Notcoin, a play-to-earn game on Telegram, has recently reported a remarkable milestone: its player base has reached 40 million users. This announcement also served to refute claims made by some third-party tools, which were allegedly miscalculating player numbers due to incorrect parameters. At the same time, other notable apps on Telegram, like Hamster Kombat also experience a substantial spike in users.
As of now, Notcoin is priced at $0.0185 on Gate.io, marking a 5% increase in the last 24 hours and an impressive 210% rise over the past two weeks, according to CoinGecko data. Earlier in the month, the NOT token achieved a record high of $0.0283, pushing its market capitalization beyond $2.75 billion.
Notcoin growth goes nuts
To date, players have earned $1.5 million in TON tokens across 20 different campaigns. The Notcoin team anticipates a significant increase in these figures once automated campaigns are fully operational on the platform.
The team has also unveiled new features as part of their ongoing roadmap. These include the ability for players to share rewards with friends, exclusive access for gold and platinum players to high-demand token launches, the implementation of automated campaigns, and new access levels for incoming players.
On May 20, the total number of players stood at 35 million. The game has since added over 5 million players, a 14% increase in just three weeks.
This impressive growth is largely attributed to the newly introduced earning missions program, which allows players to earn rewards passively. Unlike the one-time rewards given for completing missions or quests, this system provides continuous rewards in the form of NOT tokens, the native currency of the game on The Open Network. This passive earning model is likely a key factor in attracting and retaining players.
Additionally, Open Builders, the developers behind Notcoin, recently announced the distribution of 40 million NOT tokens to players holding Notcoin’s pre-market trading vouchers.
According to a Dune query by the Notcoin team, the market capitalization of Notcoin Pre-Market NFT Vouchers stands at $324 million, with around 59,000 users holding 795,000 NFTs.
The app explained
Notcoin is an innovative play-to-earn game integrated with Telegram, leveraging the popularity and reach of the messaging platform to create a seamless and engaging gaming experience. Unlike traditional video games that require upfront payments or in-app purchases, Notcoin allows players to earn real value through gameplay. By participating in various missions, quests, and campaigns, users can earn NOT tokens, the game’s native cryptocurrency, which can be used within the game ecosystem or traded on cryptocurrency exchanges.
The game operates on The Open Network (TON), a blockchain that supports fast transactions and robust smart contracts, ensuring that all in-game transactions are secure and transparent. This integration with blockchain technology not only enhances the gaming experience by providing real ownership of digital assets but also introduces players to the broader world of cryptocurrencies and decentralized finance (DeFi). Players can earn TON tokens, which adds an extra layer of incentive and potential for real-world financial gain.
Notcoin has also introduced innovative features such as automated earning missions and passive rewards. These features distinguish it from other play-to-earn games by allowing players to continue earning rewards even when they are not actively playing. This passive income model has proven to be a major attraction, driving user growth and retention. Furthermore, the game offers various tiers of player status, including gold and platinum levels, which provide additional benefits like early access to new token launches and exclusive in-game items.
The development team, Open Builders, is continuously working on expanding the game’s features and improving the user experience. Their roadmap includes exciting new functionalities such as reward-sharing with friends and automated campaign management, which are expected to further boost player engagement and the overall popularity of the game. With its unique combination of gaming and cryptocurrency, Notcoin represents a pioneering approach in the rapidly growing field of play-to-earn games, offering both entertainment and financial opportunities to its players.
Notcoin tokenomics
Notcoin’s tokenomics is designed to create a sustainable and rewarding ecosystem for players and investors alike. The game’s native currency, NOT tokens, play a central role in its economy, facilitating in-game transactions, rewards, and staking opportunities. By earning NOT tokens through gameplay, users can not only enhance their in-game experience but also potentially gain real-world financial benefits, making Notcoin an attractive option for both gamers and cryptocurrency enthusiasts.
As with every token on the market, demand plays the most important part. By now, it seems that Notcoin has established a great flow of supply where users earn the token by completing tasks, but where does the purchase demand come from? Thankfully, this is thought through. Projects that want to be a part of the Notcoin ecosystem and have a high traffic of users flowing in, need to purchase NOT token to remain on the app. Think of it as a day ticket to Disneyland. The more tokens you buy, the more days you can spend inside.
The supply of NOT tokens is carefully managed to maintain a balance between scarcity and accessibility. A portion of the tokens is reserved for rewarding players through various in-game activities, such as completing missions, participating in campaigns, and achieving milestones. This ensures that active players are continuously incentivized and rewarded for their engagement. Additionally, the game incorporates passive earning mechanisms, where players can earn rewards over time without active participation, further enhancing the appeal of holding and using NOT tokens.
To encourage long-term investment and stability, Notcoin employs several strategies, including staking and token burns. Staking allows players to lock up their NOT tokens for a specified period, earning interest or additional rewards in return. This not only provides players with an incentive to hold onto their tokens but also reduces the circulating supply, contributing to price stability. Token burns, where a portion of tokens is permanently removed from circulation, are conducted periodically to manage inflation and maintain the value of the remaining tokens.