Tap Fantasy (TAP) is the 10th blockchain project on Bybit’s Launchpad, a platform that gives Bybit users an opportunity to gain early access to tokens from promising crypto projects. A total of 7.5 million TAP tokens at an initial sale price of 0.04 USD will be distributed to Bybit users in the upcoming public sale.
Tap Fantasy is a free-to-play MMORPG video game initially launched under the name of TapTap Fantasy on Facebook. It quickly amassed a large following of players and by the end of September 2021, the fantasy game had over 20 million registered users. The pivot to blockchain allowed developers to add exclusive content, including non-fungible token (NFT) collectibles, which unlock access to VIP in-game areas that provide Play-to-Earn (P2E) opportunities and NFT trading options.
Here’s a timetable of important dates for the Tap Fantasy IEO:
| Start | End | |
| Snapshot Period | February 17 (00:00 AM UTC) | February 22 (11:59 PM UTC) |
| Subscription Period | February 22 (03:30 AM UTC) | February 22 (10:59 AM UTC) |
| Distribution Period | February 22 (11:00 AM UTC) | February 22 (11:59 AM UTC) |
| Launch Period | February 22 (12:00 PM UTC) | / |
How to invest in the Tap Fantasy (TAP) IEO on Bybit Launchpad?
Read along to learn how to participate in the Tap Fantasy sale on Bybit Launchpad. Keep in mind that participation in the IEO is limited to verified Bybit users who hold BitDAO (BIT) in their accounts.
1. Create an account on Bybit and complete KYC
In order to participate in the TAP IEO, you will first need to create an account on Bybit. You can skip this step if you are already a registered Bybit user.
Once you’ve completed the account registration process, you can proceed to the account verification procedure. Bybit offers two verification tiers, which primarily differ in the amount of Bitcoin you can withdraw. Do note that both KYC levels unlock access to Launchpad functionality.
Once you’ve supplied the required personal information and completed the KYC process, you can proceed to the Launchpad section, which can be found by navigating to the bottom of the “More” drop-down menu.
2. Select Tap Fantasy IEO
Locate Tap Fantasy from the list of Bybit’s Launchpad projects. The most recent project is typically listed at the top of the site.
3. Tap Fantasy IEO requirements and token distribution
Bybit users get a chance to take part in public sales by committing an amount of BIT that will be used to buy new tokens as soon as they are first available on the exchange. The amount of new tokens a user receives in the sale is directly proportional to the amount of BIT committed. You will need at least an average of 50 BIT in your Spot, ByFi, or Derivatives account during the 5-day snapshot period, to be eligible for the public sale.
Bybit has set a hard cap per user at 8,750 TAP (350 USD) in order to ensure an equitable distribution of new tokens among interested users.
Disclaimer: Participation in the Tap Fantasy public sale is restricted to residents of the following jurisdictions: the United States, mainland China, Singapore, Quebec (Canada), North Korea, Cuba, Iran, Crimea, Sevastopol, Sudan, and Syria.
4. Tap Fantasy IEO timeline
The Tap Fantasy IEO will follow a strict Launchpad schedule we’ve grown accustomed to over the previous nine IEOs. Below you will find a complete overview and explanation of the important dates and sale phases to keep in mind.
Disclaimer: Committed BIT will be locked for the duration of the sale, meaning transfers, withdrawals or other trading functions will be unavailable until after the final token distribution.
Here’s the full breakdown of the TAP public sale on Bybit Launchpad, as explained by Bybit:
- February 17 (00:00 UTC) to February 21 (23:59 UTC) – Snapshot Period: The daily average amount of BIT in your Spot Account, ByFi Account, and Derivatives Account during the snapshot period must be equal to or greater than 50 in order to participate in the token sale.
- February 22 (03:30 UTC) to February 22 (10:59 UTC) – Subscription Period: You can commit a certain number of BIT in your Spot Account towards the new project. The number of BIT you’ve committed will be locked until the public sale ends.
- February 22 (11:00 UTC) to February 22 (11:59 UTC) – Distribution Period: Based on your final TAP allocation result, the corresponding BIT equivalent will be deducted from your committed amount, while your TAP allocation and the remaining BIT will be credited back to your Spot Account.
- February 22 (12:00 UTC) – Launch Period: The new Spot pair, TAP/USDT, will be live for trades as long as liquidity conditions are met.
5. Tap Fantasy step-by-step Launchpad guide
Now that you are familiar with the project and the intricacies of Bybit’s Launchpad program, follow our step-by-step instructions to learn how to commit your BIT holdings.
Step 1 – After selecting the active IEO during the Subscription Period, you will be able to see if you are eligible to participate or not. Click “Commit Now” to invest your BIT.
Step 2 – Enter the amount of BIT you wish to commit to the sale and click on the “Confirm” button to proceed.
Step 3 – Congratulations, you have successfully committed your BIT. You can choose to commit additional funds, up to your daily average BIT balance, which was calculated during the Snapshot Period.
6. Performance of previous Bybit Launchpad projects and closing thoughts
Purchasing tokens as soon as they are available carries a substantial amount of risk, so make sure to do your own research before committing any money. However, Bybit’s Launchpad program has historically been one of the more lucrative investment opportunities for cryptocurrency users, with most tokens experiencing a distinctly positive market reception after debuting on the Launchpad.
Here’s an overview of some of the past Bybit Launchpad projects and their USD adjusted returns:
| Launchpad Project | ROI (expressed in USD) |
| Monster Galaxy | 8.4x |
| Kasta | 9.7x |
| Dtravel | 1.8x |
| Realy | 5.8x |
| Symbiosis Finance | 2.6x |
| Genopets | 10.4x |
