What is Notcoin? Exploring the unique features and use cases

What is Notcoin?

Notcoin is a well-known game on Telegram featuring a "tap-to-earn" mining concept. Initially, players could register and tap on a gold coin image to earn rewards within the game.

Players could earn additional boosts and prizes by fulfilling quests and tasks. The game garnered widespread popularity, attracting millions of participants who later received an airdrop of the Notcoin token.

Now that all coins are in circulation, the play-to-earn (P2E) game has concluded. Notcoin has entered a new phase with an "explore-to-earn" model, providing users with new ways to interact with the game and earn rewards through exploration.

$NOT token

The NOT token serves as the native cryptocurrency of Notcoin, designed to convert in-game Notcoins into a tradable digital asset. A significant portion of NOT tokens was distributed via an airdrop to users who participated in the game.

Key points

• Notcoin is a popular Telegram-based game that originally operated on a "tap-to-earn" model, where users earned in-game rewards by tapping on a gold coin image.
• Developed by Open Builders, the game has transitioned to an "explore-to-earn" model following the circulation of all coins.
• Notcoin contributes to the TON ecosystem by fostering the development of decentralized applications.
• Game features include boosts, power-ups, leaderboards, quests, and community-building elements like squads.
• Future plans for Notcoin involve introducing new earning mechanics, staking opportunities, and expanding into a platform for social and viral games, akin to a "Netflix for games."

Origins of Notcoin

Created by Open Builders, a company known for developing popular social games, Notcoin launched in November 2023 as a closed beta exclusive to Telegram.

The game's mining phase ended on April 1st, temporarily halting gameplay to record the Notcoin balances of all players. During this phase, users collectively made over 8.888 trillion taps and spent more than 17 trillion Notcoins in the game.

After the mining phase concluded, players received an airdrop of NOT tokens, an actual cryptocurrency built on the TON ecosystem.

How Notcoin works?

At its inception, Notcoin operated on a simple premise where users earned coins by tapping their mobile screens. The game's mechanics were straightforward: tap on the prominent yellow coin to receive rewards.

Notcoin also featured various boost mechanics that allowed players to increase their earnings per tap. Daily free bonuses, categorized as full energy and turbo boosts, refreshed regularly.

Players could utilize their earnings from Notcoin to purchase a variety of in-game items, such as new backgrounds or coin skins, which provided additional rewards upon tapping.

Additionally, Notcoin fostered a sense of community by enabling players to join squads, collaborative groups within the game facilitated by Telegram channel administrators. This feature allowed users to engage with larger communities and contribute collectively.

Notcoin's contribution to the TON ecosystem

Notcoin plays a crucial role in the TON ecosystem by promoting the growth and acceptance of decentralized applications (dApps).

Developers can leverage Notcoin as an incentive tool to stimulate user interaction with their dApps. By incorporating Notcoin rewards, developers can establish a self-sustaining economy within the TON ecosystem.

Moreover, Notcoin incentivizes network participants who contribute to the security and upkeep of the TON blockchain. Through staking, users can use their Notcoin holdings to validate transactions and maintain the network's reliability. Stakers receive rewards in return for their participation.

Notcoin features

Play-to-earn model

Earn Noticoins by tapping on the icon of the coin.

Boosts

Use enhancements and power-ups to amplify earnings.

Leaderboards & quests

Engage in global leaderboards and accomplish quests.

Community

Create teams, invite friends, and participate in activities together.

TON integration

Swift and secure transactions facilitated by the TON blockchain.

Notcoin tokenomics

The Notcoin ecosystem is backed by a total of 102.7 billion NOT tokens, which are distributed across various categories to foster the project's expansion and advancement.

The largest share of NOT tokens, specifically 78%, is designated for miners. In order to ensure the ecosystem's enduring growth and progress, the Ecosystem Fund receives 9% of the token supply.

Additionally, 5% of the token supply is set aside for community incentives, while another 5% is allocated towards development efforts. Binance Launchpool holds the remaining 3% of the token supply.

How can you earn Notcoin?

Previously, users could earn Notcoin simply by tapping. However, since the conclusion of the mining phase in the game, that option is no longer available.

Nevertheless, the game is poised to make a comeback with fresh features and a revamped rewards system. Once the new update is launched, players will once again have the opportunity to earn tokens by interacting with the game’s updated mechanics and joining community-driven events.

Furthermore, Notcoin intends to collaborate with various projects and platforms where users can earn NOT tokens by engaging with partner content. This may involve completing specific tasks, participating in promotions, or other interactive activities within the Notcoin ecosystem.

Notcoin roadmap

Notcoin has ambitious plans outlined in its roadmap to drive growth and establish a strong presence in the cryptocurrency market. Key initiatives include introducing staking and launching a social games platform, pivotal to shaping Notcoin's future.

To bolster token utility and incentivize long-term holding, Notcoin plans to implement staking opportunities. Investors will be able to stake their $NOT tokens and earn rewards, offering additional reasons to retain the cryptocurrency.

Moreover, Notcoin aims to become a leading platform for social and viral games. Co-creator of Open Builders, Sasha Plotvinov, describes it as a “Netflix for games.” This platform will serve as a launchpad for developers, providing them with access to a broad audience.

Notcoin pros and cons

Pros

• Extensive user base
  
• Equitable distribution
  
• Staking incentives
  
• Collaboration prospects
  
• Engaged community

Cons

• Market fluctuations
  
• Legal uncertainties
  
• Technical challenges
• Safety considerations

The project’s future

Notcoin is preparing for a comeback with exciting updates. Following a temporary pause in gameplay after the token launch, it will return with renewed opportunities for earning coins.

Furthermore, Notcoin has ambitious plans for further improvements and additions. The team aims to introduce "trading bot" capabilities, allowing users to trade cryptocurrencies directly through Telegram.

Ultimately, Notcoin envisions transforming its app into a hub akin to "Netflix for social and viral games." Developers will have the opportunity to create and deploy their own engaging social games within the platform, tapping into the large community of players that Notcoin has cultivated.

In conclusion, Notcoin, a well-known Telegram game created by Open Builders, originally featured a "tap-to-earn" concept where players earned rewards by tapping on a gold coin icon. The game has since evolved into an "explore-to-earn" model.

Looking forward, Notcoin is preparing to launch new earning mechanisms and staking options. Its vision is to evolve into a platform for social and popular games, resembling a "Netflix for games."