Tapswap postpones token allocation date indefinitely, gives reason

Tapswap postpones token allocation date indefinitely, gives reason

TapSwap, a popular tap-to-earn app utilizing TON Blockchain, has announced an indefinite postponement of its token allocation to users.

The app’s representatives are exploring the best methods to reward participants.

John Robbin, TapSwap’s Head of Communications, revealed this during an X space on Wednesday.

TapSwap, launched on February 15, 2024, allows users to mine coins by repeatedly tapping an icon on the Telegram bot screen.

The app has quickly gained popularity in Nigeria, boasting over 50 million users.

Robbin explained that the token allocation method is still being determined, and the process cannot be disclosed before the allocation. He mentioned that the new date for the token launch is July 1.

“We aim to allocate a significant portion of the tokens to the community to keep the tappers engaged. We are in talks with various exchanges and platforms to ensure a win-win situation for everyone,” said Robbin.

He also warned that users exploiting the system would be banned after community checks, urging genuine users to be patient.

Regarding the mining process, Robbin stated, “Open the app and start tapping to earn shares. More taps and upgrades result in more shares when we finalize the tokens.”

The booster option, which allowed users to double their earnings, has ended.

Robbin noted, 

“We introduced this feature due to the influx of new users to ensure fair allocation at TGE. The funds generated will be used to enhance the game and support our 25 staff members working to maintain the app.”

Robbin encouragetd more people to join the app, noting that there is still time to earn a substantial number of tokens.

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