Predicting TapSwap’s Listing Price: Why TapSwap Left the TON Network?

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TapSwap Concludes First Season: TAPS Token Listing Date

Airdrop Binance blockchain Crypto Games Cryptocurrency TapSwap TON

As the cryptocurrency market eagerly anticipates the listing of TapSwap (TAPS) on digital asset exchanges this Friday, February 14th, 2025, many investors are keen to predict the token’s initial trading price.

However, the lack of a pre-market and the opacity surrounding TapSwap’s tokenomics make this prediction a challenging endeavor.

Predicting TapSwap’s Listing Price

TapSwap is set to be listed on Bitget, one of the first platforms to announce support for the token. Unlike many other projects, TapSwap does not have a pre-market, and its tokenomics have not been fully disclosed by the project team. The only information available is that the total supply of TAPS tokens is capped at one billion units, announced a year prior.

The absence of a pre-market and unclear tokenomics complicate predictions. However, we can look at similar projects like NUTS Coin and Hamster Kombat for reference. These tokens have market caps of $309 million and $114 million, respectively, with more than 60% of their total supply already in circulation.

If TapSwap adheres to its stated total supply of one billion tokens and releases at least 60% of its supply in the initial days, achieving a market cap of $100 million would require a price of approximately $0.16 per token.

Considering a more conservative market cap target of $50 million, the price per TAPS token would need to be around $0.08.

Given the average allocation for eligible users, which is approximately 200 tokens, the latter figure or even lower prices seem more plausible for TapSwap’s listing price. Some sources, however, predict prices ranging from $0.3 to $0.4 for TapSwap.

Factors Influencing TapSwap’s Price

Several factors could impact TapSwap’s price at the time of listing and in the initial days:

  1. Exchange Listing Conditions: Greater liquidity will likely provide more price stability for TapSwap.
  2. Project Team’s Future Plans: A clear vision and positive sentiment from players towards the token could lead to less price decline or more growth in the early days.
  3. Technical Issues: Any disruptions during the airdrop distribution or listing process on exchanges could negatively affect the price.
  4. Overall Crypto Market Conditions: The performance of Bitcoin and other altcoins in the initial days of TapSwap’s listing could also influence its price.

Why TapSwap Left the TON Network?

Many holders of TON Coin were anticipating that new airdrops, like TapSwap, would boost demand and user activity on the TON network, potentially driving up TON’s price. However, TapSwap, a popular Telegram game, has decided to leave the TON ecosystem and join the BNB Chain.

According to Decrypt, TapSwap announced it would launch its TAPS token on the BNB Chain instead of the TON network. The game was initially expected to complete its airdrop in late January. Recently, it postponed the token launch, citing advice from a decentralized exchange to wait for better market conditions.

Now, after completing the first season of TapSwap, the project is moving forward with its plans to launch its token on the BNB Chain. The project stated that the launch on BNB Chain would enhance speed, security, and accessibility, making TapSwap stronger for players and investors.

Users will receive tokens based on their overall activity in Telegram games. However, TapSwap is trying to move away from the “Tap-to-Earn” model and join skill-based gaming.

In early January, Telegram and TON announced an exclusive agreement requiring all Telegram games or applications to be launched exclusively on the TON network. Despite its previous collaboration with TON, TapSwap made no mention of Telegram or TON in its recent announcement.

TapSwap is not the only Telegram game launching its token on a network other than TON. For instance, Farm Frens also plans to launch its token on Ethereum and Layer 2 Base, claiming that TON is a closed network.

Conclusion

The decision of projects like TapSwap to leave the TON network raises questions about the future of Telegram’s gaming ecosystem. As the crypto community watches these developments, it remains to be seen how these changes will impact the broader market and the projects involved.

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