Key Points
- Notcoin announced that NOT tokens worth about $3 million were just burned from the emission.
- Also, $4.2 million will go as an incentive for Gold and Platinum users of Notcoin Explore.
The team behind Notcoin just shared an important announcement via their X account. They noted that Notcoin Tokenomics is now extremely community-oriented, and NOT tokens with about $3 million were just burned from the emission.
They also said that $4.2 million will go as an incentive for Gold and Platinum users of Notcoin Explore.
The team behind Notcoin continued and revealed that the result of the burn mentioned above is that 94.18% of NOT is now in the hands of 11.5 million people, including traders, miners, stakers, and more.
5.82% is in the treasury for the next years of development.
They wrote that with the community now being the main stakeholder, the future seems bright.
The Notcoin team also shared the burn transaction:
Regarding NOT’s price today, at the moment of writing this article, the token is up by 6% in 24 hours and has a total market cap of over $1.48 billion.
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Earlier, Notcoin’s team shared a post on X saying that Notcoin is a community. The project is about a month from listing on the exchanges, and it had a journey filled with ups and downs, development, and fun.
They noted that Notcoin created a whole new segment of mining applications in Telegram, and boosted the growth of the TON ecosystem, becoming a major player in the crypto world.
Notcoin has been listed on major crypto exchanges and had a “nice ride” with all the launch pools, inviting millions of traders into the community.
The post continues and reveals that unclaimed tokens have been divided into three groups:
- future developments
- burn
- the rest will be distributed to Notcoin Explorers from Gold and Platinum levels
What is Notcoin (NOT)?
Notcoin started as a viral Telegram clicker game that managed to onboard lots of users into Web3 via a tap-to-earn mining mechanic.
NOT is a community token that users can earn when discovering Web3 products. Also, users can participate in new games and they can earn by adding value to the ecosystem.
Web3 builders can offer their products to the community via Notcoin campaigns.
Not too long ago, Notcoin’s founder Sasha addressed important steps regarding the future of the game, saying that he plans to move the game away from the simple clicker narrative.
He said that the plan for the next four years is for the project to become independent of the team by building sustainable and efficient subsystems.
