As a seasoned researcher with years of experience in the crypto and blockchain space, I must admit that the ongoing saga surrounding TapSwap’s airdrop delay has been quite intriguing. Having closely followed similar projects such as Pi Network, I can’t help but draw parallels between their timelines and the current situation with TapSwap.
Players are uncertain about the token release event for TapSwap, the widely-used Telegram game that rewards users for tapping.
In a rather general update from the team behind X, they hinted at numerous thrilling updates and declarations, however, they failed to provide a specific date for the upcoming airdrop.
Dear Tapswappers,
We know you’re eagerly waiting for the DATE, but we also understand that you’re a bit busy this week (🐹).
Just a quick FYI — lots of exciting news and announcements are on the way!
— tapswap (@tapswapai) September 25, 2024
The recent announcement stands out due to the fact that the TapSwap airdrop, originally planned for July, has been pushed back to “at some point during Q3”. This quarter spans from July up until September.
To clarify the reason for the July postponement, the creators shared that they were engaged in developing the platform and negotiating listings with top-tier cryptocurrency exchanges.
Due to the tight deadline, it’s highly unlikely that the developers can release the airdrop because they are running out of time and the situation is working against them.
Dear @tapswapai, let’s cut to the chase! You mentioned Q3, and it seems we’re nearing its end without any updates. We’ve been patient, but we’d appreciate some clarity now instead of more hints. When can we expect the launch? Many thanks in advance! 🙌
— LuxuryNad (@luxurytreats247) September 25, 2024
The similarity in delayed airdrops is evident between our project and Pi Network, an innovative ‘tap-to-earn’ platform that garnered over 30 million users since its 2018 launch. Miners on this network have been amassing tokens which they are unable to swap for traditional currencies such as the US dollar.
Tapswap, boasting more than 70 million users, employs a similar business strategy to other mini-apps like Notcoin and Hamster Kombat. Users can accrue tokens by clicking a button within the app and accomplishing straightforward tasks such as viewing YouTube videos or following their social media platforms.
I’ve observed a significant surge in popularity for TapSwap’s social media platforms, with my analysis revealing that their YouTube channel boasts an impressive 6.08 million subscribers and their X account boasts an even larger following of 6.4 million users.
Most tap-to-earn apps typically adhere to a shared strategy leading up to their airdrop. For instance, Hamster Kombat and Catizen started collaborating with platforms like OKX, enabling pre-market futures trading before the launch. However, TapSwap has not yet indicated such moves or disclosed the exchanges that will feature its token.
It seems there’s a possibility that the delay is due to the developers taking notice of the significant drops in value experienced by recently launched digital currencies such as Telegram coins. For instance, Notcoin (NOT) has plummeted by more than 70% from its peak, Catizen has largely given back its initial gains, and similar coins like Pixelverse and Avecoin have also seen declines.
Simultaneously, it’s assumed that these creators are making significant income through YouTube, as their videos have amassed more than 441 million views.
As a crypto investor, I’ve noticed that one of the significant hurdles for tap-to-earn and play-to-earn platforms lies in expanding their ecosystem beyond the initial airdrop phase. For instance, I’ve personally seen this trend with Axie Infinity and Decentraland; once the token value starts to dip, users tend to lose interest and move on from the platform.
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2024-09-25 18:54