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In this guide, we’ll explore Notcoin – a new phenomenon in the play-to-earn sphere. We will discuss what Notcoin is, have a look at its eventful history, how its gaming and reward system works, and the debate surrounding its legitimacy.
Within a few months, a captivating play-to-earn game called Notcoin has enthralled millions of Telegram users with its unique and somewhat amusing proposition, setting it apart from other crypto games.
In this guide, we’ll explore what Notcoin is, have a look at its eventful history, how its gaming and reward system works, and the debate surrounding its legitimacy. Additionally, we’ll analyze the context around this phenomenon that evolved from an inconspicuous experiment to quickly becoming a global sensation with significant potential to make a mark in the GameFi or crypto gaming industry.
Notcoin is a play-to-earn game playable as a mini-app within the popular messaging service Telegram. The main allure of Notcoin is its ability to let users “mine” or earn a cryptocurrency called Notcoin through a straightforward mechanism: they need to repeatedly click on an animated coin within the chat.
While Notcoin aims to mimic the experience of mining real cryptocurrencies, it currently only exists as an in-game asset without real-world monetary value. This is because its native currency has not yet been publicly launched on the blockchain.
Notcoin was developed by a relatively unknown team called Open Builders, but it has the backing of the TON Foundation, an organization supporting the development of The Open Network (TON) blockchain, initially incubated by the team behind Telegram before their withdrawal in 2020 due to regulatory issues.
Although the game itself is simple, its unique social component through Telegram has been key to its popularity. Anyone can start playing Notcoin for free within seconds, without the need to navigate common hurdles like setting up wallets or registering on exchanges to buy cryptocurrencies and pay fees within the game.
Moreover, Notcoin has gone viral due to its referral mechanics, allowing players to earn Notcoin bonuses to progress in the game.
Notcoin was initially launched in November 2023 as a closed beta within Telegram. The development team, Open Builders, had little prior experience with large-scale projects. At the time of launch, there was minimal information available about the game and, notably, about the future token whose release date remains unknown.
The team marketed Notcoin as a “memecoin”, a digital asset inspired by an internet meme with no clear purpose beyond going viral. In other words, they presented the game as a typical internet meme that seemingly served no real purpose, not expecting the success it has garnered so far.
The game’s simplicity made it go viral, offering hours of entertainment for those who want to have fun while “mining” cryptocurrencies. In just a few weeks, the beta version attracted over 650,000 players, generating billions of in-game tokens, which currently have no real value.
However, its rapid organic growth drew the attention of the TON Foundation, leading them to support the project and adding legitimacy to the crypto community.
Finally, on January 1, 2024, Notcoin had its anticipated official launch outside the beta. In the first week, it attracted over 5 million players, becoming the fastest-growing play-to-earn game in history.
Notcoin is straightforward to understand and play, even for users with no experience in cryptocurrencies or blockchain technology. Here’s an explanation of its mechanics:
The rapid rise of Notcoin has led to reasonable doubts about the project’s legitimacy in some crypto circles. However, like any project in its early stages, there are both arguments for and against.
Among the reasons to be skeptical are as follows:
There are also advantages of Notcoin:
Therefore, while the possibility of fraud cannot be completely ruled out, Notcoin as a project seems to have legitimate intentions to become a serious player in the emerging crypto-gaming industry. Close observation of the developers’ next steps will be necessary to dispel uncertainties.
As seen, while it’s challenging to determine with absolute certainty the true intentions and capabilities of the Notcoin team, the project has quickly demonstrated its enormous appeal, gaining support from two giants in the ecosystem – TON Labs and the TON Foundation.
For now, it remains to be seen whether the team can capitalize on this viral success and materialize the launch of Notcoin as a digital token on the TON blockchain, finally proving that its viral success can transform into a sustainable cryptocurrency project.
Notcoin is a play-to-earn game that exists as an application within Telegram. It allows users to “mine” a cryptocurrency called “Notcoin” by repeatedly clicking on an animated coin. It’s essential to note that Notcoin is not a real cryptocurrency and only exists within the game.
The main features of the Notcoin game are linked to the click-mining mechanics, progression based on upgrades, and the promotion of virality. Additionally, there are various ways to earn bonuses through referrals, creating or joining group squads on Telegram, and inviting other players.
You “mine” Notcoin by repeatedly clicking on the animated coin that appears on the game screen. Each click grants a certain amount of Notcoins. There is an energy limit that depletes and then recharges over time.
Notcoin was initially launched as a closed beta in November 2023 within Telegram. Subsequently, it had its official launch on January 1, 2024.
Telegram is a super-secure, fast, and free instant messaging and voice-calling application. It has hundreds of millions of users worldwide.
TON (The Open Network) is a decentralized blockchain network initially developed by the Telegram team. The team withdrew, but TON continued to be developed by the open-source community.
Play-to-earn games are those that allow users to earn real-world rewards and assets with value while playing. This type of game leverages blockchain technology and NFTs to provide scarcity and value to in-game assets.
There is no concrete evidence that it is a scam. While it has some questionable signals, it also has the support and legitimacy of serious organizations like TON Labs and the TON Foundation.