Notcoin is a Telegram-based recreation that has captured the eye of hundreds of thousands of gamers over the previous few months. The sport has racked up 34 million complete gamers, and hit a current peak of six million each day energetic customers. That’s vastly bigger than most crypto video games.
The sport, created by Open Builders, relies inside the Telegram messaging app, and can launch a token on The Open Community (TON) someday within the coming weeks. Its founder beforehand advised Decrypt that the workforce sees it as a singular approach to distribute tokens to group members in a good method.
What may inspire 34 million gamers to faucet a golden coin in a messaging app? Crypto rewards, in fact! Right here’s what it’s good to find out about Notcoin and the upcoming token.
What’s Notcoin?
Notcoin, merely put, is a social clicker recreation. Gamers who wish to earn in-game cash can open up the Telegram app, faucet the Notcoin bot, invite pals to the sport, and dive in.
When you’re within the recreation, a gold coin is displayed in your display—and also you faucet the coin to earn an in-game foreign money referred to as Notcoin. You’re given restricted vitality that depletes after which refills slowly over time, so you possibly can’t click on endlessly with out limitations.
As you earn an increasing number of Notcoin, you climb up a worldwide leaderboard that’s damaged into totally different tiers—from Silver league to Diamond league. Gamers can earn further tokens by finishing quests that often contain actions similar to following a Twitter account or becoming a member of a Telegram group.
Gamers may use “boosts” or power-ups within the recreation that enhance their incomes potential. There are two classes of free boosts that refresh each day, the “Full Power” and “Turbo” boosts, in addition to extra everlasting boosts that gamers should purchase with their Notcoin. Such perks let gamers enhance what number of cash they earn per faucet and the way a lot vitality they’ll spend directly, plus there’s an Auto-Faucet bot that retains accumulating cash whilst you’re away.
Gamers can use the Notcoin they’ve earned to buy beauty upgrades to vary the background of the sport, or what the coin they’re tapping appears like.
What’s the NOT token?
In any case that, you would possibly nonetheless be questioning: Why are 30 million folks tapping a coin to earn an in-game foreign money? The Notcoin workforce introduced an airdrop for an actual token that will probably be awarded to gamers, after being cagey concerning the risk at first.
The token, referred to as NOT, will ultimately go dwell on The Open Community (TON)—the community that Telegram itself initially based—and be exchangeable for the in-game Notcoin that gamers have been incomes.
On March 30, the Notcoin workforce shared a have a look at the tokenomics, saying that 100% of the NOT tokens will by default be supplied to the greater than 34 million gamers who mined them by tapping the coin. There will not be “Bitcoin-style early whales,” they wrote in a tweet thread and through the official Telegram group. Nonetheless, some tokens might be helpful for enhancing the ecosystem.
“It will be useful for the ecosystem progress to have a significant quantity of Notcoins for the product improvement, upcoming listings, and for all of the hundreds of thousands of individuals that may come subsequent,” they wrote. “If there are not any good concepts for these tokens, they are going to be burned.”
Notcoin has Bitcoin-style distribution, the place you mine cash for some effort.
With out bitcoin-style early whales although.
All cash are distributed as a really skinny layer (~0.0003% avg miner allocation) over 34 million folks.
— Notcoin Ø (@thenotcoin) March 30, 2024
Because of this, Notcoin is asking gamers whether or not they wish to contribute a share of their mined tokens to an ecosystem fund. Within the Notcoin app on Telegram, a message now seems asking whether or not gamers wish to donate 10%, 20%, 30%, or 50% of their cash—or they’ll select “Hold for your self.” And there isn’t any obligation or incentive right here.
“There will probably be no bonuses for participation, solely respect,” the message reads.
When is the NOT token launching?
The Notcoin workforce has been notably mysterious about when the token will launch. Just lately, they deployed a glitch-like graphic that briefly appeared on gamers screens saying “7 Days.” They adopted up the glitch with a publish in the neighborhood channel, letting gamers know that the “mining section” would finish on April 1st—after which a brand new section of the sport would start.
A Notcoin consultant advised Decrypt’s GG that whereas they couldn’t affirm when precisely the airdrop will happen, that it’ll occur inside two weeks of the March 25 announcement.
Pre-market vouchers
Main as much as the airdrop, the Notcoin workforce not too long ago launched an NFT voucher program. Any participant with over 10 million Notcoin earned can convert their Notcoin (in 10 million increments) into NFT vouchers.
The vouchers might be purchased, offered, or traded earlier than the precise launch of NOT, permitting gamers to take a position on the eventual worth of the actual token. In the intervening time, Notcoin vouchers are buying and selling for round 10 TON per voucher, or round ~$50.
Gamers who don’t have 10 million Notcoin needn’t fear—their Notcoin will grow to be instantly exchangeable for NOT when the token goes dwell, they usually’re probably not lacking out on something by not partaking within the voucher system. Nicely, moreover slightly little bit of hypothesis.
Edited by Andrew Hayward
Editor’s notice: This story was initially printed on March 27, 2024 and final up to date on March 30.
