The popular tap-to-earn app, Tapswap, which operates on the TON Blockchain, has announced that the token allocation for its users has been postponed to the third quarter of the year.
The app, which requires users to repeatedly tap an icon on the Telegram Tapswap bot screen to mine coins, has gained significant traction, particularly among Nigerians. Since its launch on February 15, 2024, Tapswap has amassed over 50 million users.
The Tapswap management stated that the decision to move the share-to-token exchange event, initially scheduled for July 1st, was made to better serve its users.
In a series of posts on X (formerly Twitter) on Monday, the management shared both ‘bad and good news’ for its players, revealing that they are in active discussions with tier 1 exchanges globally to ensure the game’s value is protected from scammers and supported by 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.”
The management further emphasized the need for detailed work on tokenomics and the right launch strategy, which requires extra time. “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,” they added.
Tapswap encouraged its players to remain optimistic about future developments and expressed 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!”
Previously, Tapswap had indefinitely postponed its token launch, which was scheduled for July 1st. This postponement was disclosed by the Head of Communications, John Robbin, on June 20, 2024. Before this announcement, the coin allocation date was set for July 1st after being delayed from May due to issues with bot accounts.
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 their accumulated tokens to buy cars and houses. In a viral clip, a Keke driver was seen tapping on his phone with one hand while steering his vehicle.
Another viral video showed several traders in Northern Nigeria tapping vigorously on their screens.
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