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!

Siraj Abdullahi, executive director of the hydroelectric dam in Zungeru, Niger state, says there was no explosion at the facility.

Abdullahi was reacting to reports that there was an explosion at the dam that caused injury to some workers, including a Chinese national.

The reports said the unnamed Chinese engineer was conducting a routine check when the explosion happened.

In a notice, the executive director described the reports as a “wicked lie”.

“There is a fake news on several media houses,” Abdullahi said.

“This is a wicked lie. We are fine in Zungeru nothing happened and we are on the Grid.

“Please disregard this hate news. We are doing a video rebuttal soon.”

Also, Wasiu Abiodun, spokesperson of the police command in Niger, said there was no kind of explosion at the dam.

“We wish to respond that there is no report of any kind of explosion at Zungeru Dam, as reported by some online media, we urge members of the public to kindly disregard please,” the spokesperson said in a text message to TheCable.

“Thanks for your usual cooperation and understanding with the Police and other security agencies in the State.”

The multimillion Naira Zungeru Hydro Electricity Dam in Niger state has been hit by an explosion.

The Dam which is yet to be officially commissioned by the Federal government is the fourth located in the state coming after Jebba, Kainji and Shiroro.

Our Correspondent reliably gathered that the explosion occurred early morning of today.
The real cause of the explosion is yet unknown.

A dependable source from the area who confirmed the incident to our Correspondent however said that several of the workers on duty sustained various degrees of injuries and are being attended to at different hospitals close by while those seriously affected are said to have been rushed to Minna, the state capital for more medical attention.

“We saw a foreigner,(Chinese) who is a worker who had severe injuries being ferried to Minna for further medical attention but we cannot say the exact number of staff injured but they are many,” the source added.

Besides the human injuries, the explosion was said to have affected some installations at the Dam.

The implication of the explosion on power supply generally across the country is not yet known.