Tapswap, the popular tap-to-earn app powered by the TON Blockchain, has announced an indefinite hold on token distribution as the company seeks optimal compensation strategies for its users.
The app, which launched on February 15, 2024, quickly gained traction, amassing over 50 million users who tap their phone screens to mine coins.
John Robbin, Head of Communications at Tapswap, made the announcement during an X space session on Wednesday.
He revealed that the initial token launch, previously scheduled for July 1, has been postponed. A new date will be communicated in due course.
“We are allocating a significant portion of the tokens to our community to keep our dedicated tappers engaged. Our goal is to ensure the token airdrop benefits everyone involved,” Robbin stated. “We have initiated discussions with various exchanges and platforms to facilitate this process.”
Robbin also addressed concerns about system abuse, stressing that users found manipulating the game would face bans.
He urged the community to conduct background checks and requested patience from genuine participants.
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To mine coins, users need only open the app and tap the screen. The more they tap and upgrade their app, the more shares they accumulate, which will translate into tokens once the distribution is finalized.
Previously, Tapswap introduced a booster option to accelerate coin accumulation, allowing newer users to compete with early adopters.
Although this feature has ended, Robbin noted its success in generating funds that will be reinvested into enhancing the app.
“The booster option was a way to level the playing field and ensure fair token allocation at the Token Generation Event (TGE).
“The proceeds are being used to support our 25 staff members who are working tirelessly to maintain and improve the app,” Robbin explained. “Our aim is to ensure Tapswap remains sustainable and continues to thrive for a long time.”
