NEWISSUES
By John Ogunsemore
Tapswap, the popular tap-to-earn app built on the TON Blockchain, has once again postponed its token allocation to users which was earlier scheduled for July 1.
The company said the allocation will now take place in the third quarter of 2024.
It is another disappointing news for enthusiastic users who were told on June 20, 2024, that the token launch date which was scheduled for July 1 had been postponed indefinitely.
The reason for the delay has sparked confusion among Tapswap enthusiasts. Some reports claimed Tapswap halted distribution entirely, while the company itself refuted these claims.
In a statement shared on X on Monday, Tapswap said, “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?”
Tapswap acknowledged they haven’t finalised the tokenomics, the structure behind how the tokens are distributed and valued.
The statement emphasised the company is “working on finding the best ways to reward” users.
This suggests Tapswap might be reworking its reward system to ensure a fair and sustainable model for its rapidly growing user base, which reportedly reached over 50 million since its launch in February.
“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,” the statement further reads.
