A popular tap-to-earn app, TapSwap, powered by the TON Blockchain, has announced a delay in its token allocation. Initially set for July 1st, the event will now occur in the third quarter of the year.
TapSwap, launched on February 15, 2024, allows users to earn tokens by repeatedly tapping the icon in the center of the Telegram TapSwap bot screen. The app has gained significant popularity, especially among Nigerians, and has amassed over 50 million users.
The management explained that the delay will allow them to better serve their players. They communicated this in a series of threads on X, explaining both the “bad and good news” about the postponement.
“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:
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.
“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?”
TapSwap’s management emphasized their commitment to detailed work on tokenomics and the right launch strategy, stating that this level of attention necessitates more time.
“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.
Despite the delay, TapSwap encouraged its users to look forward to even bigger news in the future, appreciating their ongoing support and feedback.
TapSwap’s Head of Communications, John Robbin, disclosed on June 20, 2024, that the token launch date had been postponed indefinitely. He explained that the allocation process had not yet been finalized and that detailed communication on this would follow soon.
“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.
“We need a token airdrop to be a win-win for all of us. We have started communicating with many exchanges and platforms,” he said.