Just like MMM, millions of Nigerian Android users have adopted Tapswap to make magical earnings. Being an airdrop there is the risk of losing all its value after launch. The app claims to be giving away an airdrop worth between $1,000 and $20,000.
Tapswap has some serious risk factors, like potential malware, spam issues and non transparency from developers. While Nigerians are tapping in numbers for this anonymous airdrop, there is no assurance that anyone will successfully cash out.
One is also left to wonder how the platform plans to pay the huge amount people are earning from simply tapping. There are claims the money will come from investments just like other airdrops.
Is Tapswap legit?
TapSwap is one of the viral innovations of decentralized finance which uses Solana blockchain to create a fast, efficient, and secure platform for cryptocurrency exchange. Scamadviser has given Tapswap a 91% legit score which is quite high, but it seems the risk with this coin is not necessarily with if it is a scam but how secure the platform actually is.
I would personally not advise many to spend much time tapping on Tapswap and rather invest that energy on something more profitable. Though you are not investing your cash into this, you are at the risk of hack and other security breaches.
It is always wise to be careful with get rich schemes, most especially those that spring up during great economic depression like MMM did back then.
You also need to understand that cryptocurrencies are not illegal in Nigeria but firms must register in order to operate in the country. I doubt if Tapswap is registered in Nigeria, as there is no detailed information about the development team which is a big red flag in terms of project’s transparency and long-term viability.
Despite losing 87% of its value within days, Nigerians benefitted from the Notcoin airdrop campaign by participating actively in the telegram gaming activity and driving up their shares in the crypto.
This is the same scenario with the Tapswap airdrop, a lot of people are looking to earning money before it launches, though you can expect it to quickly lose a lot of value after launch.
The developers have not revealed when the token will launch, though they gave a hint that Taps pool will be launched on the 30th of May, 2024.
