Tapswap’s Toothy Struggles: A Saga of Earnings and Failings! 🐹💰💔

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In the grand playground of crypto, our dear friend Tapswap (TAPS) has been wobbling like a jester on a tightrope! Oh, the drama! The token, which fuels the tap-to-earn platform, saw its price dance around after the launch of its airdrop event.

At the time of writing, TAPS was priced at $0.07058, just a tad higher than its initial entrance. CoinMarketCap shows its market cap standing tall at $34 million, making it a wee bit smaller than its tap-to-earn counterparts, Hamster Kombat (HMSTR) and Notcoin.

The developers unveiled the tokenomics in a lengthy X thread, stating that 5% of the tokens went to strategic investors, while the community scored a 40% share. Another 20% was set aside for community rewards, with a similar amount stashed away for the treasury. The team received 10% of the allocation, with a cliff unlock period ranging from 12 to 36 months.

Clear tokenomics are the bread and butter of a project’s health, my friends! 🍞📊

Here’s the @tapswapai scoop on how $TAPS is divvied up and why this setup ensures growth, stability, and community love 🧵

— tapswap (@tapswapai) February 17, 2025

Alas, Tapswap’s price wobbles might be due to its availability on only Bitget and STON.fi, the largest decentralized exchange on the TON blockchain. The big guns like Binance or Coinbase are yet to list TAPS. The developers initially planned to launch on BNB Chain, but Telegram demanded they stick to the TON blockchain for all games in its ecosystem.

Tapswap dreams of becoming the gaming behemoth of Telegram, with a tap-to-earn game and a skills-based game in the works. They hope their ten million weekly users will embrace the new skills game with open arms.

Tapswap: A Coin with a Tale of Toothache! 🦷💔

Tapswap faces a steep uphill battle, my friends! Most of its top competitors, like Hamster Kombat and Notcoin, have seen their token values plummet after their airdrops. They’ve all dropped by over 80% from their all-time highs, as holders dumped their tokens and new buyers remained skeptical.

Hamster Kombat, in particular, was a heartbreaker in the tap-to-earn realm. It amassed a whopping 300 million users and broke records for YouTube subscribers before its token crashed and burned.

Tapswap’s struggles are reminiscent of other “to-earn” tokens, many of which have faced challenges after their initial launch. Move-to-earn tokens like StepN, Sweatcoin, and Step App, as well as play-to-earn coins like Illuvium, Big Time, and Axie Infinity, have all seen their values plummet post-launch.

Similarly, many recently airdropped tokens, including those with utility, like Grass, Wormhole, ZkSync, and Berachain, have also taken a significant dive.

To add insult to injury, Tapswap’s airdrop took place just two days before the much-awaited Pi Network mainnet launch. Pi is also a tap-to-earn coin where users are rewarded for mining tokens through the app. Oh, the drama! 🍿

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2025-02-17 17:33