The recent cash outflow of huge amounts of money by Notcoin miners due to the successful launch of the project has ignited a firestorm of mining among youths across Nigeria.
From classes, markets, women’s centers, streets, banks, and other places where people of all ages are gathering, holding their phones excitedly and incessantly tapping with hope and resilience to become millionaires overnight.
Tapswap, Yescoin, and others are the names on almost everybody’s phone screens, tapping while nodding heads.
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But this recent breakthrough in the controversial crypto currency mining sector has sparkly sparked a fresh debate among experts on its volatile nature, its economic implications, its legality within the frame of the law, and whether it is a sustainable way of earning money.
However, from whatever angle experts are looking at it, the recent reward given to the miners of Notcoin has attracted millions of new users who joined the Tapswap and other various mining projects.
Although the Notcoin success storyline has prompt the Tapswap minning in pursuit of financial gain, experts caution people to reduce their expectations on the project as it may succeed or fail depending on the market situation.
In an interview with DailyNews24, crypto currency analyst Murtala Idris sheds more light on the project (Tapswap). He said, “Tapswap is the new mining out of many that have come to the limelight recently, just like Notcoin, both done in Telegram.”
“The mining is just like the work done on the project, which is more marketing to be paid for with points, and those points are to be converted after the project has been launched to become a coin, which later can be cashed out.”
When asked what led to the sparks and outrage over the mining among people, he said, “It was the success story of miners recorded recently on the Notcoin mining.”
Murtala said, “For those who are into the crypto business like us, we have been doing mining even before the Notcoin, but it’s this cash out that attracted these millions of new users to join Telegram.”
He added that “but before people looked at us with emity and despair, when they see us tapping our phones, we’re called names, but here we’re today, people are rushing to be with us.”
According to Murtala, “there are numerous mining apps, but Tapswap is the most credible and reliable project, like Notcoin. They’re all under the decentralized block chain, while Notcoin is under Ton Tapswap and Solana.”
He advised people to reduce their expectations on Tapswap, as it might not likely be Notcoin. He called on youths not to rely on mining alone; if they want to enjoy it and benefit from it, they should have another alternative means of sourcing money.
The Tapswap project, which was launched last two months, was said to have made 17 to 18 million users. Although, up to the point of filling out this report, there hasn’t been any official communication on when it could be launched, Nigerians are incessantly and eagerly wanting to catch out on the project.
