The popular tap-2-earn app, Tapswap, powered by TON Blockchain, has announced the postponement of its token allocation to users, moving the event to the third quarter of the year.
This decision comes after the app, which allows users to mine coins by repeatedly tapping an icon on the Telegram Tapswap bot screen, gained significant traction among Nigerians, amassing over 50 million users since its launch on February 15, 2024.
The management explained that the delay, originally scheduled for July 1st, aims to better serve its players and ensure a more robust launch. In a series of threads on X, Tapswap’s management shared both ‘bad and good news’ for its players, highlighting ongoing discussions with tier-1 exchanges to protect the game’s value from scammers and capitalize on its global success.
“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,” the management stated.
The statement emphasized the strategic importance of the delay, noting the increased attention from the web3 industry and the need for meticulous work on tokenomics and a suitable launch strategy.
This extra time, they assured, is to ensure a fair and profitable launch in Q3 for all participants.
“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 continued.
Tapswap urged its players to stay optimistic about future developments and expressed gratitude for their ongoing support and feedback.
“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 statement added.
The PUNCH reports that Tapswap initially postponed its token launch date, scheduled for July 1st, indefinitely. This was disclosed by the Head of Communications of the gaming firm, John Robbin, on June 20, 2024.
Robbin explained that the delay was partly due to efforts to separate authentic gamers from numerous bot accounts.
“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 of all ages have been eagerly participating in the app, with many hoping to use their accumulated tokens for significant purchases like cars and houses.
Viral clips have shown individuals, including a Keke driver and several traders in Northern Nigeria, tapping away on their phones while going about their daily routines.
