‘Notcoin,’ a straightforward clicker game accessible via the messaging app Telegram, is gaining popularity as it gears up for its impending token airdrop scheduled in the upcoming weeks. Recent developments indicate a surge in both overall players and daily active users.
In-game statistics reveal that Notcoin has amassed over 30 million players on Telegram since its inception. Additionally, it reached a new milestone with more than 5 million daily active players for the first time on early Wednesday.
It’s worth noting that these figures are sourced from in-game data, as Notcoin currently operates off-chain. Nonetheless, there’s noticeable interest surrounding Notcoin, evident from the flooded in-game leaderboards showcasing players tapping away at the golden coin in anticipation of a crypto reward.
Notcoin intends to transition its vast in-game coin economy onto The Open Network, the blockchain platform initially developed by Telegram before being adopted by community developers in 2020.
All Time High activity pic.twitter.com/8tLQhBl0w6
— Notcoin Ø (@thenotcoin) March 20, 2024
As per statements from game representatives to Decrypt’s GG, the token generation event and subsequent airdrop to players are expected to take place in late March or early April. However, players inactive for extended periods may experience significant depletion of their mined coins, as Notcoin implements a 5% daily reduction in account balances after 30 days of inactivity.
In a recent update, Notcoin introduced the option for top players to convert substantial in-game coin holdings into NFT vouchers, which can be traded prior to the official token launch. Players have the opportunity to exchange 10 million or 100 million in-game coins for these vouchers, with holders being able to redeem them for NOT tokens upon their introduction on-chain.
This move enables cryptocurrency traders to speculate on the future value of Notcoin before the token generation event. Presently, vouchers representing 10 million in-game coins are trading for approximately $25 worth of Toncoin (TON) on the GetGems marketplace.
The largest transaction recorded thus far involves a 100 million Notcoin voucher, which sold for 1,100 TON, equivalent to roughly $4,180 at the time of sale. Collectively, these vouchers have generated a trading volume of 1.2 million TON, valued at over $5 million at the current market price.
In a related development, The Open Network announced a $115 million incentives program on Wednesday aimed at incentivizing developers and users to engage with the network. This initiative will include applications offering users the opportunity to “earn free tokens through simple mining mechanics,” drawing inspiration from successful models like Notcoin.
