- The viral Telegram game Notcoin is gearing up for a fresh phase amidst a campaign to burn or redistribute approximately $8 million worth of NOT tokens.
- Initially launched as a tap-to-earn game, Notcoin had more than 35 million players collecting digital tokens, which were later converted into NOT tokens in the year’s largest crypto gaming token launch.
- Developer strategies now include burning NOT tokens and distributing extra tokens as rewards while hinting at an upcoming major update.
This article delves into the latest developments surrounding Notcoin’s new strategies and their impacts on the crypto gaming community.
Notcoin’s New Strategy: Token Burn and Distribution
In a bold move to maintain player engagement and reinforce token value, Notcoin developers have burned $3 million worth of unclaimed NOT tokens. This token burn reduces the circulating supply and potentially increases the value of the remaining tokens. Furthermore, the team announced an additional distribution of $5 million in NOT tokens as bonuses, a reward aimed at active community members.
Cryptocurrencies and Community Engagement
In May, Notcoin introduced earning missions, allowing players to passively collect crypto based on their in-game performance. Players are ranked, with the top position being Platinum. The bonus NOT tokens will primarily reward those who achieved Gold and Platinum statuses. The remaining unclaimed tokens from the initial airdrop will be redirected to the Notcoin treasury, earmarked for the project’s future enhancements. As a result, this innovative tokenomic model ensures that 95% of NOT tokens reside in the hands of the community, fostering a sense of ownership and participation among users.
Future Prospects: A Potential New Era
Recently, hints of a significant update were shared on Notcoin’s Telegram channel, alluding to a “great reset” or a “fresh start.” This speculation took shape when users clicked a hyperlink leading them to the Lost Dogs Co. Telegram channel, which featured a graphic with a NOT coin, sparking further curiosity and anticipation among the followers.
The Link Between Notcoin and Lost Dogs
Lost Dogs, launched in early 2023, is an NFT collection on The Open Network, the same blockchain that powers Notcoin. This project allows users to create over 1.5 million unique dog NFTs through a unique breeding mechanism, supported by a Mutagen Collection to customize the digital pets. Speculation arises concerning whether this connection signals a broader strategy by Notcoin to expand its ecosystem into diverse gaming and social experiences.
Towards a Broader Gaming Ecosystem
Open Builders founder and Notcoin co-creator Sasha Plotvinov envisions Notcoin evolving into a “Netflix of social, viral games.” Notcoin’s model is seen as a launchpad for independent developers to create new viral games, leveraging the well-established infrastructure and audience of Open Builders. This cross-project synergy aims to fuel continuous engagement and growth within the token-driven economy.
Conclusion
Notcoin’s latest moves indicate a dynamic approach to sustain its ecosystem and enhance player engagement. By reducing token supply through burns and rewarding active community members, Notcoin aims to further cement its place in the cryptocurrency gaming landscape. The teased integration with Lost Dogs hints at an ambitious future, aligning with Plotvinov’s vision of a vibrant, interconnected gaming experience. As the broader Telegram gaming scene evolves post-airdrop, all eyes remain on Notcoin’s next steps.
