A new trend has swept across Nigeria, with people of all ages eagerly tapping on their phone screens in pursuit of financial gain.
Tapswap, a popular clicker app, has taken the country by storm as users repeatedly tap on the icon in the center of the Telegram Tapswap bot screen to mine coins.
This app’s sudden popularity has sparked a nationwide phenomenon, 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. In one clip, a Keke driver was seen tapping away on his phone with one hand while steering his moving vehicle and transporting passengers.
Another video showed several traders in Northern Nigeria vigorously tapping their screens, and similar scenes have been observed in Ogun State, where youths and adults multitask while engaging in this activity.
Why Are They Tapping?
Chi Ofoegbu, a freelance Product Marketing Manager for crypto projects and Web3 enthusiast, explained the tapping phenomenon to media on Wednesday.
“One of the biggest challenges Web3 and crypto have is onboarding new persons into the Web3 space. This tapping is basically how new people are onboarded in Web3. It is rewarding people to invite others and participate.”
Web3, also referred to as Web 3.0, represents a new generation of the World Wide Web, characterized by decentralization, blockchain technology, and token-based economics.
Stephen Ajiboye, a Web3 educator and Digital Marketer for GeorgeneKoko, an over-the-counter crypto firm based in Akure, Ondo State, noted that Web3 shares similarities with the dot-com bubble in its potential for transformative impact.
Ajiboye added, “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.”
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Airdrop Rewards and Community Building
Ofoegbu further explained that the tapping involves inviting others and tapping on the screen to onboard new users and test the system’s capacity.
This method is considered the cheapest way to acquire new users and reward them for participating.
Many Nigerians profited from the Notcoin airdrop campaign by engaging in Telegram gaming activities, thereby increasing their crypto holdings.
As of May 20, 2024, over 102 billion NOT tokens exist on the TON chain, valued at $0.00568 per unit, resulting in a market capitalization of $574 million.
Miners received 78% of the total supply.
Ajiboye highlighted the role of airdrops in the crypto space: “Most projects build a community to amplify their project like free marketing. The reward they give back to the community is called an airdrop, in the form of the token that the particular project uses.”
The Boom of Clicker Apps
Dailycoin reports that Notcoin’s high user engagement drew attention to clicker apps, leading to the success of apps like Tapswap.
Ajiboye noted that the success of Notcoin prompted many to try Tapswap, hoping for similar financial rewards.
Tapswap has amassed 17 million users, as announced on its official X account.
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The ease of using Telegram as a platform has contributed to its rapid adoption, allowing users to mine tokens by simply tapping on their screens.
Future Prospects and Challenges
Ofoegbu clarified that the money for airdrops comes from venture capitalists who back these projects, not from thin air.
He expressed some caution, noting that while some airdrops work, many do not yield significant rewards.
However, he acknowledged that the success of Notcoin has spurred late adopters to jump on similar opportunities.
Ajiboye is optimistic about the educational potential of these trends, believing that the financial incentives could lead more people to learn about and adopt cryptocurrency.
He himself participates in tapping with two phones.
As the tapping frenzy continues, it remains to be seen how sustainable and rewarding this trend will be for Nigerians eagerly tapping their way into the world of Web3 and crypto.
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