December 27th, 2021 at 9:38 am UTC · 3 min read
TARP, a company focused on abolishing cryptocurrency scams, announced the ground-breaking launch of its new token which saw day 1 gains of over 11,000%! This community-based meme-token establishes the ideal model for how cryptocurrency tokens should be launched and managed while also providing the financial backing to achieve TARP’s end goals.
Similar to traditional financial markets, the world of cryptocurrency has experienced a significant increase in the quantity and sophistication of scams or rug pulls as they are referred to in the crypto community. The recent introduction of smart contracts further exacerbated the problem by making it easier than ever for bad actors to release new tokens. Crypto investors seeking to conduct research to support safe investment decisions face an uphill battle due to technical complexities and inadequate research tools.
In order to address these gaps, TARP was founded by two crypto experts with a combined 20+ years of experience; Chief Operating Officer Matt Mortier and Chief Technology Officer Justin H. “Just Moonshot”. Together they are building a team of industry experts who will initially focus on two major areas; educational content and the launch of an automated contract reader aimed at helping investors identify red flags projects.
The number one way to help investors avoid scams is through education. Even the most complex scams have clear warning signs for those with the knowledge of where to look. TARP’s free educational platform will teach investors of every skill level how to spot red flags in crypto projects so they can make informed decisions on where to invest their hard-earned money.
TARP will also be releasing a free contract reader application for iOS and Android. This revolutionary tool will automatically evaluate the risk of any cryptocurrency token by scanning the token’s contract code and associated wallets searching for red flags. Once the assessment is complete, the app will generate a risk assessment report that will include a “TARP Score” ranging from 0 (Bad) to 100 (Good) along with clear explanations around all identified red flags.
TARP token was fair-launched on 15 December, 2021 as a deflationary currency with a supply of 1 trillion tokens. This BEP-20 token is designed with unique features aimed at creating a stable, high growth currency. TARP’s tokenomics include a 4% tax per transaction which is distributed as follows: 1% is burned thus deflating the overall supply over time, 1% is redistributed as a reward to existing holders, 1% is sent to the Developer wallet to support the ongoing project initiatives and 1% is added back to the liquidity pool to further stabilize the token.
On top of the educational platform and automated contract reader app, TARP has several more initiatives on the roadmap including a Play-To-Earn game based on the token’s mascot, Rug Rug, the opening of their corporate headquarters based in the Netherlands, the launch of a TARP NFT marketplace and much more.
Additional information about TARP including how to purchase the token can be found on the company website.