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Cryptocurrency News Articles
Notcoin: Viral Game Transforms into Anticipated Token Launch
Apr 02, 2024 at 07:02 pm
The 'mining-tapping' phase of Notcoin, a viral Telegram mini-app game, concluded on April 1st, with a high participation rate exceeding 35 million players. With an estimated value of $0.000005 per in-game Notcoin based on current NFT voucher prices, the team urged users to allocate a portion of their coins toward ecosystem development. The upcoming launch of $NOT tokens, initially anticipated in January, has been postponed several times and is now expected on April 20th.
Notcoin: From Viral Telegram Game to Anticipated Token Launch
On April 1, the Notcoin project, a viral Telegram mini-app clicker game, concluded its "mining-tapping" phase with an unprecedented level of engagement. As the final seconds ticked down, the app's concurrent users reached nearly 520,000, while the total player count surpassed an astonishing 35 million, representing approximately 5% of Telegram's active user base.
Conceptualized by the TON Foundation, Notcoin was launched in November as an innovative experiment to distribute a vast number of tokens fairly among a substantial user community. Beyond its entertainment value, the game aimed to introduce the masses to the world of cryptocurrency through an engaging and accessible format.
The next phase of the Notcoin project remains shrouded in mystery, with the team only hinting at an upcoming listing. However, users eagerly anticipate the ability to trade their in-game coins and potentially monetize their tapping efforts. Recently, the team requested that users contribute a portion of their coins to support ecosystem development, a request that was met with overwhelming support from the community.
On March 31, the team initiated a countdown for the Notcoin listing, linking it to the highly anticipated Bitcoin halving event and setting the launch date for April 20. Simultaneously, users were presented with various options for converting their in-game Notcoins to $NOT tokens, with the majority opting for the exchange of 1,000,000 Notcoins for 1,000 $NOT.
Despite initial promises of a token launch within a few weeks in January, the event has been postponed on several occasions. However, the April 20 launch date remains highly probable, with dedicated players who have amassed over 10 million Notcoins now having the opportunity to exchange their coins for pre-launch NFT vouchers on the TON blockchain.
Since March 14, voucher minting has been available, and the collection has swiftly become the largest community collection on The Open Network. The pre-market voucher volume surpassed $14 million within three weeks, with each voucher representing 10 million in-game Notcoins and currently trading at approximately $48. This translates to an estimated value of $0.000005 per in-game Notcoin.
The Notcoin project has garnered immense popularity due to its enigmatic nature and rebellious spirit. Despite the team's initial declaration of "promising nothing," users eagerly engaged with the game, tapping away and searching for additional information. Referral bonuses played a significant role in boosting the app's reach, with an impressive 94% of Notcoiners being invited by their friends.
The game's connection to the TON Foundation, perceived as Telegram's "official" blockchain, further enhanced its credibility among users. Coincidentally, The Open Network recently launched the inaugural season of The Open League, aiming to attract more projects to its ecosystem. The TON Foundation plans to distribute 30 million Toncoin, approximately $115 million, to active users and developers as rewards for their contributions.
Should the Notcoin token launch proceed, its loyal user base could propel its value to significant heights. Even if the entire endeavor turns out to be an elaborate April Fool's joke and the coin ultimately becomes worthless, it will have served as a valuable experiment, demonstrating the remarkable loyalty of Telegram users, the enduring popularity of meme coins, and the enduring appeal of clicker games offering the allure of effortless profits.
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