Tapswap Suspends Allocation Of Tokens Indefinitely

Tapswap has suspended the allocation of tokens indefinitely.

 

NewsOnline Nigeria reports that the popular tap-to-earn program Tapswap powered by TON Blockchain has announced that the distribution of tokens to users has been put on hold indefinitely while officials look for the best ways to compensate tap-to-earn users.

 

Head of Communications, Tapswap, John Robbin, announced this on X space on Wednesday.

 

Since its February 15, 2024 launch, the app, which required users to continuously tap the icon in the centre of the Telegram Tapswap bot screen to mine coins, has accumulated over 50 million users. Nigerians have been using the app to tap their phone screens in an attempt to make money.

 

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Robbin said: “The token launch was postponed until 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.

 

“We need a token airdrop to be a win-win for all of us. We have started communicating with many exchanges and platforms.”

 

The head of communications said that anybody abusing the system to farm taps and manipulate the game would be banned, with community members doing background checks and asking for the patience of true tappers.

 

Speaking on the mining processes, he said, “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.”

 

On the booster option, which has already ended, the representative said it was not something new, adding: “We have room exponentially faster than we thought, and then to develop the game plan further, we introduced a paid feature to make their capital, but it was not mandated on the users.

 

“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. It is gone for now, but we are looking forward to using the money we earned from it to improve the game in the future.

“It is all going to our 25 staffers working around the clock to sustain the app. We want to be here for a very long time.”