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BREAKING NEWS: Tapswap Delays Token Allocation Again |
Tapswap, a popular tap-2-earn app powered by the TON Blockchain, has announced that the token allocation to users has been postponed to the third quarter of the year.
The app, which requires users to repeatedly tap an icon in the center of the Telegram Tapswap bot screen to mine coins, has recently gained significant traction among Nigerians. Since its launch on February 15, 2024, it has amassed over 50 million users.
The management decided to reschedule the share-to-token exchange event, initially set for July 1st, to the third quarter to better serve its players.
In a series of posts on X (formerly Twitter) on Monday, the management shared both 'bad and good news' for its players. They revealed that they are in active discussions with tier 1 exchanges worldwide to protect the highly ranked game from scammers and capitalize on the interest from leaders in the web3 industry.
“We’ve got some bad and really good news for you at the same time: our team has decided to move the date for the Shares-to-Token exchange event. You might wonder, what’s good about that? Just FUD?
“Not exactly. The whole point is that you’ll benefit from this. Let us explain how:
Recently, there’s been a lot of buzz around Tapswap, especially about listing on tier 1 exchanges, a massive drop, and more. And it’s no surprise: the project has become one of the major players globally, ranking at the top. This kind of attention attracts not just scammers but also leaders in the web3 industry.
“So, not all rumours are just rumours. The Tapswap team is actually in active talks with tier-1 exchanges!
And they are thrilled with you – our community! Isn’t this what we’ve been tirelessly working towards together?”
The management emphasized their commitment to ensuring a high level of attention to the task, which requires detailed work on tokenomics and the right launch strategy.
“However, this success comes with some ‘inconveniences’. This level of attention requires much more detailed work on tokenomics and the right launch strategy. And that means extra time.
“But know that this is all to ensure that our launch in Q3 is fair and, more importantly, profitable for all of you who stand by us no matter what,” it added.
Tapswap encouraged its players to remain optimistic about future developments while expressing gratitude for their support and feedback.
“So, as you can see, there are plenty of reasons to be happy about this change. And very soon, we’ll give you some even bigger news about our future, tier 1 partnerships, and the drop itself!
We really value your support. And we truly listen to your feedback, so don’t forget to share it in the comments. Together, we’ll keep reaching higher and higher levels!”
The PUNCH reports that Tapswap indefinitely postponed its token launch date, which was initially scheduled for July 1st.
This announcement was made by the Head of Communications, John Robbin, on June 20, 2024.
Prior to this, the company had set the coin allocation date for July 1st after failing to establish a date in May due to the presence of numerous bot accounts, which they are working to separate from genuine gamers.
According to Robbin, the method of token allocation has not yet been determined, and the processes cannot be communicated before the allocation.
“The token launch was postponed from July 1. The new date will be communicated.
“We will allocate a significant part of the tokens to the community to retain the tappers. We want you all to be part of the Tapswap community.
“We need a token airdrop to be a win-win for all of us. We have started communicating with many exchanges and platforms,” he said.
Nigerians, both young and old, have been eagerly tapping on their phones, with some hoping to use the tokens to purchase cars and houses from their accumulated taps.
In a viral clip, a Keke driver was seen tapping on his phone with one hand while steering his vehicle and transporting passengers with the other.
Another viral video showed several traders in Northern Nigeria tapping vigorously on their screens.
