The Nigerian tech scene has been buzzing lately with the emergence of TapSwap, a telegram bot powered by Solana, generating excitement and raising eyebrows in equal measure. But what is TapSwap all about? Is it a revolutionary new crypto coin or just a fleeting fad? Let’s dive deep and explore everything you need to know about TapSwap.
What is TapSwap?
TapSwap is a DeFi project powered by Solana blockchain and it is quite similar to Notcoin which is built on the Ton blockchain.
TapSwap presents itself as an innovative Tap-to-Earn gamified “mining” app that offers tapswappers unique, fun way to earn their native token, TAP, through a telegram bot.
The project aims to make token mining accessible to a broad audience through a user-friendly tap tap game, enhancing the user experience and promoting widespread participation in the DeFi space.
The project has gained serious popularity in the Nigerian space with millions of Nigerians participating in the tapswap mining process.
What Is TapSwap Tokens?
TapSwap allows users to earn the Taps tokens by engaging with the TapSwap Telegram bot. Users can start mining by simply tapping on an icon on the Telegram bot interface.
The essence of the tap tap tapping is to gather as many tap tokens as possible and exchange them for the $TAP coin on tapswap launch date.
TapSwap Tokenomics
According to Tapswap’s tokenomics, the TAPS token will have a total supply of 1 billion tokens. Of this total supply, 500 million TAPS (50%) will be allocated to active community members.
Additionally, 300 million TAPS (30%) are reserved for platform development, funding innovative projects, and marketing.
Furthermore, 100 million TAPS (10%) will be allocated to the development team and founders, with these tokens locked and released over four years to ensure alignment with community interests.
The remaining 10% will support advisory roles, marketing efforts, and liquidity enhancement.
According to the tapswap project roadmap, the token launch was part of phase two of the project.
How TapSwap Mining Works
Tapswap coin mining is simply the series of activities tapswap players engage to earn tapswap tokens.
This includes engaging with the Tapswap Telegram bot by tapping on its interface repeatedly to accumulate coins. More coins, more tokens. And more tokens, more money in the long run.
TapSwappers can earn more coins depending on how much they tap.
Users can also refer friends and family to earn even greater rewards.
Users can also unlock boosters and complete certain tasks to maximize tapswap coin earnings.
This gamified approach has sparked a nationwide phenomenon with many users drawn to the promise of easy crypto gains.
How To Start TapSwap
Follow the instructions below:
- Download Telegram app and create an account (that’s if you haven’t)
- Sign in to Telegram and click here to install the tapswap bot
- Tap on START > START NOW
- Once the tapswap bot pops up on your screen, click on Tap
- To earn coins, tap on the center of the coin symbol
- Keep tapping and complete some tasks to boost your earnings. You can also make use of autoclicker for tapswap.
How To Withdraw From TapSwap
Connect solana wallet to tapswap via telegram and phantom wallet and continue mining enough tapswap coins through the Telegram bot . After tapswap launch date, you can withdraw from tapswap.
Is TapSwap Legit, Real or Fake ?
The legitimacy of TapSwap is a hot topic with no definitive answer yet.
Here’s a breakdown of some key points to consider:
- Recent Launch: TapSwap launched early 2024, making it a very new project. While some view this as a potential for growth, others raise concerns about its lack of established track record.
- Focus on “Mining”: The heavy emphasis on the gamified mining aspect raises questions about TapSwap’s long-term viability as a DEX. Critics suggest it resembles a “pump and dump” scheme, where early participants profit by attracting new users who inflate the token’s value before a potential crash.
It’s crucial to approach TapSwap with caution. Simply do your own research.
TapSwap Coin Price (Tap)
As at the time of publishing this blog post, there’s no established market price for the Tap token. Since TapSwap hasn’t integrated with any major cryptocurrency exchanges yet, it’s difficult to determine its actual value. The value derived solely from the Telegram bot’s mining activity remains highly speculative.
TapSwap Launch Date
On February 15, at 16 UTC, TapSwap launched its Initial token distribution via the innovative Telegram bot, Tap-to-Earn! but there haven’t been any official announcements regarding a specific launch date for the Tap token on external exchanges.
TapSwap Telegram Bot
The TapSwap Telegram bot is the central hub for the gamified mining aspect. Users interact with the bot to “mine” Tap tokens by repeatedly tapping the interface. While it offers a gamified approach to crypto, remember, the long-term value of these “mined” tokens remains uncertain.
You can click here to engage the TapSwap Telegram.
Conclusion
TapSwap has undoubtedly captured the Nigerian tech scene’s attention. However, it’s crucial to approach it with a critical eye. Do your research and invest your time cautiously. Remember, the crypto market is volatile, and there’s no guarantee of significant returns.
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