As a seasoned crypto investor with a knack for spotting trends and navigating the ever-evolving landscape of decentralized finance, I found myself intrigued by Naz Ventura’s insights on TapSwap and its plans to ensure long-term sustainability. Having witnessed the rise and fall of countless projects in this space, I can’t help but feel a sense of cautious optimism when it comes to TapSwap.
During a chat with crypto.news, Naz Ventura, creator of TapSwap, discussed strategies for ensuring long-term durability and resilience.
As a crypto enthusiast, I found myself drawn into the buzz surrounding Notcoin (NOT) with the release of these intriguing Telegram clicker games. They’ve rejuvenated the concept of play-to-earn in Web3 gaming by providing an effortless and immersive method to amass digital assets, typically requiring nothing more than a simple screen tap. This innovative approach paved the way for the emergence of tap-to-earn games within our crypto community.
The boom in popularity of Notcoin ignited a flood of similar online ventures, luring millions with the prospect of earning money through effortless mining, attractive referral programs, and anticipated giveaways. Yet, as these games multiplied and new contenders joined the market, doubts have arisen about their long-term viability.
Some people believe that the straightforward nature of these games, which makes them easy to understand, may also contribute to their eventual failure. If these games lack intricate gameplay elements or practical uses in the real world, the worth of both the games and the tokens associated with them could rapidly decrease.
The examples of past blockchain gaming platforms, specifically the play-to-earn systems like Decentraland (MANA) and Axie Infinity (AXS), demonstrate a concerning pattern. These games were initially prominent in the crypto gaming sector but have experienced a significant decline in both player interest and token worth over time.
“According to Ventura, when it comes to Web3 trends, things are always changing. Lately, clicker games have been particularly popular, but as expected, something fresh is bound to appear on the scene.”
As a researcher examining the digital landscape, I’ve come across TapSwap – a mini-game that has rapidly grown into one of the largest on Telegram, with nearly 60 million users in under five months post-launch. Yet, this project is not resting on its laurels. It’s proactively preparing to address sustainability concerns by integrating additional features and devising a fresh economic model.
A new economic model
The game earns money through primary means like directly selling in-game items (such as boosts and power-ups) and secondary methods like advertising and traffic sales. As stated by Ventura, every penny earned gets funneled back into the platform for further development.
Instead, the project proposes implementing a unique profit-sharing system. This system encourages users to share part of their profits with the platform, in exchange for its continued support. Ventura has coined this strategy as the “Mutually Beneficial Monetization” approach, emphasizing its potential to fuel the platform’s long-term expansion.
As a dedicated researcher, I’m working on shaping an innovative model designed to provide steady earnings for our users, ensure financial stability for our project, and boost demand, usage, and worth of our token. I’m eager to share more comprehensive details with our community in the near future, but for now, let me hint that this model leverages the AI niche.
According to the founder of TapSwap, they have been holding talks with top-tier exchanges and major industry figures, with the goal of adapting TapSwap’s business strategy to seize broader market prospects. Ventura mentioned that these collaborations could boost the project’s exposure.
“In addition to our primary goals, we’re dedicated to constructing essential projects on the TON blockchain. These initiatives are crucial for our growth and aim to bring more people into the Web3 community by providing them a platform.”
Sustainable tokenomics
The TapSwap community eagerly anticipates receiving the native TAPS tokens via an airdrop, set for Q3 2024. As of now, the specifics of the token distribution (tokenomics) are still under wraps and will determine how the tokens will be distributed among participants. The founder of TapSwap recently offered some insight when asked about it, explaining that the tokenomics have been carefully crafted to foster a “fair and long-lasting” in-game economy.
As an analyst, I can’t help but emphasize the crucial role our reinvestment strategy plays in our broader approach. This strategy serves as a pillar, underpinning the worth and sustaining the demand for our token. By doing so, it significantly contributes to the long-term growth and stability of our platform.
“Ventura emphasized that our main goal is to make sure that the token provides genuine use and worth within the TapSwap network,” he explained.
Ventura openly admitted the challenges of keeping users following an airdrop for fresh initiatives, yet emphasized that TapSwap aspires to consistently provide value to its userbase and aims to maintain an active community involvement.
“We’re enhancing our platform by introducing novel functionalities and collaborations aimed at enhancing the usefulness of our token. This should make it more enticing for users to keep their investments here. Furthermore, by nurturing a vibrant, involved community, we aim to maintain user interest and commitment over an extended period.”
Naz Ventura, TapSwap founder
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2024-08-23 14:04