What is TapSwap? Is it legit or just another crypto scam? In this article, we’ll peel back the layers and give you an unbiased look at what TapSwap has to offer to over 60 million users.
What is TapSwap?
TapSwap is a cutting-edge crypto exchange built on the blazing-fast Solana blockchain. It’s not your ordinary exchange though. TapSwap stands out with its super low fees and lightning-quick transaction speeds thanks to Solana’s high throughput.
But wait, there’s more! TapSwap also offers exciting features like staking (earn rewards for holding tokens) and margin trading (amplify your trades). By harnessing the power of Solana, TapSwap delivers an ultra-smooth and efficient trading experience that leaves other exchanges in the dust.
And here’s the real kicker – TapSwap pioneered a revolutionary “Tap-to-Earn” crypto mining game that makes earning crypto fun and accessible to everyone!
What is the The Tap Token?
At the heart of the TapSwap ecosystem lies the Tap token (XTP) – the native cryptocurrency that powers the platform.
There’s a maximum supply of 1 billion XTP tokens, making it a scarce and valuable asset.
50% of the total XTP supply is allocated to active community members through innovative mining and engagement programs.
30% is reserved in the treasury to fund ongoing development and expansion of the TapSwap platform.
The remaining tokens are distributed among the core team, advisors, and for providing liquidity on the exchange.
How TapSwap’s Tap-to-Earn Mining Works
What is Tap-to-Earn mining? Imagine earning crypto just by tapping away on your phone screen! That’s the genius of TapSwap’s Tap-to-Earn mining.
By simply engaging with the TapSwap Telegram bot and tapping its interface, you can accumulate points and coins based on your tap count. Very easy!
How does it work?
The process is really simple – just keep tapping that bot interface repeatedly to rack up those score points.
As you accumulate more taps, you’ll climb the ranks and join higher leagues filled with other avid tappers.
The more you tap, the higher your ranking, and the more coins you can earn!
How to Start TapSwap Mining
Here’s a simple step-by-step guide to get you started:
- First things first, download the Telegram app on your mobile device if you haven’t already. It’s available for both iOS and Android devices, so no one is left out!
- Next, activate the TapSwap Telegram bot by clicking on this special link:
- Follow the simple instructions provided by the TapSwap bot once you’ve activated it.
- Now just start tapping away on your screen! Each tap adds to your score.
- Keep tapping to earn more points, climb the leagues, and earn those coveted coins.
- As you progress, you can unlock special boosters that’ll help you maximize your coin earnings.
- Invite your friends to join the fun, and you’ll both get bonus coins for their participation!
- The more people you bring into the TapSwap mining community, the more rewards you can earn.
Exchanging Earned Coins for Tap Tokens
Now, let’s talk about the moment you’ve all been waiting for: converting those hard-earned coins into real, tradable Tap Tokens.
According to ByBit, 1 Tap Token (XTP) is currently valued at around NGN 1.75, while CoinMarketsCap pegs it at NGN 1.61. Of course, these conversion rates are subject to change, so it’s always a good idea to double-check before making any trades.
Once you’ve got your hands on those Tap Tokens, you can choose to hold onto them, waiting for the right moment to sell, or you can trade them on various cryptocurrency exchanges like ByBit, and OKX. The choice is yours!
Read also! What is Yescoin?
Is TapSwap Legit or Scam?
Assessing TapSwap’s legitimacy is a bit of a mixed bag from my research. On one hand, they seem to have some positive signs going for them. Their 3.6 rating on Trustpilot and verified accounts on platforms like Twitter and Telegram lend a degree of credibility. The fact that they’re being compared to Notcoin, which did pay out to its miners, is also an encouraging parallel.
However, one major red flag for me is the lack of transparency around the team and individuals behind TapSwap. Not having any track record or reputation to go off makes it difficult to gauge their credibility and intentions fully. Are they an experienced, trustworthy group looking to innovate in crypto? Or are they anonymous operators looking to make a quick buck before disappearing?
Ultimately, without more information on the founders and core team, I can’t make a definitive call on TapSwap’s legitimacy. The positive user reviews and working products hint at legitimacy, but the anonymity factor is a concerning unknown variable.
As with any crypto project, thorough due diligence is very important before investing time or money. So I urge everyone to proceed with caution. Manage your risk accordingly, and don’t invest more than you can afford to lose.