Reports of Tapswap Stopping the Distribution of Tokens Caused FUD

06/20/2024

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Tapswap suddenly announced to stop token distribution indefinitely. However, it later turned out that the community misunderstood the Tapswap team's statements.

This news was shared by Tapswap's head of communications John Robbin announced this on Wednesday on X. He emphasized that the token launch itself has been postponed to July 1. The team will announce the new date later. He emphasized the team's desire to reward each participant fairly so that the token launch is fair for all parties. In addition, the team will block all unscrupulous players who will manipulate mining in any way.

His messages caused FUD in the market: many saw Robbin's words as confirmation that the team was stopping the project's token distribution indefinitely.

Sorry but this is incorrect. We said we didn't have a specific date yet as we are close to finalizing tokenomics. Nothing about being postponed indefinitely. Please correct your article, it is creating unnecessary FUD. Thank you.
— tapswap (@tapswapai) June 19, 2024

The Tapswap team later denied these rumors in a response to a tweet by a news outlet.

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