Is Tapswap’s Airdrop the Next Big Thing or Just Another Crypto Fiasco? 🤔

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Ah, Tapswap! The illustrious tap-to-earn platform that has taken residence in the bustling corridors of Telegram, is finally preparing to unveil its long-awaited token generation event. One can almost hear the collective sigh of relief from the crypto enthusiasts, as if they were waiting for a bus that never quite arrives.

In a rather optimistic proclamation on X, the developers of Tapswap have announced their grand plans to launch a staking platform ahead of the airdrop. Yes, dear reader, a staking feature that promises to allow TAPS token holders to earn passive income while simultaneously supporting the network. Because who wouldn’t want to earn money while doing absolutely nothing? 😏

But wait, there’s more! The developers are also concocting a new skill-based game, a delightful little distraction where users can earn rewards. This game, much like a magician’s rabbit, is expected to appear either before or shortly after the token generation event, which, in a stroke of romantic irony, is scheduled for Valentine’s Day. Nothing says love like a cryptocurrency airdrop, right?

Staking Made Simple with @tapswapai!

With our upcoming platform, you can grow your earnings and support the TapSwap ecosystem by staking $TAPS tokens. Earn passive rewards while enjoying gaming on the go 🎮.

Your $TAPS, your future. 🚀

— tapswap (@tapswapai) January 29, 2025

Now, Tapswap is determined to sidestep the blunders of its predecessors—those unfortunate tap-to-earn networks like Hamster Kombat (HMSTR), Catizen (CATI), and Notcoin (NOT). These tokens have plummeted by over 70% from their airdrop highs, leaving a trail of lost millions and disillusioned users in their wake. A veritable crypto graveyard, if you will.

According to the oracle known as IntoTheBlock, Hamster Kombat now boasts a mere 4 million holders, a staggering drop from over 300 million during its airdrop. Catizen and Notcoin, too, have seen their numbers dwindle to 1.6 million and 2.8 million holders, respectively, down from the dizzying heights of over 40 million in 2024. It’s a tale as old as time, or at least as old as the last crypto bubble.

Tapswap’s cunning strategy for retaining users involves the development of a simple skills-based learning game, where TAPS holders can continue to engage. The staking element, a cherry on top, adds to the token’s utility, providing holders with an incentive to earn passive income. Because who doesn’t love a little extra cash while they’re at it?

Will TAPS price rise or fall after the airdrop?

Ah, the million-dollar question! It is still too early to predict whether the TAPS price will rise or fall following the much-anticipated token generation event in February. But let’s not kid ourselves; several indicators suggest that the token could very well take a nosedive after the airdrop.

First, history has shown that most Telegram-based tokens experience a sharp decline post-airdrop, with only a minuscule percentage of holders remaining in profit. For instance, a mere 0.59% of HMSTR holders are currently basking in the glow of profitability, according to IntoTheBlock. Talk about a dismal return on investment!

Secondly, historical trends reveal that most “to earn” tokens lose value over time. Play-to-earn tokens like Decentraland, Axie Infinity, and Gala have all succumbed to the cruel hand of depreciation, dropping by double digits from their all-time highs. Similarly, move-to-earn tokens like StepN and Sweat Economy have also seen their fortunes dwindle post-airdrop. It’s almost as if there’s a cosmic law governing the rise and fall of these tokens.

Lastly, many Tapswap holders are understandably frustrated by the seemingly endless delays of the airdrop. Initially slated for July 2023, the airdrop was postponed to the third quarter, then to January 2024, and is now set for mid-February. One can only imagine the collective eye-rolling among the holders, who may very well decide to sell their tokens immediately upon listing, especially after witnessing the dismal fates of similar tap-to-earn tokens.

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2025-01-29 18:42