The distribution of Tapswap’s tokens has been delayed until the third quarter of the year, the company announced.
Since the app’s release on February 15, 2024, people who have been actively mining coins have been disappointed by the news.
With over 50 million users worldwide, the Tapswap app has grown in popularity.
The date of the token exchange event was originally set for July 1.
To guarantee improved service for its users, Tapswap management chose to delay it.
The management presented the announcement as both “bad and good news” in a number of threads on X.
To guarantee proper pricing and security from scammers, they are now in talks with tier 1 exchanges across the globe.
The announcement read: “We’ve got some bad and really good news for you at the same time: our team has decided to move the date for the Shares-to-Token exchange event. You might wonder, what’s good about that? Just FUD? Not exactly. The whole point is that you’ll benefit from this. Let us explain how.”
The management emphasized the need for detailed work on tokenomics and an appropriate launch strategy, requiring extra time.
“However, this success comes with some ‘inconveniences’. This level of attention requires much more detailed work on tokenomics and the right launch strategy. And that means extra time. But know that this is all to ensure that our launch in Q3 is fair and, more importantly, profitable for all of you who stand by us no matter what,” the announcement continued.
Tapswap encouraged its users to remain optimistic about future developments and expressed gratitude for their support and feedback.
“We really value your support. And we truly listen to your feedback, so don’t forget to share it in the comments. Together, we’ll keep reaching higher and higher levels,” they concluded.
