Jul 19
A Deep Dive Into TapSwap
This article examines TapSwap's gameplay, tokenomics, and vision, and how they all fit into the tap-to-earn gaming trend.
Blockchain gaming, which has gained strength in the past few years, accounts for 30% of all web3 dApp activity. Yet, the industry still faces huge challenges, especially in the area of user experience and accessibility. The technical complexity associated with blockchain technology means new users face a steep learning curve when trying to hop on the train.
Tap-to-earn crypto games, however, are poised to save the blockchain gaming industry. They are designed to simplify accessibility and inclusion with straightforward, casual gameplay that allows users to earn rewards with minimal effort. And 2024 has been the year of tap-to-earn gaming in the crypto space.
TapSwap, one of the revolutionary projects making waves in this space, has captured the attention of seasoned enthusiasts and newcomers alike, promising enticing opportunities. Right now, TapSwap’s token launch is imminent, and the anticipation is high. So, in this article, we examine its gameplay, tokenomics, and vision and how they all fit into the tap-to-earn gaming trend.
Rising Trend of Tap-to-Earn Gaming
Tap-to-earn games, especially the Telegram ones, have grown massively in popularity due to their simplicity and accessibility. Games such as TapSwap, Notcoin, and Hamster Kombat are not only fun to play, but they are also helping to raise awareness of cryptocurrency and web3 gaming. Tap-to-earn games are helping to break down the barriers to entry for cryptocurrency and web3 by making it easy for people to earn cryptocurrency while playing games.
On its part, Notcoin hit 35 million users a few weeks ago, while Hamster Kombat boasts over 150 million players. These games, simple and innocuous as they are, are contributing immensely to the mainstream adoption and awareness of cryptocurrencies, blockchain technology, and web3.
As the crypto gaming ecosystem continues to evolve, tap-to-earn games will need to adapt and innovate to ensure their longevity and relevance. Right now, however, they are the rave of the moment, and excitement remains high.
What is TapSwap?
TapSwap is a tap-to-earn Telegram mini-game that allows users to mine coins by repeatedly tapping an icon on the screen. Players can earn additional coins by completing specific tasks, which boosts their earnings. It is currently one of the fastest-growing crypto projects in the world, having gained over 50 million users and 18 million daily active players. TapSwap’s Telegram channel currently boasts more than 24 million subscribers.
Perhaps what’s most fascinating is that this audience, which rivals several other popular blockchain-based projects, was built within four months (TapSwap launched on February 15, 2024). Initially built on Solana, TapSwap has revealed plans to move to the TON blockchain, and there is a lot of excitement built up ahead of its token launch on July 1, 2024.
How TapSwap Works
In this section, we cover some of the key features of TapSwap, which make it an exciting game for users.
- Core Gameplay: Like every other tap-to-earn game, the core gameplay loop revolves around tapping the gold coin to accumulate points. However, they can only tap as many times as their refillable energy bar allows.
- Tasks and Missions: Players can earn additional points by completing various tasks and missions within the game. These include joining TapSwap's social media communities or registering for a Binance account, etc.
- Referral System: TapSwap has rewards tied to players inviting their friends to the game.
- Boosts: Dedicated players can purchase additional premium boosts that can enhance their tapping abilities and overall earning potential. The effects of the boosts are diverse: increased points per tap (Multitap), a larger energy bar capacity (Energy Limit), faster energy bar refill rates (Recharging Speed), etc.
- Tap Bot: TapSwap features a Tap Bot that allows for passive earning by accumulating points even when a user is not actively playing.
TAPS Token Launch and AirDrop
The TapSwap team is gearing up for the highly anticipated TAPS token launch, scheduled for July 1, 2024, as well as an airdrop planned for the end of Q2 2024. The token launch was previously scheduled for May 30 but was delayed due to malicious bots trying to corner a large share of the supply. TapSwap has made it clear that it wants to ensure a fair distribution to all participants.
Additionally, the project, which started on Solana, has shifted its blockchain platform to TON. This makes sense, considering that it’s a Telegram game, and the TON ecosystem is the one blockchain that is fully integrated with Telegram. The messaging app has contributed immensely to the rise in TapSwap’s community, as the accessibility of playing a crypto game and earning rewards, all from within Telegram is a major attracting force for users.
Although the full details of the TAPS tokenomics are yet to be released, the TapSwap team has assured its community that a significant portion of all tokens will be allocated to users. As for unscrupulous users trying to manipulate the system, the team has started identifying accounts to be banned and is considering offering a voluntary surrender option.
Team, Partners, and Future Plans
TapSwap is an independent project led by a Europe-based multinational team of 25 specialists with a diverse range of expertise in web3 and gaming. With this background, it is clear why the team’s ambitions lie in expanding the project to AI and SocialFi to create a more interactive and engaging experience for the growing TapSwap community. There are also plans to launch a new full-featured interactive platform that will facilitate the building of web3 projects by providing tools for networking, marketing, user-generated content, and so on.
Relevant Links
Making Crypto Investment Accessible to All
Flagship FYI is a platform designed to simplify cryptocurrency investments through curated expert portfolios accessible via Telegram. Established in 2016, it aims to help users manage their crypto assets effortlessly. Flagship’s FYI token is set to be launched on the TON blockchain and will offer staking rewards and fee discounts to enhance user benefits.
Disclaimer: Nothing on this site should be construed as a financial investment recommendation. It’s important to understand that investing is a high-risk activity. Investments expose money to potential loss.
