Telegram Game Notcoin Plans to Burn Tokens and Reward Its Users!

Bittime - Notcoin, the pioneer of “tap-to-earn” games on Telegram, recently burned $3 million worth of NOT tokens to increase the token’s scarcity and value. The strategic move is part of Notcoin’s efforts to reward active users and maintain the economic health of the community.

Burning Tokens and Rewarding $5 NOT Coins To Users

The Notcoin team plans to significantly reduce the number of tokens in circulation by burning unclaimed tokens. This action aims to increase the scarcity and potential value of the remaining tokens.

In addition to the token burn, Notcoin also announced a series of lucrative reward programs. A total of $5 million NOT tokens will be distributed as bonuses to the most loyal community members, especially those active in Notcoin Explore Gold and Platinum levels.

The remaining unclaimed tokens will be added to the Notcoin treasury to support future development projects. This strategic allocation demonstrates Notcoin’s dedication to improving its ecosystem and securing the long-term viability of the platform. After this initiative, the overall token ownership will be split into 95% in the hands of the community and 5% in the Notcoin treasury.

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Notcoin Impact and Challenges: From Telegram Mini-App to the Future of Crypto

Since launching as a Telegram mini-app in January, Notcoin has made a significant impact on the crypto industry. Developed by Open Builders and led by CEO Sasha Plotvinov, Notcoin quickly became a sensation in the gaming community, attracting over 35 million players and 6.5 million daily active users.

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Notcoin (NOT) Price and Market Cap

At the time of writing, Notcoin's market cap is at $1.65 billion (equivalent to Rp27,240,000,000). Although significant, the figure has decreased by around 40.6% compared to early June. The same thing happened to the price of the NOT token, which fell 43.4% from its record high of $0.02836 (equivalent to Rp464,736). Currently, NOT is trading at around $0.01609 (equivalent to Rp265,024).

This incredible growth can be attributed to the “tap-to-earn” model, where users have tapped more than 8.8 trillion times collectively.

In an exclusive interview, Notcoin’s founders share insights into their project’s journey and vision for the future. The Open Platform’s Andrew Rogozov and Sasha Plotvinov discuss the challenges and strategies that have shaped Notcoin’s rapid growth and their plans for further developing the platform.

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Keeping Notcoin Viral on Telegram

Plotvinov explains that building something viral on Telegram may seem easy, but ensuring sustainability, fairness, and transparency is the real challenge. In the long run, he argues that only sustainable projects that deliver on their promises will succeed.

“My advice is to focus not only on the viral aspect but also on the purpose behind your efforts and the long-term vision. Your plan should prioritize sustainability. Test your idea thoroughly and address any doubts or uncertainties early on. Avoid creating potential problems in the future by being proactive and adaptive from the start,” Plotvinov advises.

Conclusion

Moving forward, Notcoin aims to expand its services and increase its integration with the TON blockchain. They plan to further engage the community through additional games and interactive experiences.

This focus on innovation, community engagement, and user engagement is what sets Notcoin apart in the crypto market, and positions it for continued growth. Backed by an active community and a strong ecosystem, Notcoin is poised for a promising future with new opportunities for users.

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