- $3 million worth of NOT tokens being burned by Notcoin in order to raise value and scarcity.
- Bonuses totaling $5 million will also be given to devoted Notcoin community members.
- The market value of NOT is $1.65 billion, and its price has decreased by 43.4% from its peak.
The creator of the tap-to-earn game, Telegram’s Notcoin, recently destroyed $3 million worth of NOT coins to boost value and improve scarcity.
This calculated action is a part of a bigger plan to reward contributors and maintain a robust business climate within the Notcoin community.
Token Burn and Benefits: Notcoin’s Growth Strategy
By burning unclaimed tokens, the Notcoin team intends to drastically lower the total quantity of tokens in circulation. The purpose of this action is to increase the remaining tokens’ potential value and scarcity.
Apart from the token burn, Notcoin has declared several gratifying projects. Bonuses totaling an amazing $5 million in Notcoin will be given to the most devoted community members, especially those that participate in Notcoin Explore at the Gold and Platinum levels.
To fund upcoming development projects, the remaining unclaimed tokens will be transferred to the Notcoin treasury. This calculated distribution demonstrates Notcoin’s commitment to strengthening its ecosystem and guaranteeing the platform’s long-term sustainability. Following these actions, 95% of the tokens will be in the hands of the community and 5% will be in the Notcoin treasury, according to the company’s overarching tokenomics.
Notcoin has a $1.65 billion market capitalization as of this writing. Even with the large difference, this number is around 40.6% lower than it was on June 3. Similar sentiments are reflected in its price performance, which has dropped 43.4% from its peak of $0.02836. At the moment, NOT is trading at $0.01609.
Obstacles and Achievements in Developing a Profitable Telegram Mini-App
Since its January release as a Telegram mini-app, Notcoin has had a major impact on the cryptocurrency market. Notcoin, created by Open Builders and run by CEO Sasha Plotvinov, gained popularity in the gaming community very fast, drawing in over 35 million gamers and 6.5 million active users every day. Its tap-to-earn concept, which has seen users tap more than 8.8 trillion times cumulatively, is responsible for this amazing growth.
The project’s creators provided insights into the project’s history and future goals in an exclusive interview. Sasha Plotvinov and Andrew Rogozov of The Open Platform talked about the tactics and difficulties that have influenced Notcoin’s explosive growth as well as their future plans to build the platform.
Plotvinov clarified that while creating anything viral on Telegram could appear simple, the true difficulty lies in guaranteeing its longevity, equity, and openness. He made the argument that only long-term, sustainable initiatives that deliver on their commitments will be successful.
In the future, Notcoin wants to improve its interaction with the TON blockchain and broaden its range of services. It intends to provide more games and interactive experiences to its community in order to increase engagement.
Notcoin stands out in the cryptocurrency market thanks to its emphasis on innovation, community involvement, and user engagement, which positions the company for long-term growth. With a robust ecosystem and an engaged community, Notcoin is well-positioned for growth and new user prospects.
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.
