Popular tap-to-earn game Tapswap has postponed its Shares-to-Token exchange event yet again. The official X account describes it as “some bad and really good news at the same time.”
The team goes on to hint at possible listings on tier 1 exchanges and a massive airdrop. These potential successes come with certain “inconveniences.” The massive amount of attention Tapswap has received requires much more work on the right launch approach and tokenomics, and the team needs more time. The team assures it wants it to be fair and profitable for Tapswap supporters.
Should you keep supporting Tapswap?
In early June, Tapswap had over 46 million players. By June 19, the number had risen to over 53 million. The game’s simple yet engaging tap-to-earn principle, which allows anyone with a smartphone and Telegram account to play, has brought it into the spotlight of DeFi. However, there are concerns about a delay.
Nevertheless, several enthusiasts encourage users to ‘keep tapping’ given the absence of real money or investment. If Tapswap’s launch on tier 1 exchanges proceeds as planned, its market cap is expected to soar, contingent on market conditions. However, a bearish market could lead to a rapid devaluation of the Tapswap token.
According to a post on Kucoin Learn, Tapswap’s launch date was moved from May 30 to July 1, 2024, due to bots unfairly earning shares. This compromised the fair distribution of tokens. The delay aims to allow the Tapswap team to ban the bots and ensure fair token distribution.
The delay should not discourage supporters. Tapswap is popular and resilient, and the delay may present an opportunity to accumulate more tokens.
Image source: Github
