By
Steve Muchoki
April 23rd, 2024
The new phase, as outlined by the team, is expected to be a pivotal juncture in the project’s goal, setting the stage for further growth and expansion.
Notcoin, a meme game and crypto solution, has announced the commencement of the third phase of its ongoing project. With a community of over 6 million subscribers on Telegram, the coin is growing in popularity and usage, which is catalyzing its wider plan to gain more adoption.
The announcement, made via a post on the social media platform X, promises to lay the groundwork for the project’s development over the next few years. The new phase, as outlined by the team, is expected to be a pivotal juncture in the project’s goal, setting the stage for further growth and expansion.
Balance Conversion for Enhanced Readability
One of the key updates introduced is the balance conversion mechanism. To enhance readability and user-friendliness, the team has implemented a system that removes three zeros from in-game currency, vouchers, and the total supply. This adjustment aims to make it easier for crypto users to easily understand and track the value of the Notcoin (NOT) token.
For instance, a token price of $0.0000123 will now be displayed as 0.0123, while a 10M NOT will be represented as 10,000 NOT, and 80 trillion in-game coins will be represented as 80 billion NOT. This change is expected to improve the user experience and foster a more intuitive understanding of the token’s value.
Notcoin Tokenomics and Distribution Model
The team has also unveiled details regarding its tokenomics and distribution model. The total supply of tokens stands at over 102 billion NOT, with 78% allocated to miners and voucher holders. This substantial distribution to the community aligns with the project’s core philosophy of fostering a decentralized and community-driven ecosystem.
The remaining 22% is earmarked for new users, traders, listing campaigns, and the ongoing development of the token over the coming years. They also indicated that the precise distribution of this portion will be defined closer to the token’s listing on cryptocurrency exchanges.
More so, the team has implemented an impact-based distribution model, rewarding users who contribute value to the ecosystem while disincentivizing bot farms and suspiciously low-activity accounts to promote a healthy and engaged community.
Milestone Achievements and Community Engagement
In a separate announcement on its Telegram community, the clicker game celebrates the project’s achievements to date, revealing that over 35 million people have mined the coin in the last three months, a testament to its widespread popularity and adoption. Additionally, the community boasts over 2 million Telegram Premium users and over 600,000 users who were awakened after the Morse quest, further showcasing the project’s ability to foster engagement and participation.
Moreover, Notcoin has announced plans to mint skins for users who have collected them, rewarding their dedication and involvement in the ecosystem. This move highlights the project’s commitment to recognizing and appreciating its loyal user base.
As Notcoin sets sail on Phase 3, with the listing date scheduled for April 20th looming ever closer. The community is filled with anticipation for the revelation of upcoming projects and exciting news about the future of the coin.