Tapswap price holds steady at $0.07 after airdrop
Tapswap price holds steady at $0.07 after airdrop
The price of Tapswap’s token wavered on Monday following the launch of its highly anticipated airdrop, underscoring the volatility in the emerging tap-to-earn sector. At the time of writing, the Tapswap (TAPS) token was trading at approximately $0.07058, with a market capitalization of $34 million.
In a detailed update on social platform X, the developers revealed that the token allocation was structured with 5% earmarked for strategic investors, 40% designated for the community, 20% reserved for community rewards, another 20% allocated to the treasury, and 10% granted to the team—subject to a cliff unlock period spanning from 12 to 36 months.
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Shifting platforms and future prospects
Initially, Tapswap intended to launch on the popular BNB Chain, home to millions of users and leading decentralized exchanges like PancakeSwap, Uniswap, and Thena. However, regulatory pressures from Telegram forced a pivot to the TON blockchain. Consequently, the token became available only on Bitget and STON.fi, the largest decentralized exchange on TON, which likely contributed to the price fluctuations. Notably, no tier-one exchanges such as Binance or Coinbase have yet confirmed plans to list TAPS.
Looking ahead, Tapswap aims to become the largest gaming platform on Telegram by leveraging its tap-to-earn game and introducing a new skills-based game to increase token utility. The project hopes that its ten million weekly users will transition to the new ecosystem, despite challenges observed in comparable projects like Hamster Kombat and Notcoin—both of which experienced dramatic post-airdrop declines.
As the crypto market continues to evolve, investors and analysts remain cautious. The performance of Tapswap will be closely monitored, especially with the upcoming Pi Network mainnet launch scheduled just two days after the airdrop, potentially setting a new benchmark for tap-to-earn projects.
