Notcoin is letting top players trade mined coins via NFT vouchers before the airdrop—and is burning coins of inactive users, too.
Notcoin, the viral tap-to-earn game on messaging app Telegram, announced on Thursday the launch of pre-market vouchers—NFTs that live on The Open Network (TON) that will allow high-level players to trade their future NOT tokens before the airdrop has been conducted.
The minimum amount of mined Notcoin required to convert into an NFT voucher is 10 million coins, with the next-sized voucher available at 100 million coins. As such, the vouchers are only available to hardcore players that have amassed at least eight figures worth of in-game coins.
Vouchers can be used to trade NOT before the token is launched, and at the time of launch, will be convertible into NOT tokens. If players aren’t interested in pre-market trading, then they don’t have to participate—they can simply exchange their Notcoin in-game balance for NOT when the token goes live.
Notcoin is a Telegram-based game where users tap an image of a coin in order to earn in-game coins. The team behind Notcoin recently confirmed that there will be an airdrop to the game’s player base of 26 million users, which representatives told Decrypt’s GG is targeted for late March or early April.
It’s unclear at what rate the in-game currency will be exchangeable for the NOT token once it’s live, but the NFT voucher system will allow players to speculate on the future value of the token.
The top voucher sale on Thursday via the Getgems NFT marketplace on The Open Network was for 100 million Notcoin, which sold for $2,760 worth of Toncoin (100 TON). The NFT vouchers have a 20% royalty fee, the profits from which will go to funding NOT liquidity for token listings once it goes on-chain.
‘We’re Promising Nothing’: Telegram Game Notcoin Has 25 Million Players and a Soon-to-be-Real Token
Notcoin popped onto crypto gamers’ radar at the start of the year, as millions of Telegram players flocked to the chat app’s curious coin-tapping distraction—and were apparently mining billions of Notcoin in the process. But there was a curious catch: the coins weren’t real, at least not in the on-chain cryptocurrency sort of way. Now there are more than 25 million “Notcoiners” furiously tapping that same gleaming coin, competing in squads, and absorbing messages that are somewhat nihilistic but…
4 min read
Andrew HaywardFeb 23, 2024
Notcoin team members participated in a Twitter Space on Thursday where they outlined the voucher system, as well as covered the upcoming token burn. In the space, the team clarified that every time someone buys a boost with their in-game coins, they are burning those tokens.