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Cryptocurrency News Articles
W-Coin Introduces Token Burn Mechanism to Reward Active Users in Its Tap-to-Earn Game
Nov 29, 2024 at 04:01 am
The Telegram W-Coin project, a tap-to-earn tokenized game, will introduce a new mechanism for user engagement, per the announcement.
W-Coin, a project on Telegram that combines tapping games with tokenized rewards, will introduce a new user engagement mechanism, according to the announcement. The tap-to-earn game aims to allocate WCOIN tokens for activity. To counteract idle accounts, the game will introduce W-Burn.
If users are not online for three days, 5% of their balance will be burned daily until the next login. This will ensure that only active players have more weight in the W-Coin ecosystem, instead of passively holding points for the TGE airdrop.
The burn will affect pre-airdrop balances starting from midnight on November 27. The burn will redistribute value to active players, reclaiming potential token drops from inactive accounts.
Some players greeted the new rule as rewarding for loyal players who were not tired of tapping. For others, the three-day idle rule was too harsh compared to other mini-games. The end goal of W-Coin is to distribute 70% of the native token supply to the community, with 30% retained for growth and future incentives.
The three-day rule may also work as an incentive to join W-Galaxy, the game’s premium version. The paid version can be acquired for 1 TON, trading at $6.51. W-Galaxy players will not lose their WCOIN balance to burns, and will accrue other benefits.
W-Galaxy offers an automatic 3X on all rewards, and all WCOIN earned will be immediately unlocked at the TGE event. Players of the premium version will also receive double the WAI rewards. The incentives include other online or offline events and earnings to be announced in the future.
While the entry price is relatively low, W-Coin already saw an outflow of loyal users and is now entering the phase of pay-to-play.
W-Coin tries to revive tapping game fame
Tapping games slowed down since the peak airdrops of Hamster Kombat. To keep its users busy, W-Coin will effectively redistribute rewards to the most active accounts.
So far, the W-Coin channel is still far from the number of subscribers for the earliest tapping games. The channel has attracted a community of around 13M users, despite some outflows in the past month. The community channel posts regularly reach 1.5M users per day.
In-game data show W-Coin has up to 37M active tappers at the busiest moments, while around 7.7M connected their Toncoin wallets. The WCOIN airdrop would be smaller compared to the Notcoin, TapSwap and Hamster Kombat events.
The game’s team has not set aside a token allocation for itself. Instead, the remaining 30% of the tokens will be used for liquidity and to boost exchange listings.
The W-Coin game uses a Telegram mini-app to start accruing a balance immediately. Players earn WCOIN, and may also have a WAI token allocation based on the project’s AI component.
W-Coin may be hitting its stride, as the channel has grown over the past eight months. The community grows by thousands per day, and the channel is increasing its citation index. However, the actual TGE has no deadline and the tapping or mining stage may continue for months.
W-Coin moves on to next-stage incentives
W-Coin goes beyond daily tapping and requires users to use the latest boosters and items. Additionally, there are daily missions for extra points, distributed through Azur Games.
The tasks are available through the game’s Telegram channel and apps and assignments will change daily.
The staking stage of the W-Coin game is over, and the next stage will include new boosters. The Tap, Charger, and Maximizer booster will be phased out after December 10, with no more upgrades.
The W-Coin game continues to urge players to engage in maximum activity, which would supposedly result in a more significant airdrop after the TGE.
The community snapshot was taken at the end of October, which explains the outflow of nearly 30K users in the past 30 days. However, activity in the coming weeks until the TGE event may result in additional allocation.
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