Tapswap, a crypto game where players tap to earn rewards, has become incredibly popular since its launch in February 2024.
Tapswap, a new crypto clicker game, has quickly become one of the most popular games of its kind since launching in February 2024. With 67 million users and 18 million playing daily, the game has also attracted a lot of attention for promising users its native TAPS token. While the token generation event (TGE) for the TAPS token is still scheduled for the end of Q3 2024, the airdrop — a free distribution of these tokens to players — has yet to take place.
Clicker projects like Tapswap typically operate on an airdrop model, where users completing tasks and earning in-game coins have come to expect exchanging them for project tokens upon release. While this approach isn't new, the sheer scale of TapSwap's user base — comparable to the population of France or about 0.8% of the global population — necessitates a fundamentally different approach to airdrops.
Calculating token allocations for such a vast user base is a herculean task. TapSwap must consider a multitude of factors beyond just the amount of in-game currency earned. These include the frequency of app check-ins, the number of referrals, and various other user actions. When these calculations are multiplied across millions of eligible users, the complexity becomes evident.
This intricate process explains why the Token Generation Event (TGE) often takes longer than the community expects. For instance, Hamster Kombat, which initially announced its airdrop for July, hadn't released the token by mid-August. TapSwap, while never publicly committing to a specific month, has consistently maintained that the TGE will occur in Q3, which includes August and September.
While users’ eagerness to receive their tokens is understandable, the crypto industry has witnessed numerous examples of rushed airdrops that ended in disappointment. Inadequate time spent on designing tokenomics can result in users feeling shortchanged for their efforts. TapSwap's approach prioritizes thorough planning to ensure a fair and satisfactory distribution.
According to recent communications from TapSwap, the project's tokenomics is nearing completion. The team is currently in discussions with multiple exchanges and platforms.
“We actively communicate with Tier-1 exchanges and have received positive feedback on their collaboration. Once finalized, we will update you on these efforts.”
The team has also emphasized that “A significant portion of all tokens will definitely be allocated to the community.”
TapSwap also recognizes that a successful airdrop extends beyond the initial token distribution. Sustaining the token's price post-TGE requires ensuring the project’s tangible value and long-term utility. To this end, TapSwap has announced plans to venture into SocialFi and AI fields, as well as launching a quest platform to assist other Web3 projects in scaling.
The team elaborated on these plans, stating:
“We plan to launch an interactive platform with a user-friendly interface to grow the community and the token after the airdrop. This platform will help build communities for Web3 projects and facilitate networking, marketing, and user-generated content. We believe TapSwap will become a leader in community building and marketing.”
As the TapSwap airdrop approaches, the project has outlined several criteria that will influence users’ reward allocations. These include:
TapSwap has emphasized its commitment to rewarding genuine engagement, stating that they filter out bots, multiple accounts, and abusers to ensure only real players benefit from the airdrop. While the exact date of the snapshot remains undisclosed, it is confirmed to occur within Q3 2024.
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