What Is Notcoin (NOT)?
Notcoin is a virtual coin that is designed to be earned not through mining or staking, but through user engagement. Initially, Notcoin launched as a free tap to earn game on Telegram. Built on The Open Network (TON) blockchain, users can earn Notcoins by completing simple tasks, like tapping their screens. At its peak, over 30 million users participated in the game and engaged with its play to earn model.
With its total supply now in circulation, Notcoin has transitioned into an explore-to-earn model, incentivizing users to explore and interact with other projects in the crypto world. What this means is that users will now be able to earn Notcoins as they engage with various Web3 projects. Notcoins can be used to unlock features or access content in the game, or be converted into NOT tokens, which are used for staking and governance within the TON ecosystem.
Who Created NOT?
Notcoin (NOT) was created by Open Builders, a team of developers from The Open Network (TON) blockchain. The project is led by Sasha Plotvinov, founder of TON, who envisioned a new way to engage users and reward them for their participation whilst onboarding them onto the TON blockchain.
When the NOT token launched on May 16 2024, its value grew remarkably within a short period. Reaching $2.8B market cap on June 2nd, 2024, firmly establishing itself as one of the largest players in the GameFi (Game Finance) space.
You can join the Notcoin community by visiting their Telegram bot.
How Does NOT Work?
Notcoin (NOT) uses a simple and accessible approach to user engagement and reward mechanisms. These are the features that help it to stand out:
Play-to-Earn: Notcoin is a simple, accessible game on Telegram that allows users to accumulate Notcoins by tapping on a virtual coin on their screen. An intuitive gameplay loop, combined with the ability to purchase boosts for increased earnings and auto-tapping features, ensures sustained interaction and enjoyment.
Explore-to-Earn: In its new phase, Notcoin has transitioned to an explore-to-earn model. By taking actions such as completing tasks, participating in activities, or simply exploring new platforms and applications within the TON blockchain, users are able to earn Notcoins. Once earned, Notcoins can be spent on unlocking exclusive features, purchasing digital goods, accessing premium content, or participating in special events within the TON ecosystem, offering users a range of benefits and opportunities to enhance their experience.
Community and Social Interaction: Notcoin's thriving community is a testament to its engaging and interactive design. The platform fosters a sense of camaraderie and friendly competition through team formation, friend invitations, and leaderboard challenges. This not only enhances the overall user experience but also contributes to the widespread adoption and utility of the NOT token, as users are encouraged to actively participate and interact with each other within the ecosystem.
Integration with TON Blockchain: Notcoin's integration with the TON blockchain creates a mutually beneficial ecosystem. TON, as a decentralized platform, provides the foundation for developers to build diverse decentralized applications (dApps) and services. Notcoin, with its gamified approach and extensive user base, acts as a gateway for new users to discover and engage with these dApps. By incentivizing users to explore and interact with projects built on TON, Notcoin effectively drives user engagement, adoption and usage, fueling the growth of the entire ecosystem.
What Problems Does Notcoin Solve?
Onboarding New Users:
One of the main hurdles for widespread crypto adoption is the perceived complexity and technical barriers to entry. Notcoin tackles this issue by offering a simple and engaging tap-to-earn game that requires no prior knowledge of blockchain or cryptocurrency. A gamified approach allows users to earn NOT tokens and familiarize themselves with basic crypto concepts in a fun and intuitive way. By lowering the barriers to entry, Notcoin onboards new users into the TON blockchain, expanding the potential user base for the entire TON ecosystem.
Driving Adoption of dApps:
Another challenge faced by many blockchain projects is the lack of user engagement and adoption for their decentralized applications (dApps). Notcoin's explore-to-earn model directly addresses this issue by incentivizing users to explore and interact with various dApps built on the TON blockchain. By rewarding users with NOT tokens for their participation, Notcoin creates a steady stream of potential users for these dApps, helping them gain traction and build a loyal user base.
Future of Notcoin:
With its total supply now in circulation, the project has ambitious plans to further expand its utility within the TON ecosystem. Upcoming initiatives and opportunities for the NOT token include:
Staking Opportunities:
Notcoin aims to introduce staking mechanisms, allowing users to earn passive income on their NOT holdings by locking them up for a specified period. This will not only incentivize long-term holding but also contribute to the stability of the token's value.
Social and Viral Games Platform:
Notcoin envisions itself as a hub for social and viral games on the TON blockchain. This platform will provide developers with the tools and audience to launch their own games, fostering a thriving gaming ecosystem within TON and potentially attracting even more users to Notcoin.
Why Trade NOT?
Early-Stage Future Growth Potential: Notcoin has already established a large user base of 35 million users thanks to its tap-to-earn game. However, the project is still in its early stages of development. With its upcoming transition to an explore-to-earn model and the expansion of its ecosystem to potentially include staking and become a social games platform, there is potential for further growth and increased demand for NOT tokens.
In-Game Currency: The NOT token is used as the main currency within the Notcoin game, as well as participating games in the TON blockchain ecosystem. Players can use NOT tokens to purchase in-game enhancements, such as power-ups and energy boosters, which enhance their gaming experience.
NOT Tokenomics
Total Supply: NOT has a fixed total supply of 102,719,221,714 tokens.
Distribution: In a departure from conventional token launch strategies, Notcoin opted for a 100% release of its total supply on day one.
Notcoin Conversion Rate: At the time of the token launch, users were able to convert 1000 Notcoins into 1 NOT token.
Allocation: 78% of NOT is allocated to early miners and voucher holders, mostly users which have been an active participant in the tap-to-earn-game and the broader Notcoin community. The remaining 22% is reserved for new users and future development.
Current Market Cap: As of 31st July 2024, a single NOT is priced at USD$0.01309, making the total market cap for NOT $1,342,057,060.
How to Trade Notcoin (NOT) on Flipster
Sign up for an account on the Flipster website or by downloading the Flipster app (Android or Apple).
Click the [Trade] tab.
Search for NOT and click on it.
Select the leverage (up to 100x).
Select either a Trigger Order or Market Order.
Input the amount of crypto you wish to trade, or select a percentage of your available funds to use.
Once you have confirmed the details, click the [Long] or [Short] button to open a position.
NOT Perpetual Swap Contract Specifications
Disclaimer: This material is for information purposes only and does not constitute financial advice. Flipster makes no recommendations or guarantees in respect of any digital asset, product, or service. Trading digital assets and digital asset derivatives comes with significant risk of loss due to its high price volatility, and is not suitable for all investors.