In just a few months after its launch, the gaming blockchain project Notcoin (NOT) managed to attract more than 35 million users. The team promises that the asset will be listed on major cryptocurrency exchanges. The event was originally scheduled for April 20, but has now been postponed indefinitely.
Let's figure out what Notcoin is, how to earn money for clicks on your phone screen, and what to expect from NOT after listing on crypto trading platforms.
What is Notcoin
Notcoin is a mini-application in the Telegram messenger that allows you to receive coins for tapping on your mobile phone screen. This earnings can be increased by completing additional activities.. For example, for subscribing to a telegram channel or inviting a friend.
The interface is Notcoin. Source: TON
The developers removed the ability to mine non-existent NOT tokens on April 1. But everything looked and worked extremely simply:
click on the big yellow coin; you get a reward.
The game also featured several boost mechanics – increasing the number of coins received per click. There were two categories of free bonuses: full energy and turbo. They were updated daily.
Daily Notcoin boosts. Source: TON
With the assets they earned, players could buy various in-game goodies. For example, a new background or skin for a coin, for clicking on which a reward is given.
In addition, Notcoin users could join together in so-called squads and contribute to entire communities. They were created by administrators of telegram channels.
Notcoin squads interface. Source: TON
Unprecedented popularity of Notcoin
The project was first released in November 2023. Then Notcoin was presented at The Gateway conference in Dubai by the founder of Open Builders, which is behind the development of the Web3 application, Alexander Plotvinov.
The official launch of Notcoin took place on January 1, 2024. In just two days, the game attracted more than 1 million users, as the creators wrote about in the project’s official Telegram channel.
Within a week, the number of players reached 4 million, making Notcoin the fastest growing Web3 game. As the developers noted, the growth rate of the project exceeded that of the famous artificial intelligence (AI) chatbot ChatGPT from OpenAI. The latter surpassed the milestone of 1 million users in just five days.
“Notcoin attracted 500 thousand 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 said in a statement.
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, the developers emphasized. This project took only three months. The number of taps, meanwhile, reached 8.8 trillion.
Total number of Notcoin players. Source: Notcoin
NOT tokens, NFT vouchers and premarket
Probably, even at the beginning, you had a question: why did 35 million people click on the screen to get non-existent coins? These people are not fools at all, but rather lucky ones.
Recently, the Notcoin team announced the launch of a real token – all players will be able to convert honestly earned coins into NOT, which can later be sold for real money. The creators first timed the release of the native asset of the project ecosystem to coincide with the Bitcoin (BTC) halving, which will take place on April 20. However, the day before it turned out that the listing was postponed indefinitely.
Read also: How to make money on Bitcoin halving
Prior to this, on March 7, the Notcoin team opened the opportunity to exchange mined coins for vouchers on the Getgems platform. A voucher is a non-fungible token (NFT) that confirms ownership of a certain amount of assets. Players could convert their in-game balance into NFT vouchers of 10 million and 100 million coins.
Premarket Notcoin on Getgems. Source: Getgems
At the time of writing, the lowest price for a voucher for 10 million NOT is 12.6 TON (about $77). In the future, users will be able to exchange them for NOT tokens.
According to Dune, the capitalization of Notcoin vouchers exceeded $290 million. The daily trading volume, according to the latest information, is estimated at $15.7 million.
Dashboard with data on Notcoin NFT vouchers. Source: Dune
After this, on March 25, the Bybit crypto exchange launched the NOT premarket. In-game currency holders got a chance to buy cryptocurrency before it hits the market. Presale closed on April 1st.
Notcoin premarket on Bybit. Source: Bybit
NOT tokenomics and airdrop
The project team shared the tokenomics of NOT on March 30. At first, the developers did not provide any details on the distribution of Web3 application tokens, but stated that 100% of the coins would be provided to players by default.
“Notcoin's distribution will be Bitcoin-style, where you mine coins for a certain amount of effort. But without early whales,” they wrote on the official Notcoin blog.
Later, on April 11, representatives announced a redenomination of balances by three orders of magnitude. This is necessary for ease of reading prices NOT. For example:
token price: $0.0000123 → 0.0123; voucher for 10 million NOT → 10,000 NOT; 80 trillion in-game coins → 80 trillion NOT.
The transformation also applies to those tokens that were in the Bybit premarket.
The total emission 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, listed companies and to further stages of project development. The team expects another 300 million players to join the game in the future.
On April 17, the Notcoin team opened registration for $30 million in NOT. You can get on the list of applicants for free tokens by going to the dedicated website. All you need to do is link your crypto wallet.
What's next
According to the founder of Notcoin, Alexander Plotvinov, after the listing, the project community can expect only the most interesting things. The team is currently focused on organizing an airdrop of the coins that players have earned. The main task of developers, as the founder of the Web3 application noted, is “not to destroy the ecosystem.”
“After listing, the fun begins. Notcoin will enter the free market and people will dispose of it as they want,” Plotvinov noted.
In addition to further development of the project, the team also plans to release a number of partner games. In terms of structure and referral system with a single counter of game achievements and experience, they will be similar to Notcoin, the developer concluded.
NOT potential after listing: expert opinion
Well, the most interesting thing is what awaits the long-awaited NOT cryptocurrency after listing on crypto exchanges. In order to answer this question, the BeInCrypto editors took comments from several digital asset experts.
Immediately after appearing on trading platforms, the price of Notcoin may rise sharply. However, this is a common scenario for any new token.. In the first days or even hours, investors sell coins at maximum value in order to lock in profits. This is usually done by those who received tokens at the earliest stage of their existence.
As Alex Reinhardt, founder of Smart Blockchain, notes, in the case of NOT, these are users who have been mining coins for three months or received them for completing certain tasks. They may want to implement tokens.
“After a sharp decline and a wave of sales, the exchange rate 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, then the period after listing is an opportunity for “fruitful and stable development, which will be accompanied by slow but steady growth.”
Financier and asset manager Alexander Ryabinin is rather pessimistic. He believes Notcoin has no long-term prospects. However, if the project team changes tokenomics and the overall vision of the project, everything may change.
“The coin has no value as such, and it will be under constant pressure from freeloaders and bots. I don’t see any long-term prospects. If tokenomics and the vision of the project do not change,” Ryabinin noted.
Ilya Goldberg, managing partner of ECOS, shares a similar position.. In his opinion, it is worth investing only in proven and already fundamental assets – Bitcoin, Ethereum (ETH) or Solana (SOL). There are much less risks with them than with similar NOT tokens.
“We also believe that after the halving there will be an update in the industry, projects without prospects will most likely leave, and fundamental projects will continue to develop,” the expert added.
Thus, the future of the NOT cryptocurrency after its listing on exchanges remains uncertain. While some market participants see short-term potential in Notcoin, long-term forecasts remain questionable.
StormGain cryptocurrency exchange expert Dmitry Noskov considers the postponement of the coin listing date to be a negative factor. The publication of the exact date, our interlocutor noted, can greatly improve the position of the project in the eyes of investors.