The price of tapswap on Monday ended on Monday after the highly popular Tap-to-EN-Kamai platform launched its aircraft or token generation event.
Tapswap (TAPS) was trading at $ 0.07058, which was slightly above its initial price. According to Coinmarketcap, its market cap was $ 34 million, which became much smaller than other tap-to-cum tokens such as HMSTR (HMSTR) and Notcoin.
In a long X thread, developers stated that 5% tokens were allocated to strategic investors, while the community received 40%. Another 20% tokens were set separately for community awards, with the same amount for its treasures. The team received 10% of the allocation, with a cliff unlock period from 12 to 36 months.
The possibility of the price of tapswap was havoc as it was only available on bitt and stone. Any tier -1 exchanges such as binance or coinbase have announced a plan to list tap tokens.
The developers initially planned to launch on the more popular BNB series including millions of users and some top decentralized exchanges, including pancakexwap, uniswap, and thaya. However, Telegram insisted that all the games within its ecosystem would have to be listed on ton blockchain.
The purpose of Tapswap is to become the largest gaming platform on Telegram. In addition to their tap-to-ANN game, developers are working on a skill-based game that will provide additional utility for tokens. He hopes that its ten million weekly users will infection in new skills games.
Tapswap price further faces big challenges
Tapswaps face significant challenges. Most of its top contestants, including Humster Combot and NotCoine (not), have seen their token values after their aircraft. All have recorded a decline of more than 80% from their all -time high as the holders sold their tokens and the new buyers hesitated.
The Hamster Combat, especially, was one of the greatest disappointments in the tap-to-age industry. It collected more than 300 million users and broke the record for YouTube customers before its token collapsed.
The challenges of tapswap mirror people faced by other “two-Kamai” tokens, many of which have fought after their early launch. Station, sweatcoins and step apps such as move-to-Kamai tokens, as well as play-to-kamai coins such as Illuvium, Big Time and Exi Infinity, have all seen their values crash post-launch.
Similarly, many recent aircraft tokens, including people with utility, such as grass, wormhole, zksync and berachain, have also declined significantly.
Tapswap’s aircraft came two days before the much awaited PI network Mennet launch. PI is also a tap-to-EUN coin where users are rewarded for mining of tokens through the app.
