What is Notcoin? The Largest Tap-to-Earn Game Project

Notcoin (NOT) is a project built on the TON (The Open Network) blockchain that features a tap-to-earn game on the Telegram messaging app.

Related Reading: What is Tap-to-Earn?

Notcoin (NOT) originated in November 2023 in a closed beta launch, the game employs a simple "tap-to-earn" mechanic, where players earn Notcoin cryptocurrency by repeatedly clicking on an animated coin in the Telegram chat. The official launch on January 1, 2024 was a major milestone, with over 5 million players joining in the first week alone. This number grew to 25 million users with 2.6 million daily active users within just one month.

On May 16, 2024, Notcoin airdropped over 80 billion NOT tokens to participants, marking a significant step towards the project's goal of fair token distribution. The NOT token has since been listed on major cryptocurrency exchanges like Binance.

Unique Features

Notcoin combines gaming, community engagement, and blockchain technology. Users can earn real NOT tokens by participating in the game and other community activities.

Earning Notcoins by Tapping

The core gameplay of Notcoin revolves around tapping on an animated coin displayed in the Telegram chat. Each tap will earn you a small amount of in-game Notcoins.

• The initial earn rate is 1 Notcoin per tap.
• To prevent abuse, Notcoin uses an energy system that limits the number of taps per session.
• Your energy recharges over time, allowing you to continue earning Notcoins.

Using Boosts and Features

Notcoin offers several boosts and features to help you maximize your Notcoin earnings:

• Rocket Boost (Turbo Mode): This feature significantly increases the number of Notcoins you earn per tap for a short period. Use it strategically to boost your earnings.
• Full Energy: This boost instantly replenishes your energy, allowing you to continue earning Notcoins without waiting for natural energy regeneration. It can be used three times per day.
• Auto Tap Bot: Once you reach the Silver League, you can activate an auto-tapping bot that will earn Notcoins for you even when you're not actively playing. This costs 20,000 Notcoins to activate.

Completing Tasks and Inviting Friends

In addition to tapping, you can earn extra Notcoins by completing various in-game tasks and inviting friends to join the game:

• Tasks: Complete tasks such as subscribing to Telegram channels or participating in community activities. These tasks can reward you with significant amounts of Notcoins.
• Referrals: Invite your friends to play Notcoin. You and your friends will earn bonus Notcoins when they join and start playing. Users with Telegram Premium get higher referral bonuses.

Joining Squads and Competing in Leagues

Notcoin also has a social and competitive aspect:

• Squads: Join or create squads to team up with other players. Squads allow you to compete on leaderboards and earn additional rewards based on your collective performance.
• Leagues: The game has five leagues: Bronze, Silver, Gold, Platinum, and Diamond. Progressing through these leagues demonstrates your skill and dedication, offering more opportunities for rewards and recognition.

Tokenomics:

• Total Supply: 102.7 billion NOT tokens
• Token Allocation:

• 78% (80.2 billion) allocated to early miners and voucher holders
• 22% reserved for new users, traders, and future development
• Conversion Ratio: 1,000 in-game Notcoins = 1 NOT token

The Notcoin tokenomics are designed to be community-oriented, with the majority of tokens (78%) allocated to early miners and voucher holders. This ensures the community holds a significant portion of the total supply.The remaining 22% is reserved for onboarding new users, facilitating trading, and funding future development of the project.

Notably, Notcoin employs a 1,000:1 conversion ratio, where every 1,000 in-game Notcoins can be converted into 1 NOT token upon the token's launch. This mechanism helps bridge the gap between the in-game currency and the actual cryptocurrency. The Notcoin team has also announced plans to introduce staking opportunities and additional incentives for users post-launch. This is aimed at fostering long-term engagement and value growth within the Notcoin ecosystem.

Burning Mechanism

The Notcoin token burn mechanism aims to reduce the overall supply of NOT tokens over time, creating a scarcity effect that can potentially increase the token's market value.

Initially, the Notcoin team manually controls the burn process by sending a specified amount of NOT tokens to an inaccessible address, permanently removing them from circulation. In June 2024, Notcoin has burned $3 million worth of NOT tokens. Future phases of the burn mechanism may include automated processes triggered by specific conditions, such as transaction volumes or periodic intervals. This ensures a continuous reduction in supply without requiring constant manual intervention.

Future Prospects

Notcoin plans to burn or distribute another $5 million worth of NOT tokens, aiming to reduce supply, and reward players, showcasing the game's commitment to engaging its player base and managing token economics.

Notcoin also revealed that $4.2 million worth of Notcoin will be awarded as an incentive for Gold and Platinum users of Notcoin Explore. The ‘Explore’ initiative lets users earn NOT and other bonuses from projects by completing various tasks. Crypto projects can add Notcoins to the Explore pool and create a campaign involving users completing multiple tasks. This expansion beyond the core Notcoin game is part of the project's plans to continuously innovate and introduce new applications that utilize the NOT token to drive user engagement and adoption.

By continuously improving the token economic design, incentivizing players, and expanding the applications, Notcoin is working to establish a sustainable gaming project.