The popular tap-2-earn app Tapswap, powered by the TON Blockchain, announced that the token allocation to users has been postponed to the third quarter of the year.
The app, which gained traction in Nigeria and amassed over 50 million users since its launch on February 15, 2024, requires users to tap the icon on the Telegram Tapswap bot screen to mine coins.
The management decided to delay the share-to-token exchange event originally scheduled for July 1st to better serve its players.
In a series of threads on X on Monday, Tapswap shared what it described as ‘bad and good news’ for its players. The management announced that they are in active talks with top-tier exchanges globally to protect the highly ranked game from scammers and opportunists in the web3 industry who are drawn to the game’s recent success.
“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:
“Recently, there’s been a lot of buzz around Tapswap, especially about listing on tier 1 exchanges, a massive drop, and more. And it’s no surprise: the project has become one of the major players globally, ranking at the top. This kind of attention attracts not just scammers but also leaders in the web3 industry.
“So, not all rumours are just rumours. The Tapswap team is actually in active talks with tier-1 exchanges!
And they are thrilled with you – our community! Isn’t this what we’ve been tirelessly working towards together?”
“However, this success comes with some ‘inconveniences’. This level of attention requires much more detailed work on tokenomics and the right launch strategy. And that means extra time.
“But know that this is all to ensure that our launch in Q3 is fair and, more importantly, profitable for all of you who stand by us no matter what,” it added.
“So, as you can see, there are plenty of reasons to be happy about this change. And very soon, we’ll give you some even bigger news about our future, tier 1 partnerships, and the drop itself!
“We really value your support. And we truly listen to your feedback, so don’t forget to share it in the comments. Together, we’ll keep reaching higher and higher levels!”
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