The cryptocurrency space is buzzing with the impending launch of Tapswap, a decentralized exchange on the Solana blockchain that has drawn comparisons to the successful Telegram-based gaming project, Notcoin (NOT).
As the countdown to the TapSwap token (TAPS) launch at the end of this month nears, market participants are speculating whether this hyped-up token could follow NOT token footsteps and potentially create a new wave of crypto millionaires.
What is TapSwap and how can you earn from it?
Entering the booming crypto ecosystem is TapSwap, a new Solana-based project that promises to revolutionize the world of decentralized finance (DeFi). The project is said to be a decentralized exchange on the Solana blockchain with a native token represented as TAPS.
Akin to the recently launched Notcoin project, TapSwap rolled out a Telegram-based game where players can tap to accrue points that will be converted to TAPS on the Token Generation Event (TGE).
To participate in the crypto mining game and get positioned for the TAPS token launch, visit the TapSwap Telegram bot to join millions of players to tap and earn.
According to the anonymous developers, the biggest part of TAPS distribution will occur among the token miners or players of the Tapswap Telegram-based game. Also, the team revealed that TAPS pool will be launched on May 30, implying the end of its mining.
While the technical details of Tapswap’s utility are still emerging and TAPS tokenomics is yet to be determined, its fast-approaching launch has been met with significant anticipation, drawing comparisons to the Notcoin mania.
Like Notcoin, Tapswap employed the tap-to-earn mining mechanic, with participants surpassing 12 million on May 22, which is Bitcoin Pizza Day 2024. The enticement of TAPS potentially replicating Notcoin’s success has caught the attention of both crypto experts and newbies.
Read Also: 5ireChain Mainnet to launch in June, 5ire introduces Incentivized Testnet Airdrop campaign
Notcoin pioneers tap-to-earn crypto mining
Notcoin started as a viral Telegram game that onboarded over 35 million users into the crypto market through a tap-to-earn mining mechanic. Minted on The Open Network (TON), its native token NOT was launched on May 16, 2024.
Listed on top crypto exchanges on its debut alongside some farming campaigns, the memecoin rose to a high of $0.037 on Binance, resulting in thousands of dollars in profits for many individuals. However, NOT price has been in a downtrend in the past 24 hours as some Notcoin holders continue to dump their tokens. Trading at $0.005306 at press time, NOT is down by over 3.6% in the past 24 hours.
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