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Cryptocurrency News Articles
Notcoin Token Launch Details Revealed: Conversion Rates, Supply, and Future Gameplay Unveiled
Apr 11, 2024 at 11:06 pm
Notcoin, the in-game currency of the viral Telegram-based game, will launch its token on The Open Network (TON) in a week. Players' in-game coins will convert to on-chain tokens at a rate of 1,000 in-game coins to 1 NOT token, with a total of 102,719,221,714 NOT minted. Of these, 80.2 billion NOT will be allocated to players, while 22.5 billion NOT will be used for token rewards and future development. The game will also introduce new monthly experiences, burn tokens to reduce supply, and allow external projects to integrate by paying NOT tokens for player rewards.
Notcoin Token Launch Details Unveiled: Conversion Rate, Supply, and Future Gameplay
Introduction
The anticipated token launch of Notcoin on The Open Network (TON) is imminent, with the team behind the viral Telegram-based game sharing crucial details regarding the conversion of players' in-game coins to on-chain tokens.
Conversion Process
In order to facilitate seamless trading and manage the vast number of in-game coins accumulated by players, Notcoin has devised a conversion process that will shift the decimal point to the left by three digits. This means that 1,000 in-game coins will be converted into one Notcoin, while 10 million coins will yield 10,000 on-chain tokens.
Token Supply and Distribution
The Notcoin team has determined that a total of 102,719,221,714 NOT tokens will be minted. Of this supply, approximately 80.2 billion NOT will be distributed to players and miners, while 22.5 billion NOT will be allocated to the ecosystem fund for token rewards and future development initiatives.
Account Purging and Future Gameplay
Notcoin has identified and removed suspicious accounts deemed to be automated bots that exploited scripts to manipulate the game. Furthermore, developer Open Builders has outlined plans for a new gameplay model where external projects can acquire NOT tokens and integrate them into the game, incentivizing players with crypto rewards for engaging with their content.
Token Launch Timing and Value
The Notcoin token launch is scheduled to occur on or around April 20th, coinciding with the anticipated Bitcoin halving event. Pre-market vouchers for Notcoin have witnessed a significant price surge in recent weeks, with the NFT voucher representing 10 million in-game coins increasing in value from approximately $50 worth of Toncoin (TON) to $90-$100 as of Thursday.
Conclusion
The Notcoin token launch on TON marks a significant milestone in the evolution of the Telegram-based game. The conversion process, token supply, and future gameplay models have been carefully designed to ensure a balanced and engaging gaming experience for Notcoin's vast player base. As the token launch approaches, the anticipation and excitement within the community continue to grow, underscoring the potential of Notcoin to reshape the intersection of gaming and cryptocurrency.
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