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Tag Protocol project aims to address the challenges faced by existing store of value coins. Their vision is to create a coin ecosystem that is compatible with any blockchain. This ecosystem allows for the deployment and migration of smart contract structures to different SmartChain Platforms based on community consensus.
Any member of the Tagcoin community can propose migrating from the current blockchain to another blockchain, providing their reasoning. The community then deliberates, analyzes, and votes on the proposal. This ensures that the community maintains a consistent coin tokenomics, while also having the flexibility to adapt or migrate to more advanced blockchain technology based on the changing needs identified through community consensus.
The underlying concept is that a valuable store of value token derives its value from the continuity of its tokenomics, with the blockchain serving as a secure and reliable network for transferring and storing coins for the community.
Information
What is TAG Protocol?
TAG Protocol is a DAO (Digital Autonomous Organization) that operates a Hashtag registry, Staking & Trading service on Binance Smart Chain. Users can register and perpetually own unique social media Hashtags, similar to how they register and own domain names. By participating in the daily Hashtag Staking Pool, users can mine Tagcoin (the native protocol coin). Tagcoin can be exchanged for other cryptocurrencies like BNB and BUSD at the market rate on Tag Exchange. Additionally, users can trade Hashtags with other users at the Hashtag Auction Marketplace in exchange for other cryptocurrencies.
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