Again, Tapswap Postpones Token Allocation To Q3

Tapswap, a popular tap-to-earn app powered by the TON Blockchain, has announced the postponement of its much-anticipated token allocation event to the third quarter of the year. Initially scheduled for July 1, the delay aims to better serve its rapidly growing user base.

Since its launch on February 15, 2024, Tapswap has garnered significant attention, particularly among Nigerians eager to earn financial rewards by tapping their phone screens. The app now boasts over 50 million users.

In a series of posts on X (formerly Twitter) on Monday, Tapswap’s management shared both ‘bad and good news’ with its players. The decision to postpone the token allocation event, according to the company, is part of a broader strategy to engage in discussions with tier-1 exchanges globally. 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.

The statement 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.”

Tapswap’s team 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 added.

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!”

LEADERSHIP had earlier reported that Tapswap’s token launch, originally set for July 1, was postponed indefinitely. The Head of Communications, John Robbin, disclosed 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.”

Nigerians, both young and old, have been eagerly tapping their phones, with some hoping to use their accumulated tokens to purchase cars and houses. Viral clips show a tricycle (Keke) driver tapping on his phone while steering his vehicle and traders in Northern Nigeria vigorously tapping their screens.