TapSwap token goes live, lists on major exchanges

TapSwap has officially launched its Token Generation Event (TGE), with its TAPS token now trading on major exchanges, including Bitget and MEXC. The token debuted at $0.0762 and has an estimated market capitalization of $34 million.

Massive Airdrop and Investor Reactions

Following the airdrop, early users have begun claiming and trading their tokens. While interest remains high, analysts caution that similar tap-to-earn projects have dropped significantly post-launch prices.

Switch to TON Blockchain

Originally set for BNB Chain, TapSwap migrated to the TON blockchain due to Telegram’s policy requiring mini-apps to operate within its ecosystem. This move aims to boost adoption and streamline integration with Telegram’s vast user base.

Future Developments and Token Allocation

Developers plan to launch a skill-based gaming platform in April, expanding the TAPS token’s utility. The token distribution breakdown includes:
– 40% allocated to the community
– 20% for community rewards
– 20% to the treasury
– 10% to the team (locked for 12-36 months)
– 5% to strategic investors

With TapSwap now fully operational, the crypto community is watching closely to see if  TAPS can sustain its momentum or follow the volatility trends of previous tap-to-earn projects.