Telegram-Based Notcoin Prepares for Post-Launch Transformation

Telegram-based crypto game Notcoin boasts an impressive 9 trillion faucets mined through its in-game currency, Notcoin. With the upcoming token launch on The Open Community, Notcoin plans to relaunch and introduce a new rewards model. While pre-launch mining is complete, the in-game currency will be exchanged for NOT tokens upon launch, with no further tokens to be minted. Open Builders aims to leverage Notcoin's popularity to expose blockchain users to new projects and reward them within the ecosystem. Mining will continue through staking pools, while projects can purchase NOT tokens to fuel gameplay rewards. Notcoin also explores integrations with other Web3 games and mainstream Web2 games, enabling players to earn and spend NOT without the need for direct wallet integration. The long-term goal remains to decentralize the ecosystem by allowing projects to directly integrate NOT tokens and reward players for their participation.

Telegram-Based Notcoin Cryptocurrency Embarks on Post-Token Launch Evolution

Telegram-dependent cryptocurrency Notcoin has wrapped up its highly successful mining phase, amassing a staggering 9 trillion virtual faucets within its system. However with gameplay temporarily suspended ahead of the highly anticipated April 20 launch on The Open Community, the faucet frenzy has come to a halt for now.

Relaunch with New Reward Model

Notcoin plans to relaunch its game shortly after the token launch and airdrop, but with a significant change in its reward model. Instead of minting new tokens, the pre-launch mining phase has produced the entire supply of NOT tokens. Upon launch, in-game currency will be swapped for NOT crypto tokens on The Open Community.

"The final display of Notcoin in-game will be the final number of tokens available," a Notcoin representative clarified for Decrypt's GG. "Adjusted to remove some zeroes to make a more convenient trading experience."

Harnessing Community Awareness

With approximately 35 million Telegram users participating in the Notcoin coin-tapping game, the project has generated immense awareness. Open Builders founder Sasha Plotvinov explained that the game will leverage this awareness to introduce blockchain users to new projects while rewarding them through the system.

"We want to keep this game going," Plotvinov stated. "What we want to do is basically introduce some pools for users so that they can continue mining or farming from these pools in a similar way—they'll just continue to click a button and earn currency with lower complexity and much lower rewards than they would in the mining phase."

Sustainable Rewards Model

So where will the rewards come from if no new currency is being generated? Plotvinov revealed that Notcoin will implement a system where projects can purchase NOTcoins from the secondary market and use them to fuel gameplay rewards.

This expands upon Notcoin's previous initiative of rewarding users for discovering and engaging with other projects. A Notcoin representative confirmed this week that "marketing of projects in exchange for NOT will be the primary model for farming," with official details to be released soon.

"Projects would essentially buy Notcoins from the exchange, and they send it to the smart contract that would split it into the burn component and the pool component," Plotvinov explained in February. "This pool would be the source of these coins that would be distributed out to those who click the button once we go on-chain."

Ecosystem Fund and Platform Enhancements

Recently, Notcoin also asked users to voluntarily donate a portion of their in-game earnings to an ecosystem fund. While the exact role of this fund in the upcoming gameplay rewards is unclear, the messaging suggests it could play a part.

"It will be useful for the ecosystem development to have a large amount of Notcoins for the product development, upcoming listings, and for all of the tens of millions of people that will come later," the team wrote last week. "If there are no good ideas for these tokens, they will be burned."

Meanwhile, Open Builders is exploring the integration of trading bot functionality into the Notcoin app, allowing Telegram users to buy and sell tokens directly within the messaging platform. This follows the success of similar bots on Telegram, particularly BONKbot on Solana.

A Notcoin representative confirmed this week that this development is ongoing, acknowledging that a new interface may be necessary. "There will be a widget made for a new trading experience," the rep stated.

Web3 and Web2 Integration

Furthermore, Notcoin believes its token could become a valuable integration for other Web3 games in the near term, and even mainstream "Web2" games in the future. Open Builders plans to release an API that will enable game developers to plug Notcoin features into their games, allowing players to earn and spend NOT without requiring direct wallet integration.

Decentralized Governance and Anti-Scam Measures

Ultimately, Notcoin's post-airdrop evolution aims to make the process as decentralized as possible, enabling projects to purchase NOT tokens and enter the ecosystem for players to earn rewards by engaging with their content. However, Plotvinov emphasized that the team is working on ways to prevent scammy projects from entering without resorting to excessive oversight.

"We'll keep this as decentralized as possible," he said. "We don't really want to get involved in all these campaigns or whatever as reviewers or anything. We'll try to balance this thing [so that] any project can start this themselves—but at the same time, we take quite serious responsibility for the audience that has come to Notcoin. We don't want people to face [scams]."