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Everyone knows that Tapswap has yet to officially launch, miners take it very seriously, with over 28 million people already in its Telegram community.
As coin miners anticipate the official launch of Tapswap, cryptocurrency expert Fidelis Ozuawala has taken the time to explain what Tapswap is and how money can be made from this popular project.
Fidelis, who runs Waptutors Academy, explains that the idea behind Tapswap is to attract as many people as possible to join the crypto project.
In his words; “Tapswap is a Telegram mobile in-app game that allows users to earn shares or points by simply tapping their screens and performing simple tasks. This idea is to gather as many users pending the release of their decentralized swapping dex (decentralized exchange).”
Launching Tapswap on an exchange
When asked what it means for Tapswap to be listed on an exchange, Fidelis explained that it means the coin would become available for trading.
His words: “”It means it would now be tradeable, you can now send your shares to an exchange and trade for real cash and new investors can now purchase and trade the tokens for profits.”
How people would make money from Tapswap
Many have dismissed Tapswap as a mere waste of time, questioning how anyone could make money by simply tapping on their phone screen. They often ask who would pay the coin miners and where the money would come from.
“It is the Tapswap team. They already made money from various tasks users performed, like joining telegram groups, joining YouTube, etc. These are many sponsorships they took money from. The most money they’ll make is listing on an exchange as this would mean over 30 million users will storm that exchange, with more than half of those being new crypto users; it’s a win-win for everyone. The exchange gets new users, the Tapswap team get money from the exchange for bringing new users, and the users get a share from huge sponsorship deals Tapswap took earlier on.”
“But how will Tapswap coin miners actually earn money from the platform after completing the tapping tasks?” Fidelis addressed this by explaining that they would ultimately exchange their tap tokens for cryptocurrency tokens.
He says; “They will make money by redeeming their points/shares and converting/trading it for crypto tokens like USDT.”
The implication of Tapswap not launching on Solana
Tapswap has announced that the project will not launch on the Solana blockchain as previously anticipated. Fidelis elaborated on the implications of this change:
“It will surely launch on another chain. I believe maybe Solana didn’t give them the support they needed, or Binance wants them to launch on the BSC (Binance Smart Chain) to enable them to list on Binance. In all it’s going to be in either BSC or Ethereum chain.”
What Tapswap miners should expect
Many individuals are anticipating significant earnings from the Tapswap project, with one Nigerian man even boasting that he would buy his mother a car after cashing out. Fidelis emphasized the importance of miners managing their expectations.
He said; “Anything is possible, as long as he has many tokens and Tapswap makes their listing price worth it.”
