Popular tap-to-earn app launched by the TON Blockchain, TAPSWAP has announced the postponement of its much-anticipated token allocation event to the third quarter of the year.
The app which now boasts of over 50 million users, had initially slated the token disbursement for July 1, however, it was learnt that the postponement aims to better serve its rapidly growing user base better.
Meanwhile, since its launch on February 15, 2024, Tapswap has gained significant attention, particularly among young and old Nigerians eager to earn financial rewards by tapping their phone screens.
In a series of posts on X (formerly Twitter) on Monday July 1st, Tapswap’s management shared both ‘bad and good news’ with its players.
According to the company, the decision to shift the date for the token allocation event, is part of a broader strategy to engage in discussions with tier-1 exchanges globally. It explained that the goal is to secure the game’s integrity and protect it from scammers and exploiters within the web3 industry.
“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”. The management explained further.
The statement also highlighted the buzz surrounding Tapswap and its potential listing on major exchanges, noting that the project has become a major player in the global market. “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.”
The company said that it is actively engaged in talks with these exchanges and is thrilled with the support from its community. “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 postponement allows the company to focus on refining its tokenomics and launch strategy. “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,” The statement noted.
Despite the delay, Tapswap encouraged its players to remain optimistic and promised more exciting updates in the future. “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!”
Recall that Tapswap’s token launch, originally set for July 1, was postponed indefinitely. The Head of Communications, John Robbin, revealed on June 20, 2024, that the allocation method is still under consideration, with processes yet to be finalized. “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.”
