Tapswap, a popular tap-to-earn app powered by the TON Blockchain, has announced a postponement in its token allocation to users, moving the event to the third quarter of the year.
The app, which has garnered significant popularity in Nigeria by enabling users to mine coins through tapping an icon on the Telegram Tapswap bot, has amassed over 50 million users since its launch on February 15, 2024.
Initially scheduled for July 1st, the token allocation event has been rescheduled to accommodate the app’s expanding user base, as communicated by Tapswap’s management.
Through updates shared on X, the management conveyed both “challenges and positive developments” to its users, citing the delay as essential for finalizing negotiations with top-tier exchanges and enhancing their tokenomics and launch strategy.
🚨 Important Update!🚨
1\ We’ve got some bad and really good news for you at the same time: our team has decided to move the date for the Shares-to-Token exchange event. You might wonder, what’s good about that? Just FUD? 🤔 Not exactly. The whole point is that you’ll actually…
— tapswap (@tapswapai) July 1, 2024
The management stated, “We’ve got some bad and really good news for you at the same time: our team has decided to move the date for the Shares-to-Token exchange event. You might wonder, what’s good about that? Just FUD? Not exactly. The whole point is that you’ll benefit from this. Let us explain how.”
They emphasized that the project’s visibility has attracted both fraudulent actors and prominent figures in the web3 industry. “Recently, Tapswap has generated considerable buzz, particularly regarding its listing on tier-1 exchanges, a significant token distribution event, and more. It’s no surprise that the project has emerged as a major global player, ranking prominently.”
This success has prompted a meticulous approach to ensure an equitable and profitable launch for the community. “The heightened attention demands thorough work on tokenomics and a well-planned launch strategy. This necessitates additional time. However, rest assured that this delay is aimed at ensuring our Q3 launch is fair and, importantly, profitable for all of our steadfast supporters,” the management elaborated.
Tapswap encouraged its users to maintain optimism about the future, promising forthcoming announcements regarding tier-1 partnerships and the token distribution event. “We deeply appreciate your support and value your feedback, so please continue sharing your thoughts with us. Together, we will continue to achieve greater heights!”
This announcement follows a previous postponement of the token launch initially slated for July 1st, which was deferred to address issues related to bot accounts.
John Robbin, Head of Communications, previously indicated in June that the revised token allocation date would be communicated in due course.
Robbin underscored the ongoing efforts to finalize the token allocation method, stressing the community’s integral role in the process. “A significant portion of the tokens will be allocated to the community to reward our loyal users. We want each of you to feel deeply connected to the Tapswap community.”