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Blockchain App, Tapswap Postpones Token Launch Again
Tapswap, a popular tap-to-earn app powered by TON Blockchainannounced a postponement in the allocation of tokens to users, moving the event to the third quarter of the year.
The app, which has gained considerable popularity in Nigeria by allowing users to mine coins by tapping an icon on Telegram The Tapswap bot has amassed over 50 million users since its launch on February 15, 2024.
Originally scheduled for July 1st, the token allocation event has been rescheduled to accommodate the app’s growing user base, as communicated by Tapswap management.
Through updates shared on X, management communicated to its users both “challenges and positive developments,” citing the delay as essential to finalizing negotiations with top-tier exchanges and improving their tokenomics and launch strategy.
🚨 Important update!🚨
1\ We have some bad and good news for you at the same time: our team has decided to move the Shares-to-Token exchange event date. You might be wondering, what’s good about this? Just FUD? 🤔 Not really. The point is that in reality…
— tapswap (@tapswapai) July 1, 2024
Management stated: “We have both bad and great news for you at the same time: our team has decided to move the date of the Shares-to-Token swap event. You might be wondering, what’s good about this? Just FUD? Not really. The point is that you will benefit from it. Let us explain how.”
They noted that the project’s visibility has attracted both fraudulent actors and prominent figures in the web3 industry. “Tapswap has generated considerable buzz recently, particularly with its listing on Tier 1 exchanges, a significant token distribution event, and more. It is no surprise that the project has emerged as a major global player, ranking prominently.”
This success has prompted a meticulous approach to ensuring a fair and profitable launch for the community. “The increased focus requires in-depth work on tokenomics and a well-planned launch strategy. This requires additional time. However, rest assured that this delay is to ensure our Q3 launch is fair and, importantly, profitable for all of our loyal backers,” management explained.
Tapswap encouraged its users to remain optimistic about the future, promising upcoming announcements regarding Tier 1 partnerships and the token distribution event. “We deeply appreciate your support and value your feedback, so please continue to share your thoughts with us. Together, we will continue to reach greater heights!”
This announcement follows an earlier delay to the token launch originally scheduled for July 1, which was postponed to address issues with bot accounts.
John Robbin, Head of Communications, had already announced in June that the revised token allocation date would be communicated in due course.
Robbin highlighted the ongoing efforts to finalize the token allocation method, emphasizing the community’s critical 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.”