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Notcoin: Evolution Beyond the Airdrop
Telegram-based cryptocurrency game Notcoin has captured significant attention during its mining phase, amassing nearly 9 trillion taps. However, with gameplay currently on pause in preparation for the token launch on The Open Network scheduled for April 20, the tapping activity has come to a temporary halt.
Looking ahead, Notcoin plans to reintroduce its game following the token launch and airdrop, but with a revamped rewards model. Notably, the game will not mint any additional tokens, as all pre-launch mining operations have concluded. When the launch takes place, in-game coins will be exchanged for NOT crypto tokens on The Open Network.
A representative from Notcoin confirmed that the final supply of in-game Notcoin tokens will remain fixed, with adjustments made to streamline the trading experience by reducing the number of zeroes attached to the tokens.
Redefining Mining Dynamics
Addressing the absence of newly minted coins, Sasha Plotvinov, founder of Open Builders, shared insights with Decrypt’s GG on how mining operations will continue amidst this change. Notcoin aims to leverage its substantial user base, comprising approximately 35 million Telegram users engrossed in the coin-tapping game, to introduce them to new blockchain projects while ensuring rewarding experiences.
Plotvinov emphasized, “Our objective is to sustain the game and provide users with mining or farming opportunities through designated pools. Users will be able to earn coins by clicking a button, albeit with a more intricate process and reduced rewards compared to the initial mining phase.”
Introducing Project Support
Plotvinov disclosed plans for Notcoin to establish a framework where projects can acquire Notcoins from the secondary market to fuel ongoing gameplay rewards. This model, building on the platform’s existing practice of compensating users for engaging with other projects, will see projects purchasing Notcoins to facilitate future gameplay incentives.
According to a Notcoin representative, “Promoting projects in exchange for NOT tokens will form the primary farming mechanism.” Further details regarding this approach are set to be unveiled in due course.
Building on Ecosystem Growth
In a bid to support ecosystem development, Notcoin encouraged users to voluntarily allocate a portion of their in-game earnings to an ecosystem fund. Future gameplay rewards may draw upon this fund, indicating a collaborative effort to drive growth and innovation within the platform.
The platform’s vision extends beyond the airdrop phase, with plans to integrate trading bot functionality within the app, enabling Telegram users to engage in token trading within the messaging platform. Notcoin anticipates fostering collaborations with other Web3 games in the short term, potentially extending to traditional Web2 games in the future.
Paving the Way for Decentralization
Emphasizing a commitment to decentralization, Notcoin aims to empower projects to purchase NOT tokens and participate in the ecosystem to incentivize player engagement. While prioritizing decentralization, the platform acknowledges the need to safeguard users from potential scams and maintains a vigilant stance against fraudulent projects entering the ecosystem.
Plotvinov underscored the platform’s dedication to sustaining a decentralized environment and expressed a desire to strike a balance between enabling project autonomy and ensuring user protection. As Notcoin prepares for its post-airdrop evolution, the focus remains on fostering a decentralized and secure ecosystem for all participants.
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