The highly popular Telegram-based clicker phenomenon, Notcoin, concluded its coin generation phase this Monday. This marks a pause in its straightforward gameplay of coin tapping, paving the way for the much-anticipated launch of its digital currency and corresponding airdrop. A significant date has been chosen for the unveiling of this new token – a date that is buzzing in the cryptocurrency community due to its alignment with Bitcoin’s upcoming halving milestone.
With our white coats on, we take a surgical approach to examining Notcoin, to find out NOT’s potential price behaviour post-launch.
NOT Enters the Chat
Notcoin is gearing up to introduce its digital token, NOT, on The Open Network (TON), with the launch scheduled for approximately April 20. This date coincides with the expected Bitcoin halving event, an alignment that has been hinted at by the Notcoin team and officially confirmed in a recent announcement. The chosen date, April 20, is also well-known within internet culture for its meme significance, further amplifying the buzz around both the halving event and the token’s launch.
The Bitcoin halving is a significant event that occurs roughly every four years, halving the rewards received by Bitcoin miners. This mechanism is designed to reduce the pace at which new Bitcoins are created, aiming to prevent inflation and potentially leading to an increase in Bitcoin’s value. The anticipation around halving events has historically led to increased market activity and interest in Bitcoin.
Since its public release in January, Notcoin has attracted over 35 million participants, achieving a remarkable daily active user count of 6 million at its peak. Within the game, which operates through Telegram, players engage in “mining” by tapping on a virtual coin, accumulating in-game NOTs. These in-game tokens are set to be converted into a tradeable digital currency by the end of the month.
NOT Price and Trading
Ahead of the official currency launch, Notcoin initiated a pre-trading phase in March by offering NFT vouchers. These vouchers represent significant in-game earnings and can be exchanged for NFTs on The Open Network. These NFTs are not only tradeable but will also be exchangeable for the official digital currency upon its release.
Currently, an NFT voucher representing 10 million in-game NOTs is trading for an equivalent of approximately $52 in Toncoin (TON) on the GetGems marketplace. This initiative has already facilitated over $14 million in trades involving Notcoin vouchers, indicating a strong market interest and speculation around the upcoming digital currency.
The price of NOT token is yet to be defined bythe market, therefore it is important to keep your eyes peeled for it as soon as it goes live on major exchanges like Gate.io.
All in all, industry analysts expect the token to do well once it hits the trading floor. This is mainly down to the fact that it has real utility, and it operates on the TON network, which has also been gaining in value since its inception.
Notcoin Explained
The Notcoin game has swiftly become a sensation in the realm of digital entertainment, especially among users who are keen on the concept of cryptocurrency without the complexities often associated with it.
Rooted in a simple, engaging mechanic, the game operates on the Telegram platform, offering players a straightforward yet addictive gameplay experience. The essence of the game revolves around a virtual coin-tapping activity, where participants “mine” by repeatedly tapping on a virtual coin displayed within the app.
This coin-tapping mechanic is designed to mimic the mining process of cryptocurrencies, but in a manner that is accessible and enjoyable for a wide audience. Players are rewarded for their diligence and time spent in the game with in-game Notcoins.
These tokens serve as the game’s currency during the mining phase and are the primary means through which players interact with the game’s economy. The goal is to accumulate as many Notcoins as possible, which, following the game’s transition into its next phase, can be converted into an actual digital token on the blockchain.
Apart from its engaging gameplay, Notcoin has introduced an innovative aspect to the gaming and crypto intersection through the introduction of NFT vouchers. These vouchers represent a player’s in-game earnings and can be traded on The Open Network.
This feature not only adds a layer of strategy and speculation to the game but also provides a bridge to the world of digital assets and cryptocurrency trading. Players are thus given a unique opportunity to participate in the crypto economy, potentially profiting from their in-game efforts in a real-world context.
In summary, Notcoin stands out by offering a unique blend of gaming fun and a foray into cryptocurrency, all within a platform that boasts a massive user base. Its simplicity, combined with the allure of crypto-related rewards, has captivated a diverse audience. As it moves towards launching its own tradable token, Notcoin is set to transition from a mere game to a comprehensive ecosystem where gaming, digital assets, and community engagement converge.
