Telegram-based TapSwap has announced that its skill-based gaming platform will launch this month, with its token generation event (TGE) slated for November 30.
The platform rewards players based on in-game achievements, offering TAPS, TapSwap’s native token, as compensation.
TapSwap to Address Current Tap-2-Earn Problems
TapSwap’s platform is set to launch with the goal of connecting players eager to earn from their gaming skills with developers introducing new projects. This approach aims to create an ecosystem where users can monetize gameplay while developers engage a targeted audience, boosting both visibility and revenue growth.
In the early post-launch phase, TapSwap plans to debut its own proprietary games. A broader rollout in 2025 that will open the platform to external developers. This phased approach ensures players can enjoy a streamlined profit-sharing system, offering new earning opportunities through gaming.
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TapSwap’s ecosystem will include a user-friendly dashboard where players can access available games, track leaderboards, and view other players’ achievements. In the initial launch, rewards will be distributed in TapSwap’s in-game currency. Later, players will be able to enter training mode to practice and improve their skills before joining competitive contests.
“We’ve analyzed the post-launch performance of tokens from other tap-to-earn games and found that they often struggle to sustain value. The classic pattern is a Tap-to-Earn token losing most of its value immediately after its first listing on a centralized exchange, distorting the incentive to stay with the project for the long run and contribute to healthy ecosystem development. To address this, TapSwap has built a gaming platform that adds genuine utility and value to the TAPS token, ensuring players are fairly and transparently rewarded,” TapSwap founder Naz Ventura explained.
The upcoming launch has drawn substantial attention, with the platform already boasting 6.3 million followers on X and 24.2 million Telegram subscribers. Inspired by gaming companies like Skillz, which serves over 3.2 million monthly users, TapSwap aims to reach a similar scale of 5 million monthly users. With this reach, the team projects the platform could eventually generate around $500 million in revenue.
Originally slated for Q3 2024, TapSwap faced some delays in delivering its product. In July, community reactions were on the offense, expressing growing frustration regarding the vague release date. While it seemingly put the platform in hot water, the reactions indicated a growing demand.
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TapSwap’s Web3 gaming platform is a major advancement for tap-to-earn models. It focuses on skill-based rewards and encourages collaboration with developers, creating a fair and sustainable gaming experience. With big goals and an expanding community, the project is ready to set new standards in the Web3 gaming world.
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