As discussions about virtual and digital currencies become more widespread, numerous platforms are appearing, claiming to reward users with crypto points that can be converted into cryptocurrencies for profit.
Among these, TapSwap has quickly garnered significant attention and has become arguably the most popular.
TapSwap uniquely blends gamification with token accumulation, distinguishing itself in the crypto space.
It is the leading Telegram-based crypto project in terms of participant numbers, surpassing other Telegram-hosted crypto projects like Blum and Hamster Kombat.
TapSwap coin mining involves a series of activities that allow users to earn tokens, which can then be exchanged for Tapswap tokens on the Solana blockchain.
Like other clicker games, this process requires users to interact with the TapSwap Telegram bot, repeatedly tapping its interface to accumulate score points.
These points rank users based on the number of taps, with the number of clicks determining the amount of Tapswap tokens (or coins) a user receives.
This innovative and engaging form of crypto mining does not require complex or costly hardware or technical expertise.
Olumide Adesina, a financial market analyst at Quantum Economics, told TimesNow.com.ng that Nigeria’s high unemployment rate strongly incentivises the typical citizen to use TapSwap.
He said:
As TapSwap garners significant attention and users, its recent changes have led many cryptocurrency experts to question the legitimacy of the Telegram coin mining app.
Failure to launch: The project has repeatedly failed to launch despite setting several scheduled dates. Initially announced for May 30, the launch was postponed to July 1, yet it still hasn’t occurred. For many former enthusiasts, this was the first red flag.
Chima Uzoamaka, a marketing officer with a Lagos-based crypto platform, told TimesNow.com.ng that TapSwap’s frequent postponement of launch dates makes one sceptical.
He said:
Coin doubling feature: To retain user interest, TapSwap introduced a coin-doubling feature. Users could double their tokens by purchasing with one TON coin, approximately six dollars.
Though common in the crypto world, the timing and execution of this feature heightened scepticism about the project.
Owners unknown: A check on WHOIS (a query used to check ownership of a website) revealed that the website’s owner’s identity is concealed. Although there can be legitimate reasons for maintaining anonymity, it raises a red flag in this case.
Dubawa, a fact-checking platform, said this about TapSwap’s secret ownership:
Departure from Solana: TapSwap initially promoted its association with Solana, a respected blockchain known for its speed and efficiency.
