Cardano
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    • Cardano Directory
      • Home
  • Creator Guide
    • How To Launch An NFT Collection
      • What Are NFTs
        • How NFTs Work
        • NFTs and Copyright
        • Examples of NFTs
        • Why Create NFTs on Cardano
        • NFT Minting Sites
      • How To Start Minting NFTs
        • Create Your Cardano Wallet
        • Fund Your Cardano Wallet
        • Mint Your NFT
        • NFT Viewing
      • Selling Your NFTs
        • NFTs and Taxes
        • Listing Your NFT
      • Marketing Your NFT Collection
        • Drop Calendars
        • Website
        • Social Media
      • Conclusion
  • Collector Guide
    • How To Buy NFTs
      • How To Buy ADA
      • How To Fund Your Cardano Wallet
      • Find The Right Project
      • How To Avoid Scams When Minting NFTs
      • How To Buy NFTs From An Existing Project
      • Investing With A Plan
      • Conclusion
  • Wallets
    • Overview
    • Reviews
    • Specs Comparison
  • Decentralized Exchanges
    • Overview
    • Specs Comparison
  • NFT Minting
    • Overview
    • Reviews
    • Specs Comparison
  • Primary Marketplaces
    • Overview
    • Reviews
    • Specs Comparison
  • Secondary Marketplaces
    • Overview
    • Reviews
    • Specs Comparison
  • Drop Calendars
    • Overview
    • Reviews
    • Specs Comparison
  • Ranking Tools
    • Overview
    • Reviews
  • NFT Viewing
    • Overview
    • Reviews
  • Token Taps
    • Overview
    • Reviews
    • Specs Comparison
  • Discord Bots
    • Overview
    • Reviews
    • Specs Comparison
  • Info Sites
    • Overview
    • Reviews
    • YouTube
    • Twitter
    • Devs
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On this page
  • Key Takeaways For Creators
  • Key Takeaways For Collectors
  1. Token Taps

Overview

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Last updated 2 years ago

Token taps are service providers that help fungible token projects that build on Cardano and NFT projects that have a native token built into their ecosystem distribute free tokens to eligible users for a nominal fee.

Key Takeaways For Creators

Creators can make use of token taps to:

  • Periodically distribute their tokens to investors increasing circulation and the promotion thereof

  • Set specific conditions that need to be met for a token drop to control who is eligible to participate

  • Keep collectors in the loop on giveaways, whitelisting opportunities, potential scams to watch out for, and more

  • Incentivize token or NFT holders to further support their project with free drops

Key Takeaways For Collectors

Collectors can make use of token taps to:

  • Earn free tokens by connecting your wallet address and choosing tokens that you’re eligible to receive

  • Invest in up-and-coming tokens for a small fee in ADA to diversify your portfolio and benefit from potential gains

  • Use tokens to actively participate in projects with utility in the metaverse and crypto gaming platforms for even more rewards

  • Stake your free tokens with certain projects to qualify for special NFT drops

Tap into more rewards for being a loyal investor with our token taps reviews.