The well-known tap-2-earn app Tapswap, which is powered by TON Blockchain, has announced that user token distribution has been delayed until the third quarter of the year.
With over 50 million users since its launch on February 15, 2024, the app has gained popularity among Nigerians tapping on their phone screens in search of financial rewards. To mine coins, users had to repeatedly tap the icon in the center of the Telegram Tapswap bot screen.
To better serve its players, management announced that the share-to-token exchange event scheduled for July 1st would be moved to the third quarter.
The management announced in a series of threads on X on Monday that it is in active discussions with tier 1 exchanges worldwide to price the highly ranked game from the prey of scammers and web3 industry leaders who are moved by the game’s success. The management described the news as both “bad” and “good” for its players.
“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:
Tapswap has been the subject of a lot of talk lately, particularly in relation to its listing on tier 1 exchanges, significant drop, and other things. 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.
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. Remember to leave your feedback in the comments section, as we genuinely appreciate hearing from you. Together, we’ll keep reaching higher and higher levels.
It was reported that 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.
Robbin emphasizes that the processes cannot be communicated prior to the allocation, stating that the token allocation method has not yet been determined.
“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.
