What is Notcoin?

Notcoin is a “Tap to Earn” game available on Telegram. Users earn in-game tokens by simply tapping a button. These tokens can eventually be converted into $NOT, a token with real-world value.

Notcoin aims to offer users a fairer method for acquiring tokens and to engage TON Foundation members in rewarding them. Furthermore, Notcoin seeks to simplify the process of cryptocurrency issuance, avoiding monopolization by Key Opinion Leaders (KOLs) and institutions.

Notcoin Gameplay

Notcoin’s gameplay revolves around players earning in-game coins by tapping the screen, a process referred to as “mining.” Players can access Notcoin through Telegram. Once in the game, they can earn Notcoin by completing tasks, tapping the token icon, and engaging in various activities. Each tap increases its Notcoin count. It’s important to note that Notcoin features an energy bar; with each tap, the player’s energy decreases. However, when not tapping, the energy gradually recovers.

For social promotion, players can boost their Notcoin earnings by inviting friends. They can also earn additional rewards by reaching achievements, joining specific groups, and completing advertisement tasks.

Moreover, Notcoin includes boosts that players can acquire or purchase through in-game actions. These boosts, such as energy recovery, speed enhancement, and multi-tap, temporarily increase a player’s tapping efficiency or speed up energy recovery.

Mechanism Analysis

Clicking: In the game, players primarily earn Notcoin by clicking on coins that appear on the screen. Occasionally, a “rocket” icon will also appear. Clicking the rocket increases the efficiency of mining Notcoin.

Teams: Players can form teams to mine Notcoin together. Joining a team rewards you with a bonus. Future updates are expected to enhance the team function, adding multiplayer collaboration and interactive gameplay.

Leagues: Notcoin features five league levels: Bronze, Silver, Gold, Platinum, and Diamond. When players reach a certain point threshold, they automatically advance to a higher league and receive rewards.

Friends (Frens): Players can invite friends to join the game and earn coins. For instance, a regular Telegram user can earn a 2500 Notcoin reward for inviting one person. The higher the invitee’s score, the more rewards the inviter receives.

Earning: Players can earn Notcoin by completing specific ad tasks, such as subscribing to crypto channels, using test nets, and trying out games. Each task has different conditions; some project experience tasks require players to hold 7 TON.

In summary, Notcoin is a game that combines various mechanisms like click mining, team cooperation, league competition, and friend invitations. It is both profitable and enjoyable. The game mechanics are simple and intuitive, making it suitable for all types of players. The diverse gameplay and reward system enhances interaction and engagement. Players are encouraged to click frequently to earn more Notcoin, actively join teams and leagues, invite friends, and complete various tasks to maximize earnings and fully enjoy the game’s fun and challenges.

Source: chaincatcher

The $NOT Token

Use cases of $NOT

$NOT is a community token with four main uses:

1. Exploration: Users can earn $NOT rewards as they discover and explore Web3 projects.
2. Gaming: Users can earn more $NOT rewards by participating in games such as Notcoin.
3. Contribution: By holding $NOT, users can contribute to community building and ecosystem enhancement, earning rewards in return.
4. Product Promotion: Web3 developers can hold $NOT and leverage Notcoin activities to showcase their products to the community.

Pre-Market Acquisition Methods of $NOT

There are three primary ways to acquire $NOT before it becomes available on the market: participating in the Notcoin game, purchasing vouchers off-market, and “mining” on exchanges.

1. Participating in the Notcoin Game: Notcoin allocates 78% of $NOT to “miners” and NFT holders, so by playing the Notcoin game, you have the opportunity to receive airdrops. In March, Notcoin introduced a feature allowing top players to convert 10 million or 100 million in-game currency into voucher NFTs. These voucher NFTs can be traded before the official token release and are currently available on TON’s NFT trading platform, getgems.
2. Purchasing Vouchers Off-Market: Players can also purchase vouchers on platforms like getgems. Once obtained, these vouchers can be imported through Notcoin’s Telegram Bot.
3. Mining on Exchanges: This involves “mining” activities on cryptocurrency exchanges, though specific details are not provided in the text.

In summary, players can earn tokens through the Notcoin game to obtain vouchers or buy vouchers on platforms like getgems and then import them via the Telegram Bot.

Source: getgems

Exchange “mining” involves Notcoin’s partnerships with centralized exchanges, allowing users to earn $NOT by staking platform tokens, TON tokens, and other cryptocurrencies within a specified period. For instance, Gate.io’s Startup program enables users to subscribe to NOT by holding a certain amount of USDT on Gate.io. The distribution of Notcoin tokens (NOT) is then based on each participant’s subscription and the airdrop coefficient for each subscribed token.

Basic Information about $NOT

Distribution:

• Binance Launchpool will allocate 3% of the total token supply.
• Miners will receive 78% of the total token supply.
• The Ecosystem Fund will allocate 9% of the total token supply.
• Community incentives will allocate 5% of the total token supply.
• The Development Fund will allocate 5% of the total token supply.

Source: ChainHouse

Supply and Circulation: The total supply of $NOT is 102,719,221,714, with the entire amount set to be in circulation upon listing, representing 100% of the total token supply. However, this does not mean that all tokens will immediately be traded on the market. Since up to 78% of the tokens are airdropped to Notcoin players, some of whom may not be promptly informed about the airdrop or might lack the desire to participate, a portion of $NOT may remain unclaimed. Additionally, some $NOT might not be deposited into exchanges, thus not entering the secondary market circulation.

Source: ChainHouse

Notcoin initially spread virally as a Telegram game, with its simple and engaging click-mining gameplay attracting a large number of players. As a community token, $NOT benefits from Telegram’s extensive user base, giving it a natural meme appeal. In the current market, the value of meme tokens has been reassessed, with tokens like PEPE and Doge seeing significant gains. The strong performance of the meme token sector provides a solid foundation for $NOT’s market prospects. Unlike traditional value tokens that unlock in cycles, $NOT’s fully circulating nature enhances its meme characteristics. This approach also invites diverse market participation and makes $NOT more susceptible to market influences.

Notcoin Analysis

TON Support

The Telegram team created the Open Network (TON), originally known as Telegram Open Network, in 2018. Currently, TON is being developed and operated by the community-led TON Foundation. TON supports various Web3 projects, including DeFi, NFTs, and GameFi. Ton Wallet is a native wallet embedded in Telegram, allowing users to exchange TON, BTC, and USDT. Through the attachment menu in chats, users can send and receive these cryptocurrencies with their contacts, similar to WeChat Pay.

Telegram boasts over 1.3 billion registered users and nearly 900 million monthly active users (MAU). The TON ecosystem is built on this extensive user base. Notcoin can be instantly accessed within Telegram, enabling it to reach Telegram’s vast user base and benefit from Telegram’s inherent user foundation. Additionally, with theoretical TPS capabilities in the millions, TON’s performance advantages allow Notcoin to handle significant user traffic.

Furthermore, according to the TON Foundation, Notcoin is being developed by Open Builders, a prominent incubation team in the TON ecosystem, led by founder Sasha Plotvinov and her team. The official TON Twitter account has frequently retweeted Notcoin-related posts and interacted with Notcoin multiple times.

Looking Back

In less than half a year, Notcoin has achieved exponential user growth, and its token NOT has quickly been listed on major exchanges. This success is due in part to Notcoin’s strong backing by TON, which provides a solid user base and incubation resources, and also to its innovative and appealing concept.

According to official statements, Notcoin differentiates itself from other tokens by having no investors, no large holders, no shady schemes, and no marketing expenses—it’s purely driven by community growth. This new approach brings a fresh narrative to meme tokens, offering pure entertainment value with minimal barriers to entry. Notcoin reflects community spirit, providing a platform for players and users to co-create and share. It also offers a new earning opportunity through the monetization of its in-game currency, Notcoin—Tap to Earn.

Notcoin is more than just a game; it is a means to achieve fairness, allowing tokens to be shared by tens of thousands of communities and millions of users. It symbolizes a token revolution, combining gameplay, community-driven initiatives, and the emerging meme culture to present a new form of value and entertainment. By avoiding traditional factors like investors, large holders, and shady schemes, Notcoin highlights a philosophy of decentralization and community autonomy. This aligns with the democratization and equality promoted by meme culture, embodying a fair and inclusive concept that allows more people to benefit.

Source: Notcoin

Conclusion

Notcoin skillfully combines blockchain technology with gamification elements, creating an enjoyable and profitable digital economy. It has attracted a global player base through Telegram, fostering a cohesive gaming community and introducing a new spirit of meme propagation that stands for fairness and inclusivity.

With the TON community’s robust support and low-barrier gameplay, Notcoin has shown the potential for viral meme spread. Its success is not just in drawing a broad user base but also in providing a fresh approach and growth path for blockchain games with its “Tap to Earn” model. This straightforward and accessible gameplay can serve as an example for future meme projects. As Notcoin continues to grow, it is poised to become a key driving force in the advancement of the crypto gaming industry.