What is Notcoin? Notcoin Explained in 2024

Launched
as
a
viral
Telegram
game,
Notcoin
quickly
onboarded
users
into
the
Web3
space
through
its
innovative
tap-to-earn
mechanic.

This
article
delves
into
the
origins,
technical
foundations,
and
market
performance
of
Notcoin
to
provide
a
comprehensive
overview
of
this
intriguing
cryptocurrency.

What
is
Notcoin?

The
Notcoin
project
began
as
an
experiment
in
user
engagement,
allowing
participants
to
mine
tokens
by
interacting
with
a
virtual
coin
in
the

Telegram
app.
This
gamified
approach
quickly
gained
traction,
amassing
millions
of
users
and
creating
a
vibrant
community.

The
Notcoin
team
saw
an
opportunity
to
merge
entertainment
with
financial
technology.
Their
goal
was
to
create
a
seamless
introduction
to
cryptocurrencies
for
users
who
might
not
be
familiar
with
blockchain
technology.
By
focusing
on
ease
of
use
and
accessibility,
Notcoin
has
positioned
itself
as
a
gateway
to
the
world
of
digital
assets.

Notcoin
History
and
Development

Notcoin
(NOT)
was
first
introduced
in
November
2023
as
a
closed
beta
within
Telegram.
The
game
was
initially
marketed
as
a
meme
coin
with
no
clear
purpose
beyond
being
a
viral
sensation.
Despite
its
humble
beginnings
and
the
development
team’s
limited
experience,
Notcoin
quickly
gained
traction,
attracting
over
650,000
users
within
a
few
weeks.

The
official
launch
on
January
1,
2024,
marked
a
significant
milestone,
with
over
5
million
players
joining
in
the
first
week
alone.
This
rapid
growth
was
bolstered
by
the
support
of
the
TON
Foundation,
which
added
legitimacy
and
technical
backing
to
the
project​.

Technical
Foundations

Notcoin
operates
on
the

TON
(Telegram
Open
Network)
blockchain.
The
TON
blockchain
is
known
for
its
high
transaction
throughput
and
security
features,
making
it
an
ideal
choice
for
a
project
with
the
scale
and
ambition
of
Notcoin.

Key
Technical
Features:

• 
  Blockchain:
  TON
  (Telegram
  Open
  Network)
• 
  Consensus
  Mechanism:
  The
  exact
  consensus
  mechanism
  utilized
  by
  TON
  enhances
  speed
  and
  security,
  but
  detailed
  specifics
  were
  not
  explicitly
  mentioned
  in
  the
  sources.
• 
  Token
  Supply:
  Notcoin
  has
  a
  total
  supply
  of
  approximately
  102.7
  billion
  tokens,
  all
  of
  which
  are
  currently
  in
  circulation.

The
technical
design
of
Notcoin
emphasizes
user
engagement
and
ease
of
access.
This
is
evident
in
its
integration
with
Telegram,
a
platform
with
over
500
million
active
users,
providing
a
significant
potential
user
base
for
Notcoin.

How
Does
Notcoin
Work?

Notcoin
operates
on
the
TON
blockchain
and
employs
a
tap-to-earn
mechanic,
where
players
click
on
an
animated
coin
to
earn
Notcoins.
So
what
is
Notcoin
used
for?

The
game
is
designed
to
be
simple
and
accessible,
even
for
those
new
to
cryptocurrencies.
Key
features
of
Notcoin’s
gameplay
and
how
Notcoin
works
include:

Click
Mining

Players
earn
Notcoin
cryptocurrency
by
repeatedly
clicking
on
the
animated
coin
in
the
Telegram
chat.
Initially,
each
click
yields
one
Notcoin,
but
players
can
upgrade
their
earning
potential
through
various
in-game
enhancements​.

Energy
and
Boosters

To
prevent
abuse,
Notcoin
uses
an
energy
system
that
limits
the
number
of
clicks
per
session.
Energy
replenishes
over
time,
and
players
can
purchase
boosters
with
their
mined
Notcoins
to
increase
their
energy
limits
and
accelerate
energy
recharge.
Boosters
also
allow
for
automatic
Notcoin
generation
even
when
players
are
not
actively
clicking.

Bonuses
and
Squads

Players
can
earn
additional
Notcoin
bonuses
by
inviting
friends
to
join
the
game
or
by
participating
in
“squads,”
which
are
public
Telegram
groups
or
channels
that
compete
on
leaderboards.
This
social
aspect
encourages
collaboration
and
adds
a
competitive
element
to
the
game​​.

Future
Tokenization

Currently,
Notcoins
exist
as
in-game
assets
without
real-world
monetary
value.
However,
there
are
plans
to
launch
Notcoin
as
a
real
token
on
the
TON
blockchain,
which
would
enable
players
to
trade
and
use
Notcoins
beyond
the
game,
giving
them
real
monetary
value​.

By
integrating
these
features,
Notcoin
offers
a
straightforward
yet
engaging
way
for
users
to
explore
the
world
of
digital
currencies
and
blockchain
technology.

Market
Performance

Notcoin’s
market
performance
has
been
notable
since
its
inception.
Despite
its
origins
as
a
game-based
token,
it
has
achieved
a
substantial
trading
volume
and
market
capitalization,
reflecting
strong
community
support
and
investor
interest.

Recent
Market
Data:

• 
  Current
  Price:
  Approximately
  $0.00548
• 
  24-hour
  Trading
  Volume:
  Around
  $159
  million
• 
  Circulating
  Supply:
  102.7
  billion
  tokens
• 
  Market
  Cap:
  Approximately
  $563
  million

Notcoin’s
price
history
has
experienced
volatility,
typical
of
cryptocurrencies,
with
notable
highs
and
lows.
For
instance,
its
all-time
high
was
$0.01445,
achieved
shortly
after
its
listing,
and
it
recently
saw
a
low
of
$0.005124.

NOT
began
trading
across
multiple
exchanges
on
May
16,
allowing
users
who
had
earned
TON
to
sell
for
profit.
The
selloff
caused
a

55%
drop
in
the
price
of
Notcoin
cryptocurrency.

Use
cases
and
applications

Users
earn
Notcoins
by
tapping
their
screens
in
the
game,
making
it
a
fun
and
engaging
way
to
introduce
people
to
cryptocurrency.
The
game
mechanics
include
energy
limits
and
boosters
to
increase
earnings,
enhancing
the
gaming
experience​.

Notcoin
users
can
access
a
versatile
digital
asset
ecosystem,
including
decentralized
finance
applications.
By
leveraging
the
TON
blockchain,
Notcoin
supports
the
development
of
decentralized
applications.

Finally,
the
project
has
introduced
an
NFT
collection
to
combat
bot
farming
and
enhance
user
engagement.

These
NFTs
offer
additional
benefits
and
can
be
traded,
adding
a
layer
of
value
and
utility​.

How
to
Buy
Notcoin:
Methods
and
Wallets

As
Notcoin
(NOT)
continues
to
gain
popularity,
more
users
are
looking
to
acquire
this
unique
cryptocurrency.
Here’s
a
comprehensive
guide
on
how
to
buy
Notcoin
and
the
best
wallets
to
store
it:

Buy
Notcoin
Via
Binance
Exchange

If
you
don’t
already
have
an
account
on
KuCoin,
BitFinex,
or
Bybit,
start
by
registering
on
the
respective
website
and
completing
the
necessary
KYC
(Know
Your
Customer)
verification
process.

Deposit
funds
into
your
account
using
supported
cryptocurrencies
like
Bitcoin
(BTC),
Ethereum
(ETH),
or
stablecoins
such
as
USDT.

Navigate
to
the
trading
section
and
search
for
the
NOT
trading
pairs.
Currently,
you
can
trade
NOT/BTC,
NOT/USDT,
and
other
available
pairs.
Place
your
buy
order
at
the
desired
price
level
and
complete
the
purchase.

Alternative
exchanges
to
buy
Notcoin

You
can
also
buy
Notcoin
on
KuCoin,
BitFinex,
or
Bybit.
First,
register
on
the
website
of
choice
and
complete
the
necessary
KYC
verification
process.

Deposit
funds
into
your
account
using
supported
cryptocurrencies
like
Bitcoin
(BTC),
Ethereum
(ETH),
or
stablecoins
such
as
USDT.

Navigate
to
the
trading
section
and
search
for
the
NOT
trading
pairs.
Place
your
buy
order
at
the
desired
price
level
and
complete
the
purchase.

Wallets
to
Store
Notcoin

Tonkeeper

Tonkeeper
is
a
popular
wallet
specifically
designed
for
the
TON
blockchain,
making
it
a
great
choice
for
storing
Notcoin.
It
offers
a
user-friendly
interface
and
robust
security
features.
It
also
features
secure
storage,
easy
transactions,
and
compatibility
with
other
TON-based
assets.

TON
Wallet

The
official
TON
Wallet
is
another
reliable
option
for
storing
Notcoin.
This
wallet
provides
seamless
integration
with
the
TON
blockchain
and
supports
all
TON-based
tokens.
TON
Wallet
allows
for
enhanced
security,
multi-device
support,
and
straightforward
user
interface.

Other
Compatible
Wallets

Other
compatible
wallets
include
MetaMask
and
Ledger
Nano
S/X.

With
the
appropriate
configurations,
MetaMask
can
support
TON-based
tokens
like
Notcoin.
This
wallet
is
widely
used
and
offers
extensive
features
for
managing
various
cryptocurrencies.

For
those
who
prioritize
security,
hardware
wallets
like
Ledger
Nano
S
and
Ledger
Nano
X
are
excellent
choices.
These
devices
can
be
configured
to
store
TON-based
tokens
securely.

Regulatory
compliance
and
security

Notcoin
aligns
with
global
regulatory
standards,
ensuring
that
its
operations
are
transparent
and
legally
compliant.
This
includes
adhering
to
Anti-Money
Laundering
(AML)
and
Know
Your
Customer
(KYC)
regulations​​.

Using
the
TON
blockchain,
Notcoin
benefits
from
robust
security
features
that
protect
user
transactions
and
data.
Advanced
cybersecurity
practices
are
in
place
to
mitigate
risks
such
as
phishing
and
hacking
attempts​.

Notcoin
actively
educates
its
community
on
the
importance
of
regulatory
compliance.
This
includes
providing
resources
and
updates
to
ensure
users
are
aware
of
legal
requirements
and
how
they
affect
their
interactions
with
Notcoin.

FAQ