Tapswap Delays Token Allocation to Third Quarter Amid User Growth
Written by Jerry Alomatu on July 2, 2024
Tapswap, a widely-used tap-to-earn application powered by the TON Blockchain, has postponed its token allocation event initially set for July 1st. The new schedule places the event in the third quarter of this year, allowing for adjustments to support the app’s growing user community and strategic planning efforts.
Since its launch on February 15, 2024, Tapswap has garnered immense popularity in Nigeria, attracting over 50 million users who mine coins by tapping icons on the Telegram Tapswap bot.
In a recent update, Tapswap’s management shared that the postponement aims to optimize their tokenomics, finalize discussions with tier-1 exchanges, and refine their launch strategy. They described the delay as necessary to ensure a fair and profitable token launch for their community amidst heightened global interest and recent developments.
The management assured users that despite the delay, the decision was made to benefit them, citing increased attention from both scammers and leaders in the web3 industry. This attention underscores Tapswap’s emergence as a major player globally, prompting the need for meticulous planning to safeguard user interests and project integrity.
Tapswap encouraged its community to stay engaged and optimistic, promising forthcoming announcements on tier-1 partnerships and the token drop. They reiterated their commitment to community involvement, emphasizing that a significant portion of tokens will be allocated to users to foster long-term engagement and loyalty.
The postponement follows a previous delay attributed to addressing issues related to bot accounts, underscoring Tapswap’s dedication to maintaining transparency and fairness in its operations.
Head of Communications at Tapswap, John Robbin, reaffirmed that updates on the new token allocation date and allocation method will be communicated in due course, inviting community feedback and participation in shaping Tapswap’s future.
As Tapswap prepares for its next phase, the management remains focused on delivering a robust and inclusive platform that rewards user engagement while navigating the complexities of the evolving fintech landscape.
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Author: Jerry Alomatu
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