I've been monitoring and talking with the team behind TAP, the team has so many good ideas that they've decided to wrap up into a mobile app and platform that could, in the end, turn out to not only be an amazing breakthrough for new crypto users but something that might change the way everyone gets their crypto. By taking the market prices from all over the crypto industry and serving up the current best option to the user this would allow people to be buying and selling near instantly at the best possible rate.
According to the team they estimate acquisitions and sales of crypto across the industry will take less than 3 seconds. Imagine that no hunting coinmarketcap, not hunting through all your exchanges and not signing up for a new exchange to get a better rate because you're only registered at the biggest exchanges and the best price is at a smaller exchange at that moment. These are all things we've had to deal with in the past and these are all situations that according to TAP won't be necessary anymore. A quick look at even bitcoin's coinmarketcap overview shows that the spread tends to be over 3% and that's on a huge marketcap coin, the spread grows to even wider margins when you look at midrange and low market cap coins, where the spread between availability can be anywhere from 3-10%.
TAP by offering a quick one-stop shop where you can get the best prices from a deluge of exchanges for whatever crypto you are looking to buy or sell, with only a 1.5% fee, as you can see even with the most narrow of coins, you're still getting one of the best possible rates for the coin without any of the hassle. Combine this ease of access with the ability for you to have access to any supported exchange with a single KYC means that you won't have to hand out your KYC documentation to some random "SuperShadyExchangeWithGreatPrices" instead you deal with 1 central authority and they handle all the legwork to connect to the various exchanges and get you those best prices, while at the same time giving their user base access to more volume than any single exchange would be capable of.
Because of the scope of their project the team has more legwork to accomplish than possibly any other project I've monitored in recent time, they have to deal with Exchange APIs from all assorted exchanges with different API platforms and implementations. On top of dealing with setting up a complete KYC process that will be compliant with regulatory agencies from eligible countries, as well as all the various exchanges they will be integrating with. Top that off with a side of well designed mobile application development and you've got yourself a hell of a project workload. But the amazing part is that the team already has internal development alpha's with some big name exchanges already being adapted and integrated into the platform, so they are much closer to bringing their product to market than almost any other project I'm monitoring. They are tieing all this together into a perfect little bow that I imagine a LOT of crypto users are going to jump at the chance to take part in. Having been in this industry for a while it's more than a little plain for me to see how monumental a solution like this could be, hell there are coins I want to buy but I refuse to sign up to another exchange, with something like TAP I would have access to all those exchanges they support and be able to get those obscure coins at the best possible market rate.
Resources:
Website: http://www.tap.global/
WhitePaper: http://www.tap.global/whitepaper.pdf
Telegram: https://t.me/tapngoofficial
Twitter: https://twitter.com/tapofficial1
Reddit: https://www.reddit.com/r/TAP_Official/
Medium: https://medium.com/@tapngo.social