This November, TapSwap is set to transform the gaming landscape with its skill-based platform, launching its token generation event (TGE) on 30 November 2024.
The platform promises a new way for players to earn by showcasing their gaming skills, offering TapSwap’s native token, TAPS, as a reward for in-game achievements.
TapSwap's approach goes beyond the traditional tap-to-earn model by focusing on rewarding players based on their skill level.
The platform aims to create a mutually beneficial environment where gamers can monetise their talent, while developers gain access to a targeted audience for their new projects.
This dynamic will not only drive user engagement but also boost developer visibility, ultimately contributing to revenue growth for both parties.
TapSwap plans to begin by launching its own proprietary games in the early phase, followed by a broader roll-out in 2025, which will invite external developers to join the platform.
This phased strategy ensures a smooth introduction for both players and developers, offering a profit-sharing model that encourages long-term participation.
The platform is designed with user experience in mind, featuring a straightforward dashboard where players can track their achievements, compare with others on leaderboards, and access various games.
Initially, rewards will be distributed in the platform’s in-game currency, TAPS.
In addition, players will have access to a training mode to hone their skills before entering competitive contests.
TapSwap’s focus on skill-based gameplay sets it apart from other models that primarily rely on luck or basic tasks.
TapSwap’s ecosystem has generated substantial buzz since it started early this year, with an impressive 6.3 million followers on X and 24.2 million Telegram subscribers.
The platform draws inspiration from successful companies like Skillz, which boasts over 3.2 million monthly users.
TapSwap aims to hit 5 million monthly users, which could potentially project up to $500 million in future revenue.
This ambitious target speaks volumes about the platform’s potential to dominate the space.
TapSwap’s launch comes after a careful analysis of other tap-to-earn games and their struggles, particularly around token value retention.
Founder Naz Ventura shared,
“We’ve analysed 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 centralised exchange, distorting the incentive to stay with the project for the long run and contribute to healthy ecosystem development.”
To avoid this pitfall, TapSwap has created a platform that ensures TAPS tokens retain real utility and value, offering a transparent and fair reward system.
This gives players a reason to stay engaged and incentivises long-term participation, crucial for the ecosystem’s health.
Originally scheduled for Q3 2024, TapSwap faced some delays in delivering its platform.
This shift in timeline led to growing frustration among its community, with many voicing concerns over the lack of clarity surrounding the release date.
However, these reactions highlighted an increasing demand and anticipation for the platform’s arrival.
Despite the setbacks, TapSwap's community continues to grow, with the pre-launch buzz only intensifying.
The skill-based Web3 platform is set to bring a fresh direction to the tap-to-earn scene, rewarding players based on their skill while building close ties with developers.
TapSwap’s vision for a fair and sustainable gaming ecosystem sets it apart and has already sparked interest across the community.
With its momentum and ambitious goals, TapSwap looks ready to make a lasting impact on the Web3 gaming world.
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