Tapswap, a popular tap-to-earn app powered by TON Blockchain, has announced a postponement of its token allocation to users. Originally scheduled for July 1st, the allocation will now take place in the third quarter of the year.
Since its launch on February 15, 2024, Tapswap has garnered over 50 million users.
The app, which allows users to mine coins by repeatedly tapping an icon on the Telegram Tapswap bot screen, has become particularly popular among Nigerians looking to earn financial rewards through their mobile devices.
In a series of threads on X (formerly Twitter) on Monday, Tapswap’s management shared what it described as “bad and good news” for its players. They explained that the postponement is intended to better serve its user base and ensure a more strategic and beneficial token launch.
“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?” the company posted.
“Not exactly. The whole point is that you’ll benefit from this. Let us explain how.”
The management highlighted that the postponement is partly due to active negotiations with tier 1 exchanges globally, aimed at protecting the game from scammers and aligning with leading figures in the web3 industry. They noted that this level of attention requires meticulous work on tokenomics and a well-thought-out launch strategy.
“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,” they continued.
The management reiterated their commitment to a successful and profitable launch for their community: “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.”
Tapswap encouraged its players to stay positive and look forward to even bigger news in the near future. They expressed gratitude for the support and feedback from their user base: “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 decision to postpone follows a previous announcement by Tapswap’s Head of Communications, John Robbin, on June 20, 2024, that the token launch date would be delayed. Initially planned for July 1st, the launch was postponed due to issues with bot accounts that needed to be separated from genuine users.
“The token launch was postponed from July 1. The new date will be communicated,” Robbin said.
“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.”
Robbin emphasized that the method of token allocation has yet to be determined and that the process details cannot be shared before the allocation.
In the meantime, Nigerians, young and old, continue to tap on their phones, eagerly anticipating the token allocation which they hope will bring them financial rewards, including the potential to buy cars and houses.