Before discussing the fundamentals of the TapSwap wave, let us share a brief refresher.
The social media space was agog last week when the anticipated launch of the viral clicker game, Notcoin finally arrived. Many ‘tappers’ took to X (Twitter) to share their wins from the popular Telegram tap-to-earn game.
Owing to the success of Notcoin, online folks who made money from the project as well as those who missed out are on the lookout for the ‘next big opportunity.’ And for most, the next likely big project that will replicate Notcoin’s success is the TapSwap.
In fairness to the believer, there is a striking similarity between both coins. The TapSwap borrows a leaf from Notcoin’s model and mode of operation.
In this explainer, I will tell you all that you need to know about the tap-to-earn game and how you can earn tokens and make money from it.
What is Tapswap?
In summary, TapSwap is a DeFi project similar to Notcoin. The only difference between Notcoin and TapSwap is that the former is built on the Ton blockchain while the latter runs on the Solana network.
Although there is no available information about the team behind the newest coin, the project claims to have 17 million community members globally. With that number, it overtook Notcoin as the Telegram community with the highest number of users (6.5 million).
There are unconfirmed reports that the project’s token will be launched on May 30. So, there is still quite some time to tap and earn.
How it works
TapSwap allows users to earn the Taps tokens by engaging with the TapSwap Telegram bot. Users can start mining by simply tapping on an icon on the Telegram bot interface.
The coin mining mechanics are similar to that of the NotCoin, Coins are mined by tapping the corresponding icon in the centre of the screen. Users can climb the ranks, earn more coins and outperform other users from different leagues depending on how much they tap.
Also, you can unlock boosters and complete certain tasks to maximize your coin earnings. To gain additional tokens, you can invite other users and receive bonuses.
What is the Tap token?
The essence of the activity is to gather as many Tap tokens as possible and exchange them for the $TAP coin when the coin has been launched on the Solana blockchain later in the month.
Unlike Notcoin, TapSwap has pegged the maximum quantity of its tokens at 1 billion, which is expected to make it more valuable and attractive. The project has also allocated 50% of the tokens to active community members, 30% to the treasury for platform development, and the remainder to the team, advisors and liquidity support.
So, you are tapping for a piece of the 500 million coins available to community members.
What will be the worth of the TapSwap coin?
Yes, the most important question is – how much will the TapSwap coin be worth eventually?
But to be fair, no one can say for sure. No denying that the project looks attractive, with a clever development plan. However, not having a known project team casts a shadow over its prospects.
Also, there are rumoured plans by the TapSwap team to build a decentralized exchange on the Solana network. More often than not, utility and value offerings is a propitious marker in the blockchain ecosystem.
Analysing these factors, TapSwap will most likely be something good. However, the thrill lies in riding the wave without overthinking what it would be worth.
To get started with TapSwap, click here.
