Nigerian internet users have been alarmed by news of a crypto mining project using Telegram, which offers enormous financial returns similar to Notcoin.
The project offers its contributors an opportunity to earn Tap tokens by engaging with the Tapswap Telegram bot in a fun and game-like fashion, making crypto mining less technical and more fun!
TapSwap, as per its official Twitter Account, is a Solana-based crypto exchange with low fees, high throughput rates, and appealing features such as staking and margin trading.
Decentralized finance (DeFi) project that leverages the Solana blockchain for cryptocurrency exchange.
The Tapswap mining project has gained tremendous traction within Nigeria, with millions of Nigerians participating in its mining process. We will explore the Tapswap mining process and explain how interested parties can participate.
Highlights:
| Aspect | Description |
|---|---|
| Project | The native token of TapSwap has a maximum supply of 1 billion tokens. Distribution: 50% to the community, 30% for development, and the remainder to team, advisors, and liquidity support. |
| Functionality | Users earn Tap tokens by engaging with the Tapswap Telegram bot in a game-like fashion. |
| Platform | Solana-based crypto exchange with features like staking and margin trading. |
| Popularity | Gained traction in Nigeria with millions participating. |
| Mechanics | Earn Taps tokens by tapping an icon on the Telegram bot. Advance through leagues, unlock boosters, complete tasks. Invite friends for bonuses.<br>- Collect coins to exchange for Taps tokens on the Solana blockchain. |
| How to Start | Download Telegram, activate the Tapswap bot, and start tapping the screen. |
| Tap Token | The native token of TapSwap with a maximum supply of 1 billion tokens. Distribution: 50% to the community, 30% for development, and the remainder to team, advisors, and liquidity support. |
| Value and Trading | Current price: NGN 1.57 (Coinbase) and NGN 1.71 (Coingecko). Contributors can exchange earned coins for Tap tokens. |
| Concerns | Lack of information about the project team. Uncertainty about the future value of Tap tokens. |
| Potential | TapSwap may create a decentralized exchange on Solana, indicating its potential value and importance in the blockchain ecosystem. Success depends on utility and value offerings. |
| Risks | Engaging with Tapswap involves risks due to lack of transparency about the team and potential future value of the token. |
What Is Tapswap?
TapSwap is a DeFi project similar to Notcoin; the primary difference is that Notcoin operates on the Ton blockchain while TapSwap runs on the Solana network.
Although no information about the team behind this new coin exists, its creators claim to have amassed 17 million community members worldwide, surpassing Notcoin as the Telegram community with the highest user count (6.56 million).
How It Works
TapSwap allows users to earn Taps tokens by engaging with its Telegram bot interface, making mining possible with just a tap on an icon on its interface.
Coin mining mechanics are similar to NotCoin: coins can be mined by tapping the icon in the center of the screen and tapping continuously until enough coins have been mined for mining. Users can rapidly climb through ranks, earn more coins, and outperform users from different leagues, depending on how often they tap.
Unlock boosters and complete tasks to maximize coin earnings. For additional tokens, invite other users and receive bonuses!
- Tap-to-Earn: Users mine coins by tapping the appropriate icon at the center of the Telegram Tapswap bot screen.
- Leagues: Participants can advance through leagues to earn more coins and outperform others in terms of performance.
- Unlock boosters and complete tasks to maximize coin earnings.
- Friends: Players can invite other users and receive bonuses by helping their friends rise the leagues for greater coin rewards.
- Goal: Your objective is to collect as many coins as possible and exchange them for Taps tokens on the Solana blockchain.
How To Start
Download the Telegram messaging app onto your phone. Click this link and activate the Tapswap Telegram Bot; follow its instructions, and start engaging it by tapping your screen.
Once a point is earned, it will determine your level and ranking in the league of players according to how many taps are collected.
Earning is solely determined by how many taps you earn!
What Is a Tap Token?
The activity aims to collect as many Tap tokens as possible and exchange them later this month for $TAP coins when their launch on the Solana blockchain occurs.
TapSwap differs from Notcoin by capping the maximum token supply at 1 billion. To make its tokens even more valuable and attractive, this project has allocated 50% to active community members, 30% for platform development treasury funding, and the remainder to the team, advisors and liquidity support members.
So, you are competing for one of the 500 million coins available to community members.
Tapswap Coin Mining
Tapswap coin mining refers to any activity undertaken by users in order to earn tokens that can then be traded in for Tapswap tokens on the Solana blockchain.
Mining involves engaging with the Tapswap Telegram bot by tapping its interface repeatedly while earning score points to rank users according to the number of taps made on its interface.
Attractive and enjoyable form of crypto mining that does not require complex hardware and technical expertise.
What to Know
The Taps token is the native token of the TapSwap ecosystem and has a maximum supply of one billion tokens; it serves as the medium for transactions and governance within this platform.
According to Coinbase, Tap (XTP) is currently priced at NGN 1.57 per token, while Coingecko estimates its worth as being N1.71. Those contributing to the Tap to Earn Tapswap mining project can exchange their earned coins for real Tap tokens that they may sell or keep as part of an investment portfolio.
The distribution strategy of 1 billion maximum tokens of Tap entails allocating 50 percent to active community members, 30 percent for platform development through the Treasury, and the remainder between team, advisors, and liquidity support.
What will the worth of the TapSwap coin be?
Yes, the ultimate question for TapSwap coin value will be how much it will be worth over time.
No one can say for certain. Although the project appears attractive with an intriguing development plan, its future prospects remain clouded due to the lack of an identifiable project team.
Reports indicate that the TapSwap team may plan to create a decentralized exchange on the Solana network, often used as an indicator of its importance within the blockchain ecosystem. Utility and value offerings often mark successful digital currency efforts.
Analyzing these factors, TapSwap will likely prove valuable; the trick lies in riding its wave without overthinking what its worth may be.
