TapSwap airdrop appears delayed, mirroring Pi Network

Telegram’s popular tap-to-earn platform TapSwap has left players in limbo regarding its token generation efficiency.

The developers noted in a relatively vague X post that they were working on “a lot of exciting news and announcements” but did not specify the date of the airdrop.

Dear Tapswappers,

We know you’re eagerly awaiting HISTORY, but we also understand that you’ve been a little busy this week (🐹).

Just a quick reminder: Lots of exciting news and announcements coming soon!

— tapswap (@tapswapai) September 25, 2024

The latest statement is notable because TapSwap’s airdrop was initially scheduled for July, but was later postponed to “sometime in Q3,” a period that starts in July and ends in September.

While justifying the delay in July, the developers revealed that they were working on the platform and were in talks with tier-one exchanges regarding listing.

As a result, the chances of developers launching the airdrop are very low because they are urgently racing against time as time is against them.

@tapswapai Please, enough with the trailers! You promised Q3 and we are still waiting. 🥴

Almost two weeks of silence, we don’t want another vague tweet?

When is the launch? Thanks🙌

— Luxurytreats247 September 25, 2024

The ongoing airdrop delay mirrors the delays of the Pi Network, a pioneering tap-to-earn platform that has attracted more than 30 million users. Launched in 2018, miners have continued to accumulate tokens that they cannot convert into fiat currencies such as the US dollar.

Tapswap, which has over 70 million players, uses the same business model as other mini-apps like Notcoin and Hamster Kombat: Users earn tokens by tapping a button in the app and completing simple tasks like watching YouTube videos and following social media accounts.

These activities have made TapSwap’s social media accounts quite popular among users. Its YouTube channel has over 6.08 million subscribers, while its X account has 6.4 million followers.

Most tap-to-earn apps follow a common roadmap to their airdrops. For example, Hamster Kombat and Catizen initially partnered with exchanges like OKX, which offer pre-market futures trading. TapSwap has not taken such steps or mentioned any exchanges that would list its token.

One possible reason for the delay is that developers have seen the performance of their recently launched Telegram coin. Notcoin (NOT) is down over 70% from its all-time high, while Catizen has erased most of its early gains. Others like Pixelverse and Avecoin have also pulled back.

It is also believed that the developers have made a significant amount of money from YouTube, where their videos have been viewed over 441 million times.

The key challenge for tap-to-earn and play-to-earn platforms is growing their ecosystems after the airdrop. As with Axie Infinity and Decentraland, users often abandon the platform after token withdrawals.