TAG

Tag Protocol (TAG) is a cryptocurrency that operates on the Binance Smart Chain, serving as a decentralized autonomous organization (DAO) focused on hashtag registry, staking, and trading services . Users can register unique social media hashtags, which are then treated akin to domain names, and these hashtags can be perpetually owned . The platform allows users to stake their hashtag non-fungible tokens (NFTs) to mine Tagcoin, the native protocol coin, based on the hashtags' performance on social media platforms like Twitter .

The utility of Tag Protocol extends to trading hashtags in a marketplace and exchanging Tagcoin for other cryptocurrencies at market rates on Tag Exchange . The project also encourages community participation by allowing users to become oracles, collecting data on hashtag performance and contributing to the distribution of Tagcoin .

As of the latest data, Tag Protocol's price is $0.001064, with a 24-hour trading volume of $246 and a market cap of approximately $83,815 . The circulating supply of TAG is around 79.59 million tokens, which is also its total supply . The project has an all-time high of $0.318, recorded on January 19, 2022, and is currently trading at a significant discount from that peak .