Nigerians, mostly the younger ones have been doing “tap, tap” more formally known as tap-to-earn as a strategy to “mine” cryptocurrency.
Nigerians, particularly the younger generation, have been actively engaging in a practice known as "tap-to-earn" as a strategy to "mine" cryptocurrency. This method entails tapping the screen of their smartphones multiple times to increase the amount of cryptocurrency they can earn from an airdrop.
A cryptocurrency airdrop is a marketing tactic that involves distributing coins or tokens to wallet addresses. Typically, small amounts of the new virtual currency are credited to the wallets of active members of the blockchain community for free or in exchange for a minor service, such as retweeting a post from the company issuing the currency. Other promotional activities required to participate in the airdrop may include responding to social media posts, following accounts, and performing tasks like tapping to earn. Airdrops are commonly used by cryptocurrency businesses to raise awareness about a new token and increase the number of individuals who trade it after it is listed on an exchange.
Cryptocurrency airdrops have quickly become a popular tool for firms to promote new tokens, with participants earning digital assets for completing simple activities such as following social media accounts or sharing posts. This approach has gained traction in regions such as Nigeria, where interest in cryptocurrencies is growing. Airdrops provide a convenient way for many people to learn about and participate in the blockchain ecosystem. However, airdrops are not without obstacles. As more people join these initiatives, token value can sometimes be diluted owing to “airdrop farming,” which occurs when too many participants diminish the value of the prizes. Some participants have been frustrated after putting in a lot of time and effort for little results.
Notcoin (NOT), like Hamster Kombat and a host of others, is a game embedded in Telegram that attracted millions of players. This play-to-earn game functions as a mini-app within the Telegram messaging platform, where users can “mine” or earn the NOT token.
By March 2024, the game had amassed 35 million total players, with a peak of six million daily active users, making it one of the most popular crypto games.
On May 16, 2024, the NOT token was officially launched. Notcoin price surged 600 percent when top exchanges, Binance and OKX, listed the NOT token.
Following Notcoin, most people jumped into the current tap-to-earn projects, such as Hamster Kombat, Tapswap, Memefi, Dogs, Tomarket, and others, with great expectations. However, the experiences of most Nigerians so far have fallen short of their high expectations.
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