In just a few months since its launch, the gaming blockchain project Notcoin (NOT) has managed to attract over 35 million users. The team promises that the asset will be listed on major cryptocurrency exchanges. Initially scheduled for April 20, the event is now postponed indefinitely.
Let’s delve into what Notcoin is all about, how to earn money by simply tapping your phone screen, and what to expect from NOT after it’s listed on trading crypto platforms.
What is Notcoin?
Notcoin is a mini-application within the messaging platform Telegram that allows users to earn coins by tapping on their mobile phone screens. This earning potential can be increased by completing additional activities, such as subscribing to Telegram channels or inviting friends.
The ability to mine the non-existent NOT tokens was removed by developers on April 1st. However, the concept was straightforward and functional:
- Tap on the large yellow coin.
- Receive rewards.
The game also featured several boost mechanics, increasing the number of coins earned per tap. There were two categories of free bonuses available: full energy and turbo, which were refreshed daily.
Players could use their earned assets to purchase various in-game perks in Notcoin. For example, they could buy new backgrounds or skins for their coins, which would reward them with additional earnings when tapped.
Additionally, Notcoin users could join forces in what were known as squads and contribute to entire communities. These squads were created by administrators of Telegram channels.
The unprecedented popularity of Notcoin
The unprecedented popularity of Notcoin began when it was first introduced in November 2023 at The Gateway conference in Dubai by Alexander Plotvinov, the founder of Open Builders, the company behind the development of the Web3 application.
Notcoin was officially launched on January 1, 2024. Within just two days, the game attracted over 1 million users, as announced by the project’s creators in the official Telegram channel.
Within a week, the number of players reached 4 million, making Notcoin the fastest-growing Web3 game. Developers noted that the project’s growth rate surpassed that of the well-known artificial intelligence chatbot ChatGPT from OpenAI, which reached 1 million users in just five days.
“Notcoin attracted 500,000 players in less than a month, surpassing the legendary applications STEPN and Axie Infinity, which were two of the most anticipated and popular projects in the short history of GameFi,” TON’s message stated.
As of April 1, when the mining stage ended, the number of Notcoin players exceeded 35 million, or 0.44% of the world’s population, developers emphasized. It took the project only three months to achieve this milestone. Meanwhile, the total number of taps reached 8.8 trillion.
Tokens $NOT, NFT-vouchers and pre-market
You might have wondered why 35 million people were tapping their screens to earn non-existent coins. These individuals are not fools but rather fortunate ones.
Recently, the Notcoin team announced the launch of a real token—players will be able to convert their honestly earned coins into NOT, which can subsequently be sold for real money. Initially, the release of the project’s native asset was scheduled to coincide with the Bitcoin (BTC) halving, set for April 20. However, it was revealed on the eve that the listing is postponed indefinitely.
Prior to this, on March 7, the Notcoin team introduced the option to exchange mined coins for vouchers on the Getgems platform. A voucher is a non-fungible token (NFT) confirming ownership of a certain amount of assets. Players could convert their in-game balance into NFT vouchers for 10 million and 100 million coins.
At the time of writing, the lowest price for a voucher for 10 million NOT is 12.6 TON (approximately $77). In the future, users will be able to exchange these vouchers for NOT tokens.
According to Dune Analytics, the capitalization of Notcoin vouchers has exceeded $290 million. The daily trading volume, according to the latest information, is estimated at $15.7 million.
On March 25, the cryptocurrency exchange Bybit launched the NOT pre-market. Holders of in-game currency were given the opportunity to purchase the cryptocurrency before it appeared on the market. The pre-sale closed on April 1st.
$NOT Tokenomics
The NOT tokenomics and airdrop details were shared by the project team on March 30th. Initially, no specific details regarding the distribution of tokens for the Web3 application were provided, but they stated that 100% of the coins would default to players.
“Notcoin’s distribution will be similar to Bitcoin, where you mine coins for certain efforts. But without early whales,” they wrote in the official Notcoin blog.
Later, on April 11th, representatives announced a denomination of balances by three orders of magnitude. This was done for the convenience of reading the NOT price. For example:
- Token price: $0.0000123 → 0.0123;
- A voucher for 10 million NOT → 10,000 NOT;
- 80 trillion in-game coins → 80 trillion NOT.
- The conversion also applies to tokens that were on the Bybit pre-market.
The total issuance of Notcoin will be 102,719,221,714 NOT. Of these, 78% – 80,219,221,714 NOT – will be distributed among 35 million miners and voucher holders.
The remaining 22% of tokens – 22,500,000,000 NOT – will go to new users, traders, listing companies, and further stages of project development. The team expects an additional 300 million players to join the game in the future.
On April 17th, the Notcoin team opened registration for $30 million in NOT. To be included in the list of candidates for free tokens, users can visit the dedicated website and link their crypto wallet. That’s all that needs to be done to participate.
What’s next
According to Alexander Plotvinov, the founder of Notcoin, the project community can expect the most exciting developments after the listing. Currently, the team is focused on organizing the airdrop of the coins earned by players. The main goal for the developers, as highlighted by the founder of the Web3 application, is to “not disrupt the ecosystem.”
“After the listing, the most interesting phase begins. Notcoin will enter the open market, and people will be able to use it as they wish,” Plotvinov noted.
In addition to further project development, the team also plans to release a series of partner games. Structurally and in terms of referral systems with a unified counter for gaming achievements and experience, these games will be similar to Notcoin, concluded the developer.
The Potential of NOT after Listing: Expert Opinions
What lies ahead for the eagerly anticipated cryptocurrency NOT after its listing on crypto exchanges? To answer this question, BeInCrypto reached out to several experts in the field of digital assets.
Immediately after appearing on trading platforms, the price of Notcoin may experience a sharp increase. However, this is a common scenario for any new token. In the first few days or even hours, investors typically sell coins at the maximum price to lock in profits. This is often done by those who received tokens at the earliest stage of their existence.
According to Alex Reinhardt, the founder of Smart Blockchain, in the case of NOT, these are users who have been mining coins for three months or receiving them for completing certain tasks. They may want to liquidate their tokens.
“After the sharp decline and wave of sell-offs, the price curve repeats a similar cycle several times — growth and decline, after which a period of calm begins, when the excitement around the crypto asset subsides, and its volatility decreases,” he added.
Reinhardt does not give specific forecasts for Notcoin. According to him, if the project is viable, the post-listing period is an opportunity for “fruitful and stable development, accompanied by slow but steady growth.”
Financial analyst and asset manager Alexander Ryabinin is more pessimistic. He believes that Notcoin has no long-term prospects. However, if the project team changes the tokenomics and the overall vision of the project, everything could change.
“The coin has no intrinsic value, and it will be under constant pressure from freeloaders and bot operators. I don’t see long-term prospects unless the tokenomics and the project’s vision change,” Ryabinin noted.
Ilya Goldberg, managing partner at ECOS, holds a similar position. In his opinion, it is worth investing only in proven and already fundamental assets such as Bitcoin, Ethereum (ETH), or Solana (SOL). They carry much less risk than tokens like NOT.
“We also believe that there will be an update in the industry after the halving, and projects without prospects are likely to fade away, while fundamental projects will continue their development,” the expert added.
Thus, the future of the cryptocurrency NOT after its listing on exchanges remains uncertain. While some market participants see potential for short-term prospects in Notcoin, long-term forecasts remain questionable.
Cryptocurrency exchange expert Dmitry Noskov considers the postponement of the coin listing date a negative factor. Publishing the exact date, according to our interlocutor, can significantly improve the project’s position in the eyes of investors.
Is it Worth Participating in the Listing?
Participation in a listing may be worthwhile depending on your investment goals, risk tolerance, and understanding of market dynamics. Here are several factors to consider when making a decision:
- Profit Potential: The listing of a new cryptocurrency on an exchange can lead to a sharp price increase, especially if the project generates interest among investors and the community. This can provide an opportunity for quick profits.
- Risks: Listing on an exchange does not guarantee the success of a project. The price may be volatile, and investors may face losses, especially if they have invested early or without proper analysis.
- Project Tokenomics: It is important to study the tokenomics of the project and its fundamental indicators before participating in the listing. Understanding how tokens are distributed and how they will be used within the project’s ecosystem can help assess its potential.
- Long-term Perspective: In addition to short-term earning opportunities, it is also important to assess the project’s long-term prospects. Research its team, technology, competitive advantage, and development plans.
- Personal Financial Goals and Strategy: Your personal situation and investment strategy are also important. If you are willing to take risks and accept potential losses, participating in the listing may be part of your portfolio. However, if you prefer a more conservative approach, participating in the listing may be undesirable.
Ultimately, the decision to participate in a listing should be based on your own analysis, understanding of risks, and investment goals. It is important to be prepared for possible market changes and have a strategy for managing your investments.
Conclusion
In conclusion, the journey of Notcoin from its inception to its anticipated listing on major cryptocurrency exchanges has been marked by remarkable growth and significant developments. With over 35 million users attracted to its innovative gaming platform, Notcoin has captured the attention of both investors and enthusiasts alike.
The introduction of real tokens and NFT vouchers, along with the pre-market launch on Bybit, has further solidified Notcoin’s position in the crypto space. Despite the postponement of its listing date, the project continues to generate excitement and interest among its community members.
However, expert opinions on the long-term prospects of Notcoin remain divided. While some foresee potential for short-term gains following the listing, others express skepticism about its sustainability and intrinsic value. The success of Notcoin in the post-listing phase will likely depend on factors such as its tokenomics, adoption rate, and ability to deliver on its promises.
As investors weigh the risks and opportunities associated with participating in the Notcoin listing, it is essential to conduct thorough research and consider their individual investment goals and risk tolerance. Whether Notcoin emerges as a game-changer in the crypto gaming landscape or faces challenges in the competitive market remains to be seen. Only time will tell the true potential of this ambitious project.
FAQs (Frequently Asked Questions)
- What is Notcoin?
- Notcoin is a blockchain-based mini-application within the Telegram messaging platform that allows users to earn digital coins by tapping on their mobile phone screens. It offers rewards for completing various activities, such as subscribing to Telegram channels or inviting friends.
- How does Notcoin work?
- Users can earn Notcoin tokens by simply tapping on the screen of their mobile devices. Additionally, they can increase their earnings by completing extra tasks within the app. These tokens can then be used to purchase in-game perks or exchanged for real money.
- What can I do with Notcoin tokens?
- Notcoin tokens can be used to purchase various in-game perks, such as new backgrounds or skins for virtual coins. Additionally, users can convert their earned tokens into real money by participating in token sales or exchanges.
- Is Notcoin listed on cryptocurrency exchanges?
- As of now, Notcoin has not been listed on major cryptocurrency exchanges. While the project team has announced plans for a listing, the exact date has been postponed indefinitely.
- What are NFT-vouchers in Notcoin?
- NFT-vouchers in Notcoin are non-fungible tokens that confirm ownership of a certain amount of assets within the game. Users can exchange their in-game balance for NFT-vouchers, which can then be traded or redeemed for Notcoin tokens.
- How can I participate in the Notcoin listing?
- Participation in the Notcoin listing may involve various steps, such as registering on designated platforms or linking a crypto wallet. Details regarding participation may be provided by the project team closer to the listing date.
- What are the long-term prospects of Notcoin?
- The long-term prospects of Notcoin remain uncertain, with experts offering diverging opinions. While some see potential for short-term gains following the listing, others express skepticism about its sustainability and intrinsic value. Ultimately, the success of Notcoin will depend on factors such as its adoption rate and ability to deliver on its promises.
- Is it worth participating in the Notcoin listing?
- Participation in the Notcoin listing may vary depending on individual investment goals, risk tolerance, and understanding of market dynamics. Investors should conduct thorough research and consider their own circumstances before deciding whether to participate.
