TAU Exchange (TAU-X) built for the community
TAU-X is a swapping program between BTC pool and TAU pool every 360 blocks. Any user can freely invest BTC or TAU into relative pool to receive opposite coins on each swap.
It was a hard choice for the foundation to decide ICO or TAU-X. ICO is an established funds raising method to obtain resources. However, it does not do too much for the community. In most ICOs, none of the proceedings go to community.
I believe the most important fact for a coin to be successful is the community satisfaction. Especially many community members collect coins through bounty working program like helping translating, you-tubing and promotion. Rather than ICO, Tau foundation chose to operate TAU-X and invite all members to participate from day one. In each swap, the foundation only puts 60,000 TAUs into the pool and looks forward to seeing community to put much more to exchange available BTCs.
TAU-X starts supporting BTC/TAU exchange with potential to add more exchange pairs. In total TAU coins, 82% is allocated to bounty programs and exchange sale. While bounty programs reduces entry barrier for common people obtain TAUs, TAU-X program increases liquidity for existing TAU currency holders and provides a fair investment option for BTC holders. Everyone can access TAU-X from their web wallet.