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Cryptocurrency News Articles
Notcoin Mining Phase Concludes, Token Launch and Airdrop Set for April 20
Apr 03, 2024 at 01:44 am
Notcoin, a Telegram-based clicker game, concluded its "mining phase" on Monday, paving the way for the upcoming token launch and airdrop. The NOT token is scheduled to debut on The Open Network (TON) on or around April 20, coinciding with the highly anticipated Bitcoin halving event, which could potentially lead to a rise in Bitcoin's value.
Notcoin Concludes "Mining Phase," Anticipates Token Launch and Airdrop on April 20
Notcoin, a viral Telegram-based clicker game that has captivated over 35 million players globally, has officially completed its "mining phase" as per its initial plan. The cessation of the addictive coin-tapping gameplay marks a pivotal moment ahead of the anticipated token launch and airdrop.
The eagerly awaited token distribution is scheduled to take place on or around April 20, coinciding with the highly anticipated Bitcoin halving event. Open Builders, the development team behind Notcoin, had previously hinted at a connection between the two significant events and has now confirmed the specific April 20 launch date.
Bitcoin Halving: A Catalyst for NOT Token Launch
The Bitcoin halving, which occurs approximately every four years, involves a 50% reduction in the number of BTC rewarded to miners. This mechanism aims to slow down the issuance of new Bitcoin and mitigate inflation, often leading to a corresponding surge in the price of Bitcoin.
Notcoin's Tokenomics and Speculative Market
Since its January launch, Notcoin has attracted an impressive player base, boasting a peak daily active user (DAU) count of over 6 million. Through the Telegram-based game's simple premise of tapping a coin, players have accrued in-game Notcoins, which will eventually be converted into an on-chain, tradable token this month.
Notcoin has already enabled users to speculate on the value of the NOT token by introducing pre-market investments in March through NFT vouchers. Elite players who accumulated at least 10 million in-game coins were eligible to convert their holdings into NFTs on The Open Network, which could subsequently be traded and eventually exchanged for the on-chain token.
At the time of writing, an NFT voucher representing 10 million in-game coins is currently valued at approximately $52 worth of Toncoin (TON) on the GetGems marketplace. Notably, there have been over $14 million worth of Notcoin voucher trades thus far.
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