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Tapswap Postpones Token Allocation to Q3 2024

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TapSwap
Tapswap, a tap-to-earn app powered by TON Blockchain, announced a postponement of its token allocation to the third quarter of 2024

Overview: Tapswap, a tap-to-earn app powered by TON Blockchain, announced a postponement of its token allocation to the third quarter of 2024. Initially set for July 1st, this delay aims to better serve the app’s rapidly growing user base and ensure a robust and secure launch.

User Base and Popularity: Since its launch on February 15, 2024, Tapswap has amassed over 50 million users, particularly gaining traction among Nigerians. The app allows users to mine coins by repeatedly tapping an icon on the Telegram Tapswap bot screen.

Reasons for Postponement:

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  1. Increased Attention and Security Concerns:
    • The app’s rising popularity has attracted both scammers and legitimate web3 industry leaders.
    • The management aims to protect the game from fraudulent activities and ensure a secure launch.
  2. Discussions with Tier 1 Exchanges:
    • Tapswap is in active negotiations with top-tier exchanges to list its tokens, which requires additional time to finalize.
    • These discussions are intended to enhance the app’s credibility and profitability for users.
  3. Detailed Work on Tokenomics and Launch Strategy:
    • The team is focusing on refining the tokenomics and devising a comprehensive launch strategy.
    • This involves intricate planning to ensure a fair and profitable token distribution.

Management’s Communication: In a series of threads on social media platform X, Tapswap’s management shared both ‘bad and good news’ with their community. They explained the benefits of the postponement, emphasizing that the delay would ultimately be advantageous for users.

Statements from Tapswap Management:

  • The delay is intended to safeguard the project and ensure a successful launch.
  • The team is committed to detailed work on tokenomics and a strategic launch to benefit all users.
  • They assured the community that the launch in Q3 would be fair and profitable, appreciating users’ support and feedback.

Official Announcements: John Robbin, Tapswap’s Head of Communications, confirmed the postponement on June 20, 2024. He cited ongoing efforts to eliminate bot accounts and the need for a well-planned token allocation strategy. The exact method of token allocation remains undecided, but a significant portion of tokens will be allocated to the community to retain active users.

Future Plans: Tapswap encourages its users to stay positive and look forward to upcoming announcements about tier 1 partnerships and the token drop. The company values community feedback and aims to reach higher levels of success together.

Conclusion: The postponement of Tapswap’s token allocation to Q3 2024 is a strategic move to ensure a secure and profitable launch. The management’s proactive measures and ongoing discussions with top-tier exchanges reflect their commitment to the app’s long-term success and the satisfaction of its user base.

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OpenAI CTO Mira Murati Announces Departure After 6 Years

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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.

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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.

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CrowdStrike Exec Apologizes to US Lawmakers for July IT Outage

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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.

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Caroline Ellison May Avoid Jail Time for Role in FTX Scandal

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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.

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