5 things to know:
The successful launch of new token Notcoin has skyrocketed the popularity of another Telegram-based crypto mining project, Tapswap
In churches, schools, social gatherings and homes, the young and old seem to have caught the ‘Tapswap bug’
Our Correspondent highlights interesting things about the recently launched Notcoin and soon-to-be-launched Tapswap
Hardly will you scroll through social media platforms these past few days without seeing posts or videos on Tapswap.
On the Nigerian internet, the viral Telegram-based crypto-mining game has gained massive traction, and this is not unconnected to Notcoin’s unprecedented success.
Despite the ‘tapping fever’ in the Nigerian air, a section of netizens are still lost about the whole thing. In this article, Legit.ng breaks down critical details of Notcoin and Tapswap into five interesting facts about the Telegram-based projects.
1. Defining Notcoin and Tapswap
According to Binance, Notcoin (NOT) is a token that started as a play-to-earn game on Telegram. The game offered players the chance to “mine” its digital currency by engaging with an animated coin in the chat interface.
On the other hand, Tapswap is a fast-growing project in the decentralized finance sector that is also based on Telegram.
According to its official X handle, Tapswap is a Solana-based crypto exchange with low fees, high throughput, and exciting features like staking and margin trading. Players earn Tap tokens by engaging the Telegram Tapswap bot in a crypto-mining game.
2. Tapswap has not been launched yet
The sudden rise in the popularity of the Tapswap has been attributed to the successful launch of the Notcoin.
It was valued at $0.00568 per unit, which gave it a market capitalization of $574 million, Bitcoin News reports. However, market prices are not stagnant.
Medium reports that Tapswap would be launched on May 30, 2024, for exchange.
3. Notcoin can’t be mined on Telegram anymore
The initial mining scheme of NOT officially ended on March 31, 2024, while Tapswap is still being mined on Telegram.
4. Notcoin and Tapswap don’t require expert knowledge
When it was still minable on Telegram, Notcoin offered players tokens via fun and simple tasks that do not require expert crypto knowledge.
The same goes for Tapswap, which still gives players Tap tokens on Telegram after they complete simple tasks like joining groups or following X handles.
5. Tapswap is projected to surpass Notcoin’s performance
According to a crypto expert, Obani Ebenezer Nwokoma, Tapswap has great potential and would likely surpass the performance of Notcoin when it is eventually launched. In his words:
“Tapswap is a good project with lots of promising potential. If you ask me, I see a possibility of Tapswap doing better than Notcoin because of the blockchain involved, known as Solana. Solana has more value than Ton, and its popularity was before Ton rose to fame this year.
“The thing is, the more popular a coin, the more chances of it doing well.”
