What is Notcoin (NOT) And How Does It Work?

What is a Notcoin?

Simply put, Notcoin (NOT) is a play-to-earn token inside the TON ecosystem, used in a Telegram-based game.

This game involves tapping on an animated coin, and users can enhance their earning potential through in-game enhancements and boosters.

The gameplay is designed to be simple and accessible, making it an appealing introduction to cryptocurrency for new users​.

Launched under the slogan “not like other coins”, Notcoin’s founders present this crypto project as entirely different from the others - it has no investors, no marketing, and its growth is purely community-driven.

Its popularity is quite astounding considering the fact that this GameFi project has attracted over 40 million users in only half a year since its launch in January 2024.

Notcoin Tokenomics

Notcoin currently has a circulating supply of around 102.5 billion NOT tokens with a whopping market cap of over 1.3 billion USD.

Approximately, ¾ of the total supply is owned by early miners and holders, so we could say the reason is evident why this crypto project is driven by the community.

The remaining portion of tokens is reserved for new users and traders.

How Does Notcoin Work?

To explain more easily the role of Notcoin (NOT) inside the TON ecosystem, here’s an interesting analogy that will put things into perspective for you.

Imagine you're setting up a giant neighborhood fair where you're planning to host a variety of games, stalls, and activities.

This fair is like the TON ecosystem, a big, supportive environment where different activities can take place efficiently and securely.

Notcoin is like a special game booth at this fair. Because it's part of the overall fair setup (the TON ecosystem), it gets to use all the fair’s resources — like space, security, and infrastructure — to function smoothly. This allows the game (Notcoin) to run better because it's supported by the fair's robust setup, making it more fun and accessible for everyone who comes to play.

As more people come to play Notcoin, they can also participate in activities hosted by other booths (other TON-based applications and services), and vice versa. This interaction increases the chances of players coming back, making the game more successful.

In addition, by teaming up with other booths at the fair, Notcoin can offer players (the community) new types of rewards and challenges, making the game even more engaging.

These partnerships help keep the fair lively and interesting, drawing in more visitors and enhancing the experience for everyone involved.

In translation, this way the TON ecosystem keeps on growing as well as the community and Notcoin’s possibility for future development.

Where to Buy & Sell Notcoin

So, the next question is - how does one add NOT tokens to the wallet? Easily.

Many of the major crypto exchanges have already listed Notcoin and made it available for trading.

You can also find it on the Bitcoin Store and track Notcoin’s price changes in real time.

Besides buying tokens digitally and on online crypto exchanges, you can buy and/or sell Notcoins for cash in EUR (€) in Bitcoin Store’s physical exchange offices.

How to Add Notcoin to Your Bitcoin Store Wallet

First of all, you need to set up your wallet, verify your account and make your first deposit.

There are several ways of setting up an account:

• via desktop version (directly on the website)
• via mobile version (directly on the website)
• in a free app downloaded from the App Store or Google Play

Once you buy your Notcoin tokens, they will be visible in your cryptocurrency portfolio. To sell them, tap on Notcoin icon in your portfolio and go to “Sell” button.

Can I Still Mine or Earn Notcoin?

The initial “tap to earn” scheme of NOT officially ended on March 31, 2024. In the meantime, there was also an airdrop of 7 million USD to Notcoin users. As stated in their official Notcoin channel on Telegram in July 2024,

$5M shared with the stakers & level holders, and $2M more will be distributed for activities during the next 3 months.

Although mining per se is not possible anymore, newcomers in the Notcoin community can earn money through various contests that are frequently organized.

Does Notcoin Have a Future?

Will Notcoin be successful? - is the question that every crypto enthusiast would love to have answered. Luckily, the future of Notcoin appears promising given several factors:

• Growing User Base: Notcoin has already attracted a significant number of users through its integration with Telegram, a platform with hundreds of millions of active users.
  
• Innovative Play-to-Earn Model: The game's simple yet engaging "tap-to-earn" mechanic has proven popular, allowing users to earn cryptocurrency through interactive gameplay.
  
• Integration with TON Blockchain: Operating on the TON blockchain offers advantages in terms of security, scalability, and transaction speed, which are crucial for maintaining a good user experience.
  
• Market Performance: While the cryptocurrency market is known for its volatility, Notcoin has shown notable market performance since its launch, reflecting strong community support and investor interest.
  

However, the future of any cryptocurrency project is subject to various risks and uncertainties, including market dynamics, regulatory changes, and technological advancements.

While Notcoin definitely shows potential, it is important for the users and investors to stay informed and cautious, considering the inherent risks in the cryptocurrency space.