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What is Notcoin (NOT)? – Bitfinex blog

4 Mins read

What is Notcoin (NOT)?

Notcoin has carved a niche for itself as a highly engaging clicker game within the Telegram app, captivating over 35 million users worldwide. Developed by Open Builders, the game simplifies the crypto-gaming experience by allowing players to accrue in-game currency, dubbed Notcoin, through repeated taps on a golden coin icon. This tapping depletes player energy, which gradually regenerates, introducing strategic gameplay elements that balance persistence with patience.

The game elevates its play-through by incorporating a competitive element where players vie for positions on a global leaderboard, categorised from Silver to Diamond leagues. To boost their earning rates, players can utilise daily boosts or purchase permanent enhancements with Notcoin. The game also supports passive earning through an Auto-Tap feature, allowing coin collection to continue even when the player is offline.

Transitioning from virtual to actual cryptocurrency, Notcoin is set to launch its NOT token on The Open Network (TON), which was originally initiated by Telegram. This real-world cryptocurrency will allow players to convert their virtual Notcoins into something more tangible, adding a layer of real-world utility to their gaming efforts. The NOT token is designed to be distributed equitably among all players, ensuring that everyone, from early adopters to new players, has a fair opportunity to benefit.

Beyond its gameplay, Notcoin is distinguished by its forthcoming Notcoin Airdrop, aimed at expanding its community by distributing free tokens. This move will not only bolster its user base but also integrate users more deeply into the cryptocurrency market, offering a low-risk entry into digital asset investment. Notcoin’s approach, melding straightforward, addictive gameplay with a gateway to cryptocurrency investment, positions it as an innovator in the fusion of gaming and digital financial assets.

What is the NOT Token?

The NOT token is set to be a new development in the crypto gaming subgenre, stemming from the popular social clicker game, Notcoin, which operates within the Telegram app. As a digital asset, the NOT token will transform the in-game currency, Notcoin, into a tangible asset on The Open Network (TON), a blockchain initially developed by Telegram. This shift from virtual game currency to real-world cryptocurrency offers players the opportunity to convert their gaming achievements into a tradeable digital currency, enhancing the gaming experience with real economic value.

The introduction of the NOT token is characterised by its equitable distribution strategy. In contrast to many crypto projects that heavily reward early adopters, Notcoin ensures that all players who have participated in the game—totaling over 35 million—will receive NOT tokens. This method aims to democratise the initial allocation of tokens, preventing the concentration of wealth and power common in new token launches. This approach is anticipated to foster a more balanced and fair ecosystem, encouraging a wide base of continued and new player engagement.

In addition to gaming rewards, Notcoin players have the option to voluntarily contribute a portion of their tokens to a community ecosystem fund. This fund is intended to support the ongoing development and expansion of Notcoin, financing new features and community growth initiatives. This aspect of Notcoin underscores its community-driven nature, relying on the collective support and engagement of its users to propel the game and its associated token forward.

Moreover, the Notcoin project adds an additional layer of engagement through its airdrop campaign, designed to expand its user base and integrate more participants into the cryptocurrency market. By offering free tokens through the airdrop, Notcoin aims to attract a broader audience, providing newcomers with an easy entry point into the world of digital currencies without financial risk. This strategic move is expected to boost the project’s visibility and viability, potentially leading to increased token value and a more vibrant player community.

NOT Tokenomics

The NOT token, integral to the Notcoin ecosystem, has been structured with a comprehensive tokenomics model that reflects a balanced approach between widespread user distribution and dedicated reserves for future development. The total supply of NOT tokens is approximately 102.72 billion. Of this, a significant 78%, amounting to roughly 80.22 billion tokens, has been earmarked for distribution to users at the launch. This wide distribution is designed to incentivize participation and reward the community that has supported Notcoin’s growth. Additionally, 22%, which translates to about 22.50 billion tokens, is allocated for the strategic development of the Notcoin ecosystem, ensuring sustainability and fostering innovations that will enhance the platform’s offerings.

The market dynamics for NOT tokens, as observed on trading platforms like Getgems, illustrate the active trading and valuation processes underlying this digital asset. Initial valuations have seen NFT vouchers trading at prices around $0.008 to $0.01 per token, with market capitalization estimates oscillating between approximately $800 million and $1 billion. This trading activity indicates a robust initial interest and provides insights into the community’s perception of the token’s value. The fluctuations in price post-listing are expected to drive a significant shift in ownership, as early participants capitalise on their holdings, potentially leading to new investors stepping in to establish a fresh holder base that could influence the token’s future trajectory and stability.

How to buy NOT with crypto

1. Log in to your Bitfinex account or sign up to create one.

2. Go to the Deposit page.

3. In the Cryptocurrencies section, choose the crypto you plan to buy NOT with and generate a deposit address on the Exchange wallet.

4. Send the crypto to the generated deposit address.

5. Once the funds arrive in your wallet, you can trade them for NOT. Learn how to trade on Bitfinex here.

How to buy NOT with fiat

1. Log in to your Bitfinex account or sign up to create one.

2. You need to get full verification to be able to deposit fiat to your Bitfinex account. Learn about different verification levels here.

3. On the Deposit page, under the Bank Wire menu, choose the fiat currency of your deposit. There’s a minimum amount for fiat deposits on Bitfinex; learn more here.

4. Check your Bitfinex registered email for the wire details.

5. Send the funds.

6. Once the funds arrive in your wallet, you can use them to buy NOT.

Also, we have Bitfinex on mobile, so you can easily buy NOT currency while on-the-go.

[AppStore]  [Google Play]

NOT Community Channels

Website | X (Twitter) | Telegram 



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