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Home»ETHEREUM NEWS»What is Notcoin? What’s behind Telegram-based games and airdrop details
ETHEREUM NEWS

What is Notcoin? What’s behind Telegram-based games and airdrop details

By Crypto FlexsMarch 31, 20245 Mins Read
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What is Notcoin?  What’s behind Telegram-based games and airdrop details
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Notcoin is Telegram based games It has captured the attention of millions of players over the past few months. The game got tough 34 million total players, which recently hit a high of 6 million daily active users. This is much bigger than most cryptocurrency games.

Created by Open Builders, the game is based on the Telegram messaging app and will release tokens from: open network (TON) Sometime in the next few weeks. The founder previously said decryption The team sees this as a unique way to distribute tokens to community members in a fair way.

What could motivate 34 million players to tap gold on a messaging app? Of course, there are cryptocurrency rewards too! Here’s what you need to know about Notcoin and its upcoming token.

What is Notcoin?

Simply put, Notcoin is a social clicker game. Players who want to earn in-game coins can open the Telegram app, tap on the Notcoin bot, invite friends to the game and jump in.

When you enter the game, gold coins will appear on the screen, and you can get in-game currency called Notcoins by tapping on the gold coins. Your limited energy depletes and recharges slowly over time, so you can’t click endlessly without a barrier.

As you earn more and more Notcoins, you can climb the global leaderboard divided into different tiers, from Silver League to Diamond League. Players can earn additional tokens by completing quests, which usually involve tasks such as following a Twitter account or joining a Telegram community.

Players can also use “boosts” or power-ups in the game that increase their earning potential. There are two categories of free boosts that are refreshed daily: “Full Energy” and “Turbo” boosts, with additional permanent boosts available for players to purchase with Notcoins. These perks allow players to increase the number of coins they earn per tap and the amount of energy they can expend at once, as well as an Auto-Tap bot that will continue to collect coins even while you are away.

Players can use the Notcoins they earn to purchase cosmetic upgrades to change the game’s background or change the appearance of coins they tap.

What is a NOT token?

Nonetheless, you may still be wondering. Why are 30 million people tapping coins to earn in-game currency? The Notcoin team was initially cautious about the possibility before announcing an airdrop of real-world tokens that would be awarded to players.

The token, called NOT, will eventually be activated on The Open Network (TON), a network originally founded by Telegram itself, and can be exchanged for in-game Notcoins earned by players.

On March 30th, the Notcoin team shared the token economics, essentially stating that 100% of NOT tokens will be given out to the more than 34 million players who tapped and mined the coins. They wrote in a tweet thread and in the official Telegram community that there would be no “Bitcoin-style early whale”. However, some tokens may be useful in strengthening the ecosystem.

“Holding a meaningful amount of Notcoin for product development, future listings, and the millions of people who come next will help grow the ecosystem,” they wrote. “If there are no good ideas for these tokens, they will be burned.”

Notcoin has a Bitcoin-style distribution that allows you to mine coins with little effort.

But there are no Bitcoin-style early whales.

All coins are distributed in a very thin layer of over 34 million (~0.0003% average miner allocation).

— Notcoin Ø (@thenotcoin) March 30, 2024

As a result, Notcoin is asking players if they want to donate a portion of their mined tokens to the ecosystem fund. The Notcoin app on Telegram now asks players if they want to donate 10%, 20%, 30% or 50% of their coins. Alternatively, you can choose to “keep it on my own.” And there is no obligation or incentive here.

“There will be no bonuses for participation, only respect,” the message reads.

When will the NOT token be released?

The Notcoin team has been particularly mysterious about when the token will be released. Recently they placed a glitch-like graphic that briefly showed “7 Days” on the player’s screen. They posted on their community channels to track down the glitch and let players know: The “mining phase” ends on April 1st—Then a new stage of the game begins.

A Notcoin representative said: decryption‘s GG can’t confirm exactly when the airdrop will occur, but says it will happen within two weeks of the announcement on March 25.

Pre-market gift certificate

Prior to the airdrop, the Notcoin team recently NFT Voucher Program. Any player who has earned more than 10 million Notcoins will be able to convert their Notcoins (10 million units) into NFT vouchers.

Vouchers can be bought, sold or traded before the NOT is actually released, allowing players to guess the final price of the actual tokens. Currently, Notcoin vouchers are trading for around 10 TON or approximately ~$50 per voucher.

Players without 10 million Notcoins need not worry. Once the token is activated, Notcoins can be exchanged directly for NOT and you don’t actually miss out on anything by not participating in the voucher system. Well, other than a little speculation.

Editor: Andrew Hayward

Editor’s note: This article was originally published on March 27, 2024, and was last updated on March 30.

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