart

These innovative smart contract features are designed to address common challenges in MLM-based tokens, prevent panic among users, and protect the ecosystem from collapses caused by price volatility or mismanagement. The TAPS token ensures stability, trust, and long-term sustainability, making it a smart choice for participants and promoters alike.