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Again, popular tap-2-earn app, Tapswap postpones token allocation
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*Moves share-to-token exchange event to third quarter
By Francesca Hangeior.
A popular tap-2-earn app, Tapswap, powered by TON Blockchain, has said the token allocation to users has been postponed to quarter three of the year.
The app, which required users to repeatedly tap the icon in the centre of the Telegram Tapswap bot screen to mine coins, recently gained momentum among Nigerians tapping on their phone screens in pursuit of financial earnings and has amassed over 50 million users since it launched on February 15, 2024.
The management said it decided to move the share-to-token exchange event scheduled for July 1st to the third quarter to better serve its players.
In a series of threads created on X, on Monday, to share what it described as ‘bad and good news’ for its players, the management said it is in active talks with tier 1 exchanges around the world to price the highly ranked game from the prey of scammers and leaders in web3 industry who are moved by the successes the game had attracted.
“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:
Recently, there’s been a lot of buzz around Tapswap, especially about listing on tier 1 exchanges, a massive drop, and more. And it’s no surprise: the project has become one of the major players globally, ranking at the top. This kind of attention attracts not just scammers but also leaders in the web3 industry.
“So, not all rumours are just rumours. The Tapswap team is actually in active talks with tier-1 exchanges!
And they are thrilled with you – our community! Isn’t this what we’ve been tirelessly working towards together?”
The management further reiterated its effort to devote a high level of attention to the task, which requires much more detailed work on tokenomics and the right launch strategy.
“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,” it added.
Tapswap, however, charged its players to be happy about the bigger news in the future while appreciating the support and feedback gotten from them.
So, as you can see, there are plenty of reasons to be happy about this change. And very soon, we’ll give you some even bigger news about our future, tier 1 partnerships, and the drop itself!
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!
Recall that Tapswap postponed its token launch date, which was scheduled for July 1st, indefinitely.
This was disclosed by the Head of Communications of the gaming firm, John Robbin, on June 20, 2024.
Before the aforesaid disclosure, it announced that its coin allocation date would be July 1st after it couldn’t establish a date in May because of too many bot accounts that they are working on separating from the authentic gamers.
According to Robbin, the method of token allocation has not yet been ascertained, stressing that the processes cannot be communicated before the allocation.
“The token launch was postponed from July 1. The new date will be communicated.
“We will allocate a significant part of the tokens to the community to retain the tappers. We want you all to be part of the tapswap community.
“We need a token airdrop to be a win-win for all of us. We have started communicating with many exchanges and platforms,” he said.
Nigerians, including young and old, have been obsessively tapping on their phones, with some asserting that they are waiting for the tokens to be allocated to buy cars and houses of their choice from the many taps they have accumulated.
In a viral clip, a Keke driver was seen tapping away on his phone with one hand while simultaneously steering his moving vehicle and transporting passengers.
Another viral video showed several traders in Northern Nigeria tapping vigorously on their screens.
The All Progressives Congress has ordered all Primary Election Committees to submit reports and result sheets from its 2027 primaries by Monday, May 25, 2026.
The directive was announced in a statement issued May 24 by APC National Publicity Secretary Felix Morka. It covers governorship, senatorial, House of Representatives, and state assembly primaries.
The party said submissions for legislative bye-election reports will open on May 30, 2026.
National Organising Secretary Sulaiman Muhammad Argungu signed the notice and urged committees to ensure documents are submitted promptly and accurately.
APC said sticking to the deadlines is critical for transparency and credibility in its internal electoral process ahead of the 2027 general elections.
Edo South Senatorial District All Progressives Congress APC Senate flag bearer, Hon Omoregie Ogbeide-Ihama has hailed the reemergence of Bola Tinubu as APC presidential candidate in the 2027 general elections.
Ogbeide-Ihama in a congratulatory message he personally signed hailed President TInubu describing him as the iroko tree that provides shades for all.
Recall that Tinubu was declared winner of the keenly contested APC Presidential Primary, held at the Eagle Square in Abuja, said is truly the arrowhead of politics in Nigeria, adding that as one of the movers and shakers of APC from day one his victory did not come as a surprise.
He stressed that the emergence of Senator Tinubu was a result of dint of hard work, and that the votes that gave him victory was a clear manifestation of his general acceptance.
Ogbeide-Ihama noted that Tinubu is truly a political caterpillar that pilots his affairs without rancour with his massive shoulders warehousing all and sundry to the admiration of his political adversaries.
” I hail you my Excellency as you have proven it again that definitely you can take Nigeria to the next level.
The price of North Sea Brent crude and West Texas Intermediate slipped close to five percent to $99.41 and $92.49 a barrel, respectively.
The United States and Iran appear closer than ever to a deal that would end the war that has ravaged the Middle East since late February, sending energy prices soaring and stoking global inflation.
But sticking points in their negotiations have tempered hopes of a swift resolution to restore the transit of oil and gas through the Strait of Hormuz.
US President Donald Trump said on Sunday he had informed US negotiators “not to rush into a deal”.
“The negotiations are proceeding in an orderly and constructive manner, and I have informed my representatives not to rush into a deal in that time is on our side,” a post to Trump’s official Truth Social account said.
Iran’s Tasnim news agency said that, based on their information, key clauses of a possible agreement remained unresolved.
One of the main sticking points has been whether Tehran is willing to hand over its stockpile of highly enriched uranium.
The release of Iran’s frozen assets held under longstanding US sanctions and whether Lebanon, repeatedly targeted by Israeli strikes, will be included in any peace deal are also key issues.
Markets across Asia climbed in early trade on hopes that Washington and Tehran will be able to overcome these hurdles.
Tokyo soared more than three percent in early trade on Monday, while Hong Kong and Seoul were closed for public holidays.
Shanghai inched upwards, with Taipei, Manila, Bangkok, Jakarta, Singapore, Sydney, and Wellington also climbing.
Kuala Lumpur was down 0.1 percent.
“The weekend news flow has once again focused on the prospects for a negotiated deal between the US and Iran,” said Chris Weston, head of research at Pepperstone.
“According to reports from Donald Trump, a memorandum of understanding has been ‘largely negotiated’, with details to be announced at some stage soon, although there appears to be limited urgency,” Weston said.
Investors will also be keeping an eye on how the US Federal Reserve and its new chief, Kevin Warsh, react to Personal Consumption Expenditures (PCE) data this week, as well as European inflation metrics.
“The inflation story remains central to the entire setup,” said SPI Asset Management analyst Stephen Innes.
“Investors will receive another critical read on Thursday with the release of the Personal Consumption Expenditures index, the Federal Reserve’s preferred inflation gauge.
“After several hotter-than-expected consumer and producer inflation reports earlier this month, markets are increasingly concerned that elevated oil prices and supply disruptions tied to the Middle East conflict are beginning to seep into the broader inflation pipeline.”
The conflict erupted after the United States and Israel attacked Iran on February 28, and the Islamic Republic responded with missile and drone attacks across the region.
The United States and Iran have observed a ceasefire since April 8 while mediators push for a negotiated settlement, although Tehran has imposed controls on Gulf shipping and Washington has blockaded Iran’s ports.
Currency dealers monitor exchange rates as an electronic screen shows the prices of WTI (L), Brent crude (C), and Dubai crude (R) in a foreign exchange dealing room at the Hana Bank headquarters in Seoul on March 13, 2026. (Photo by Jung Yeon-je / AFP)
Key Figures At Around 0215 GMT
Brent North Sea Crude: DOWN 3.99 per cent at $99.41 a barrel
West Texas Intermediate: DOWN 4.25 per cent at $92.49 a barrel
Tokyo – Nikkei 225: UP 3.2 per cent at 65,358.97
Shanghai – Composite: UP 0.3 per cent at 4123.89
Hong Kong – Hang Seng Index: UP 0.9 percent at 25,606.03 (close)
Euro/dollar: UP at 1.1640 from 1.1608 on Friday
Pound/dollar: UP at $1.3480 from $1.3441
Dollar/yen: DOWN at 158.86 from 159.13 yen
Euro/pound: DOWN at 86.35 from 86.36 pence
New York – DOW: UP 0.6 per cent at 50,579,70 (close)
New York – S&P 500: UP 0.4 per cent at 7,473.47 (close)
New York – Nasdaq: UP 0.2 per cent at 26,343.97 (close)
London – FTSE 100: UP 0.2 per cent at 10,466.26 (close)
Paris – CAC 40: UP 0.4 per cent at 8,115.75 (close)
Frankfurt – DAX 30: UP 1.2 per cent at 24,888.56 (close)
AFP
See Black Market Dollar To Naira Exchange Rate Today 25th May 2026
APC sets May 25 deadline for 2027 primary elections results submission
2027: Ogbeide-Ihama hails Tinubu’s reemergence as APC presidential flag bearer
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