NEWS
Tapswap gives fresh update on token allocation
An announcement coming from Tapswap says there would be delay in the distribution of its tokens. The allocation as been pushed to the third quarter of the year, 2024.
This report has caused disappointment among users especially Nigerians who have been actively mining coins since the app’s launch on February 15, 2024.
The Tapswap app has gained popularity, gathering over 50 million users globally.
Originally, the token exchange event was scheduled for July 1st.
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However, Tapswap management decided to shifted it to “ensure better service for its users.”
In a series of threads on X, the management described the situation as both “bad and good news.”
They are currently in discussions with tier 1 exchanges worldwide to ensure appropriate pricing and protection from scammers.
The announcement read: “We’ve got some bad and really good news for you at the same time: our team has decided to move the date for the Shares-to-Token exchange event. You might wonder, what’s good about that? Just FUD? Not exactly. The whole point is that you’ll benefit from this. Let us explain how.”
The management emphasized the need for detailed work on tokenomics and an appropriate launch strategy, requiring extra time.
“However, this success comes with some ‘inconveniences’. This level of attention requires much more detailed work on tokenomics and the right launch strategy. And that means extra time. But know that this is all to ensure that our launch in Q3 is fair and, more importantly, profitable for all of you who stand by us no matter what,” the announcement continued.
Tapswap told its users to stay positive about what would happen in the future and thanked them for their support and feedbacks.
“We really value your support. And we truly listen to your feedback, so don’t forget to share it in the comments. Together, we’ll keep reaching higher and higher levels,” they concluded.
