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)
FG Exceeds 2024 Borrowing Target by N4.79tn as Revenue Shortfall Deepens Fiscal Deficit
PTI Bloody Incident: Omo-Agege Accuses APC of Orchestrating Violence to Rig 2027 Polls
Makinde Receives Two Surveillance Aircraft, Partners Air Force to Bolster Oyo Security
OBOREVWORI’S IMPOSITION BACKFIRES AS APC LEADERS, MEMBERS BOO EDE DAFINONE IN DELTA CENTRAL, BY EJIRO AWHOTU
25-year-old Woman Allegedly Cuts Off Boyfriend’s Manhood After Learning He Wanted to Marry Another Woman
Sowore Drops Bid to Summon DSS Boss as AGF Challenges Subpoena in Defamation Trial
“DSS Mistook a Cat for Me” — Sunday Igboho Recounts Dramatic Escape During 2021 Raid
BREAKING: Appeal Court Voids Order Deregistering ADC, Four Other Political Parties
Atiku Condemns Kaduna Massacre, Says Nigerians Need Security, Not Promises
Oshiomhole Backs ‘Shoot Armed Criminals on Sight’, Says Insecurity Biggest Threat to Tinubu’s Re-election
Why Okowa Says Tinubu Deserves a Second Term to Solidify Nigeria’s Progress
US Warns Nigerians: Visa Expiry Date Does Not Determine How Long You Can Stay
We Have the Right to Deal With Illegal Migration— South Africa Fires Back at Nigeria
Fake Agency Saga: No Evidence Links Gbajabiamila to Alleged Fraud, Analyst Insists
