Tapswap, a widely-used tap-2-earn app powered by the TON Blockchain, has announced another postponement of its token allocation. Originally scheduled for July 1st, the distribution has now been moved to the third quarter of the year.
Surge in Popularity
Since its launch on February 15, 2024, Tapswap has garnered immense popularity, particularly among Nigerians, with over 50 million users eagerly tapping their phone screens to mine coins. This app requires users to continuously tap an icon in the center of the Telegram Tapswap bot screen to earn coins.
Addressing the Postponement
In a recent series of posts on X (formerly Twitter), Tapswap’s management addressed the postponement, describing it as both “bad and good news.” The decision to delay the token allocation aims to protect users and enhance the app’s standing within the cryptocurrency community.
“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. They emphasized that this delay would ultimately benefit users by ensuring a fair and profitable launch.
Combating Challenges and Ensuring Security
The popularity of Tapswap has attracted significant attention, not only from enthusiastic users but also from potential scammers and major players in the web3 industry. To counter these challenges, Tapswap’s team is engaging in discussions with tier-1 exchanges to secure a robust and safe token launch.
The management reassured users that the extra time is necessary for detailed work on tokenomics and to devise 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,” they added.
Looking Forward to Future Announcements
Despite the delay, Tapswap remains optimistic, encouraging its users to look forward to more significant announcements about future partnerships and token drops. They also thanked their community for the continuous support and feedback.
Official Statement on the Postponement
In an official statement on June 20, 2024, John Robbin, Tapswap’s Head of Communications, confirmed the postponement. The delay was initially due to issues separating bot accounts from genuine users, but the exact method of token allocation is still under consideration. Robbin stated, “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.”
Enthusiasm Among Nigerian Users
The enthusiasm for Tapswap in Nigeria is palpable, with users of all ages eagerly tapping their screens. Some have high hopes of purchasing cars and houses with the tokens they’ve accumulated. Viral videos even show a Keke driver and traders in Northern Nigeria tapping away on their phones while going about their daily activities.
As Tapswap prepares for its Q3 launch, users are advised to stay tuned for further updates and remain engaged with the community.
