|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cryptocurrency News Articles
Notcoin Teases a “Fresh Start” as It Burns $3M Worth of NOT Tokens and Rewards Community with $5M
Jun 27, 2024 at 06:35 pm
Viral Telegram game Notcoin has teased a “fresh start” amid a campaign that will see approximately $8 million worth of NOT tokens either burned or given out to the community.
Notcoin, the viral Telegram game that captivated the crypto world with its tap-to-earn mechanics, is now pivoting its strategy following the completion of its airdrop campaign.
The game, which saw over 35 million players tapping away on their screens to collect digital tokens earlier this year, has now burned approximately $3 million worth of unclaimed NOT tokens.
These coins were later converted to NOT tokens in the largest crypto gaming token launch of 2024 so far.
Notcoin’s success was largely tied to the looming possibility of an airdrop, but now with that out of the way, the game is finding new ways to keep players engaged. In turn, the developers have started to burn NOT tokens to trim the supply and reward players as well, all while teasing some kind of “fresh start.”
On Tuesday, $3 million worth of unclaimed NOT tokens were burned, the team announced, thus removing them from circulation.
Alongside this, the team confirmed to Decrypt, that an additional $5 million of NOT tokens will be distributed as “bonuses” to community members. It was first announced as $4.2 million worth, but that may reflect the constantly changing price of the volatile crypto token.
Notcoin Tokenomics is now extremely community oriented.
Notcoin worth $3M just burned from the emission 🔥
$4.2M will go as incentive for Gold and Platinum users of Notcoin Explore (thank you guys) pic.twitter.com/70vXTWk5YE
— Notcoin Ø (@thenotcoin) June 25, 2024
In May, Notcoin rolled out earnings missions that let players passively earn crypto. Depending on how much you’ve earned in the game, you’re given a rank, with the highest level being Platinum. These additional tokens given out as “bonuses” will be distributed to those in the Gold and Platinum ranks.
Any remaining unclaimed NOT tokens from the airdrop campaign will go to the Notcoin treasury, which the team confirmed will be used to help support the project’s future development. Ultimately, 95% of NOT tokens will be held by the community, with the remaining 5% sitting in the Notcoin treasury.
Hours after this was announced on Wednesday, some type of new beginning was teased in the official Notcoin Telegram channel.
“The great reset, the fresh start,” the message read. When you click the hyperlink in the message, it takes you to the Lost Dogs Co. Telegram channel, which had recently posted a graphic with a NOT coin in it. That graphic was also shared within the Notcoin channel.
What is Lost Dogs?
Launched in early 2023, Lost Dogs is a collection of 2,222 randomly generated NFTs on the The Open Network (TON), the same network that Notcoin uses. According to GetGems, one of the leading TON NFT marketplaces, Lost Dogs has the seventh-largest total sales volume over the past 30 days.
“Using our special breeding mechanism, you can create over 1.5 million unique dogs,” the GetGems listing explains. “To further customize your dogs, you can use the Mutagen Collection to manipulate your Dog’s DNA during breeding and unlock their offspring's mutant potential!”
But the question is: What does this have to do with the clicker game Notcoin?
Earlier this year, Open Builders founder and Notcoin co-creator Sasha Plotvinov told Decrypt that the project is aiming to “become the Netflix of social, viral games.”
He explained that Notcoin’s success would be used to create a launchpad for other, independent developers to create their own viral social crypto games. These projects would be allowed to tap into the infrastructure and audience that the Open Builders has created for itself, and continue to fuel the game’s token-driven economy.
I hear the jingle of @thenotcoin in your backpack – that silence in-between is a scream of coins that are $NOT.
Dropped by here eager to complete your quest? And here you found us! We're the Lost Dogs. 🐶 pic.twitter.com/HJY5SGZXnL
— Lost Dogs (@LostDogsCo) March 27, 2024
As a result, fans have begun to speculate if this reference to the Lost Dogs may be the beginning of this move—but there’s been nothing announced along those lines just yet.
The future of Notcoin, as set out by Plotvinov, is a Netflix-like environment with playable games and social experiments in which users hop from one experience to another. This vision is underpinned by TON and its unique relationship with Telegram, which will allow for data and connections to be taken from one experience to the next.
Whether Lost Dogs is the first step towards that plan remains unclear—but something is about to happen with Notcoin as
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
-
- 7 Ways to Get Rich with Cryptocurrency in 2023
- Sep 25, 2024 at 02:25 am
- Cryptocurrency is considered a popular subject that has the ability to attract both freshers and experienced traders. As we enter 2023, many people are curious about how to take advantage of this digital investment opportunity. Although cryptocurrency is considered a risky method for investing, there are successful strategies to enhance the chances of building wealth. This article will look into the top seven ways to get rich through cryptocurrency this year, starting with one of the most promising methods.
-
- DOGS Token Holders Vote on the Future of 17.7B Unclaimed Coins
- Sep 25, 2024 at 02:25 am
- The DOGS community has called upon its members to vote on the future of 17.7 billion unclaimed tokens. This vote allows token holders to select one of three options: burning the coins, donating them to charity, or adding them to the project's treasury for future development.
-
- EasyA x Polkadot University: Decrypting the Future of Blockchain Education
- Sep 25, 2024 at 02:15 am
- EasyA, the world's leading blockchain education platform, proudly announces the launch of its EasyA x Polkadot University. This will be the world's first university focused on educating the next generation of blockchain developers.
-
- Ambire Wallet: A New Generation of Crypto Wallets with Decentralized Governance
- Sep 25, 2024 at 02:15 am
- Ambire Wallet is a self-custodial crypto wallet with “smart” features that make it suitable for both newcomers and more experienced crypto natives.
-
- Black Agnus (FTW) Price Skyrocketed 820% in the Last 24 Hours, Will It Continue to Surge?
- Sep 25, 2024 at 02:15 am
- The next-gen meme coin that combines memes with DeFi has seen several major surges and slumps lately, soaring over the past weekend before imploding yesterday.
-
- Bitcoin Is Back, and This Time It's Here to Stay, Says Greg Taylor of Purpose Investments
- Sep 25, 2024 at 02:15 am
- After hitting more than US$65,000 in 2021, then sinking to near US$16,000 a year later, the price of BTC has shot back up this year.
-
- Predicting October 2024: Crypto Investors Anticipate a Bullish “Uptober”
- Sep 25, 2024 at 02:15 am
- As we step into October, investor outlook is notably optimistic, with roughly 75.3% of investors worldwide expecting a bullish trend commonly referred to as Uptober.
-
- W3GG Announces Exchange Listings on Gate.io, MEXC, and Uniswap
- Sep 25, 2024 at 02:15 am
- W3GG, the Yield Guild Games (YGG) backed decentralised gaming protocol, is thrilled to announce the listing of its native token, $W3GG
-
- Toncoin (TON) Fundamentals Signal Bullishness as DEX Activity Surges, Targeting STON.Fi as the Market Leader
- Sep 25, 2024 at 02:15 am
- Toncoin [TON], a Layer 1 smart contract platform specialized in financial applications, has been showing an interesting trend in its blockchain activity.