A screen of the X-account “TapSwap Network” with the supposed future rate of the TAPS token is being distributed online. Or rather, with the exchange rate of game tokens for $. And it looks incredibly generous:
«1.2 million of tapswap= 30$
2.5 million of tapswap= 60$
5 million of tapswap= $120
10 million of tapswap= $240
20 million of tapswap= $480
30 million of tapswap= $720»
If you look at what the TapSwap Network account is, even the description says that it is not the official account of the project. And it contains news about #TapSwap, and about #HamsterCombat, and about#Blumand other taps.
But this supposed “course” is actively promoted through channels by admins who invite people through their referrals. Because the token will enter the market at the beginning of July. Unless there is a new transfer. And #TapSwap’s referral system is generous.
Why is this price inadequate?
1. The price published by TapSwap Network is about $0.000025. If we assume that, like Notcoin, they will denominate by three zeros - $0.025. And this is not even close to the starting trading price NOT. And the price is closer to the current high.
2. The current supply of game tokens is 277.89 trillion.
And it is still unclear whether the project team will have any coins. Must be. But even if we assume that by the end of “mining” the total supply will be $300 trillion, then at a price of $0.000025, the capitalization of the token should immediately amount to a gigantic $7.5 billion. For comparison, NOT's capitalization is now $1.61 billion.
If the course were correct, we would have received $19,400 for our 776 million game coins. Agree, too good to be true.
We have already written about what the listing rate might be if there is no denomination. They made a calculation for 300 trillion tokens. And the project is approaching this number. But it’s worth considering that the team will probably have at least 1/10 (optimistic scenario) of the final volume of tokens. Total - let's say 330 trillion tokens. If we assume that at the start the capitalization of the project will be $500 million, the exchange rate will be about $0.0000015. And our 775 million coins will turn into $1,164. Doesn’t look like anything “wow”, but definitely more realistic than $19,400.
However, this is not a reason to stop; the token is definitely worth farming. Expect less and you'll be pleasantly surprised if you get more. The joint promotion with Binance, the mention of Pavel Durov in the channel - all this is positive. We are really looking forward to the news about partnerships with market makers. If it exists and if it is #DWFLabs, then, by and large, it doesn’t even matter whether#TAPSwill have some kind of utility function 😁. This will be a clear combo with a claim to capitalization above $1 billion in the medium term.
