Notcoin Review: Mining Coins on Telegram and What to Do Next
‘Notcoin’ search term saw a massive increase from 6 to 100 points on Google Trends within seven days. A Telegram app with a game to ‘mine’ virtual coins went viral with over 4 million players in a week.
Incrypted team gathered project information and consulted with Notcoin developers to answer commonly asked questions and understand app’s growing popularity.
Emergence of Notcoin: A Brief Overview
Notcoin is a game project in the TON ecosystem, which operates on the Telegram messenger platform. By playing the simple game, users can mine virtual coins, which can potentially be exchanged for tokens.
It is worth mentioning that, as of now, the project does not have a token. Any coins obtained are solely in-game points.
The Notcoin page on X was registered in November 2023. The public version of the game application was presented on January 1st.
The developers reported around 150,000 active users following the launch. As of January 8th, the daily number of active accounts exceeded 1.5 million, and the total number of players went beyond 4 million.
At the time of writing, Notcoin is accessible via a Telegram bot as a TWA (Telegram Web App).
The team’s representative told Incrypted that the goal of their project is to introduce millions of users to the industry through a fun and easy-to-play game.
However, there is more to it than that. The success of the project relies on the expectations of the airdrop and how easy the app is to use for the Telegram community.
It’s possible that the name Notcoin was influenced by the marketing tactics of ANALOS and similar projects since the NOT ticker is the reverse of the TON blockchain name. The success of meme tokens also draws attention to this trend.
How Do You Earn Coins?
By tapping on the mobile version of the Telegram app, users can earn in-game coins with Notcoin. To acquire them, follow these steps:
- Open the Notcoin Telegram bot.
- Click on ‘Let’s go’ from the main menu.
- Tap anywhere on the screen.
For each tap, the user receives one coin and consumes one unit of energy. Some players believe that in the future, they will be able to receive airdrops of tokens on the TON blockchain by accumulating ‘mined’ points.
Ways to Help You Earn More
In addition to the standard game mechanics, users are offered several boosters to increase the efficiency of Notcoin mining:
- energy renewal and turbo mode;
- multitap;
- tap-bot for automatic coin farming;● quests and in-game achievements.
For every user invited and their progress in the game, extra rewards are provided. Referrals can prove to be a useful method for increasing profits.
Creating a Squad
Squads are communities of Notcoin miners that offer additional bonuses to their members. Each player contributes to the community’s rating by earning coins.
Squads are public Telegram channels or chats that users can join by sending a message with a special link to the corresponding chat or channel (read more here).
Players can create their own squad, and any members who join will be considered referrals of the creator and receive corresponding rewards. This makes creating a squad the most effective way for influencers to earn in-game coins.
Frequently Asked Questions about Notcoin
The Notcoin team has not provided adequate information, leading users to search for answers to important questions on various platforms. This article aims to address those questions.
How to Purchase Notcoin Tokens Now
At the moment, the Notcoin token is not yet available for purchase as it has not been launched. There are no associated smart contracts, listings, or liquidity pools for this asset. As a result, users are currently unable to buy the token.
Pre-launch transactions involving NOT or its analogs like buying, raffles, or giveaways are fraudulent.
Is Notcoin a Scam?
We cannot give a conclusive answer as we do not possess enough information about the project.
Notcoin’s motto is ‘probably nothing’, which allows developers to abandon further activities at any time without any consequences. Despite this, Notcoin has a vast base of millions of active users, its official X page has over 100,000 followers, and it enjoys active support from various influencers.
The Open Builders project team is part of Tonstarter and has raised $1.5 million in investment from Gate, DWF Labs, Kingsway Capital, and others. The team is not disclosing their lineup.
What Will Be Given In Exchange For Coins After The Listing And Where Can It Be Obtained?
The Notcoin team has not provided any details on the listing or future drop. However, the project’s representative confirmed to Incrypted that the token is scheduled to be launched within the next few months.
After the official launch and listing on trading platforms, it is likely that the Notcoin coins received via Telegram will be transformed into tokens. The mechanism and exchange rate are currently unknown.
Exchanges, both centralized and decentralized, that are supported by TON network can be used as platforms for listing.
Conclusions
Notcoin is a Telegram game application that is gaining popularity among messenger users. The game allows users to ‘mine’ the project’s coins using simple mechanics.
The exchange of in-game assets for tokens on the TON network is a major point of interest for players. Some people also consider Notcoin (NOT) as a type of meme-token that follows a trend popular on other blockchains, which has resulted in early investors making large profits.
