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Home»BITCOIN NEWS»What is Notcoin (NOT)? – Bitfinex Blog
BITCOIN NEWS

What is Notcoin (NOT)? – Bitfinex Blog

By Crypto FlexsMay 17, 20246 Mins Read
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What is Notcoin (NOT)?  – Bitfinex Blog
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May 16th What is Notcoin (NOT)?

Posted at 13:22h
in education, tokens
by admin

Notcoin has carved out a niche for itself as a highly engaging clicker game within the Telegram app, captivating over 35 million users worldwide. Developed by Open Builders, the game simplifies the cryptocurrency gaming experience by allowing players to earn in-game currency called Notcoins by repeatedly tapping golden coin icons. Tapping like this depletes player energy and gradually regenerates it, introducing a strategic gameplay element that balances persistence and patience.

The game enhances the way it plays by incorporating a competitive element where players compete for rankings on a global leaderboard categorized from Silver League to Diamond League. To increase returns, players can take advantage of daily boosts or purchase permanent enhancements with Notcoins. The game also supports passive acquisition through the Auto-Tap feature, allowing players to continue collecting coins even when offline.

Notcoin, a virtual-to-real cryptocurrency, will launch its NOT token on The Open Network (TON), originally launched by Telegram. This real-world cryptocurrency allows players to convert their virtual Notcoins into something more tangible, adding a real layer of utility to their gaming activities. NOT tokens are designed to be distributed fairly to all players, ensuring that everyone, from early adopters to new players, has a fair opportunity to benefit.

In addition to gameplay, Notcoin is distinguished by the Notcoin Airdrop, which aims to expand the community by distributing free tokens. This move will not only strengthen the user base but also integrate users deeper into the cryptocurrency market, providing a low-risk entry into digital asset investments. Notcoin’s approach of combining simple, addictive gameplay with a gateway to cryptocurrency investing positions it as an innovator in the convergence of gaming and digital financial assets.

What is a NOT token?

The NOT token is set to be a new development in the cryptocurrency gaming subgenre, originating from Notcoin, a popular social clicker game that operates within the Telegram app. The NOT token, a digital asset, converts the in-game currency Notcoin into a tangible asset on The Open Network (TON), the blockchain first developed by Telegram. The transition from virtual gaming currency to real cryptocurrency gives players the opportunity to convert their gaming achievements into tradable digital currency, enhancing their gaming experience with real economic value.

The introduction of NOT tokens is characterized by a fair distribution strategy. Unlike many cryptocurrency projects that offer hefty rewards to early adopters, Notcoin guarantees that every player who participates in the game (more than 35 million in total) receives NOT tokens. This method aims to democratize the initial allocation of tokens, preventing the concentration of wealth and power that often occurs in new token launches. This approach is expected to create a more balanced and fair ecosystem, encouraging a broad base of ongoing new player participation.

In addition to game rewards, Notcoin players can voluntarily donate a portion of their tokens to the community ecosystem fund. This fund is intended to support the continued development and expansion of Notcoin and to fund new features and community growth initiatives. This aspect of Notcoin highlights its community-driven nature, relying on the collective support and participation of users to advance the game and its associated tokens.

The Notcoin project also adds an additional layer of engagement through airdrop campaigns designed to expand its user base and integrate more participants into the cryptocurrency market. By offering free tokens through airdrops, Notcoin aims to attract a wider audience and provide newcomers with an easy entry point into the world of digital currencies without any financial risk. This strategic move is expected to increase the visibility and viability of the project, potentially increasing token value and creating a more active player community.

Not token economics

The NOT token, integral to the Notcoin ecosystem, is structured with a comprehensive tokenomics model that reflects a balanced approach between broad user distribution and dedicated reserves for future development. The total supply of NOT tokens is approximately 102.72 billion. Of these, approximately 78% (approximately 80.22 billion tokens) have been allocated to be distributed to users at launch. This widespread deployment is designed to encourage participation and reward the community that supports Notcoin’s growth. Additionally, 22%, equivalent to approximately 22.5 billion tokens, will be allocated for strategic development of the Notcoin ecosystem, ensuring sustainability and fostering innovation that will enhance the platform’s offerings.

The market dynamics of NOT tokens observed on trading platforms such as Getgems demonstrate the active trading and valuation processes underlying this digital asset. According to early estimates, NFT vouchers trade at prices around $0.008 to $0.01 per token, with market capitalization estimates hovering between around $800 million and $1 billion. This trading activity indicates strong initial interest and provides insight into the community’s perception of the token’s value. Fluctuations in price following listing are expected to result in significant changes in ownership as early participants leverage their holdings and potentially new investors step in to build a new holder base that could impact the future trajectory and stability of the token. It is expected.

How to buy NOT with cryptocurrency

1. Create an account by logging in or signing up for a Bitfinex account.

2. Go to the deposit page.

3. In the Cryptocurrency section, select the cryptocurrency you do not want to purchase and create a deposit address in your Exchange wallet.

4. Send cryptocurrency to the generated deposit address.

5. Once the funds arrive in your wallet, you can exchange them for NOT. Learn how to trade on Bitfinex here.

How to buy NOT with fiat money

1. Create an account by logging in or signing up for a Bitfinex account.

2. Depositing fiat to your Bitfinex account requires full verification. Learn about the different certification levels here.

3. On the deposit page, select the fiat currency you wish to deposit from the bank transfer menu. Bitfinex has a minimum amount for fiat deposits. Learn more here.

4. Check your registered email with Bitfinex for remittance details.

5. Send funds.

6. Once the funds arrive in your wallet, you can use them to purchase NOT.

Plus, you have Bitfinex on your mobile, so you can easily buy NOT currency on the go.

(App Store) (Google Play)

Not a community channel

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