In Phase 1, Tapioca DAO's TAP token will come to exist via an LBP (Liquidity Bootstrapping Pool). Once the TAP LBP Auction is complete, Phase 2 will start and you can claim & exercise any Option Airdrop that you qualify for.
This Option Airdrop is denominated in aoTAP, which will give you the option to purchase TAP at a significant discount to market price.
These airdrops will give you the option to buy more TAP at significant discount.
6 May 2024
Participating in the LBP Launch Auction will make you eligible for the Option Airdrop!
The launch auction will last for 5 days.
11 May 2024
There will be four phases of the Tapioca Option Airdrop, enabling you to purchase TAP well below it's prevailing market value, otherwise known as an ITM call option.
The airdrop phases begin upon the completion of the LBP.