Can the Notcoin game project backed by the TON public chain kill the red ocean of GameFi?

News on April 15, Notcoin, a game and meme project in the Telegram ecosystem, recently announced a tokenomics scheme on the X platform that attracted market attention. It is reported that the total supply of NOT is as high as 102.7 billion, of which 78% will be distributed to Miners and Voucher holders, and the remaining 22% will be reserved for new users, traders and various online activities in the future.

Notcoin’s strategy includes a major adjustment – in-game Tokens, NFT “Vouchers”, and the representation of the total supply will all be reduced by three zeros. For example, the original in-game Token price of 0.0000123 will be adjusted to 0.0123, while 10 million Vouchers will be converted to 10,000 NOT, and 80 trillion in-game coins will be changed to 80 billion NOT, which is intended to simplify the reading and understanding of Token prices.

Further, Notcoin announced that it will officially launch its Token NOT on April 20. Prior to this, Notcoin’s NFTs have been pre-traded and priced on Getgems, the TON ecosystem’s NFT trading platform. Users can also earn wNOT through the shardify platform and redeem it for NOT Token after token issuance event (TGE).

Over the past three months, more than 35.19 million people have participated in Notcoin mining activities, a number that reflects not only the popularity of the project in the Telegram ecosystem, but also the activity of its community. With the upcoming launch of the NOT Token, market expectations for its value and influence continue to rise.

Getting to know the TON public chain: backed by the Telegram app, it has a significant first-mover advantage and network effect

The Open Network (TON), formerly known as Telegram Open Network, is a project created by the Telegram team in 2018. After being charged by the American SEC (SEC) for unregistered securities issuance during the initial coin issuance (ICO), Telegram paid a fine and eventually settled, subsequently relinquishing direct control of the project to the community’s TON Foundation to take over ongoing development and operations. Despite nominally separating from Telegram, TON is still closely connected to Telegram, not only receiving official support from Telegram, but also integrating with Telegram Depth, continuing to leverage Telegram’s huge user base and traffic entrance.

Telegram itself has attracted more than 1.3 billion registered users worldwide for its insistence on free speech and protecting user privacy, of which nearly 900 million are monthly active users. Most of these users are long distributed in Asia, Europe, South America, and the Middle East, with obvious retail characteristics and strong peer-to-peer payment demand, providing an ideal conversion group for Web3 projects. These features of Telegram provide great user acquisition advantages in the Web3 space.

TON’s development strategy includes long new moves, such as Telegram founder Durov’s recent expression of consideration for an IPO, which has attracted a lot of attention in the Capital Market. Durov also announced the TON Token’s official sales channel in his personal channel, signaling that the TON network continues to expand its Blockchain use cases. At the same time, Telegram’s advertising platform will also be opened to nearly 100 new countries, and all ad payments and withdrawals will be made exclusively through TON Blockchain, which not only accelerates the development of the TON network, but also provides convenience for content creators to cash out or reinvest in Toncoin to promote and upgrade their channels.

In such an ecological context, Notcoin came into being and quickly gained extremely high popularity among Telegram users. As a social clicker game based on Telegram, Notcoin allows players to earn in-game coins through simple click activities, which is highly interactive and easy to use, making it a star project in the TON ecosystem. According to reports, Notcoin has more than 35 million participants in just a few months, and its tokenomics strategy and upcoming token issuance on April 20 have added to the market’s expectations and heated discussions.

The success of Notcoin not only demonstrates the potential of a community-driven Blockchain game, but also reflects the influence and growth ability of the TON ecosystem in the global Blockchain space. As TON continues to expand its applications in the digital and decentralization space, the rise of projects like Notcoin heralds new heights that this network could reach in the future.

A comprehensive interpretation of the Notcoin game project from the perspective of Mining mechanism, Token rewards and NFT voucher gameplay

Notcoin, a popular game that utilizes Telegram bots to earn tokens by tapping on the phone screen, is especially popular with Web3 enthusiasts. The core gameplay of the game recalls the days when Xu long stayed up late to play games in high school, only this time the player earned not only numerical points by clicking, but also Crypto Assets with real value.

The premise of Notcoin is extremely simple: players play through a bot within the Telegram app and mine Notcoins by tapping the screen continuously. Developed by Sasha Plotvinov, founder of Open Builders, the game is based on the Telegram app and plans to issue its token on The Open Network (TON) in the near future.

Not only does the game allow players to earn coins by clicking, but they can also earn additional Tokens by completing various tasks such as following specific Twitter accounts or joining specific Telegram groups. These “tasks” are usually accompanied by in-game “boosts” or “boosts” that increase the efficiency of the player in earning coins.

On April 1, 2023, Notcoin ended its Mining phase, which means that players can no longer earn Tokens in the established way. However, this is not the end of the game, but the beginning of a new phase.

According to an interview with Decrypt, Sasha Plotvinov revealed that despite the end of the mining phase, Notcoin plans to relaunch the game with a new reward system after the token issuance and Airdrop on April 20. Instead of generating new Tokens, the new system will continue to engage and reward users of the Web3 community in innovative ways.

“We want to keep the game continuous,” Plotvinov said. Basically, we will provide some Token pools that will allow players to mine or farm Tokens from Relay, earning Tokens by clicking a button, although this will be more complicated than the Mining stage and the rewards will be reduced. ”

In the Mining phase, Notcoin also introduced an NFT voucher system, which allows players to convert earned Notcoins into NFT vouchers that can be traded before the actual issuance of $NOT Tokens. This provides a way for players to predict and invest in the final market price of the Token.

According to the game team’s plan, all Tokens earned in the game will be converted into actual $NOT Tokens at the token issuance on April 20. The team emphasized that “there will be no Bitcoin-style early big whales”, which means that the distribution of tokens will be as fair as possible and avoid market manipulation.

The specific price of issuance $NOT has not yet been determined, and both market heat and Bitcoin Halving events can have a significant impact on its market value. Although the exact price cannot be predicted, the popularity of the project and the expectations of the market make people optimistic about its issuance.

Notcoin’s success story not only demonstrates the potential of Telegram-based Blockchain games, but also proves that Web3 projects can be effectively promoted through social platform integration and user interaction. With the official launch of the $NOT Token, Notcoin expects to continue to expand its influence in the Blockchain gaming and social coin space Relay.

The Token Economic Model behind the Notcoin game is worth studying, but it is still impossible to predict what the future market will be

As an innovator in the Blockchain gaming and social coin space, Notcoin has quickly gained traction and popularity in the Web3 community through its unique gameplay and tokenomics. With the imminent issuance of the $NOT Token, Notcoin not only heralds the potential of Telegram’s game-based Blockchain applications, but could also be a model for driving similar projects.

If Blockchain games continue to be widely accepted and their social and economic mechanisms are further innovated and optimized, Notcoin and its successors could become significant players in the market. Users can take advantage of in-game mechanics to earn tokens, which not only changes the way traditional games are engaged, but also provides players with new economic incentives.

At the same time, as more long transactions and activities move to Blockchain, relevant platforms and projects can attract and retain users by integrating more sophisticated economic models and user engagement strategies. The development of this trend may lead to new business models and ways to generate revenue, while also placing greater demands on cybersecurity.

In conclusion, Notcoin, as an innovative Blockchain gaming project, demonstrates great potential to promote Crypto Assets adoption and user engagement through social platforms. Although market uncertainties and technical challenges remain, the emergence of Notcoin undoubtedly provides new perspectives and possibilities for the future development of Blockchain games. Only time will tell how Notcoin and similar projects will continue to influence and shape this evolving industry.