Notcoin Guide – Launch Date Announced

Notcoin, a Telegram-based game, has recently attracted the attention of the community after confirming that it will be launching its own cryptocurrency in late March or early April.

Photo for the Article - Notcoin Guide - Launch Date Announced

Update May 16, 2024:

  1. NOTCOIN will be listed on various exchanges on 12:00 UTC or 8pm Philippine time. Withdrawals vary, but many will allow it the next day.
  2. There are staking campaigns happening on various exchanges, including Binance and OKX.
  3. Players can still claim the NOT tokens earned while playing the game on Telegram. Simply go to the Notcoin on TG and start the claim process.
  4. Notcoin plans to bring back its tapping game with some new rewards model.

Update May 10, 2024:

  • Notcoin’s NOT token will be minted on The Open Network (TON) and listed on May 16, with Binance, OKX, and Bybit supporting the launch.
  • OKX will initiate a “Jumpstart” campaign on May 13, offering 1.28 billion NOT tokens (1.25% of total supply) to users who stake Toncoin (TON).
  • Binance has introduced a staking rewards program, providing over 3 billion NOT tokens (3% of total supply) to users staking BNB or the FDUSD stablecoin, while Bybit has not announced any rewards.

Update April 23, 2024:

  • The launch of the NOT token for the Telegram-based game Notcoin, initially set for April 20 to coincide with the Bitcoin halving, has been postponed.
  • The new target date is set for the end of April, though a specific date hasn’t been confirmed yet.
  • During an interview at the Token 2049 conference in Dubai, Notcoin’s co-creator Sasha Plotvinov explained that the delay was necessary due to the logistical challenges of accommodating potentially 35 million players claiming tokens simultaneously.
    • This requires ensuring that the blockchain and supporting infrastructure are robust enough to handle such volume without disruptions.
  • Notcoin has attracted 35 million total players, with six million daily active users at its peak, making it significantly larger than most crypto games.
  • The game is set to re-launch with a new rewards model after the token launch, ensuring that all pre-launch mining has been completed.

Update April 12, 2024: Notcoin Calculator and Conversion Rate:

  • Notcoin announces a significant change in by shifting the decimal point three places to the left, affecting the conversion of in-game coins to on-chain NOT tokens. Players will now receive 1 NOT for every 1,000 in-game coins mined. See the image after the newsletter below.
    • Token price 0.0000123 → 0.0123
    • 10M voucher → 10,000 $NOT
    • 80 trillion in-game coins → 80 billion $NOT
  • This conversion strategy ensures uniformity across all user accounts, maintaining fairness in the distribution of tokens. The conversion rate applies equally to all players, preventing any disparities in token allocation.
  • Notcoin reveals its plans to mint a total of 102,719,221,714 NOT tokens. A substantial portion, approximately 80.2 billion NOT, will be allocated to players and miners as a reward for their engagement and participation in the game.
  • An additional 22.5 billion NOT, funded partly through player donations to an ecosystem fund, is earmarked for future token rewards within the game, alongside financing ongoing development and other strategic initiatives.
  • In efforts to maintain integrity and fairness in gameplay, Notcoin is actively eliminating suspicious accounts. The company targets accounts suspected of automation and script manipulation, ensuring a more equitable gaming environment for genuine players.

Read more: 30+ Potential Crypto Airdrops to Watch Out For in 2024 (Updated Apr. 2024)

Update April 8, 2024:

  • Notcoin concluded its mining phase, paving the way for the upcoming token launch and airdrop.
  • Notcoin announced a target date for its NOT token rollout on The Open Network (TON), scheduled for April 20, coinciding with the estimated date of the Bitcoin halving event.
  • Notcoin attracted over 35 million players, reaching a peak daily active user count of more than 6 million through its coin-tapping game mechanics.
  • Ahead of the official token launch, Notcoin initiated pre-market trading in March, allowing players with at least 10 million in-game coins to convert their holdings into NFTs for trading on The Open Network, set to be swapped for on-chain tokens later this month.

Update March 21, 2024:

  • Notcoin has attracted over 30 million players globally through Telegram since its launch.
  • On a recent Wednesday, Notcoin reached a new milestone with over 5 million daily active players.
  • Notcoin plans to move the in-game coins onto the blockchain by utilizing The Open Network, which was initially started by Telegram but has been managed by community developers since 2020.

Update: March 15, 2024:

  • Notcoin announces a 100,000 Toncoin (TON) giveaway for players through a new quest, plus millions of in-game coins for “O.G.” users.
  • The giveaway is part of a quest called “TON for Fun,” rewarding players with a 3 million Notcoin bonus and 1 TON upon completion, totaling $400,000 in TON.
  • To qualify for rewards, players must reach Diamond League, invite five friends, and connect a TON wallet, earning 1 TON.
  • Additional requirements for the second part of the quest include having a paid Telegram Premium account and holding 25 TON in the wallet to unlock an extra 3 million Notcoin bonus.

Update: March 8. 2024:

  • Notcoin Pre-Market Opens: Notcoin announces its Pre-Market on GetGems, enabling early buying and selling of Notcoin. Details at getgems.io/notcoin.
  • Mechanism Explained: Notcoin allows members who mined, invited friends, and participated in campaigns to convert their game balance into 10M and 100M Notcoin Vouchers (NFTs), tradeable on GetGems.
  • Voucher and Token Exchange: Users can exchange vouchers for $NOT tokens after the launch or wait to convert their balance into $NOT directly.
  • Price Speculation Warning: The future price of $NOT tokens is uncertain, potentially starting at zero. Users should consider this when trading vouchers.
  • Royalties for Liquidity: The Pre-Market uses a royalty system where 20% from NFT sales goes to liquidity for $NOT listings.
  • Staggered Rollout: The Pre-Market functionality is being introduced gradually to manage system load, requiring user patience.

Original article follows:

Are you aware of a “play–to-earn” game that grants you meme coins for your efforts? 

Notcoin, a Telegram-based game, has recently attracted the attention of the community after confirming that it will be launching its own cryptocurrency in late March or early April. 

Does it mean that an airdrop is coming? Or will the meme coins obtained by playing the game have value in the future? In this article, explore what Notcoin is, how it works, and whether it is a scam. 

Read more: 30+ Potential Crypto Airdrops to Watch Out For in 2024 (Updated Mar. 2024)

Notcoin Overview

Notcoin is a mining game on Telegram where the users need to just tap the logo image to mine and earn tokens. 

From the name itself, it is a “not coin.” This means that the coins mined by players are not cryptocurrencies, they are just in-game tokens that are not minted on-chain. 

The project was first introduced in November 2023 by Open Builders, who admitted that they have little to no experience in developing and managing large-scale projects. 

The team also marketed Notcoin as a meme coin game, emphasizing that the game should be treated as a typical meme that really has no value. In fact, Notcoin presents itself as probably a no-value asset. 

Photo for the Article - Notcoin Guide - Launch Date Announced

But despite its “probably nothing” tagline, around 650,000 players enjoyed its closed beta version. This led to the attention of the TON Foundation, the entity designed to support projects under the ecosystem of The Open Network (TON), a layer-1 proof-of-stake blockchain. TON is also known for being a partner of Telegram. 

Read: Telegram Token – Toncoin Philippines – Guide and Usecases

Attracting the TON Foundation is not a small thing, it is a big deal. This could be the reason why Notcoin is currently hyped by the community and has attracted over five million players since its public launch on January 1, 2024. 

How to Mine Notcoin

Notcoin is free to play and is open to everyone. It cannot be played on desktop though, only on Telegram mobile. 

  • Step 1: Go to https://t.me/notcoin_bot
  • Step 2: Choose the “Start” button. 
  • Step 3: Choose the “Let’s Go” button. 
  • Step 4: Mine Notcoin tokens. Just tap the Notcoin logo. Up to 1,000 tokens can be mined daily. 
  • Step 5: Join squads or refer new users to earn boosters and bonuses. 

Notcoin Potential Airdrop

Photo for the Article - Notcoin Guide - Launch Date Announced

As of this writing, Notcoin is still not an on-chain asset—it cannot be called a cryptocurrency yet. 

But Open Builders’ initial plan is to turn Notcoin into a cryptocurrency by launching it on the TON blockchain. 

This means that when Notcoin becomes a crypto, those who have mined it since January could turn their Notcoins into tokens with monetary value. 

But it should be noted that ‌developers also warned that being inactive would not guarantee airdrop rewards to participants. In fact, Notcoins mined by participants in January who became inactive in February have been burned. 

“We don’t want to mint Notcoins to people who are not contributing their time to it, especially those fake referral accounts who received the bonus but never actually played the game. Burning of unused accounts is specifically to encourage greater engagement with Notcoin. You snooze, you lose. It’s a living community, and it isn’t a space for hoarders,” the team said in an interview

To boost rewards for the potential airdrop, participants are advised to: 

  • Actively play and mine to get to the Silver League as much as possible. The higher the league, the greater the bonuses could be. 
  • Do the tasks and quests to secure more rewards, including:
    • Joining squads. 
    • Connecting a TON wallet. 
    • Joining Notcoin communities on Telegram. 
  • Consistently, as in daily, play y the game. 

“It’s basically an experiment on how to distribute coins in a fair manner to a huge amount of people. The idea is actually to make sure that there are no huge gaps between those who are making more Notcoin and less Notcoin. We want to be a bit fair, and incentivize those users who really contribute to Notcoin,” the team highlighted. 

This article is published on BitPinas: What is Notcoin: Airdrop Going to Happen in Late March or Early April?

Disclaimer:

  • Before investing in any cryptocurrency, it is essential that you carry out your own due diligence and seek appropriate professional advice about your specific position before making any financial decisions.
  • BitPinas provides content for informational purposes only and does not constitute investment advice. Your actions are solely your own responsibility. This website is not responsible for any losses you may incur, nor will it claim attribution for your gains.

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