What Is Notcoin (NOT)? All You Need To Know

Key Takeaways

  • Notcoin is a game integrated within Telegram where users earn NOT tokens by tapping a virtual coin and completing tasks.
  • Some see Notcoin as an easy entry point to learn about blockchain and cryptocurrency.
  • NOT tokens officially launched in May 2024 on the TON blockchain. You can now trade them on various cryptocurrency exchanges.

What Is Notcoin (NOT)?

Notcoin (NOT) is a viral Web3 clicker game on The Open Network (TON) blockchain, where users could “mine” Notcoin, the game’s digital currency. The game was first launched as a Telegram Mini App in January. As it grew, it attracted a community of over 35 million players just by tapping the Notcoin icon on their phones.

How Does Notcoin (NOT) Work?

Notcoin (NOT) operates on a simple tap-to-earn model within the Telegram messaging app. Here’s a breakdown of how it works:

  • Tap-to-Earn Mechanic – Notcoin rewards users with NOT tokens simply for tapping on an animated coin icon within the Telegram interface.
  • Earning Rate – Initially, users start with one NOT token per tap.
  • Boosters and Energy Limits – The game incorporates energy limits and purchasable booster items to encourage in-app purchases and potentially increase engagement. For example, a “Rocket Mode” can be activated to temporarily increase the tap-to-earn rate.
  • Social Features – Notcoin integrates social features to enhance the user experience. Players can invite friends to play together, potentially earning bonus rewards or extending boost durations. Squads or competitive groups might also be part of the game to add a social element.
  • Future Integration – While Notcoin does not currently utilize blockchain technology, there are hints of future integration with the TON blockchain, which could introduce new functionalities like minting tokens on the blockchain.

It is important to note that the “mining” in Notcoin refers to the tap-to-earn mechanic, not the complex computational processes used in traditional cryptocurrency mining.

Notcoin (NOT) Token And Tokenomics

Tokenomics

The NOT token is Notcoin’s native cryptocurrency. It is used for:

  • Play-To-Earn – Users can earn NOT tokens by playing the tapping game within the Telegram app.
  • Staking – You can increase your level by staking Notcoin, and the amount of NOT you have staked at the end of every month determines whether you move up or down the ranks.

Token Details

Total Supply 102,719,221,714 NOT

Circulating Supply 102,719,221,714 NOT

Current Price $0.02312

Market Capitalization $2,374,665,169

This information is current as of June 5th, 2024, and the token’s price, market value, and available supply may fluctuate.

Distribution

  • Users (78%) – This makes up the largest chunk, with roughly 80.22 billion tokens allocated to users who participated in the Notcoin game. These tokens were distributed based on in-game activity and converted from in-game Notcoins to NOT tokens at a 1000:1 ratio during the token generation event.
  • Development (22%) – Around 22.50 billion tokens are reserved for the Notcoin ecosystem’s strategic development.
  • Binance Launchpool (3%)

Where Can I Buy Notcoin (NOT)?

Binance Binance is a major exchange offering a wide range of cryptocurrencies. It offers multiple ways to buy crypto, including credit cards, debit cards, and peer-to-peer (P2P) trading.

Bybit This exchange is known for its derivatives and margin trading features, but you can also use the platform for spot trading.

KuCoin KuCoin is a smaller exchange known for its competitive fees and support for many cryptocurrencies.

Is Notcoin (NOT) A Good Investment?

Pros

  • First Mover Advantage In Tap-To-Earn – Notcoin is credited with being one of the first to utilize a simple “tap-to-earn” mechanic within Telegram.
  • Large User Base – Notcoin quickly onboarded millions of users to its platform by leveraging Telegram’s existing user base.

Cons

  • New Cryptocurrency – Notcoin (NOT) is a new currency, and there is a limited track record to analyze its performance or stability.
  • Blank Whitepaper – Notcoin’s whitepaper is unconventional and consists entirely of blank pages. There’s also a lot of hype around the token, so be sure to do your own research before making any investment decisions.

Final Thoughts

Whether Notcoin (NOT) is a good investment depends on your risk tolerance and goals. Remember, this guide only provides a starting point for your research. Always conduct your due diligence before making any investment decisions.

Via: 2Usethebitcoin.com

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