Research/Market Brief/What is Tap-to-Earn? A Novel Form Play to Earn Game
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What is Tap-to-Earn? A Novel Form Play to Earn Game

BloFin Academy07/04/2024
Tap-to-Earn is a new form of play to earn game which has attracted millions of users. This article introduces four major tap-to-earn games.

Tap-to-Earn is a new form of play to earn game in the crypto space. It allows users to earn digital tokens or coins by performing simple, repetitive actions - primarily tapping on their device screens. Users interact with a mobile app or Telegram bot by repeatedly tapping a button or icon on their screen. Each tap generates a small amount of in-game currency or tokens. These games are typically built on blockchain platforms like TON (Telegram Open Network) or Solana. The earned tokens are often native to the specific blockchain the game is built on.

While earnings can vary, users can typically earn a few dollars worth of cryptocurrency in a couple of hours of play. However, the actual value depends on factors like the game's popularity, market conditions, and the player's strategy.

This article introduces four major tap-to-earn games that have attracted millions of players.

TapSwap

TapSwap is a popular Telegram-based crypto game. TapSwap is a "tap-to-earn" or "clicker" game where users earn in-game currency (TAPS coins) by tapping a button on their screen. It's designed to be simple and accessible, allowing users to participate in cryptocurrency mining without technical knowledge or investment. The game is primarily accessed through a Telegram bot, making it easily accessible to Telegram's large user base. Users can start playing by searching for the TapSwap bot on Telegram and following the setup instructions.

ICYMI: Again, Tapswap postpones token allocation
Source: vanguardngr.com

Gameplay Mechanics:

  • Basic Tapping: Users tap a central button to earn TAPS coins. Initially, each tap earns one coin, but this can increase as players progress.
  • Energy System: There's an energy bar that limits how long users can tap continuously. Once depleted, players must wait for it to refill or use boosters.
  • Upgrades: Players can use earned coins to upgrade various aspects of their gameplay, such as increasing coins earned per tap or speeding up energy recharge.
  • Daily Boosters: The game offers daily boosters that can refill energy or provide multipliers for coin earnings.
  • Tasks and Missions: Additional coins can be earned by completing tasks like following social media accounts or inviting new users.

Hamster Kombat

Hamster Kombat is a another viral play-to-earn game hosted on the Telegram messaging platform, leveraging the TON (The Open Network) blockchain. The game allows players to earn cryptocurrency by engaging in a simple yet addictive tap-to-earn mechanic. Players take on the role of a hamster CEO managing a fictional crypto exchange, where they can earn in-game coins by tapping on a digital hamster and completing various tasks.

The core gameplay involves tapping to mine Hamster coins, which can then be used to upgrade the virtual exchange and increase coin-earning potential. Players can also participate in daily tasks, special missions, and events to earn additional rewards. The game encourages strategic play by allowing users to assign cards to their hamsters, unlocking higher-scoring combos and boosting their earnings per hour. This strategic element adds depth to the otherwise straightforward tapping mechanic, making the game more engaging.

Hamster Kombat has quickly gained popularity due to its easy accessibility through Telegram's mini-apps and the potential to earn real cryptocurrency. The game is designed to be user-friendly, allowing players to start earning coins within moments of setting up their Telegram account. The developers have also integrated a referral program, incentivizing players to invite friends and expand the game's user base, which has reportedly reached over 150 million daily players.

One of the key attractions of Hamster Kombat is the upcoming token launch and airdrop, scheduled for July 2024. Players who accumulate in-game coins will be eligible to receive HMSTR tokens during the Token Generation Event (TGE). These tokens can be traded on cryptocurrency exchanges, providing tangible rewards for players' efforts. The game also supports TON-based wallets like Tonkeeper, enabling users to manage and withdraw their HMSTR tokens.

Notcoin

Notcoin (NOT) is a cryptocurrency project built on the TON (Telegram Open Network) blockchain, initially launched as a viral game on Telegram. It was introduced in November 2023 as a closed beta and officially launched on January 1, 2024. The game quickly gained popularity, attracting millions of users due to its simple and engaging tap-to-earn mechanic, where players earned Notcoins by tapping on an animated coin within the Telegram app.

Key Features and Mechanics

  • Tap-to-Earn Mechanic: Players earned Notcoins by tapping on a virtual coin in the Telegram game. This mechanic was designed to be accessible and engaging, even for those new to cryptocurrencies
  • Explore-to-Earn: After the initial play-to-earn phase ended, Notcoin transitioned to an explore-to-earn model, where users can earn tokens by exploring decentralized finance (DeFi) applications and other Web3 products within the TON ecosystem
  • Community and Social Interaction: The game encouraged social interaction by allowing players to form squads, invite friends, and participate in community-driven activities, enhancing the overall user experience

Notcoin has quickly established itself as a significant player in the GameFi sector, reaching a market cap of $1.6 billion by June 2024. It is listed on major cryptocurrency exchanges such as Binance, Bybit, OKX, Gate.io, Bitfinex, Kucoin, Bitget, MEXC, and Crypto.com. The token has seen substantial trading volumes, driven largely by price speculation and its viral growth.

W-Coin

W-Coin is a tap-to-earn game available on the Telegram messaging platform, designed to allow users to earn cryptocurrency by engaging in a simple tapping mechanic. The game involves tapping an image of the W-Coin to increase the player's in-game token balance. This straightforward gameplay makes it accessible and easy for anyone to start earning tokens.

The standout feature of W-Coin is its community-driven approach, where players have a say in deciding which blockchain the upcoming token will be launched on, with options including Ethereum, Solana, and the TON blockchain. This democratic twist sets W-Coin apart from other similar games, giving the community a significant role in its development.

W-Coin also incorporates various features to enhance user engagement and earnings. Players can participate in a referral program, where inviting friends to join the game can significantly boost their earnings. Each successful referral earns the player additional tokens and a percentage bonus on the rewards accumulated by their friends. The game also offers staking options, allowing players to lock a portion of their W-Coin balance to earn higher returns over a specified period. Additionally, players can use boosts, such as auto-tap bots, to increase their coin collection speed.

Since its launch on May 2, 2024, W-Coin has grown rapidly, reaching 50,000 users within five days and 10 million users by June 11, 2024. The game has also established partnerships with other notable projects in the Telegram gaming and crypto space, further enhancing its appeal and reach.

Mass Adoption or Marketing Hype?

Tap-to-earn games have gained significant popularity in 2024 as a new model within the broader play-to-earn (P2E) crypto gaming sector. Their simple gameplay mechanics and low barrier to entry have attracted millions of users eager to earn cryptocurrency rewards through casual tapping activities.

The integration of tap-to-earn games with popular platforms like Telegram expanded their reach and accessibility. Telegram currently has over 900 million users, and its integrated blockchain TON recently surpassed Ethereum in daily active users. Some experts believe tap-to-earn games have a bright future, as they offer an accessible entry point for newcomers to the crypto space and can drive mass adoption of digital assets.

However, other experts are more skeptical about the long-term prospects of tap-to-earn games. They argue that these projects may be primarily designed for marketing and hype, with concerns that they could collapse like pyramid schemes once the initial excitement fades. There are also doubts about the ability of these games to offer lasting value and sustain interest in their tokens.