A new trend has swept across Nigeria in recent days, with people of all ages tapping on their phone screens in pursuit of financial gain.
Tapswap, a popular clicker app, has taken the country by storm as users tap repeatedly on the icon in the centre of the Telegram Tapswap bot screen to mine coins.
The app’s sudden popularity has sparked a nationwide frenzy, with many Nigerians eager to cash in on the trend.
Viral videos have shown alarming instances of individuals, both young and old, obsessively tapping on their phones.
Why are they tapping?
One of the biggest challenges Web3 and crypto have is onboarding new persons into the Web3 space.
Remember Piggyvest. If I invite you to Piggyvest, I get N1000. This tapping is basically how new people are onboarded in Web3.
Web3, also referred to as Web 3.0, represents a new generation of the World Wide Web, characterised by decentralisation, blockchain technology, and token-based economics.
The dot-com boom, or internet bubble, was a period of swift expansion in the late 1990s and early 2000s, marked by intense interest from venture capitalists and traditional investors in internet-related tech companies.
“The normal internet we use now is referred to as Web2. For blockchain-based technology, it is referred to as Web3. Many believe that Web3 is the next big thing.”
Many Nigerians profited from the Notcoin airdrop campaign by engaging in Telegram gaming activities, thereby increasing their crypto holdings.
As of May 20, 2024, Bitcoin.com reports that over 102 billion NOT tokens exist on the TON chain, valued at $0.00568 per unit, resulting in a market capitalisation of $574 million. According to Bitcoin.com. miners received 78% of the total supply.
It involves inviting somebody and tapping on your screen. It is to get new users and see how much their system can take. It is rewarding people to invite other people.
“These platforms have realised it is the cheapest way to get new users and get them to invite their friend and also reward them for participating and inviting their friend,” Ofoegbu said.
Many Nigerians profited from the Notcoin airdrop campaign by engaging in Telegram gaming activities, thereby increasing their crypto holdings.
As of May 20, Bitcoin.com reports that over 102 billion NOT tokens exist on the TON chain, valued at $0.00568 per unit, resulting in a market capitalisation of $574 million. According to Bitcoin.com. miners received 78% of the total supply.
Ajiboye said, “It’s an airdrop thing. Most projects that build in the crypto space, they build a community to amplify your project like a sort of free marketing for you. The reward that they give back to the community is something called airdrop. The reward comes in the form of the token that the particular project is using.”
An airdrop is a marketing tactic used by cryptocurrency projects to distribute free tokens or coins to a large number of wallet addresses, often to promote awareness, drive adoption, and build a community
According to Daily Coin, a website that focuses on cryptocurrency and blockchain-related news, following the introduction of Telegram Mini Apps, simple crypto apps have attracted a substantial user base.
Crypto clicker apps, such as Notcoin, TapSwap, and others, have recently gained immense popularity, with millions of users, Dailycoin reports.