BUSINESS
Uncertainty As Tapswap Suspends Token Allocation Indefinitely
Tapswap, a popular tap-2-earn app powered by TON Blockchain, has announced that the token allocation to its users would be postponed indefinitely.
On Wednesday, Tapswap’s head of communications, John Robbin, said this in an X space.
Since its inception on February 15, 2024, the app, which required users to repeatedly tap the button in the center of the Telegram Tapswap bot screen to mine money, has gained over 50 million users. Nigerians have used the software to tap their phone screens in an attempt to earn money.
Robbin stated its staff are looking for the best ways to reward tap-to-earn users.
Robbin said: “The token launch was postponed until 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 have started communicating with many exchanges and platforms.”
The head of communications stated that anybody who abused the system to harvest taps and control the game would be banned, with community members doing background checks and appealing for the patience of legitimate tappers.
Speaking on the mining processes, he said, “Just open the app and tap on it; that will give you shares. The more you tap and the more upgrades you do, the more shares you will have when we finalize the tokens on it. The more tokens you want to have, the more tapping you have to do.”
On the booster option, which has already ended, the representative said it was not something new, adding: “We have room exponentially faster than we thought, and then to develop the game plan further, we introduced a paid feature to make their capital, but it was not mandated on the users.
“We introduced the limited x2 donation because the new influx of users kept coming in, and we needed them to make something out of it and get a fair allocation at TGE.
“It was a platform that allowed people who joined recently to compete with people who started earlier. It is gone for now, but we are looking forward to using the money we earned from it to improve the game in the future.
“It is all going to our 25 staffers working around the clock to sustain the app. We want to be here for a very long time.”
(Daily Sun, excluding headline)
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