TapSwap, the “tap-to-earn” cryptocurrency game, has announced another delay for the listing of its $TAPS token. The team initially scheduled the listing for October 2024 but has now postponed it to mid-February 2025. The repeated delays have made users frustrated, many of whom are questioning the project’s reliability and transparency.
TapSwap launched in February 2024 and quickly amassed over 70 million users. Players earn “Shares” by tapping their screens and can later convert these into TapSwap’s native cryptocurrency, $TAPS.
The $TAPS token has a total supply of 18 billion tokens. Early market projections estimated the token’s initial price to range between $0.03 and $0.06, potentially giving the project a market capitalization of up to $800 million. These projections, however, have become uncertain due to repeated delays.
Why The TapSwap Team Delayed The Listing?
The TapSwap team postponed the listing date after receiving advice from a Tier 1 decentralized exchange (DEX). According to the team, aligning the listing with optimal market conditions will ensure a stronger debut and long-term growth for $TAPS. The team also plans to use the extra time to roll out an influencer campaign to increase awareness and attract a larger audience.
TapSwap believes that mid-February is an ideal window for launching $TAPS, citing better market conditions and the opportunity to execute a high-impact marketing campaign.
Users Getting Frustrated Over Listing Delay
TapSwap had previously announced plans to launch its Token Generation Event (TGE) and list $TAPS by October 30, 2024. The listing was expected to provide users with trading opportunities while enabling them to convert their earned “Shares” into $TAPS tokens. However, the team missed the deadline and has now delayed the listing further.
The announcement has done little to ease tensions among TapSwap’s users. Social media platforms have been flooded with complaints, with many users accusing the project of being a scam or operating without clear direction. Some comments labeled the delay as “useless excuses,” while others compared TapSwap unfavorably to other crypto projects that launched successfully.
One user wrote, “More than a year of confusion. This is becoming a joke,” while another said, “Useless and clueless beings who have no idea what they are doing.”
Some users have also compared TapSwap to other crypto projects that failed to meet expectations like Hamster Kombat.
