TapSwap airdrop, originally set for July, has been delayed again to Q3 due to ongoing platform development and talks with tier-1 exchanges.
The developers mentioned in a relatively vague X post that they were working on “a plethora of exciting news and announcements,” but they did not specify the date of the airdrop.
The most recent statement is noteworthy due to the fact that TapSwap’s airdrop was originally scheduled for July. Subsequently, it was postponed until “sometime in Q3,” which encompasses the months of July through September.
The developers explained that they were in the process of working on the platform and engaging in discussions with tier-1 exchanges regarding the listing, which is why the July postponement was necessary.
Consequently, the likelihood of the developers launching the airdrop is low, as they are currently working against the timetable and time is not on their side.
The ongoing airdrop delay is comparable to that of Pi Network, the innovative tap-to-earn platform that attracted more than 30 million users. Miners have continued to accumulate tokens that they are unable to convert into fiat currencies such as the US dollar since the tokens were introduced in 2018.
Tapswap, which boasts a user base of more than 70 million, operates under the same business model as other micro applications, including Hamster Kombat and Notcoin. By accomplishing straightforward tasks, such as watching YouTube videos and following the app’s social media accounts, users can accumulate tokens. This is accomplished by tapping a button on the app.
TapSwap’s social media accounts have garnered significant popularity among users as a result of these activities. Its X account has 6.4 million followers, while its YouTube channel has more than 6.08 million subscribers.
The majority of tap-to-earn applications adhere to a consistent roadmap in order to achieve their airdrop. For instance, Hamster Kombat and Catizen initially collaborated with exchanges such as OKX, which provided pre-market futures trading. TapSwap has not implemented these measures or disclosed the exchanges that will list its token.
The developers have observed the performance of the recently introduced Telegram coins, which is a probable explanation for the delay.
Catizen has lost the majority of its initial gains, while Notcoin has declined by more than 70% from its all-time high. In addition, Pixelverse and Avecoin have also withdrew.
Simultaneously, it is suspected that the developers are generating substantial revenue from YouTube, where their videos have amassed more than 441 million views.
After the airdrop, the primary obstacle for tap-to-earn and play-to-earn platforms is the expansion of their ecosystems. Users frequently abandon the platform when the token declines, as is the case with Axie Infinity and Decentraland.
