Tapping Trend: What Nigerians Stand to Gain

In this interview with Weekend Trust, Uche Ikechukwu, a crypto expert and content creator spoke on what the tapping trend is all about and what Nigerians stand to gain from it.

A crypto expert and content creator, Uche Ikechukwu, has spoken on the new trend called ‘tapping’ and what Nigerians stand to gain from it in this interview with Weekend Trust.

Ikechukwu, who has been in the crypto space for over five years, explained that tapping started with Notcoin, which was a telegram mini app where people signed up on the platform.

He said, “Since it was the first of its kind, nobody knew what was going to be the outcome, if it was going to do well or badly. There were no promises, but after a couple of months of tapping, they decided to give tokens to people that actually tapped and that was when a lot of persons made money from Notcoin.

“Personally, I made about a thousand dollars from it and didn’t even stress. I didn’t even put in much work because if I had done, maybe I would have made like 5,000 dollars. Others made 20 dollars, some 50. That was for the 30 million subscribers they had.

“Because of that trend, other projects adopted that telegram mini app because usually, it is very difficult to get 30 million users in crypto, except for some exchanges like Binance that has that volume of users.

“But for a gaming platform to have so many followers, we had not seen such before. In six months, they (Notcoin) were able to get 30 million users.

“This made founders adopt this kind of method to launch their own telegram mini app, then we had ‘Tapswap’, ‘Hamster Combat’ and several others.

“Tapswap was quite popular, but after some time, Hamstar Kombat overtook it to become more popular. I actually think that Hamster Kombat rode on the impression that people heard of Notcoin, and that is why they got more users.

“Hamstar Kombat, at the end of the day, had about 300 million users – people that were tapping on their platform. Because of that, people had a lot of expectations from the experience with Notcoin.

“But you know, because of the large number of users, I had predicted that the coin was not going to do well. I said this because: let’s assume that they decide to give one dollar to each user, that’s almost $300 million; where are they going to get that money to give people.

“Notcoin was able to do that because they had only 30 million users and not everyone made that much; just a few of us made up to $1,000.

“Moreover, Notcoin had the backing of some of the biggest platforms; and I probably know that they had the money on their own for them to record that kind of feat.

“After that, we also had the DOGS airdrop, and within two months after it came, it was able to give out airdrops, where I made about $480.

“Before the DOGS airdrop, there was one called Pixel. But since they didn’t give airdrops, people got discouraged and didn’t join the DOGS, which turned out to do well because they had fewer users.

“So because the last one did well, people mounted pressure on the next one, which was Hamster Combat, which was yet to launch its token at the time, and then, when they finally launched their token last week, a lot of persons were disappointed.”

He said that if not for the large number of subscribers, it would have worked, adding, “They said they gave the airdrop to 150 million people or so. I also think that because they did not allocate a lot of their tokens, they only gave about 67 per cent of their tokens to those who were tapping.

“If they had given like 80 per cent of their token, I think they would have done well.”

On whether people are losing or making money considering the resources, time and data that go into this, Ikechukwu said, “Well, it depends because not all of them are actually losing time and data. One thing for me is: Be specific on those ones that will do well. But if you don’t know the one that will do well, then it is going to be a long ride for you because you will be disappointed at the end of the day.”

He said that this cannot be regarded as a job because one thing with crypto is that trends actually pay off, adding, “So I guess that within the next few months, if we have a lot of them that are not doing well, the trend may die off and nobody will want to tap again. So, I do not see it as a soft job now or in the future.”

Ikechukwu said there are no government regulations, so it is open to everyone that has a telegram account, adding, “You just abide by the telegram rules and you are good to go

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