Telegram-based games have become a sensation in the world of digital entertainment, thanks to their simplicity and the opportunity they offer users to earn rewards.
Among these, Dotcoin has emerged as a standout, capturing the interest of millions of users worldwide.
Launched in March 2024 on the TON blockchain, Dotcoin is a straightforward tap-to-earn game where users earn cryptocurrency by tapping on their screens.
This model, reminiscent of popular games like Tapswap and Notcoin, has proven to be immensely engaging, especially in regions like Nigeria.
With over 20 million active users and 5 million daily active users (DAU), Dotcoin has cemented its place as one of the most popular games on the Telegram platform.
Dotcoin's Grand Move to Venom Blockchain
As Dotcoin continues to grow in popularity, the game's developers have announced a significant move – the migration to the Venom blockchain.
This transition marks a pivotal moment for Dotcoin, aiming to leverage Venom's advanced capabilities to enhance the gaming experience and support its expanding user base.
The Venom blockchain, known for its scalability and robust infrastructure, is seen as an ideal host for Dotcoin, promising to handle high-load applications without compromising speed or security.
What Dotcoin Brings to the Table
Dotcoin’s appeal lies in its simplicity and accessibility. Players engage with the game by tapping a single dot on the screen, earning in-game currency in the process.
This easy-to-understand mechanic has attracted a massive following, with over 6 million members in the Telegram community and 1.3 million followers on Twitter (now X).
The game’s popularity is further bolstered by a referral program that allows players to earn more through inviting friends and completing tasks.
Dotcoin’s community-driven approach not only boosts user engagement but also fosters a sense of camaraderie among players.
How to Level Up Your Mining
To enhance your mining level, the system now considers the number of active friends who engage in activities such as tapping, completing tasks, and playing Game X2.
This measure is implemented to ensure fairness and prevent dishonest practices in token mining.
Instructions:
1. Active Friends Requirement:
- Each mining level corresponds to the number of active friends you have invited.
- For example, if you have invited 4 active friends, you can level up your mining by 4 levels.
2. Increasing Mining Levels:
- To achieve a higher mining level, you need to invite more active friends.
- For instance, if you want to reach level 5, you need to have 5 active friends.
By following these guidelines, you can effectively and fairly level up your mining.
Why Migrate From TON to Venom
The decision to migrate from the TON blockchain to Venom is driven by several factors.
While TON provided a solid foundation for Dotcoin's initial launch, the network's limitations have become more apparent as the game’s user base grew.
Issues such as scalability constraints and declining token values have prompted many developers to seek more robust solutions.
The TON blockchain, despite its initial promise, is now likely viewed as a stepping stone rather than a long-term platform for large-scale projects.
The value of Toncoin and other tokens associated with Telegram games has seen a sharp decline, further incentivising the shift to more capable blockchains like Venom.
Toncoin is experiencing a significant 14% drop in the past 24 hours, currently trading at $5.19.
Notcoin dropped by 16.8% in the past 24 hours, settling at $0.009495.
Furthermore, the Dotcoin team has decided to execute the next phase of development by launching their $DTC token on the Venom blockchain, rather than TON blockchain.
Venom offers numerous advantages over TON, including its innovative Mesh technology, which ensures seamless communication and integration between different chains.
This capability is crucial for supporting Dotcoin's growing user base and the increasing complexity of its ecosystem.
The Venom network's ability to handle high-load applications without sacrificing performance or security makes it an attractive choice for Dotcoin's future development.
The Dotcoin team has expressed confidence in the move, citing Venom's proven scalability and stability as key reasons for the migration.
Venom Foundation CEO Christopher Louis Tsu echoed this sentiment, emphasising the potential for Dotcoin to introduce millions of new users to the Venom ecosystem.
The integration of Dotcoin into Venom is expected to significantly boost network activity and drive further adoption of Venom’s suite of services, including exchanges, NFT marketplaces, and multi-network bridges.
Community Reactions to the Migration
Although the shift appears to be a positive step, the community's reaction has been largely negative.
Ton is being considerably established and widely recognised.
In contrast, according to LuxuryNad on X, Venom has a “history of lack of transparency and failing to deliver on promises has left a sour taste in the community's mouth.”
This leads to the Dotcoin community’s negative reaction questioning about the move.
Due to the migration, players who have previously connected to “TON Wallet” in the mini app are now required to change their wallet by connecting to “VENOM Wallet”.
However, many users are encountering technical difficulties, raising concerns about the reliability of the Venom blockchain.
Other than the major shift, the community is also unsatisfied with the “slightly improved the DTC mining system”. Players are gradually finding the game “boring”.
Who’s Behind The Viral Game
The masterminds behind Dotcoin remain shrouded in mystery, with little concrete information available about the project's core team.
However, a cloud of speculation has arisen, suggesting that Venom might have played a significant role in orchestrating Dotcoin's migration from the TON blockchain, such as being the team behind it.
This speculation hints at possible strategic motivations behind the shift, raising questions about whether Venom's involvement was a strategic manoeuvre to leverage Dotcoin’s large user base for its own benefit.
As the whispers of Venom's potential influence grow louder, they add an intriguing layer to the narrative, suggesting that the move could be more than just a quest for better scalability.
Instead, it might involve deeper strategic alignments, with both Dotcoin and Venom potentially working together to enhance their positions in the competitive blockchain and gaming landscapes.
Dotcoin’s Bold Move and Its Future
From Coinlive’s standpoint, Dotcoin’s migration from the TON blockchain to Venom is not just a strategic realignment but a potential inflection point in the blockchain gaming industry.
The shift reflects a broader trend where projects, once pioneers on new platforms, rapidly evolve or pivot in search of more scalable and robust solutions.
Dotcoin’s rapid growth and the subsequent migration raise critical questions about the sustainability of such blockchain ventures.
The anticipated listing of Dotcoin’s native $DTC token on Venom adds another layer of complexity.
While this listing promises new opportunities and enhanced integration within the Venom ecosystem, it also intensifies scrutiny on how effectively Dotcoin can transition its existing user base to a new blockchain environment.
As the game seeks to leverage Venom’s capabilities, the challenge will be maintaining user engagement amidst technical transitions and community dissatisfaction.
The game’s future hinges on overcoming these hurdles while proving that it can deliver on the promises of enhanced performance and stability.
Will Dotcoin’s gamble pay off, or will it be another case of grand ambitions facing unforeseen pitfalls?