Connect with us

Tech

Tapswap Adjourns Token Allocation Date Indefinitely

Published

on

TapSwap
Tapswap, a popular tap-2-earn app powered by TON Blockchain, has announced the indefinite postponement of its token allocation to users

Tapswap, a popular tap-2-earn app powered by TON Blockchain, has announced the indefinite postponement of its token allocation to users. This decision was revealed by John Robbin, Head of Communications at Tapswap, during an X space session on Wednesday.

The app, which has captivated over 50 million users since its launch on February 15, 2024, requires users to tap an icon on the Telegram Tapswap bot screen to mine coins. The app has particularly gained traction among Nigerians eager to earn financial rewards by tapping on their phone screens.

Robbin explained that the method for token allocation is still being determined, emphasizing that the details cannot be communicated until a final decision is made. The initial token launch date was postponed to July 1, but no new date has been set yet.

Advertisement

“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,” Robbin stated.

He also addressed concerns about users who abuse the game by farming taps, assuring that such users will be banned through community checks while urging genuine tappers to remain patient.

Regarding the mining process, Robbin explained, “Just open the app and tap on it; that will give you shares. The more you tap and the more upgrades you do, the more shares you will have when we finalize the tokens on it. The more tokens you want to have, the more tapping you have to do.”

Advertisement

The booster option, which has already ended, was introduced to manage the influx of new users and ensure fair token allocation. Robbin noted, “We introduced the limited x2 donation because the new influx of users kept coming in, and we needed them to make something out of it and get a fair allocation at TGE. It was a platform that allowed people who joined recently to compete with people who started earlier.”

He reassured users that the funds raised from this feature would be used to improve the game and support the 25 staff members working to sustain the app. “We want to be here for a very long time,” he added.

Robbin encouraged new users to join the tapping app, highlighting that there is still time for them to earn appreciable tokens.

Advertisement

The app’s popularity has led to viral moments, including a Keke driver tapping on his phone while driving and traders in Northern Nigeria enthusiastically engaging with the app. Many users are optimistic about the potential financial gains, with some hoping to use their earnings to make significant purchases like cars and houses.

Continue Reading
Advertisement
1 Comment

1 Comment

  1. Ayomide Adam

    June 20, 2024 at 12:51 pm

    Tapswap is here.

Leave a Reply

Your email address will not be published. Required fields are marked *

Tech

OpenAI CTO Mira Murati Announces Departure After 6 Years

Published

on

OpenAI CTO Mira Murati Announces Departure After 6 Years

OpenAI’s Chief Technology Officer, Mira Murati, has announced her departure from the company after six and a half years. In a memo shared on X, Murati expressed that she had made the “difficult decision” to step away from OpenAI, citing her desire for personal exploration and reflection.

“There’s never an ideal time to step away from a place one cherishes, yet this moment feels right,” Murati wrote, emphasizing her commitment to ensuring a smooth transition for the company during this critical time.

Her exit follows other high-profile departures from the company, including co-founder Ilya Sutskever and former safety leader Jan Leike in May, as well as co-founder John Schulman, who left last month to join rival company Anthropic.

Advertisement

Murati’s departure comes at a time when OpenAI is pursuing a new funding round, potentially valuing the company at over $150 billion, with significant investments anticipated from major players like Thrive Capital, Microsoft, and Nvidia. OpenAI, the company behind ChatGPT, has seen rapid growth since 2022 but has also faced internal controversies and employee turnover, sparking concerns about its ability to scale safely.

Murati became a public figure when she was appointed interim CEO last November after the abrupt ousting of CEO Sam Altman. Despite her departure, she remains focused on supporting OpenAI’s momentum in the coming months.

Advertisement
Continue Reading

Tech

CrowdStrike Exec Apologizes to US Lawmakers for July IT Outage

Published

on

CrowdStrike Exec Apologizes to US Lawmakers for July IT Outage

During a congressional hearing, CrowdStrike executive Adam Meyers issued a formal apology for the massive IT outage in July, which affected millions of computers globally. In his opening remarks, Meyers expressed deep regret, stating, “On behalf of everyone at CrowdStrike, I want to apologize. We are deeply sorry this happened and are determined to prevent it from happening again.”

Meyers assured lawmakers that the company is committed to learning from the incident and making significant improvements. This includes enhancing testing and checks on updates, as well as altering how future updates are issued to avoid similar disruptions.

Continue Reading

Tech

Caroline Ellison May Avoid Jail Time for Role in FTX Scandal

Published

on

Caroline Ellison May Avoid Jail Time for Role in FTX Scandal

Caroline Ellison, the former CEO of Alameda Research and key witness in the criminal case against FTX founder Sam Bankman-Fried, faces sentencing this Tuesday. Despite her involvement in the massive fraud that led to FTX’s collapse, Ellison may avoid significant jail time due to her cooperation with federal authorities.

Ellison admitted to defrauding investors and misappropriating billions of dollars from FTX customers, redirecting funds to Alameda’s speculative trading and debt repayment. Both Ellison and Bankman-Fried face the same serious charges, which carry a potential maximum sentence of 110 years. However, her cooperation with prosecutors has been deemed “extraordinary,” leading the federal Probation Department to recommend “time served” with three years of supervised release.

Her testimony was crucial in portraying Bankman-Fried’s role in the collapse, particularly due to their close personal relationship. This unique insight into his operations helped strengthen the government’s case. While Ellison was involved in fraudulent activities, legal experts believe her lesser control compared to Bankman-Fried will likely result in a lighter sentence, potentially no more than 18 months in prison.

Advertisement
Continue Reading

Trending