Tapping has become a new craze, with many Nigerians furiously tapping on their mobile phones in hopes of making money. But where exactly is this money coming from?
The rise of Telegram-based crypto mining projects like Notcoin, TapSwap, and Hamster Combat has fueled this tapping phenomenon. These projects allow users to earn crypto tokens by performing tasks like tapping buttons on their screens.
After a period of time, usually weeks or months, the mining of these tokens ends and some are distributed to users through airdrops. An airdrop is a marketing tactic used by crypto projects to distribute free tokens or coins to a large number of wallet addresses, helping to create awareness and build a community.
But the question remains: where does the money for these airdrops come from? According to experts, the funds typically come from several sources:
1. Project funds - Cryptocurrency projects often allocate a portion of their funds to marketing and community building, which includes airdrops.
2. Initial Coin Offerings (ICOs) or token sales - Funds raised during these fundraising events are sometimes set aside for airdrops to distribute tokens to a wider audience.
3. Investors - Investors may provide funds for airdrops as part of their strategy to grow the community and increase the value of their holdings.
4. Partnerships and collaborations - Crypto projects may partner with others, asking users to perform tasks like joining a Telegram channel in exchange for more coins.
5. Community contributions - In some cases, communities or decentralized autonomous organizations (DAOs) pool resources to fund airdrops as a way to reward members and encourage participation.
So while the tapping craze may seem like easy money, it's important for users to understand that the funds come from the various sources that support the crypto projects behind these tapping opportunities.