In the realm of cryptocurrency, investors can encounter hundreds of new entrants, each implying unique investment opportunities. Amid these new projects, a Tap-2 earn game called Notcoin has grabbed the spotlight, with its NOT token exhibiting a remarkable price trajectory in early 2024. But…but… before you jump into the trend and buy Notcoin, it's essential to understand its fundamentals.
In this blog, we will discuss all the crucial know-how and whereabouts of Notcoin, spill the beans on its price predictions, and help you decide whether you should buy NOT token or not.
What is Notcoin?
Notcoin is a decentralized "tap-to-earn" game on Telegram, a popular social messaging platform. The gameplay involves simply tapping the screen to earn or mine the in-game token, $NOT, minted on the Ton blockchain. According to the Notcoin website, Notcoin is described as "Probably Nothing" and is focused solely on building a strong Web3 community through its rewarding mechanism.
Notably, the Beta phase of Notcoin ended on Dec 3 2023, with the beginning of the Mining Phase on Jan 1, 2024, where users could mint new Notcoins through their mobile devices, attracting 35 million players in just 3 months of its launch.
The milestone was even celebrated by Telegram founder Pavel Durov, who congratulated the team through his Telegram Channel on achieving this remarkable milestone. This can be seen in one of the tweets by a telegram user thanking the entire Telegram team for everything they have built.
On May 16, 2024, Notcoin entered the realm of real-world utility as its NOT token became available for trading on prominent crypto exchanges like Binance. This development allowed players to transfer or sell their Notcoins and earn real profits, thereby attracting an even larger audience to the Notcoin gameplay.
At the time of writing, the total supply of Notcoin is 102.7 billion NOT, out of which 80.2 Billion Notcoin is allocated to community members at the time of launch.
How Does Notcoin work?
Notcoin is a community-driven Web3 ``tap-to-earn" game designed to provide a fun and rewarding experience to Telegram users. The gameplay involves repeatedly clicking the Notcoin logo to earn NOT tokens, effectively minting new Notcoins. Initially, players can earn up to 100,000 NOT tokens at a time, with this limit resetting after a certain period. However, with active participation, players can improve their user profiles and increase their Notcoin earnings. The game also offers boosters that can speed up players' NOT earnings; notably, applying a boost requires players to sacrifice some of their already earned NOT tokens as a form of payment.
Users can also earn more Notcoins by inviting friends or joining groups. Through the "Squad" feature of Notcoin, players can form a team and compete on the leaderboard, thereby receiving rewards based on their performance. The game also supports passive earning through an Auto-Tap feature, allowing coin collection to continue even when the player is offline.
Furthermore, players can contribute a portion of their $NOT earnings to the Notcoin community to support the further development of the Notcoin ecosystem. Players can redeem their NOT tokens in a 1000:1 ratio or convert 10 million Notcoins (equivalent to 1.03 TON tokens) into vouchers in the form of NFTs, which can be traded on the GetGems marketplace and later redeemed for NOT tokens.
Use-Cases of Notcoin
Though NOT coin does not exhibit a wide range of use-cases. However, as the in-game token of the Notcoin; a "tap-to-earn" game on Telegram, it upholds a distinctive value and utility within and beyond the game.
Here are the key use cases of Notcoin.
In-game Earnings
The primary game play of Notcoin revolves around collecting the NOT token through multiple taps. This makes NOT a valuable asset and heartbeat of the Notcoin ecosystem.
Payment Currency
NOT act as a payment currency in the Notcoin game and to use in-game elements or boosters the players are required to sacrifice some earned NOT coins as form of payment.
Real-world Utility
The ability to trade NOT tokens on major exchanges gives the token real-world value, enabling players to convert their in-game efforts into tangible financial benefits.
Future Developments
Contributions to the community can be done through NOT token for the further development of the Notcoin ecosystem, ensuring continuous improvements and new features for the game.
How to Play Notcoin Game on Telegram?
To play the Notcoin game, follow these steps:
- Open the Telegram app.
- Search for the "Notcoin" bot.
- Set up your wallet using one of the multiple available options integrated with the TON blockchain.
- Start earning NOT tokens.
How can I mine NOT tokens?
NOT tokens can be mined through mobile devices using the Telegram app. Notcoin is an integrated Telegram bot game that allows players to mine NOT tokens with just a tap. To start mining NOT tokens, users need to search for the NOT bot on the Telegram app and begin minting new tokens. Notably, Notcoin has entered its utility phase, where users can now redeem and sell their earned NOT tokens to acquire the real-world value of Notcoins and earn significant profits.
Notcoin Price Prediction for the next bull run?
NOT is a community-driven cryptocurrency, so if Notcoin continues to attract new users and expand its ecosystem, it could create positive momentum in the Notcoin price in the next bull market. Moreover, several other factors, like Notcoin's new partnerships and integrations, can also impact the NOT coin price trajectory in the next bull run.
Notcoin experienced a dramatic price increase of 700% on its launch day, quickly achieving a $1 billion valuation. However, this initial euphoria was short-lived, as the price plummeted by more than 50% by May 20, 2024, leaving many investors disappointed. This high volatility indicates an underdeveloped project, making it challenging to predict Notcoin's price in the next bull run accurately.
Despite this volatility, some speculative assumptions can be made. If Notcoin continues to grow and demonstrate positive developments, it could potentially reach up to $0.07 during the next bull run. However, given the project's current state, this target remains speculative and challenging to achieve.
Investors should approach Notcoin with caution, conducting thorough research and considering the inherent risks associated with high volatility and early-stage cryptocurrencies.
You May Ask
1. Is Notcoin any worth?
Notcoin got its monetary worth with its Binance listing on May 16, 2024. Notcoin is worth $0.005505 today, at the time of writing. You can check the LIVE price of NOT coin on Flitpay.
2. Is Notcoin a good investment?
Investing in Notcoin, like any cryptocurrency, involves weighing its potential benefits against its inherent risks. Notcoin is a relatively new player in the crypto market, which means it hasn't yet established a long-term track record. This newness can lead to higher volatility and susceptibility to market fluctuations. Currently, Notcoin's primary use-case is within its Tap-to-Earn game on Telegram. While this game has gained significant popularity and attracted millions of users, the token's utility outside this ecosystem remains limited, which could impact its long-term adoption and viability.
3. What is the NOT coin price prediction for 2024?
NOT coin price in 2024, can vary depending on various technological advancements, adoption, and overall market conditions. In a bearish scenario, where market sentiment is negative and adoption remains limited, the price of NOT coin could be $0.001. In a bullish case where NOT token experiences increased user adoption, successful partnerships, and a positive market outlook, the price could surge to approximately $0.02.
Also Read:Toncoin Price Prediction
