Telegram to Launch Gaming Accelerator Spurred by Notcoin (NOT) Success
- Telegram is launching a “gaming accelerator” with $50 million in funding from partner Helika Gaming.
- The initiative intends to get game studios and indie game developers to build new apps on top of the Telegram platform and TON blockchain.
- The Notcoin (NOT) token is down 50% in the past month and has lost over $1 billion in market cap.
Viral Telegram-based Web3 game, Notcoin (NOT), has revealed that Telegram, Notcoin, and Helika Gaming have inked a strategic partnership to build new gaming experiences on Telegram.
Aiming to capitalize on the momentum of Notcoin and Hamster Kombat, a new swathe of blockchain-powered mini-apps could soon emerge on Telegram.
Telegram Gaming Accelerator
Notcoin announced that Telegram will be partnering with Helika Gaming to bring new experiences and apps to millions of users on Telegram.
According to Notcoin, the play-to-earn (P2E) app introduced the “new meta” of Telegram-based mini apps powered by The Open Network, or Ton (TON), blockchain.
Notably, the collaboration has $50 million in funding from Helika Accelerate, which will support game studios, app developers, and indie creators as they bid to make their Web3 projects come to life.
According to Helika, Notcoin’s “questing” platform will be integrated into its product stack, which will allow Helika’s Web3 analytics platform to “optimize user acquisition” amongst other things.
Notcoin notes that applications for the first cohort are set to open next week.
Notcoin (NOT) Price
The NOT token has been seemingly unresponsive to the news and is following along with the bearish crypto market downtrend.
(Source: CoinMarketCap)As per data from CoinMarketCap, the NOT token has fallen by 10% in the past 24 hours, with a total decline of over 50% in the past month. At present, NOT is trading at a price of $0.01172.
Its market cap, which was briefly high enough to put it into the top 50 cryptos, has also been cut in half, slumping from 2.5 billion at the start of June, to $1,2 billion today.
Notcoin Token Burn
The Notcoin token-burning initiative began in mid-June. As per a post to the Notcoin Community Telegram, the team burned $3 million worth of Notcoin. A $4.2 million portion will be distributed to higher-tier users of the Notcoin app.
According to Notcoin, this puts “94.18%” of the token’s supply with “[…]11.5 million people, including traders, miners, stakers, etc.” – leaving the remainder in the team’s treasury “[…]for the next years of development.”
New Binance Pair Listing
Binance also expanded trading options for NOT, which it officially listed in May 2024 . As of June 13, 2024, users can access a NOT to Brazil Real ( NOT/BRL ) trading pair.
Notcoin also has unique benefits in being based on The Open Network (TON), the flagship blockchain network and crypto of Telegram. With a 900 million strong userbase, Telegram bolsters the reach of the Notcoin app, which seems to be designed to introduce new TON ecosystem projects and get people using them.
As reported by Delphi Digital, the number of daily active addresses on TON is currently outpacing Ethereum, suggesting that the TON ecosystem could be in full bloom.
40 Million Users
As per a post from Notcoin (NOT) in early June, the Telegram-based P2E game reached 40 million users, adding 5 million in just a week.
Following the announcement, the price of the NOT token relished in a brief spike in price, boosting it some 9% from around $0.01778 to a high of $0.01941.
It now boasts a market cap of $1.9 billion , down from a lofty high of $2.56 billion a month ago, which previously placed it in the top 50 cryptocurrencies by market capitalization – It is now ranked 53rd by market cap.
Last week it also witnessed significant 24-hour trading volumes of around $2.2 billion, ranking it 7th above Solana ( SOL ). Today it is down to $845 million, ranking it 11th between Ripple (XRP) and Dogecoin (DOGE).
According to Notcoin, users have earned over $1.5 million across the 20 campaigns that they explore, learn, and earn with.
Notcoin highlights that the total rewards paid out in just a month outpaces most Web3 projects. Looking ahead, Notcoin expects a tenfold increase in the number of campaigns and Notcoin earned “once automated campaigns are launched.”
What is Notcoin (NOT)
Notcoin (NOT) is a play-to-earn (P2E) token and game on the increasingly popular Telegram messaging app and is a new member of The Open Network (TON) ecosystem.
Notcoin AppThe project launched in late 2023 and originally required users to tap a virtual gold coin to earn – or “mine” – NOT tokens. In May 2024, the game introduced various quests and tasks, such as discovering and interacting with new Web3 projects, expanding the game’s earning potential.
(Source: Notcoin)Following the addition of explore and earn in May 2024 , the Telegram-based token gained some 147% in value in a week, climbing from $0.009 and breaking past the 1 cent mark to $0.02376.
Analysts predict the NOT token could reach a price of $0.047 in 2025. This is uncertain as the project lacks a whitepaper explaining anything in detail about it. Though despite this it has managed to attract millions of players and significant levels of investment.
How-To-Play
The viral game may be the latest hype in the crypto space, and warrant some due diligence and own research, but people are still wanting to know how to play.
Users have a limited amount of “energy” to use with each tap. Supposedly, this limits users to a maximum of 1,000 NOT tokens per session, which can increase depending on certain features.
Players are offered a “Boost” feature which allows users to increase the amount of NOT tokens received, an auto-tap bot, reduce the energy recharge time, increase your energy level, and more. All boosts are purchasable with earned NOT.
Notcoin App and BoostersPlayers can also complete tasks to earn. this includes referring friends, activating Telegram Premium, owning certain non-fungible tokens (NFTs), and interacting with Web3 projects in the TON ecosystem. In addition, players can stake their NOT tokens to gain access to higher-earning campaign pools.
Users can then trade their earned NOT tokens or sell them on any listed exchange such as Binance and KuCoin.
Notcoin Roadmap
Tapping into Telegram’s gigantic user base of 900 million monthly active users may provide some long-term value to Notcoin’s popularity. Whether or not it can sustain its current momentum will depend on whether or not it can adequately reward its reported 40 million users.
With intentions of increasing its earning potential by 10x, it also plans to bring new levels to players, allow users to share earnings, and make it easier for new projects to launch campaigns on the app.
Though the project’s website lacks a whitepaper or any comprehensive details on its future, it is reported that Notcoin intends to continue onboarding new projects to promote through its P2E campaigns. Furthermore, it hopes to be a community-driven ecosystem with more games, staking opportunities, trading bot functionality, and an NFT voucher/reward program.
Details are scarce, and the general optimism around the project appears only to be guided by the NOT token’s performance in the past week. Time will soon tell if this ambiguous-at-best project can retain this level of interest.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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