👨‍🍳Chef Rush

Chef Rush spearheaded the launch of Tapas, along with its inaugural liquidity pair TAPA/TLOS. The initial phase has ended; Tapas can now only be acquired through the open market.

A new initiative to raise liquidity in a fun way. Bear in mind all this will run by a smart-contract. Therefore, the team will have no control over the outcome. This is how the price of TAPA will be determined: the full amount raised, 80% of it will go towards the TAPA/TLOS Liquidity Pool.

We consider this mechanism a way to publicly launch $TAPA and kickstart the adventure. 60 Million tokens will be distributed to anyone who contributes their TLOS during the 20 day period of the Chef Rush. Bear in mind, the idea is to start with 60 Million $TAPA, although depending on the strategy the users use to join the Chef Rush, this supply might be less at the end of the 20 days. More info below.

The Logic

Contributors will choose the amount of TLOS they want to contribute, each day there will be a pool of 3 Million $TAPA to be shared to the members that join. On Day 1, the full allocation of that day will be distributed creating a TAPA/TLOS ratio, this ratio will be the initial price point of TAPA, if throughout the 20 days period a pool perform better than other days e.g lower ratio than Day 1, that will become the new established ratio with its respective price increase.

Days	Tapa Distribution	Days	Total Distribution
Day 1	3,000,000	Day 11	3,000,000
Day 2	3,000,000	Day 12	3,000,000
Day 3	3,000,000	Day 13	3,000,000
Day 4	3,000,000	Day 14	3,000,000
Day 5	3,000,000	Day 15	3,000,000
Day 6	3,000,000	Day 16	3,000,000
Day 7	3,000,000	Day 17	3,000,000
Day 8	3,000,000	Day 18	3,000,000
Day 9	3,000,000	Day 19	3,000,000
Day 10	3,000,000	Day 20	3,000,000

On the 21st Day, 80% of the raised amount will be added together with TAPA to kickstart trading on tapas.exchange. 20% of the allocation will be used for the payment of infrastructure.