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View ChartThis article covers the TAPROOT token issued by Taproot Exchange; it is not the Bitcoin Taproot upgrade (BIP341) nor the Taproot Assets protocol itself, which are separate Bitcoin-related developments.
Taproot Exchange (TAPROOT) is a cryptocurrency launched in 2023 that operates on the Ethereum platform. It positions itself as a pioneering platform in the realm of Taproot Assets derivatives trading. The project leverages multi-chain technology to support a diverse array of blockchains, including EVM-compatible chains, Lightning, Bitcoin, Solana, and Cosmos, ensuring a seamless trading experience across various blockchain ecosystems.
At its core, Taproot Exchange operates on the Taproot Assets Protocol, which is built on the Bitcoin blockchain. This protocol allows for the creation and management of digital assets, leveraging the robustness and security of Bitcoin's infrastructure. The Taproot upgrade to the Bitcoin blockchain in 2021 marked a significant milestone, enhancing privacy, efficiency, and smart contract capabilities, and Taproot Exchange capitalises on these advancements to offer a robust trading environment for Taproot Assets derivatives.
The total supply and max supply of TAPROOT are both capped at 100,000,000 tokens. The project's self-reported circulating supply is 10,000,000 TAPROOT, representing 10% of the total supply. CoinMarketCap's registry lists circulating supply as 0, while the project self-reports 10,000,000 TAPROOT (10% of total supply). Fully diluted valuation is shown live on the token's market data page and fluctuates with price. The slogan of the project is "Taproot Exchange, connecting the future of multi-chain Taproot Assets derivatives trading."
According to the CoinMarketCap page, Taproot Exchange was founded by Eric Wall, Udi Wertheimer, and Francisco Alarcon Ph.D. These individuals are listed as the founders of the project known for its multi-chain Taproot Assets derivatives trading. The CoinMarketCap listing names Eric Wall, Udi Wertheimer and Francisco Alarcon Ph.D. as founders; no further team roles are published on the project's official site (taproot.exchange).
Taproot Exchange operates on the Taproot Assets Protocol, which is built on the Bitcoin blockchain. This protocol allows for the creation and management of digital assets, leveraging the robustness and security of Bitcoin's infrastructure. The technology behind Taproot Exchange is described as a sophisticated blend of multi-chain support, coordinated liquidity, and an intuitive user interface.
The platform supports a diverse array of blockchains including EVM-compatible chains, Lightning, Bitcoin, Solana, and Cosmos. It states it will support all EVM blockchains, Lightning, Bitcoin, Solana, Cosmos and other chains, creating a wide range of possibilities and convenience for users. The Taproot Exchange platform is described as a TAP20 token asset issuance platform built on the Taproot Assets protocol, while TAPROOT itself is an ERC-20 token on Ethereum. The Taproot upgrade to the Bitcoin blockchain in 2021 enhanced privacy, efficiency, and smart contract capabilities, and Taproot Exchange capitalises on these advancements. The token contract on Etherscan references a UI Multiplier mechanism that updates via the UIMultiplierUpdated event, scaling displayed token amounts by the active multiplier.
Users can access Taproot Assets derivatives trading in one easy step. The platform provides users with outstanding trading services through comprehensive multi-chain support, coordinated liquidity support and an easy-to-use user interface. The stated goal is to remove barriers to trading in Taproot Assets and make it easier for users to participate in the Taproot Assets derivatives market.
The project's stated differentiators are multi-chain support (EVM chains, Lightning, Bitcoin, Solana, Cosmos), coordinated liquidity, and a TAP20 asset issuance platform on the Taproot Assets protocol.
The platform's commitment to removing trading barriers is evident in its comprehensive multi-chain support and coordinated liquidity support. TAPROOT is listed on CoinMarketCap and can be swapped via cross-chain swap services such as SimpleSwap, and converted on Coinbase and Crypto.com converter pages; no centralised exchange order book is listed. With Taproot Exchange, users can access Taproot Assets derivatives trading in one easy step, making it easier for users to participate in the Taproot Assets derivatives market. The slogan "connecting the future of multi-chain Taproot Assets derivatives trading" encapsulates its mission to innovate and streamline the trading process.
TAPROOT is the native token of the Taproot Exchange platform. It is used within the ecosystem to facilitate trading and access to Taproot Assets derivatives trading services. The platform provides users with outstanding trading services through comprehensive multi-chain support, coordinated liquidity support and an easy-to-use user interface.
The token is available for trading and conversion across multiple platforms. It supports conversion to and from BTC, and cross-chain swap options are available for Bitcoin to Taproot Exchange. Additional swap options include XRP to TAPROOT, LTC to TAPROOT, SOL to TAPROOT, XLM to TAPROOT, and USDC (Matic) to TAPROOT.
The Taproot Exchange ecosystem is developing around its core mission of providing multi-chain Taproot Assets derivatives trading. The project launched in 2023 and operates on the Ethereum platform. It is listed with a DEX Mode designation on CoinMarketCap.
The ecosystem includes a TAP20 token asset issuance platform based on the Taproot assets protocol. The platform is committed to removing barriers to trading in Taproot Assets and making it easier for users to participate in the Taproot Assets derivatives market. The broader Taproot Assets protocol taps into the security and stability of the bitcoin network and the speed, scalability, and low fees of Lightning.
TAPROOT is an ERC-20 token on Ethereum, so it is not mined. New tokens are not produced by proof-of-work; the token exists as a fixed-supply ERC-20 contract (total and max supply 100,000,000 TAPROOT). Ethereum itself secures the token through proof-of-stake, and holders acquire TAPROOT by swapping on listed platforms rather than by mining.
Keeping your Taproot Exchange Coin safe requires following standard cryptocurrency security practices. Since TAPROOT operates on the Ethereum platform, it can be stored in Ethereum-compatible wallets. Always use reputable wallets and ensure your private keys are stored securely and never shared with anyone.
When trading or swapping TAPROOT, use trusted platforms and verify contract addresses before conducting any transactions. The contract address for TAPROOT is 0x07B701aC44Aacb03d8Bed42eb85Ec38210bDf513 on the Ethereum platform, and it can be verified on etherscan.io. Enable two-factor authentication where available, and be cautious of phishing attempts and unsolicited offers. For long-term storage, consider using hardware wallets that support Ethereum-based tokens. Always double-check recipient addresses before sending any cryptocurrency, as blockchain transactions are irreversible. Staying informed about the latest security best practices in the cryptocurrency space is essential for protecting your digital assets.
As with any cryptocurrency, the value of TAPROOT can fluctuate significantly, and regulatory requirements may change over time. Smart contract and platform risks also apply. These factors should be considered before participating.
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Thank you for your interest in BTCC. Currently, spot and futures trading services for TAPROOT are not supported. As a leading digital asset platform, BTCC is committed to providing a secure and stable trading environment. We recommend completing your account registration and identity verification (KYC) to explore other premium assets and exclusive benefits available on BTCC.
As of right now, the live price of Taproot Exchange (TAPROOT) is A$0.000073. Its market price fluctuates in real time based on overall supply and demand, and you can check the updated TAPROOT to USD rate at the top of BTCC’s price page. In terms of market scope, Taproot Exchange records a 24h trading volume of A$0 (reflecting total buying and selling activity over the last 24 hours), with a total market cap of A$732.245003. Its current circulating supply stands at -- out of a maximum supply cap of 100M.
The price volatility of Taproot Exchange (TAPROOT) is essentially driven by market supply and demand dynamics. Key factors behind its price movements include: 1) Global macroeconomic conditions and sentiment, such as Reserve Bank of Australia (RBA) or US Fed interest rate decisions; 2) Tokenomics, including the ratio of circulating supply (--) to max supply (100M), as well as token unlocks and burn mechanisms; 3) Fundamental developments, such as ecosystem expansion, on-chain activity, and core protocol upgrades; and 4) Derivatives market dynamics, including leverage battles and liquidation cascades in perpetual contracts.
Looking at its historical price performance, Taproot Exchange (TAPROOT) hit an all-time high (ATH) of A$0.103051 on 2024-03-28 06:20, representing the peak of market sentiment. Conversely, its all-time low (ATL) was recorded at A$0.00006 on 2026-03-23 23:15. Note that historical highs and lows reflect past performance only and do not guarantee future price trends; investment decisions should always align with live market conditions and your personal risk tolerance.
When trading TAPROOT futures on BTCC, technical chart analysis begins with identifying key support and resistance levels on 1D and 4H charts using historical price pivots. Next, apply MA/EMA indicators to gauge trend directions, alongside RSI (values above 70 indicate overbought conditions, while below 30 suggest oversold levels). Always validate breakout signals with the 24h trading volume (A$0), as price breakouts accompanied by strong volume offer higher reliability.
Unlike spot trading where you can only profit from rising prices, BTCC’s TAPROOTUSDT perpetual contracts support two-way trading. If you anticipate a price decline for Taproot Exchange, simply log into your BTCC account with USDT margin available, navigate to the TAPROOTUSDT pair, set your desired leverage and Take-Profit/Stop-Loss levels, and click "Sell/Short". Once the price drops to your target, close your position to lock in profit from the price difference.
Yes. BTCC offers flexible, high-tier leverage options for TAPROOTUSDT perpetual futures, providing up to 500x leverage (maximum leverage limits may vary depending on liquidity). While leverage boosts capital efficiency by allowing you to control larger position sizes with less margin, it also amplifies liquidation risks proportionately. BTCC strongly advises using Stop-Loss orders to strictly manage risk when trading with high leverage.
Beginners and traders testing new strategies can switch to BTCC's "Demo Trading" mode with a single click on the App or Web interface. The demo account comes pre-loaded with risk-free virtual funds (such as 100,000 USDT). Powered by live market prices (current price: A$0.000073), you can practise opening/closing positions, adjusting leverage, and setting TP/SL for TAPROOTUSDT with zero financial risk.
Trading Taproot Exchange (TAPROOT) on BTCC requires just 4 simple steps: 1) Register a BTCC account and complete basic Identity Verification (KYC); 2) Buy USDT using fiat via credit card/express payment, or deposit USDT/BTC directly from an external wallet; 3) Navigate to the Futures section, search for TAPROOTUSDT, and review its live price (A$0.000073) and chart; 4) Select your margin mode and leverage, choose "Buy/Long" or "Sell/Short" based on your market outlook, set TP/SL orders, and confirm your trade.
Cryptocurrency prices are subject to high market risk and price volatility. You should only invest in products that you are familiar with and where you understand the associated risks. The content expressed on this page is not intended to be and shall not be construed as an endorsement by BTCC regarding the reliability or accuracy of such content. You should carefully consider your investment experience, financial situation, investment objectives, and risk tolerance, and consult an independent financial adviser before making any investment. This material should not be construed as financial advice. Past performance is not a reliable indicator of future performance. The value of your investment can go down as well as up, and you may not get back the amount you invested. You are solely responsible for your investment decisions. BTCC is not responsible for any losses you may incur. For more information, please refer to our Terms of Use and Risk Warning. Please also note that data relating to the above-mentioned cryptocurrency presented here (such as its current live price) are based on third-party sources. They are presented to you on an “as is” basis and for informational purposes only, without representation or warranty of any kind. Links provided to third-party sites are also not under BTCC’s control. BTCC is not responsible for the reliability or accuracy of such third-party sites or their contents.
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