Tapswap Postpones Token Allocation to Q3 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:

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.