The cryptocurrency market is always dynamic with new trends, and Tap to Earn is one of the waves attracting the community's attention. So what is Tap to Earn? Is it a 'delicious cake' for those who want to earn cryptocurrency easily? Let's learn more about this model with BLOGTIENAO.


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What is Tap to Earn?

Tap to Earn is an electronic earning model that allows users to receive rewards by performing simple tasks on mobile applications, often just by 'tapping' or 'clicking'.

This form is considered a variant of Play to Earn but focuses on simplicity and ease of access, suitable for many user groups, including those with little experience in cryptocurrency or gaming.

Tasks in Tap to Earn are usually very diverse, including:

  • Tap the screen to collect items.

  • Watch advertisements.

  • Participate in surveys.

  • Invite friends to use the app.

  • Complete daily tasks.

How Tap to Earn works

Most Tap to Earn applications use a dual token economic model, including:

  • Governance token: Usually used to participate in project governance, staking, or trading on exchanges.

  • In-game token: Used to reward players, purchase items in the app, or upgrade characters.

Users will receive in-game tokens upon completing tasks. They can then exchange these tokens for governance tokens or other cryptocurrencies to withdraw to wallets or trade on exchanges.

Advantages and disadvantages of Tap to Earn

Advantages:

  • Simple, easy to use: Suitable for all user groups, including beginners.

  • Convenient: You can earn money anytime, anywhere with just a phone.

  • Entertainment: Many Tap to Earn applications are designed with beautiful interfaces and interesting gameplay.

  • Opportunities to access cryptocurrency: Helps users easily familiarize themselves with cryptocurrency and blockchain.

Disadvantages:

  • Income may be low: The amount earned from Tap to Earn is usually not high, depending on the time and effort invested.

  • Risk of scams: The Tap to Earn market is still quite new, with many potential scams or unsustainable projects.

  • Sustainability: The economic model of some Tap to Earn projects may not be sustainable in the long term.

Top 5 prominent Tap to Earn projects on Binance

  • 1. NOTcoin

    • Advantages: Simple gameplay, easy to access, suitable for all ages. The community is growing strongly.

    • Disadvantages: Unclear tokenomics; growth potential depends on the project's development.

    2. DOGS

    • Advantages: Combines Tap to Earn with the element of raising virtual pets, attracting users who love animals.

    • Disadvantages: The number of users is still limited, and the token value is not stable.

    3. CATS

    • Advantages: Attractive interface, diverse activities, creating interest for players.

    • Disadvantages: The money-making mechanism is still simple, lacking many unique features.

    4. HAMSTER

    • Advantages: Creates a relaxing feeling, helping users to entertain lightly while earning cryptocurrency.

    • Disadvantages: Development potential is still limited, and the community is not yet strong.

    5. Crypto Planet (not on Binance)

    • Advantages: Simulates the exploration of planets, combining educational and entertainment elements.

    • Disadvantages: It takes time to build and develop planets, and initial income may be low.

    Note: This is just a preliminary assessment of the 5 prominent Tap to Earn projects. The choice of a suitable project depends on the needs and preferences of each user.

    Source: BLOGTIENAO