TagCash TagPHP launches on HaloDAO
HaloDAO proud to announce that we will be partnering with TagCash on a mission to enhance the accessibility of crypto products for the Philippines community through our stablecoin optimised v1 AMM! Our v1 AMM will allow the Filipino community to easily swap TagPHP (Philippine Peso fiat backed stablecoin) to USDC and any other stablecoins, enabling them to seamlessly interact with existing crypto products.
What does TagCash & HaloDAO’s partnership offer?
TagPHP tokens is a Philippine Peso stablecoin that is backed 1-to-1 to the Philippine Peso. TagPHP is issued by TagCash who was offered an EMI license from Bangko Sentral ng Pilipinas (BSP).
The rollout of the TagPHP token will provide a more localised experience for users to access the existing cryptocurrency innovations since transactions can now be denominated in Pesos. Additionally, with the growing usage of cryptocurrency as a form of payment for real estate and daily goods, TagPHP offers a more convenient user experience for Filipino residents. With TagPHP, users can send and trade crypto easily.
As for Filipino gamers, the integration of TagPHP tokens in HaloDAO’s ecosystem will allow for a more convenient avenue for Filipino gamers to redeem their earnings as they will be able to swap their in-game tokens to TagPHP in our current AMM v1. On top of that, blockchain gamers can take an additional step to earn yield and AMM swap fees through our TagPHP-USDC yield farming pool.
Besides that, being one of the top 5 largest recipients of Remittance inflow, the rollout of TagPHP can enable instant cross-border settlements, freeing up significant amounts of locked capital in the forex markets and removing most international transaction fees.
Overall, HaloDAO and TagCash embrace the determination Philippine community possess and thrive to support them by providing opportunities for them to invest, earn and spend their cryptocurrencies.
TagCash has seeded Liquidity to our AMM pool
The TagCash team has seeded liquidity. Halonauts will now be able to swap between TagPHP and other stablecoins including xSGD and USDC.
Polygonscan: https://polygonscan.com/token/0x69a8Aaa4318f4803B3517F78a2ca6c859F5349f3
Stake your HLP (TagPHP-USDC) tokens and start earning xRNBW rewards now! For more information on how to stake visit our gitbook here.
About TagCash
Tagcash a fintech enabled super app, with services offered to individuals, businesses and developers. It is built in Google Flutter — anyone can create mini programs that exist within Tagcash that are dynamically loaded as needed, utilizing the financial technology and other core features of a wallet without the worry of regulations.
Tagcash obtained an Electronic Money Banking License from the central bank (BSP) in October 2019 (https://www.bsp.gov.ph/Lists/Directories/Attachments/7/emi.pdf) and is actively working with other Emoney issuers in other countries.
SOURCE:
Medium
