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JUST IN: Again, Tapswap Postpones Token Allocation

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A popular tap-2-earn app, Tapswap, powered by TON Blockchain, has said the token allocation to users has been postponed to quarter three of the year.

The app, which required users to repeatedly tap the icon in the centre of the Telegram Tapswap bot screen to mine coins, recently gained momentum among Nigerians tapping on their phone screens in pursuit of financial earnings and has amassed over 50 million users since it launched on February 15, 2024.

The management said it decided to move the share-to-token exchange event scheduled for July 1st to the third quarter to better serve its players.

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In a series of threads created on X, on Monday, to share what it described as ‘bad and good news’ for its players, the management said it is in active talks with tier 1 exchanges around the world to price the highly ranked game from the prey of scammers and leaders in web3 industry who are moved by the successes the game had attracted.

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We’ve got some bad and really good news for you at the same time: our team has decided to move the date for the Shares-to-Token exchange event. You might wonder, what’s good about that? Just FUD

“Not exactly. The whole point is that you’ll benefit from this. Let us explain how:

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“Recently, there’s been a lot of buzz around Tapswap, especially about listing on tier 1 exchanges, a massive drop, and more. And it’s no surprise: the project has become one of the major players globally, ranking at the top. This kind of attention attracts not just scammers but also leaders in the web3 industry.

“So, not all rumours are just rumours. The Tapswap team is actually in active talks with tier-1 exchanges!

“And they are thrilled with you – our community! Isn’t this what we’ve been tirelessly working towards together?”

The management further reiterated its effort to devote a high level of attention to the task, which requires much more detailed work on tokenomics and the right launch strategy.

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“However, this success comes with some ‘inconveniences’. This level of attention requires much more detailed work on tokenomics and the right launch strategy. And that means extra time.

“But know that this is all to ensure that our launch in Q3 is fair and, more importantly, profitable for all of you who stand by us no matter what,” it added.

Tapswap, however, charged its players to be happy about the bigger news in the future while appreciating the support and feedback gotten from them.

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“So, as you can see, there are plenty of reasons to be happy about this change. And very soon, we’ll give you some even bigger news about our future, tier 1 partnerships, and the drop itself!

“We really value your support. And we truly listen to your feedback, so don’t forget to share it in the comments. Together, we’ll keep reaching higher and higher levels!

The PUNCH reports that Tapswap postponed its token launch date, which was scheduled for July 1st, indefinitely.

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This was disclosed by the Head of Communications of the gaming firm, John Robbin, on June 20, 2024.

Before the aforesaid disclosure, it announced that its coin allocation date would be July 1st after it couldn’t establish a date in May because of too many bot accounts that they are working on separating from the authentic gamers.

According to Robbin, the method of token allocation has not yet been ascertained, stressing that the processes cannot be communicated before the allocation.

“The token launch was postponed from July 1. The new date will be communicated.

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“We will allocate a significant part of the tokens to the community to retain the tappers. We want you all to be part of the tapswap community.

“We need a token airdrop to be a win-win for all of us. We have started communicating with many exchanges and platforms,” he said.

Nigerians, including young and old, have been obsessively tapping on their phones, with some asserting that they are waiting for the tokens to be allocated to buy cars and houses of their choice from the many taps they have accumulated.

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In a viral clip, a Keke driver was seen tapping away on his phone with one hand while simultaneously steering his moving vehicle and transporting passengers.

Another viral video showed several traders in Northern Nigeria tapping vigorously on their screens.y

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Three Nigerians sentenced To 235 Years In US Prison

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A court in Mississippi, United States of America has sentenced three Nigerians to 235 years in prison.

The jury found all the three personguilty of mail fraud, wire fraud, identity theft, credit card fraud and theft of government property.

Oladimeji Seun Ayelotan, 30, was sentenced to 95 years in prison, while Rasaq Aderoju Raheem, 31, got 115 years jail term.

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Also, Femi Alexander Mewase, 45, received 25 years in jail.

They were convicted for running online scams.

They were said to have duped people of tens of millions of dollars.

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Deadly Blaze Kills Even In France

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An apartment building blaze early Thursday killed seven people in the southern French city of Nice and police were investigating the fire as a possible arson, authorities said.

The dead include three children – 5, 7 and 10 years old – and a 17-year-old teenager who tried to escape by jumping from a window, they said.

The apartment was occupied by a family believed to have Comoran origins, the regional prefect Hugues Moutouh said, referring to the southern African island nature.

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Ten people were inside when the fire broke out.

Rescuers were alerted at around 2:30 am (0030 GMT) to the blaze on the seventh floor of the building in the low-income neighbourhood of Les Moulins, known for being a drug-dealing hub, in the west of the city.

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In spite of the substantial resources deployed, “unfortunately seven people died during this fire”, firefighters said.

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Interior Minister Gerald Darmanin said on social media that the quick arrival of firefighters “probably prevented more deaths”.

Nice prosecutor Damien Martinelli said investigators were looking into a “criminal” cause for the fire.

“In light of the initial evidence, I have opened an investigation into acts of arson leading to death,” he told reporters at the scene.

The authorities said the blaze probably broke out on the building’s second floor and spread to higher floors.

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Rescuers said that three people were taken to hospital, one of them with life-threatening injuries.

They said firefighters were confronted by a “raging apartment fire” on the seventh floor of the building. They carried out three aerial ladder rescues and evacuated dozens.

In total, 25 fire engines and 72 firefighters tackled the fire.

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Twenty people were evacuated to a temporary shelter, with Nice Mayor Christian Estrosi saying a crisis unit to help anyone affected by the fire.

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Biden Speaks Of Quitting Presidential Race If…

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US President Joe Biden said he could drop his reelection bid if doctors found he had a medical condition, as a top Democrat on Wednesday urged the 81-year-old to step aside.

Biden’s comments were the first time he has even slightly opened the door to abandoning the White House race, and came as Representative Adam Schiff, a key ally from California, urged Biden to “pass the torch.”

“If I had some medical condition that emerged, if somebody, if the doctors came and said ‘you’ve got this problem, that problem,’” Biden told the Black media outlet BET in an interview taped Tuesday, when asked what could make him rethink.

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Biden however defended his decision to stay on for a rematch with Republican Donald Trump in November, and explained why he had not handed over to a younger generation after one term.

READ ALSO: Biden Falters In Fiery Debate With Trump

“I said I was going to be a transitional candidate, and I thought I’d be able to move on from this, pass it on to someone else,” he said. “But I didn’t anticipate things getting so, so, so divided.”

Biden has been fighting for political survival since a disastrous debate against Trump nearly three weeks ago, in which his tired and confused appearance sparked concerns about his age.

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Schiff became the first Democrat to call for him to step aside since the assassination attempt against Trump on Saturday, which had briefly silenced the growing chorus against Biden.

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A second Trump presidency will undermine the very foundation of our democracy, and I have serious concerns about whether the President can defeat Donald Trump in November,” Schiff said in a statement to the Los Angeles Times.

Schiff, who is expected to win a Senate seat this November, is a key White House ally in the legislature and shot to nationwide prominence as lead prosecutor during then-president Trump’s first impeachment trial.

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Biden was set to make a fresh attempt to prop up his candidacy in a speech to crucial Latino voters in the battleground state of Nevada later Wednesday.

– ‘Pretty damn good’ –

Around 20 House Democrats and one senator have now called on Biden to leave the White House race but Biden has refused, insisting he is best placed to beat Trump.

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Biden, Trump agree to election debates in June, September
Most polls show Biden trailing in a tight race, with Trump pulling ahead in key swing states but no dramatic movement since the debate debacle or shooting.

Biden said his mental acuity was “pretty damn good” in an NBC interview on Monday, one of a series of unscripted outings aimed at showing he has what it takes.

With pressure on Biden mounting, Democrats said on Wednesday they plan a virtual nomination for the president in the first week of August, ahead of the Democratic National Convention (DNC) on August 19.

Some Democrats have slammed the scheme, accusing the party of trying to ram through Biden’s candidacy and avoid a full discussion of alternative choices.

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Party chiefs say they need to carry out the virtual roll-call by August 7, which is the deadline set by the Republican-led state of Ohio for the submission of nominations.

Biden otherwise risks not being on the ballot in Ohio, the home state of Trump’s new running mate J.D. Vance.

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While Ohio’s governor has signed a law giving Biden more time, the DNC said it feared further legal challenges.

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“None of this will be rushed,” the heads of the DNC’s rules committee said in a letter to lawmakers obtained by AFP. “No matter what may be reported, our goal is not to fast-track.”

But several lawmakers are planning to sign a letter against the virtual nomination plan and others have criticized it, according to US media.

Biden insists that Democratic voters support him, but a poll by the Associated Press and NORC Center for Public Affairs Research said Wednesday that nearly two-thirds want him to step aside.

 

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