- Trending web-3 clicker game On the TON blockchain, Notcoin has launched its cryptocurrency.
- During the listing of cryptocurrency exchanges, participants received an airdrop of more than 80 billion NOT tokens.
More than 80 billion NOT tokens will be given out to participants as Notcoin launches its cryptocurrency on The Open Network blockchain and goes live for trade on cryptocurrency platforms.
In January, Notcoin debuted as a Telegram Mini App and quickly gained popularity, drawing in over 35 million users, as per a statement given to The Block.
Telegram Mini Apps are little programs that are part of the Telegram messaging service that let users engage with different services without ever leaving the app.
By just pressing a Notcoin icon on their phone, players were able to “mine” the in-game money. The amount accumulated was then turned into the NOT token, which was then distributed at a 1000:1 ratio to all users who had a connected TON wallet.
Before today’s token generating event, Notcoin pre-market trading was introduced through an NFT trading system in March. By the time the game’s “mining” phase ended on April 1, almost 800,000 NFT vouchers had been created.
According to NFT marketplace Getgems, the NFTs became the fourth-largest NFT collection on the TON blockchain with more holdings than any other TON-based collection, with a floor price of about $26 and a total trading volume of about $26 million over the period. It is now possible to transfer these NFT vouchers at a 1000:1 ratio into NOT tokens.
Miners have received 72,265,851,714 tokens in total, and NFT voucher holders can now redeem 7,953,370,000 tokens. Through the Notcoin app, qualified users can claim the tokens and withdraw NOT on-chain.
A total of 102,719,221,714 tokens are in the NOT supply. 78% of this is allocated to “miner” and NFT voucher holders; the remaining 22% (22.5 billion NOT) is set aside for new users, traders, and upcoming development projects.
As per Notcoin’s prior announcement, “miners” will receive 100% of NOT coins in a distribution model akin to Bitcoin, with an average allocation of 0.0003%.
Making use of the messaging app Telegram
With 6.3 million users, the Notcoin team claims to have the largest Telegram channel dedicated to cryptocurrency and the fourth-largest overall. Making use of that market helped the game draw in 35 million players, or about 0.4% of the global populace.
According to the creators, this in turn allowed Notcoin to draw in “hundreds” of web3 companies to promote themselves through the game’s “earn” features, which paid players with Notcoin for taking part in activities meant to increase engagement with such projects.
The Notcoin team intends to keep rewarding users for using NOT tokens to explore the cryptocurrency market in the future. A trading bot that allows users to exchange other TON-based tokens will also be released.
Teams working on TON will also be able to onboard new users through Notcoin’s platform thanks to Open Builders, an effort that aims to fund and encourage projects on the TON blockchain. Each month, a few chosen projects will be added to Notcoin.
Disclaimer : This article was created for informational purposes only and should not be taken as investment advice. An asset’s past performance does not predict its future returns. Before making an investment, please conduct your own research, as digital assets like cryptocurrencies are highly risky and volatile financial instruments.
