Popular Telegram game Notcoin has introduced a system allowing dedicated players to trade their in-game currency for pre-market vouchers.
These vouchers, built on The Open Network (TON) as NFTs, represent the future NOT token and can be traded before the official airdrop to the game’s 26 million player base.
A Closer Look at the Pre-Market Voucher System
The innovative move is designed to reward the game’s most dedicated players, with the minimum requirement to convert mined Notcoin into an NFT voucher set at 10 million coins.
A higher tier of the voucher, targeting the most hardcore gamers, requires a hefty 100 million coins. This mechanism not only acknowledges the efforts of the most active players but also introduces a speculative element to the game, as these vouchers will enable trading of NOT tokens prior to their official launch.
The utility of these vouchers extends beyond mere speculation. At the launch of the NOT token, voucher holders can convert their NFTs into NOT tokens, thus getting a head start in the token economy.
However, participation in this pre-market trading is optional, offering flexibility to players who prefer to wait and convert their in-game Notcoin balance directly into NOT tokens upon launch.
https://twitter.com/thenotcoin/status/1765834599505002831?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1765884886462656747%7Ctwgr%5E648d5c07268bbe4246e15f30b1543856eba1430e%7Ctwcon%5Es2_&ref_url=https%3A%2F%2Fdecrypt.co%2F220711%2Ftelegram-game-notcoin-launches-pre-market-trading-ahead-airdrop
Notcoin has captivated a vast audience on Telegram, with its player base recently expanding to 26 million users.
The game’s simplistic yet addictive tap-to-earn mechanic, where users tap an image of a coin to accumulate in-game currency, has led to the accumulation of billions of Notcoin.
The upcoming airdrop, targeted for late March or early April, has added an extra layer of excitement and anticipation among the game’s community.
The introduction of NFT vouchers has already made waves in the market, with a notable sale on the Getgems NFT marketplace on The Open Network going for $2,760 worth of Toncoin (100 TON) for a 100 million Notcoin voucher.
Inactive users have had 5b+ Notcoin burned in the last 2 days.
🔥 5% will be burning every day for those who is inactive for 30 days. Or they can get back to tap and earn.
Both are fine.
¯\_(ツ)_/¯ pic.twitter.com/BxspsIj5IL
— Notcoin Ø (@thenotcoin) March 7, 2024
This sale not only highlights the community’s eagerness to engage with the new system but also introduces a 20% royalty fee on voucher sales, which will contribute to NOT liquidity once the token is officially on-chain.
Moreover, the Notcoin team has been actively engaging with the community, providing updates and insights into upcoming features such as the token burn mechanism and the role of the decentralized autonomous organization (DAO) in governing the game post-launch.
The DAO, which already boasts 158,000 members, is expected to play a crucial role in the game’s ecosystem, although specific responsibilities and voting rights remain to be detailed.