TAC ($TAC) Up 34% as Mainnet and Native Token Go Live

TAC, a purpose-built layer-1 blockchain, has emerged as one of the top three trending crypto projects on the price-tracking platform CoinGecko. The blockchain’s native cryptocurrency saw a 34% price surge as of the time of writing, bringing its price to $0.01912.

The project saw this market growth shortly after launching its mainnet and native token, dubbed TAC.

What is TAC?

Initially announced to the public in July 2024, TAC aims to bring over one billion users on the Telegram social platform and its affiliated TON blockchain closer to decentralized applications (dApps) compatible with the Ethereum Virtual Machine (EVM). This entails that Telegram and TON users can access a supported Ethereum dApp.

TAC blockchain is developed using the technology of the layer-0 blockchain Cosmos. The platform utilizes a Tendermint-based delegated proof-of-stake (DPoS) consensus mechanism, which enables block finality within approximately two seconds.

Notably, the TAC team disclosed last month that it has secured a total of $11.5 million via seed and strategic funding rounds. The cash injection was geared towards bridging the Telegram ecosystem with DeFi platforms across EVM-compatible blockchains, such as Ethereum. The announcement added that users would access the platform through their individual Telegram accounts.

Following TAC’s mainnet launch, it has enabled integration with DeFi protocols, such as RedStone, Bancor, Curve, Euler, Morpho, and ZeroLend.

$TAC Airdrop

Alongside the TAC blockchain debut, its native token, $TAC, also entered the market. It has a total supply of 10 billion tokens. The project had previously launched campaigns as part of its marketing efforts to reach broader audiences. Eligible participants in these campaigns have qualified for a $TAC airdrop.

TAC stated in a blog post earlier today that it forged a partnership with Sign, a blockchain protocol facilitating token distribution, to execute the airdrop distribution.

Those receiving the airdrop fall into one of two categories: TAC Pilled users (early community members) and TAC First Force SBT holders (a soulbound token issued to early adopters). Since these tokens are claimable via the TON blockchain, users must own a TON-enabled wallet to receive their rewards.

Upon receiving their $TAC holdings, users can stake their holdings for 60 days to earn additional rewards. Holding their $TAC portfolio for this duration allows users to gain approximately 8% in annual percentage yield (APY).

On the other hand, if users choose to withdraw their $TAC holdings immediately, they would be eligible to claim 30% of their allocation. The remaining 70% of the tokens will be reallocated to public incentives, and the user will lose access to these tokens. This measure will ensure most airdrop participants retain their $TAC holdings and not sell off immediately.

TAC Garners Attention

Following TAC’s token and blockchain launch, the project revealed that it has secured listings on prominent crypto exchanges. These platforms included Bitget, Bybit, and Kraken. Binance Alpha, a Binance subsidiary focused on supporting new and promising projects, also listed the $TAC cryptocurrency.

$TAC is also accessible on Wallet in Telegram, a digital wallet that enables users to buy and sell crypto assets directly within the social media platform.

The airdrop and exchange listing have aided $TAC’s availability in the crypto market. On-chain data shows that over 2.023 billion $TAC tokens are in circulation.

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