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)
Ohworode Of Olomu Confers Iyete Title On NUJ Warri Chairman Akpokona Omafuaire
Delta Puts $100m To Derisk Investors, Showcases Burutu Port, Glass Factory Projects
Nigeria Was The Only One Cut Out – FFK Blasts South Africa After Presenting Credentials To Ramaphosa
Tinubu Condemns Political Violence, Orders Security Agencies to Arrest Perpetrators
US Family Makes Guinness Record As Five Generations Share Same Birthday
Court Rejects Emefiele’s Objection, Admits Supreme Court Judgment
Solar Energy In Nigeria: From Luxury To Necessity As Imports Hit ₦242 Billion
US To Watch Nigeria’s January 16 Election Like A Hawk Over Violence Fears
Angry Nigerians Block INEC Chairman Amupitan’s Car Outside Chatham House In London [VIDEO]
Delta Paying Billions To Fix Federal Roads, Aniagwu Reveals
Okowa Gets Rousing Welcome in Aniocha South, Says Vote For APC Will Not Be Wasted
Tompolo’s Tantita Donates Operational Vehicles To Enerhen Divisional Police
South Africa’s Xenophobia Betrays Mandela’s Legacy , Says Tuggar
Why We Used Fake Gucci, Nike Labels To Sell More Shoes, Ogun Factory Suspects Tell Police
Ogorugba Hails Oborevwori As Iyede Monarch Ekperare I Gets Staff Of Office
