In Nigeria, a new trend has emerged with people of all ages tapping their phone screens to make money.
This craze revolves around a popular app called Tapswap, where users tap on their screens to earn coins. The app has quickly become a national sensation, drawing widespread attention.
Videos show people of all ages obsessively tapping on their phones.
In Northern Nigeria, traders have been seen tapping vigorously on their screens, while in Ogun State, people are tapping even at work.
Why Are They Tapping?
According to the PUNCH, Chi Ofoegbu, a freelance product marketer for crypto projects, explained that the tapping helps bring new people into the Web3 space.
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Web3, or Web 3.0, is a new version of the internet using blockchain technology. It is like how Piggyvest works: if you invite someone, you earn money. The tapping encourages users to invite others and earn rewards.
Stephen Ajiboye, a Web3 educator, compared Web3 to the dot-com boom, saying it has the potential to change the internet.
He explained that Web2 is the current internet, while Web3 is based on blockchain. Many believe Web3 will be the next big thing.
How Does It Work?
Ofoegbu said the tapping involves inviting people and tapping on the screen to earn rewards.
This helps the app get more users cheaply. Many Nigerians have earned money through these activities, increasing their crypto holdings.
As of May 20, 2024, over 102 billion NOT tokens exist on the TON chain, with a market value of $574 million.
Ajiboye said that these rewards, called airdrops, are given to users to promote and grow the community.
According to Daily Coin, crypto apps like Notcoin and TapSwap have attracted millions of users.
Notcoin, launched in January, has over 35 million users. TapSwap, which started a month ago, will stop mining at the end of this month.
Its popularity surged because of the success of Notcoin, where people made significant money.
Why Is It So Popular?
Notcoin’s success drew attention to similar apps. Even Telegram’s founder praised its success. TapSwap announced it has 17 million users on its X account.
Ajiboye said that using Telegram, which is similar to WhatsApp, makes it easy for people to join. Unlike other apps that require daily quizzes or sign-ins, Tapswap only requires tapping.
Ofoegbu added that many people joined Tapswap after seeing their friends earn money from Notcoin. Early adopters are experienced crypto users, while late adopters joined after seeing the success of their friends.
“A lot of people invited their friends to join Notcoin, but they said it was rubbish. At the end of the day, they saw that Notcoin paid their friends 200 dollars, some 300 dollars. Others almost 1000 dollars” Ofoegbu said.
