Tapswap: Expert Speaks as Nigerians Tap Their Phone Screens in Pursuit of Financial Gain

Tapswap: Expert Speaks as Nigerians Tap Their Phone Screens in Pursuit of Financial Gain

  • The Nigerian internet space has been set agog by a new telegram-based crypto mining project, Tapswap
  • Legit.ng reports that Tapswap promises financial returns — just like the lately successful Notcoin
  • However, an expert warned that while Tapswap could offer intriguing opportunities for early adopters, it is essential to remain cautious

Legit.ng journalist Ridwan Adeola Yusuf has over 9 years of experience covering public journalism and the economy.

FCT, Abuja - A foreign exchange market (forex) expert, Benjamin Ajah, has explained that while Tapswap might be authentic, people should be skeptical about the site.

Tapswap is the new Telegram crypto-mining game that enables users to earn Tap tokens by engaging with the Tapswap bot.

It operates as a Solana-based crypto exchange renowned for its low fees, high transaction speeds, and features like staking and margin trading.

Read also

"Is Tapswap a scam?" Man makes vital observation about Telegram coin mining app that has gone viral

Tapswap is rapidly gaining traction in Nigeria
Tapswap continues to trend in Nigeria. For illustration purposes only. Depicted person has no relationship to the events described in this material. Photo credit: Vadym Pastukh
Source: Getty Images

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According to a fact-checking platform, Dubawa, in a recent report, Ajah expressed fear since the identity of Tapswap's owner is unknown.

The forex expert said considering he could not find Tapswap on CoinMarketCap (a community where all cryptocurrencies are listed), it is a red flag.

He also mentioned that it might be accurate and valuable when it eventually makes it to the market value list.

Legit.ng reports that the Tapswap frenzy followed the success of Notcoin, which was reported to have previously enabled many Nigerians to earn significant profits through crypto-mining.

To earn on Tapswap, people tap tokens and take part in various activities, such as inviting friends, completing tasks, or participating in events.

Presently, it has the second-largest Telegram channel in the world.

Read more on Tapswap

Read also

Tapswap: Crypto geek shares 4 key reasons he won't invest in trending Telegram 'tapping' game

Tapswap: Man shares new trick

Legit.ng earlier reported that in the past few days, many Nigerians participating in the Taspwap crypto project have been unable to access the Telegram game, sparking concerns.

A Nigerian man, Ambrose Nwaogwugwu, offered a working solution to the problem.

Proofreading by James Ojo Adakole, journalist and copy editor at Legit.ng.

Source: Legit.ng

Ridwan Adeola avatar

Ridwan Adeola (Current Affairs Editor) Ridwan Adeola Yusuf is a Current Affairs Editor at Legit.ng and a certified journalist with over 9 years of experience. He edited Politics Nigeria's articles, was the Acting Editor of AllNews Nigeria and Fact-Checking Researcher (Africa Check). He received his HND in Mass Communication from The Polytechnic Ibadan. He received a Certificate of Achievement (Journalism Clinic’s Fix The Leak masterclass, 2021) and also completed Google News Initiative's Advance digital reporting curriculum. Contact him at ridwan.adeola@corp.legit.ng.

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