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NOTCOIN
Notcoin is a clicker game integrated into the Telegram messaging platform. Launched in late 2023 as a Telegram mini-app, it utilizes Telegram’s broad user base to engage individuals in a digital asset accumulation scenario. Players interact with the game by tapping on a digital coin, thereby mining in-game currency named Notcoin. This gameplay mechanic introduces users to the basic concepts of cryptocurrency operations within an accessible interface. [1][2][3][6][7][4]
Gameplay Mechanics
After the gameplay was designed it attracted more than 35 million users. A virtual coin appears on the screen, and players accumulate points by tapping on it. These points, called Notcoins, serve as precursors to a cryptocurrency. The appeal of Notcoin lies in its simple gameplay and the potential of a new type of asset that combines gaming with cryptocurrency. [2][7][3]
Genesis and Viral Rise
Notcoin (NOT) was first introduced as a closed beta in November 2023 on the Telegram platform, initially as a memecoin for viral engagement. Despite the development team’s limited experience, Notcoin gained over 650,000 users within a few weeks. The official rollout on January 1, 2024, drew over 5 million players in the first week, supported by the TON Foundation, which provided technical resources, enhancing the game’s operational capabilities. [5]
Technology and Integration
Notcoin operates on the Telegram Open Network (TON) blockchain, known for its high transaction throughput and security features. The choice of TON aims to leverage the blockchain’s capabilities to support large-scale user engagement. The technical architecture of Notcoin is designed aims to maximize user engagement and accessibility, tapping into Telegram’s user base for adoption and popularity. [5]
Key Technical Features
- Blockchain Foundation: Utilizes the Telegram Open Network (TON) for efficiency and security.
- Consensus Mechanism: TON employs a consensus mechanism that enhances transaction speed and security.
- Token Supply: Notcoin has a total token supply of approximately 102.7 billion, all currently in circulation.
- User Engagement and Accessibility: The integration with Telegram, which has over 500 million active users, simplifies user interaction and promotes adoption. [5]
Economic Strategies and Utility Enhancement
Staking Initiatives: Notcoin provides staking opportunities, allowing token holders to contribute to network security and transaction validation, rewarding participants and ensuring network stability.
Inflation Control: Notcoin implements a burning mechanism to manage token supply and enhance value by permanently removing a portion of tokens from circulation during transactions and interactions within the game, aiming to counteract inflation and increase token scarcity. [2][3][17]
Market Dynamics and Valuation
Notcoin began trading with a fully diluted valuation (FDV) of $1 billion, following its distribution through an airdrop and listings on multiple exchanges. The token achieved $294 million in trading volume within the first hour of trading. [16]
Tokenomics
NOT tokens are actively traded on several centralized cryptocurrency exchanges. Binance is the primary platform for buying and trading NOTCOIN, featuring the most popular trading pair, NOT/USDT, which has seen a trading volume of $46,616,765 in the last 24 hours (as at the time this article was created). Other notable exchanges include TokoCrypto and Bybit, where NOTCOIN also maintains significant trading activity. [6][5]
Token Supply and Allocation
Notcoin's maximum supply is 102 billion, with 3% (3.06 billion tokens) allocated to Binance Launchpool users and a further 1.5% (1.53 billion tokens) set aside for OKX Jumpstart users.
Miners and Voucher Holders
The largest share, 80 billion $NOT (approximately 78% of the total supply), is reserved for miners and voucher holders who play a critical role in contributing to the network’s security and verifying transaction processes.
To ensure ongoing growth and engagement, 22 billion $NOT are reserved for new users and future expansions of the game.[2][6]
Vision and Future Directions
Founder’s Vision: Sasha Plotvinov, founder of Notcoin developer Open Builders, highlighted the project’s ambition to serve as a gateway for mass cryptocurrency adoption through engaging gameplay.
Explore-to-Earn Technology: Plotvinov envisions Notcoin evolving from a clicker game to incorporating explore-to-earn technology, restructuring the advertising market to ensure products give Notcoin directly to users through various activities and campaigns, enhancing user engagement. [8]
Key Dates and Exchange Listings
- First Introduction: November 2023 – Closed beta within Telegram.
- Official Launch: January 1, 2024 – Attracted millions of players in the first week.
- Major Exchange Listings: May 16, 2024 – Listed on Binance, OKX, Bybit, Kucoin, and Bitfinex.
Notcoin’s approach to integrating gaming and cryptocurrency, along with its technical foundation and community strategies, positions it as a relevant player in the play-to-earn (P2E) gaming sector. [9][10][11][12][13]
Partnership with Pixelverse and Musk Empire
Notcoin has established partnerships with the games Pixelverse and Musk Empire, providing additional advantages to its users.
Pixelverse’s PixelTap and Musk Empire, which is themed around Elon Musk, have announced collaborations with Notcoin. PixelTap’s partnership was disclosed shortly before the launch of Pixelverse’s PIXFI token on The Open Network (TON). The token is expected to offer rewards, but details regarding an airdrop are not yet available.
Pixelverse will offer staking rewards for holders of Notcoin (NOT) and integrate Pixelverse-themed missions within Notcoin, with a total prize pool of $250,000. Notcoin players who reach Gold or Platinum levels will receive benefits associated with Pixelverse.
Musk Empire, a game where players enhance their own version of Elon Musk, has also entered into a partnership with Notcoin. Following a temporary rebranding to “NOT Empire” and the addition of Notcoin visuals, Musk Empire has introduced special missions for Notcoin players, especially those with Gold or Platinum levels. [18]
NOTCOIN
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July 22, 2024
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REFERENCES
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[17]
Binance: "Staking #Notcoin , simple math for Platinum holders, this is certainly a good offer.. "
Jul 22, 2024
[18]
Notcoin users now receive benefits in Pixelverse and Musk Empire games
Jul 22, 2024