What is Dotcoin?

Dotcoin is a Telegram-based game where players can exchange coins simply by clicking on an icon. Users can trade their points for DTC (Dotcoin) crypto tokens. Players can interact by choosing or joining a tribe. The tribes enhance the collective earning potential of players and allow everyone within the network to earn more coins.

Dotcoin was launched on March 16, 2024. By April 2024, the user base had reached 1 million; by May, the user count had risen to 4 million. As of June 18, 2024, the app had a total of 15 million users, with 3 million daily active users. Currently, on December 19, 2024, there are 2.4 million monthly active users.

Source: telegram

Gameplay of Dotcoin

The Dotcoin game interface is simple and intuitive. A yellow dot in the center of the screen, and players can enlarge it by quickly clicking on it. The rewards for each click increase, with a maximum reward of up to x4. Players have a limited number of daily attempts, but they can use the accumulated Dotcoins to increase their daily click count or purchase the “Multitap” feature to boost the Dotcoin reward per click.

How to Start Playing Dotcoin

1. Access the Dotcoin Bot: Open the Telegram app, search for the Dotcoin direct link, and click the “Start” button to launch the bot.

Source: telegram

1. Game Interface Overview: Dotcoin’s interface is user-friendly. In the center of the main screen is a circle, and players’ goal is to accumulate Dotcoins by clicking on the circle. The more clicks, the larger the rewards. Rings surround the circle, and when clicked, it expands to these rings and increases the reward.

On the main screen, you will also find menu options including “Profile,” “Friends,” “Apps,” “Earn,” and “Upgrade.” These features help you increase your income and explore other game functionalities.

Source: telegram

How to Increase Your Earnings?

1. Efficient Clicking: Focus on clicking the center dot, quickly reaching the surrounding reward rings. Every time you hit a ring, your rewards increase significantly. Practice your click speed to hit as many rings as possible before the 25-second timer resets. Rapid and consistent clicking will help you accumulate more Dotcoins.

2. X2 Feature: Use the X2 feature in the game daily. There is a 50% chance to double your earnings. Even if the doubling fails, your balance will not decrease; you only lose one attempt. Additionally, users can purchase the 1-day or 7-day paid X2 feature to ensure continuous doubled rewards.

1. Complete Earning Tasks: In the “Earn” section, complete tasks such as inviting friends, following social media accounts, and playing games to earn additional Dotcoins. For example, inviting a user rewards you with 30,000 Dotcoins.

1. Level Up: Dotcoin uses an 80-level LVL system. The higher your level, the greater your rewards. Continuously accumulate Dotcoins to level up, unlocking additional rewards and bonuses, improving your mining efficiency, and speeding up your game progress.

2. Create or Join a Tribe: Dotcoin incorporates social elements, allowing players to create or join tribes to boost collective earnings. Players with at least 500,000 Dotcoins can create a tribe. Tribe members can collaborate, share strategies, complete tasks, and compete to earn extra rewards.

Source: telegram

Is DTC Token a Good Investment?

DTC is the core token of the Dotcoin ecosystem, and it has not yet been listed. Users earn Dotcoins by clicking in the game, which can later be exchanged for DTC tokens.

DTC has certain potential as an investment option but also faces several risks. Its biggest advantage lies in the large Telegram community, which provides a solid foundation for the circulation and use of DTC tokens, possibly driving future growth. However, the project also presents some critical risks. Looking at similar projects, such as Hamster Kombat, the following issues should be considered:

1. Internal Conflicts

According to public information, the investor AD.RU company behind Hamster Kombat publicly accused the project team of failing to meet financial commitments, resulting in tense relations and consideration of legal action. This suggests that internal conflicts within the project team could affect its stability.

2. Lack of Practicality and Appeal

Games based on the “click-to-earn” model often lack long-term appeal and engagement, making competing with more established games like The Sandbox or other Web2 games difficult. As a result, sustaining user interest becomes a challenge. With the end of airdrops, the risk of user attrition increases. For instance, Hamster Kombat had over 300 million monthly active users in July, but by December, this number plummeted to just over 21 million, losing more than 279 million users—a 90% drop.

3. Limited Airdrop

Due to the large number of users, the airdrop supply is very limited. Public data shows that 130 million users are eligible for the airdrop, with a total of 60 billion tokens to be distributed. On average, each user will receive about 458 tokens. With the market price of $0.003 per token (as of December 18, 2024), the average value of each user’s airdrop is only about $1.37.

4. Regulatory Risks

Regulatory uncertainty in the cryptocurrency industry is another significant risk. For example, the chairman of Russia’s State Duma Committee once proposed banning similar projects, calling them scams. Regulatory pressure may negatively impact the future of DTC tokens.

Source: telegram

Conclusion

Dotcoin, as an emerging project within the Web3 ecosystem, has attracted a large user base through its simple and easy-to-understand gameplay. Its close integration with the Telegram community has allowed it to build a massive user base, providing strong growth potential and becoming a key competitive advantage for the project.

However, as an early-stage project still in development, Dotcoin faces numerous challenges, including team stability, its gameplay’s long-term sustainability, and the regulatory environment’s uncertainty. Similar projects like Hamster Kombat have experienced internal conflicts and user attrition, adding risks to Dotcoin’s future.

Furthermore, with many participants, the airdrop rewards that users earn through gameplay may not meet expectations. To enhance the project’s long-term appeal, Dotcoin must focus on improving the fun and engagement of the game and avoid relying solely on airdrop expectations to retain users. Continuous innovation and user experience optimization will be key to the project’s success.

In conclusion, Dotcoin has investment potential but also carries inherent risks. Investors should carefully evaluate the project’s sustainability, market fluctuations, and ensure diversified investments to minimize risks.