Tapswap’s Price Fluctuates After Airdrop Launch

The price of Tapswap (TAPS) experienced some volatility on Monday following the highly anticipated launch of its airdrop and token generation event. Trading at approximately $0.07058, the token saw a slight uptick from its opening price.

Despite its immense popularity, Tapswap’s market capitalization remains relatively small at $34 million, lagging behind other tap-to-earn tokens like Hamster Kombat, according to CoinMarketCap.

In a detailed X thread, the Tapswap development team outlined the distribution of TAPS tokens:

• 40% allocated to the community
• 20% reserved for community rewards
• 20% designated for the treasury
• 10% awarded to the development team, with a cliff unlock period of 12 to 36 months
• 5% allocated to strategic investors

Clear and transparent tokenomics are crucial for assessing the current state and long-term potential of a project.

Here’s a @tapswapai breakdown of how $TAPS is allocated and why this structure ensures sustainable growth, market stability, and strong community involvement 🧵

— tapswap (@tapswapai) February 17, 2025

This distribution model ensures that the majority of the tokens remain within the community, encouraging long-term engagement and ecosystem growth.

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One of the key reasons for the price wavering is its limited availability. Currently, TAPS is only listed on Bitget and STON.fi, the largest decentralized exchange on the TON blockchain. However, it has yet to secure listings on major tier-1 exchanges like Binance or Coinbase, which could significantly boost its liquidity and trading volume.

Interestingly, Tapswap was initially planned for launch on the BNB Chain, home to leading decentralized exchanges like PancakeSwap and Uniswap. However, Telegram, which plays a crucial role in the project’s ecosystem, mandated that all games within its platform operate on the TON blockchain, forcing a strategic shift.

Tapswap aims to become Telegram’s largest gaming platform, leveraging its existing tap-to-earn model while expanding into more skill-based gaming experiences. With over 10 million weekly users, the developers hope to transition players into new gaming formats that will provide additional utility for the TAPS token.