Notcoin: A meme of the TON ecosystem? Or a gaming platform?

  1. Project Introduction

Notcoin is a popular clicker game on Telegram based on the TON blockchain, whose appeal lies in simple game mechanics and the promise of real cryptocurrency rewards.

In the game, players need to periodically click on a token icon while catching rockets to speed up upgrades. The game is not limited to a single click, but also includes features such as teamwork, points league, energy management, and referral rewards. In addition, Notcoin also has an "earn" system to earn Notcoin by completing advertising tasks. Players can speed up the collection of coins through different gains, such as full energy gain and multi-point gain.

Since its launch on January 1, 2024, the popularity has surged. Currently, the game has more than 30 million participants and an average of 5 million daily active users, making it the fifth most popular channel on Telegram.

  2. How it works

1. Game access and start: Players can access the Notcoin game through the Telegram app. The game is based on a point-and-click interface, where players need to click on the gold coins displayed on the screen to accumulate Notcoin, the virtual currency in the game.

2. Energy Limit: Clicking is limited by an energy bar. Each click consumes energy, which is gradually restored when the player pauses. This adds a strategic element as players need to manage their energy usage to optimize clicks.

3. Boosts and Upgrades: Players can obtain or purchase boosts through in-game operations that temporarily increase their click efficiency or quickly restore energy. This includes full energy recovery, acceleration, and multiple clicks.

4. Social and Promotion Mechanism: Notcoin encourages players to share the game with friends through invitation links, which can increase the amount of Notcoin players earn. In addition, participants can also receive additional rewards by achieving certain achievements or joining specific groups.

5. Currency exchange and future: Although Notcoin is virtual, the project team has launched the token NOT to convert Notcoin into real cryptocurrency.

6. Simplified crypto system launch: A key goal of Notcoin is to simplify the issuance process of crypto tokens and reduce the risk of manipulation by crypto whales and social media influencers, thereby fairly distributing tokens to community members.

3. Game Mechanics

1. Click on the coins: The main activity of the game is to click on the coins that appear on the screen. Each click will earn Notcoin, which is the virtual currency in the game. Occasionally, a rocket icon will appear on the screen, and clicking on the rocket can speed up your upgrade process as it provides a temporary acceleration effect.

2. Teams: Players can form teams and mine Notcoin together in the team. When joining a team, you can get a reward. In addition, the team function may be expanded to add more interactive and cooperative elements.

3. Leagues: There are five levels of leagues in the game: bronze, silver, gold, platinum and diamond. When you reach a certain score threshold, you will automatically be promoted to a higher league and receive rewards. It is worth noting that league points are different from your total gold coin balance: it only counts the number of your clicks.

4. Friends (Frens): Invite friends to join the game and earn coins. The higher your referral score, the more rewards you receive. If your referral has a premium Telegram account, the rewards will increase several times.

5. Earn (Earn): This is a monetization system. There are several advertising tasks here. For each task you complete, you will earn Notcoin. Users need to subscribe to crypto channels, test websites, games, etc. Some tasks may only require your time, while others require at least 7 TON in your Telegram wallet. To recharge your wallet with coins, click the button to do it.

Earning tons of Notcoin in the Notcoin game is not limited to simply clicking on coins. Here are some cheats that can significantly increase the speed at which you mine coins by using different boosts:

1. Full Energy: This is a free boost that restores your energy. This boost is updated every day, helping you to keep clicking longer.

2. Turbo: When activated, a rocket will appear next to the coin. After clicking on the rocket, the amount of coins you mine will increase, and no energy will be consumed during the turbo effect. This boost is also free and renews every 24 hours.

3. Multitap: As you level up, the number of coins you earn per tap increases. For example, at level 10, you can mine 10 Notcoins per tap.

4. Energy Limit: This indicates the number of Notcoins you can mine at one time. Each level up increases your energy limit by 500.

5. Recharging Speed: This boost increases the speed at which your energy regenerates, allowing you to continue tapping faster.

6. Auto Tap Bot: This is one of the most important boosts, and it automatically mines coins when you are offline. It works for up to 12 hours in total. After that, you need to go into the app and collect the mined coins.

    

  4. NOT

The Notcoin (NOT) token is a community-based project that aims to guide users into the Web3 world through a simple Tap-to-Earn mechanism. This token was first launched on Binance Launchpool, allowing users to mine NOT tokens by staking BNB and FDUSD.

Here are the key details of the Notcoin token:

1. Staking and Mining: Users can stake BNB and FDUSD into the designated pool to mine NOT tokens over a three-day period. The process will begin on May 13, 2024 and will last until May 15.

2. Token Supply: The maximum supply of NOT tokens is 102,719,221,714, of which 3% of the tokens (i.e. 3,081,576,651) will be used as rewards from Binance Launchpool.

3. Market Listing: Binance plans to list NOT tokens on May 16, 2024, and open trading pairs for NOT with BTC, USDT, BNB, FDUSD, and TRY.

4. Smart Contracts and KYC: Participants need to complete KYC verification, and the hourly staking hard cap is 3,637,972 NOT.

5. Continuous Airdrops: After the initial airdrop, more tokens will continue to be airdropped to users, which may cause token price fluctuations.

Notcoin co-founder Sasha Plotvinov described the launch as an experiment in token distribution. Notcoin hopes that its gamified token distribution method can provide a fairer and more direct way to obtain tokens. Since the tokens are only available to those who play within the app, Plotvinov hopes that the project will be able to reward TON Foundation members in an interesting way. The specific distribution ratio of NOT coins is currently unknown.

The launch of Notcoin tokens is an important event. It not only marks the beginning of a new cryptocurrency project, but also demonstrates a new form of community-driven and participation. By distributing tokens through a simple gamification mechanism, Notcoin attempts to establish a fairer way to obtain tokens.

  5. Project Evaluation

  5.1 Track Analysis

The Notcoin project belongs to the gamified finance (GameFi) track, which is an innovative form that combines blockchain technology, cryptocurrency and game mechanisms, aiming to achieve financial value-added through gamified experience.

Similar projects include:

1. Axie Infinity:

Axie Infinity is one of the most well-known GameFi projects, which allows players to earn tokens by cultivating, fighting and trading blockchain-based creatures (Axies).

2. Decentraland:

Decentraland is a blockchain-based virtual world where users can buy, sell or develop its virtual land. It combines gaming, art and business activities on a decentralized platform.

3. The Sandbox:

The Sandbox is another virtual world that provides opportunities to create, own and monetize gaming experiences and virtual assets. Users can use SAND tokens to trade and interact on the platform.

  5.2 Project Advantages

1. Gamification elements combined with financial incentives:

Notcoin allows users to earn virtual currency in the process of participation and interaction through gamification (such as click mining). This model increases user participation and loyalty by combining fun and incentives.

2. Large user base:

NotCoin has a strong user base and has received active support from influencers, with a promising future

3. Wide exchange support:

According to the information in the YouTube video, Notcoin will be listed on multiple well-known cryptocurrency exchanges, such as OKX, MEXC, Buybit, Kucoin, BingX, and Gate.io. This wide market access provides Notcoin with high liquidity and visibility.

Notcoin has received public support from TON Labs and TON Foundation, which adds significant legitimacy to the project. TON Labs and TON Foundation are serious and recognized organizations in the blockchain ecosystem, and their support provides a solid foundation for Notcoin's reliability and future development.

4. Community-driven and decentralized:

Notcoin's token economic strategy includes giving up ownership and 0% transaction tax, which emphasizes its commitment to being fully open and decentralized to the community. This can enhance investors' confidence in the transparency and fairness of the project.

5. Code openness and transparency:

Notcoin's game code is open, allowing developers to audit its operating mechanism. This transparency greatly reduces the risk that the project may be involved in fraud, while also enhancing the trust of the community.

  5.3 Project Insufficiency

1. Early Stage of the Project:

Based on the known information, Notcoin is still in an early stage of development, and its long-term success and sustainability remain to be verified. The future of the project depends largely on the execution ability of the development team and continued community support.

2. Highly Competitive Market:

As mentioned earlier, GameFi is a highly competitive field, with several mature projects such as Axie Infinity and Decentraland dominating the market. Notcoin needs to provide unique innovations or advantages to stand out in such a market.

3. Dependence on crypto market volatility:

As a blockchain-based project, Notcoin's success depends largely on the performance of the overall crypto market. Market volatility may have an impact on Notcoin's token value and the stability of the project.

  6. Conclusion

In summary, Notcoin is an innovative GameFi initiative that cleverly combines blockchain technology with gamification elements to provide users with a digital economic environment that is both fun and profitable. Through strong community support and open code audits, Notcoin has not only enhanced the transparency of the project, but has also quickly attracted a large number of players around the world. Despite the high competition and volatility in the market, Notcoin has shown great potential and is expected to occupy a place in the crypto gaming industry.