Amid the crypto market going through a bullish timeframe, a new cryptocurrency- ‘Notcoin’- has emerged and the crypto community seems fixated on it.
Notcoin has been trending on social media for the past few days as crypto enthusiasts are eager to know more about this cryptocurrency that has taken the market by storm.
In this article, we will explain all about Notcoin and will decipher the hype behind it to give you a complete picture.
What is Notcoin?
Notcoin is a free play-to-earn game on Telegram where users can earn points by simply taping the coin icons. It was launched on 1st January this year by using the infrastructure of Telegram embraced blockchain network Ton. Due to its simple yet addictive gameplay, Notcoin’s popularity shot up as millions of players joined within days of launch. It currently has over 35 million players, according to the official website.
All those players who are able to collect points will be turned into Notcoin tokens (NOT) when the minting is opened. This cryptocurrency token will be deployed on the Ton blockchain, said the game developers earlier at the time of launch.
A twitter post from the official Notcoin handle cited that more than 102 billion NOT tokens will be available to mint for players who have collected points. However, the developers are long-teasing the fanbase by not officially announcing the actual date.
This in-app game is directly benefiting the existing +800 million monthly active users of Telegram. It also selected the TON blockchain for the easy integration of a crypto wallet that users can benefit from. Every Telegram user can have their own Ton wallet easily without getting much into technicalities.. This might be one of the reasons behind Notcoin becoming a popular blockchain-game in a short span.
NOT Minting & Going Live For Trading
The leading crypto exchange OKX announced on May 9 that it will launch NOT in its Jumpstart Mining program. Under this program, users who stake TON tokens will be able to mint NOT tokens in reward. This minting initiative will start form May 13, exclusively on OKX exchange.
Following the initial minting announcement from OKX, another leading crypto exchange ByBit also announced that it will list NOT on May 16 within its spot markets. While NOT token was still waiting for the minting announcement, it went live for the pre-market trading on April 28 and has generated more than $3.6 million of trading volume on Getgems.
Trend & Future of Notcoin
After OKX announced the introduction of Notcoin (NOT) for staking rewards on its Jumpstart platform, Notcoin gained popularity. Notcoin has attracted strong interest from a worldwide audience, with its Google search volume over the past seven days surpassing that of the term “memecoin.” Notcoin has also been a trending topic on Twitter in recent days.
With easy onboarding and access, Notcoin has popped up as a trendy play-to-earn GameFi application. Its direct connection with Telegram and the emerging blockchain network Ton has provided a good kickstart for future growth. The current sentiment around it suggests that it has the potential to come up as a leading Gaming token in the crypto ecosystem.
You can find these cryptocurrencies in the Gas Profit App and even get details on their market analyses.
As the Notcoin game and its token NOT is still awaiting to be launched fully, the upcoming days will surely drive a massive boost to its existence. We can imagine how far Notcoin could reach, with millions of players already waiting to mint NOT tokens and others waiting to access the game.
