What is Notcoin (NOT)?
Notcoin, a GameFi sensation, has taken the crypto world by storm with its innovative tap-to-earn gameplay and vibrant social community. Operating within the The Open Network ecosystem, Notcoin also benefits from Telegram’s vast reach. This project is poised to become the ‘Netflix of gaming’. But what is Notcoin? Learn more about what makes Notcoin unique, its prospects, and why it’s a standout in the GameFi space.
Article Summary
- ⚠️ Notcoin is a GameFi platform integrated with Telegram, developed by Open Builders. It provides a unique social gaming experience with an “explore-to-earn” concept.
- 🤑 Notcoin users can earn NOT tokens by completing various in-game missions.
- 🕹️ Notcoin has its main feature as Not Games which hosts various new games. There is also a Community feature that allows community interaction and promotion via Telegram.
- 🚀 Notcoin aims to become the premier launchpad platform for game developers. Additionally, in their roadmap, they plan to introduce staking services.
What is Notcoin?
Notcoin is a GameFi platform built on the Telegram ecosystem. Developed by Open Builders, a renowned game developer, Notcoin has gained significant traction. Due to its simple concept and seamless integration with Telegram, it offers a unique social gaming experience compared to other crypto games.
Initially, Notcoin introduced a “tap-to-earn” to encourage users to explore the Web3 ecosystem through engaging interactions. This simple yet effective mechanism and the promise of an airdrop propelled Notcoin to rapid popularity.
As the name suggests, users simply needed to register and tap on a gold coin icon to earn in-game rewards. Additional missions yielded extra points, contributing to the overall airdrop distribution.
The Notcoin (NOT) airdrop took place on May 16, 2024, distributing over 80 billion tokens. More than 11.5 million users claimed their share. Following the airdrop, major exchanges quickly listed the NOT token. Within weeks, NOT's market capitalization surged past $1.8 billion, and its price skyrocketed by over 164%."
Want to know about what TON is? Find out the explanation in the following article.
How does Notcoin Work?
Notcoin operates on the secure and scalable blockchain infrastructure of The Open Network (TON). This integration allows Notcoin to connect with other TON-based applications seamlessly. As previously mentioned, Notcoin initially employed a tap-to-earn model within a Telegram-based game.
However, with all NOT tokens now in circulation, Notcoin has transitioned to an “explore-to-earn” model. In this new phase, users can interact within the game and earn rewards by exploring the vast ecosystem of over 53,000 Web3 products and communities on Telegram.
Through the app, players can undertake various exploration missions. These missions may involve simple tasks like clicking, watching ads, or completing specific challenges. Upon mission completion, players earn NOT tokens as rewards—the more challenging the mission, the greater the reward. Notcoin also offers booster features to increase the token reward for each mission.
Find out the latest developments in the TON ecosystem in the following article.
Notcoin’s Features
So far there are two main features in Notcoin: Not Games and Not Community.
Not Games
Notcoin has discontinued its popular game, Notcoin Clicker, and has launched a new platform called Not Games. This platform hosts various games developed by external game development teams. The first game available on Not Games is Lost Dogs: The Way, and another game called Not Pixel is currently in development and will be launched soon.
In Lost Dogs: The Way, players predict which card will win based on specific criteria, such as choosing the least popular card. If their prediction is correct at the end of the game, they will receive $WOOD tokens and bonus $NOT tokens.
Apart from games developed by external teams, Notcoin plans to introduce special games exclusively for Telegram users. Not Games also includes a “Play with Squad” feature, allowing users to team up and earn more points and tokens.
Not Community
The Community feature is designed for communities seeking to promote their platforms or campaigns to the Notcoin user base. As for users, they can explore and find various communities or campaigns that align with their interests.
The fee is 15 NOT per hour for promoting communities or projects. Joining the Not Community can be an exciting means of promotion, thanks to the high exposure that can be obtained from the massive number of Telegram users. According to Notcoin’s data, 200 projects have been launched with 22.5 million participants.
Additionally, the Community feature allows players to form “squads,” which are collaborative groups within a game. These squads are established by Telegram channel administrators, enabling users to contribute to and engage with a larger community.
Beam is another platform for game development teams and communities. Learn more here.
NOT Tokenomics
NOT is the native token of the Notcoin ecosystem. It has a total supply of 102.7 billion tokens. A significant 78% of the total supply was allocated to miners. Unlike many other tokens, NOT allocated no tokens to investors, aligning with the project’s community-centric goals.
Of the 102.7 billion NOT tokens, 80.2 billion were distributed to miners through an airdrop on May 16th. The remaining 22.5 billion NOT tokens are reserved for 300 million new Notcoin users, traders, campaigns, and future development.
A breakdown of 9% was allocated to Ecosystem Funds to ensure the growth and development of Notcoin. While 5% each goes to community and development incentives. Lastly, 3% is allocated to Binance Launchpool.
NOT Token as Investment
Notcoin plays a pivotal role in the TON ecosystem, particularly in developing and adopting dApps. Developers can leverage Notcoin as an incentive mechanism to boost user engagement within their dApps. By integrating Notcoin rewards, developers can establish a self-sustaining economy within the TON ecosystem.
By being part of the TON ecosystem, Notcoin can interact seamlessly with other TON-based applications and services, expanding its functionality and reach. Moreover, TON’s active and growing community provides a supportive environment for Notcoin’s development and adoption. Collaborations with other TON-based projects can broaden Notcoin’s functionalities and open new revenue streams for both Notcoin and its users.
The high adoption rate and interest in Notcoin are evident in CoinMarketCap research. In June 2024, Notcoin was the most-held asset in Africa. It ranked second in both Asia and Europe, trailing only Bitcoin. This is remarkable, considering Notcoin outperformed other prominent assets like ETH and SOL.
Notcoin’s roadmap includes big plans to ensure the project’s growth and integration within the crypto world. It highlights key plans like staking and a social games platform that will shape the future of Notcoin.
Notcoin plans to introduce staking opportunities for users. This will let them earn interest on their $NOT tokens, giving an extra incentive to hold the cryptocurrency. Additionally, Notcoin envisions its platform as a hub for various social and viral games. Sasha Plotvinoc, Co-Creator of Open Builders, expressed the ambition to make Notcoin the “Netflix of gaming.”
Notcoin aims to be a launchpad for game developers, ensuring they have access to a vast audience. As Sasha stated in an interview, “This platform will serve as a launchpad for developers, granting them access to a vast audience.”
The NOT’s price has been quite volatile. Following the airdrop, it dipped to a low of $0.004. However, it later skyrocketed to an all-time high of $0.023. Unfortunately, the price has declined and is currently trading at $0.011.
Conclusion
Notcoin is a GameFi platform that has gained significant attention due to its simple, social gaming concept. Initially, Notcoin used a “tap-to-earn” mechanism, but it has since transitioned to an “explore-to-earn” model. In this new model, users earn rewards by exploring various Web3 products and communities within Telegram.
The NOT token serves as the native currency within the Notcoin ecosystem. A substantial portion of these tokens was distributed to users through airdrops, while the remainder was allocated to community initiatives and future development. Despite the volatility of the NOT token, Notcoin shows a promising outlook. It boasts a strong community and has ambitious plans to become a key player in the TON ecosystem, offering staking services and serving as a launchpad for game developers.
How to Buy NOT on Pintu
After knowing what Notcoin is, you can start investing in NOT by buying it on Pintu app. Here is how to buy crypto on Pintu application:
- Create a Pintu account and follow the process of verifying your identity to start trading.
- On the homepage, click the deposit button and top up the Pintu balance using your preferred payment method.
- Go to the market page and look for NOT.
- Click buy and fill in the amount you want.
- Now you have NOT!
In addition to NOT, you can safely and conveniently purchase a wide range of cryptocurrencies such as BTC, ETH, SOL, and others safely and easily on Pintu. Pintu diligently evaluates all its crypto assets, highlighting the significance of being cautious.
Pintu is also compatible with popular wallets such as Metamask to facilitate your transactions. Download Pintu app on Play Store and App Store! Your security is guaranteed because Pintu is regulated and supervised by Bappebti and Kominfo.
In addition to buying and trading crypto assets, you can expand your knowledge about cryptocurrencies through various Pintu Academy articles. Updated weekly, all Pintu Academy articles are made for knowledge and educational purposes, not as financial advice.
References
- Notcoin Community, What is Notcoin?, Telegram, accessed on 2 August 2024.
- Ruholamin Haqshanas, What is Notcoin?, Technopedia, accessed on 2 August 2024.
- Jordan Leech, What is Telegram game Notcoin and how do you play it? The Block, accessed on 2 August 2024.
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