...Redifining Journalism for Development

Again, Tapswap postpones token distribution


Again, Tapswap postpones token distribution

Tapswap, a popular tap-2-earn application running on the TON Blockchain, has announced a postponement in the allocation of tokens to users until the third quarter of this year.

The app, which involves users tapping the icon at the center of the Telegram Tapswap bot screen to mine coins, has gained significant popularity in Nigeria, with over 50 million users since its launch on February 15, 2024.

The management has made the decision to reschedule the share-to-token exchange event initially set for July 1st to the third quarter to provide an improved experience for its users.

In a series of threads posted on X on Monday, management shared what they called ‘bad and good news’ for players, stating that they are actively engaging with top exchanges worldwide to ensure the game is appropriately valued and safeguarded against scammers and industry leaders in web3 who have taken notice of the app’s 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:

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 further reiterated its effort to devote a high level of attention to the task, which requires much more 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, however, charged its players to be happy about the bigger news in the future while appreciating the support and feedback gotten from them.

READ ALSO: Nigeria’s Airdrop Obsession: How Tap Swap and others are pushing the limits of crypto frenzy, by Sakinat Musa Abubakar

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!

Tapswap postponed its token launch date, which was scheduled for July 1st, indefinitely.

This was disclosed by the Head of Communications of the gaming firm, John Robbin, on June 20, 2024.

Before the aforesaid disclosure, it announced that its coin allocation date would be July 1st after it couldn’t establish a date in May because of too many bot accounts that they are working on separating from the authentic gamers.

According to Robbin, the method of token allocation has not yet been ascertained, stressing that 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, including young and old, have been obsessively tapping on their phones, with some asserting that they are waiting for the tokens to be allocated to buy cars and houses of their choice from the many taps they have accumulated.

Get real time updates directly on you device, subscribe now.

Leave A Reply

Your email address will not be published.