I haven't used bitcointalk for a long time, but I feel i should post what Tagcash has been working on in regards to Tagcoin
Some history first
Way back in 2013 i created Tagcoin for use as a rewards cryptocurrency, but quickly came to find that most companies want their own brand of currency, so that concept didn't hold. As we built and learned within Tagcash, we found technical limitations of Tagcoin didn't allow us to do what we wanted, so we left it alone.
In China in 2017, the crypto gambling craze took hold of Tagcoin and they pumped the price up to about US$1, and i was approached by a group of Chinese to relaunch it and do an ICO... users agreed to burn it 3 to 1 in advance of doing the ICO. Then the Chinese govt banned exchanges and ICOs and the whole project fizzled. I had created TAGX inside Tagcash as our own rewards, so I converted Chinese balances to TAGX with a view to doing more with it and thats where it has stood till recently. TAGX is only used inside Tagcash, so it is limited for anyone who holds it...unless they do something within the ecosystem, it's no good for them or anyone else.
I have been working on new product called Tagbond.com for the last couple of months (similar to Enjin and Enjin coin) - it is an ERC1155 contract and site, to create non fungible tokens for geoTAGs, game tokens and tokens for other business use cases. TAG is bonded to NFTs as they are created (and given back when tokens are burned). NFTs can be bought and sold for TAG, or you can see immediately the items you have created on opensea.io and trade them there. You can play with the site right now as we develop, using Rinkeby network, faucets to get ETH and TAG on Rinkeby network. When the site goes live, we will be offering TAG priced at 1 cent, rising 1 cent per week to 10 cents and then let exchanges set pricing.
We created a new ERC20 token (TAG) (
https://etherscan.io/token/0xcc4ae94372da236e9b113132e0c46c68704246b9) as the main cryptocurrency used on Tagbond.com, and there will be a permanent offer to exchange 1 Tagcoin to 1 TAG, by sending the burn address to me and either a stellar or ethereum address to send TAG. We use Stellar to be able to trade it on the DEX - it is a token representation of the ERC20 Token. If you already trade on Stellar DEX, details are here
https://stellar.expert/explorer/public/asset/TAG-GCISLTVXDF5W5HB53VOKQFEJOG367GKCLQNFF7YZSPFPVGFMREADOTAG-1 (the issuer address is GCISLTVXDF5W5HB53VOKQFEJOG367GKCLQNFF7YZSPFPVGFMREADOTAG)
On Tagcash, we are developing a non custodial wallet as part of the Tagcash app (seed phrases, private key on device etc), for BTC, ETH and ERC20 Tokens, and XLM and Stellar tokens. After we have done that we will set up the ERC1155 collectibles section as well. This will work well with Tagbond, or any other ERC721 or ERC1155 tokens.
We are in the process of sending TAG to our Chinese holders, and updating information on the AEX exchange for Tagcoin.
The end result of this is that this breathes new life into Tagcoin. Mining it will still be useful, and it has a better use case now, which should help the price rise. It is anticipated that the price should be similar to EnjinCoin, currently about 10 cents.
