TaiChi on BNB Chain

Introducing TaiChi (TAC): A New Arrival on the BNB Chain

Welcome to the detailed profile of TaiChi (TAC), the latest addition to the BNB Chain. As an exciting new cryptocurrency token, TaiChi (TAC) was launched with the intent to join the thriving BNB Chain ecosystem.

This token operates on the BNB Chain, an infrastructure that supports the creation and execution of decentralized applications (dApps) and allows users to transact in digital currencies seamlessly and securely.

At NewCoinHub, we provide up-to-date and comprehensive data about TaiChi (TAC) including its current price, trading volume, liquidity status, and the number of holders. We also supply the official smart contract address, crucial for those interested in further exploration or investment.

Please note that the world of cryptocurrency can be volatile and unpredictable. We encourage all visitors to perform their own due diligence and research when considering investments. For the most accurate and recent data, continue to refer to this page, as we strive to update our information in real-time.

Read on to learn more about TaiChi (TAC) and find answers to some frequently asked questions.

Token description

# What Is TaiChi (TAC)? [TaiChi](https://coinmarketcap.com/currencies/taichi/) is a decentralized reserve currency protocol on the Binance Smart Chain ([BSC](https://coinmarketcap.com/currencies/binance-coin/)). It is based on the mechanism pioneered by Olympus ([OHM](https://coinmarketcap.com/currencies/olympus/)) to bootstrap protocol liquidity and [forks](https://coinmarketcap.com/alexandria/glossary/fork-blockchain) the protocol code to create a BSC-native version. TAC is backed by a basket of assets like [BUSD](https://coinmarketcap.com/currencies/binance-usd/), [wBNB](https://coinmarketcap.com/currencies/wbnb/), and BUSD-TAC liquidity tokens. This gives TAC a price floor it theoretically cannot fall below. TaiChi does not pretend to reinvent the auto-compounding mechanism of Olympus, but rather suggests that deploying it on Binance Smart Chain provides users with a more affordable option to participate in yield maximization. That is why the protocol aspires to be the “zen approach to wealth creation.” TaiChi claims to put the community first by being “a comfortable place to invest your money whether you’re putting in one hundred dollars or one million.” ## Who Are the Founders of TaiChi? Olympus, and almost all of its forks like [Klima DAO](https://coinmarketcap.com/currencies/klima-dao/), were launched by anonymous or pseudonymous founders. In a similar vein, TaiChi provides no information whatsoever on who is behind the protocol. According to their documents, “the TaiChi team is an anonymous collection of talented people spread across the globe.” While most of the Olympus forks, despite their anonymous nature, have not been [rug pulls](https://coinmarketcap.com/alexandria/glossary/rug-pull), some like Anubis DAO were, so users should be extra cautious when interacting with these new protocols. ## What Makes TaiChi Unique? Olympus turned [DeFi](https://coinmarketcap.com/alexandria/glossary/defi) on its head with its protocol-controlled value mechanism, sparking a whole heap of forks like TaiChi. In that sense, TaiChi is neither unique nor special and does not pretend to be otherwise, following the same staking and minting mechanism. Users can acquire discounted TAC from the protocol with BUSD or wBNB (minting) and sell their TAC after the 5-day vesting period or stake it to earn current astronomic yields of 4,500,000%. Utilizing the same auto-compounding mechanism Olympus pioneered, users’ staked balances rebase every eight hours, which translates into a falling cost basis and a constant share of the expanding supply of TAC. By acquiring valuable assets like BUSD, a [stablecoin](https://coinmarketcap.com/alexandria/glossary/stablecoin), and wrapped BNB, a [wrapped version of BNB](https://coinmarketcap.com/alexandria/article/what-is-wrapped-ethereum-weth), the protocol theoretically provides a price backing for the inflationary supply of TAC. Were the price of TAC to fall below its backing, the protocol would start paying staking rewards from its treasury, while simultaneously raising the discount for minting new TAC to incentivize new liquidity coming in. This is the foundation of the (3,3) game theory, explaining that it’s beneficial for all participants to stay staked and not remove their liquidity from the protocol. Being on BSC, TaiChi benefits from a potentially large pool of users, which could advance community growth. The protocol also envisions other potential future use cases like creating a wrapped currency that can be used as loan collateral and deploying the treasury to earn LP fees. It states that TaiChi should continuously evolve according to innovative ideas purported and governed by the community, thus moving away from imitation and towards innovation. ## Related Pages: Check out [Olympus (OHM)](https://coinmarketcap.com/currencies/olympus/) — the OG rebase token. Check out [Wonderland (TIME)](https://coinmarketcap.com/currencies/wonderland/) — an Avalanche-based fork of Olympus DAO. Read our [deep dive into pooled liquidity](https://coinmarketcap.com/alexandria/article/a-deep-dive-into-pooled-liquidity-in-defi-options-finnexus). Get the latest crypto news and latest trading insights with the [CoinMarketCap blog](https://coinmarketcap.com/alexandria/categories/blog). ## How Many TaiChi (TAC) Coins Are There in Circulation? Since TAC is inflationary, it does not have a maximum supply. Instead, it aims to become the non-pegged stablecoin of the Binance ecosystem that retains purchasing power through continuously expanding its protocol-controlled liquidity. Unlike Olympus and Klima DAO, the founders of TaiChi do not have a share of pre-mined TAC tokens that are vested according to the protocol’s supply growth. Instead, the team will be paid a static, community-approved salary from protocol profits. TaiChi plans to create a long-bonded governance token similar to that of other protocols, although that will be subject to a community vote. ## How Is the TaiChi Network Secured? TaiChi lives on the Binance Smart Chain, which is secured through the [proof-of-stake](https://coinmarketcap.com/alexandria/glossary/proof-of-stake-pos) [consensus mechanism](https://coinmarketcap.com/alexandria/glossary/consensus-mechanism). 21 validators are elected every 24 hours to validate transactions and maintain blockchain security. These validators have to stake a certain amount of BNB coins with Binance to be eligible. The smart contracts of TaiChi are currently unaudited. However, as a fork of Olympus, TaiChi benefits from the Olympus code, which has been audited twice. Still, TaiChi is seeking a dual audit of its own through Certik and Slowmist. ## Where Can You Buy TaiChi (TAC)? TAC is available on [PancakeSwap (V2](https://coinmarketcap.com/exchanges/pancakeswap-v2/)).