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Notcoin Token Launch on The Open Network (TON)
Notcoin, a viral Telegram-based game, is gearing up for its token launch on The Open Network (TON) in just over a week. The team has provided crucial information about how players’ in-game coins will be converted into on-chain tokens, streamlining the process for a seamless transition.
Conversion Details
Players have amassed an impressive number of in-game coins by tapping endlessly on their screens. To facilitate the transition to crypto tokens, Notcoin plans to simplify the conversion process by moving the decimal point three places to the left. This means that for every 1,000 in-game coins, players will receive a single NOT crypto token. The conversion rate is uniform for all players, ensuring that everyone’s earnings are accurately reflected in the on-chain tokens.
For instance, if a player mined 10 million in-game coins, they would be eligible to receive 10,000 NOT tokens. This conversion strategy aims to maintain the value of players’ earnings while transitioning to the new token system effectively.
Total Token Supply and Distribution
The total supply of NOT tokens is set at 102,719,221,714, with approximately 80.2 billion allocated to players and miners. Additionally, 22.5 billion NOT tokens, contributed by players to an ecosystem fund, will be utilized for rewarding players post-mint, funding future development initiatives, and other strategic purposes.
Notcoin has taken proactive measures to eliminate suspicious accounts believed to be automated bots using scripts to manipulate the game, ensuring a fair and transparent environment for all participants.
Future Gameplay Model
The developer, Open Builders, has outlined a future gameplay model where external projects can acquire NOT tokens from the open market and integrate them into the game ecosystem. By incentivizing players with crypto rewards for engaging with external content, Notcoin aims to enrich the gaming experience and foster a vibrant community.
This progressive approach is designed to enhance the existing gameplay mechanics, where players earned coins for interacting with Telegram channels or social media platforms. Moving forward, companies will have the opportunity to engage with Notcoin’s extensive player base by purchasing exposure, with a portion of the proceeds directed to the NOT treasury and a portion permanently removed from circulation, leading to a gradual reduction in the overall token supply.
Notcoin is also set to introduce monthly “experiences” to inject variety into the gameplay, ensuring that players remain engaged and entertained. Additionally, new meme tokens will be introduced periodically to keep the ecosystem dynamic and engaging for users.
Token Launch and Market Dynamics
The Notcoin token launch is scheduled for around April 20, coinciding with the anticipated Bitcoin halving event. Pre-market vouchers for Notcoin have witnessed a significant increase in value, with an NFT voucher for 10 million in-game coins surging from approximately $50 worth of Toncoin (TON) to $90-$100, underscoring the growing excitement and demand surrounding the upcoming token launch.
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