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If you are familiar with NFT Utility platforms, chances are high that you would be looking for opportunities to capitalize on the same. By now, you should also be familiar with hashtags, that has so much relevance on social media and trends. Of course, there are investors who do not have a clear understanding on how it works. Well, how does it matter as long as you can use these hashtags to convert your NFT tokens into miners?
One of the best platforms, Tagprotocol, has come up with an innovative approach to grow your digital asset. You might be able to use your hashtags in moneymaking pursuits! In the past, hashtags were often associated with advertisers and shills. However, with decentralized technology and cryptocurrency gaining popularity, you have a new situation awaiting.
What’s special about Tagprotocol?
Tagprotocol is a platform that enables users to claim the ownership of hashtags. This would be a unique token of NFT. Over time, this would generate a recurring revenue through Tagcoinmining. This would require the users to stake the hashtags. Based on their Twitter performance, the rewards would be distributed.
What is Tagprotocol? How does it work?
Tagprotocol is a DAO (decentralized autonomous organization), developed on Binance Smart Chain. This is actually an Ethereum(ETH) fork, which has been modified for cheaper transactions. Tagprotocol comes with elements like staking, a hashtag registry, DEX, hashtag auction for NFT, and other prominent services.
The core element of this platform is hashtag registry. It is actually a registry backed by blockchain for social media hashtags. As a user, you might find a particular hashtag. If you want to own it, you need to use the Binance Smart Chain to register it. Of course, you need to ensure that the hashtag is not owned by any other user. Accordingly, the corresponding NFT token would be generated by the hashtag registry. This would then be transferred to the respective user. This is a unique and non-fungible token, that can benefit the owner.
What are the benefits for the hashtag owners?
Hashtag owners can benefit from the platform in several ways.
- Hashtag staking: In order to receive Tagcoin, the native coin of this platform, users can stake these hashtag tokens. In the process, they can get a reward in the form of a strong deflation. The performance of this hashtag on Twitter would generate rewards. This performance analysis would take place by independent external data aggregators called Oracles.
- Hashtag auction: In this decentralized marketplace, you can trade your NFTS for other Crypto Coin, such as bitcoin or crypto punk or other hashtags.
Besides, you have other moneymaking opportunities through hashtags, which are based on the yield farming model.
You can lock the Tagcoins generated from Hashtag Staking in liquidity pools. This would help you couple up as a liquidity provider and get an additional income.
Besides, there’s an inbuilt decentralized exchange in the platform. Using this, the users can get othercryptocurrencies by selling Tagcoins and be a part of liquidity pools.
Therefore, this platform enables miners and opportunists to benefit from a data driven approach to grow their digital asset. Registering with the website would enable you capitalize on the opportunities and make monetary gains.
