Notcoin is a game developed by Open Builders where players can earn in-game cryptocurrency, also called Notcoin, by tapping the screen repeatedly.
The game’s phenomenal success and Notcoin’s achievement of a $22 billion market capitalization in less than six months since launch are worth discussing.
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Notcoin: What Is It?
Notcoin (NOT) is a virtual coin used in a Tap-to-Earn game. Players earn Notcoins by tapping a button on the screen after launching the game through a Telegram bot.
Developed by Open Builders, a team known for creating viral social games,
the project aims to bring users into the Web3 space on The Open Network (TON) blockchain, which is directly linked to Telegram.
Even Pavel Durov, the creator of Telegram, has commented on the success of Notcoin.
After its launch at the end of 2023, the Notcoin project quickly gained popularity, reaching 35 million active users in just a few months.
Why is Notcoin so popular?
The reason lies in its successful combination of virality and extremely simple gameplay.
The game encourages social interaction, allowing players to form squads, invite friends, and participate in events. This has helped create an active community on the Telegram platform. One of the biggest factors behind its popularity is the ability to easily earn Notcoins, which can later be exchanged for real money.
Players can boost their Notcoin earnings through various in-game bonuses, such as those that increase the number of coins earned per tap.
The game’s popularity is further enhanced by leaderboards and quests, which encourage more active participation by offering additional rewards.
How to play Notcoin?
To start playing Notcoin, you need to follow these 2 steps:
- Access the game through the Telegram application. To do this, you need to contact the Notcoin bot on Telegram.
- Once in the game, you will find a simple process: players just need to tap the button with the Notcoin icon to earn in-game coins.
Each tap earns 1 Notcoin; the goal is to collect as many coins as possible using bonuses and other scenarios.
The Notcoin game gained a wide audience, largely thanks to its built-in referral program and user level system.
However, if you try to launch the Notcoin game now, you will see that it is not functioning.
Why is not the Notcoin game working?
Notcoin was launched to attract users to the Web3 sphere and the TON blockchain through a tap-to-earn mechanism, where players earned Notcoins by tapping on a virtual coin. However, this phase was temporary, and once the initial audience-building goals were met, the mining phase concluded.
The Notcoin Telegram bot hints that a new phase will begin soon.
How to Buy Notcoin?
Although the Notcoin game no longer works, it does not mean that you cannot buy Notcoin.
The official website (where the Buy button is available) describes three ways to purchase Notcoin.
The first method.
Use the wallet built into Telegram.
For example, you can:
- Buy USDT using a bank card and thereby top up your Telegram wallet.
- Then exchange (as shown in the screenshot above) USDT for Notcoin.
Thus, you can buy Notcoin in 2 steps.
The second way to buy Notcoin.
Use decentralized exchanges, including:
- StonFi,
- DeDust.
The third way.
Use decentralized exchanges, including:
- Binance,
- OKX,
- ByBit,
- and others.
How to sell Notcoin?
The specific steps may vary depending on where you have your Notcoin stored. However, the standard process typically involves two steps:
- exchange your Notcoin for USDT (or another popular cryptocurrency);
- convert your USDT into your local currency. For example, using a trusted exchange service.
This way, you can withdraw money from Notcoin into regular fiat currency.
When is the Notcoin Listing?
The wait for Notcoin to hit the exchanges was not all that tedious.
In less than six months since the Notcoin game launched, around mid-May 2024, Notcoin got listed on some of the most popular cryptocurrency exchanges:
- Notcoin was listed on Binance
- Notcoin ByBit listing
- Notcoin listing on exchanges such as OKX, BitMEX, BitGet, and others.
Notcoin has the NOT ticker. If you want to check its exchange rate against the dollar, you need to search for NOTUSDT (USDT being a stablecoin pegged to the value of the US dollar).
When Notcoin was listed, Coinmarketcap data confirmed that its market capitalization exceeded $22 billion. On the days of listing:
- the Notcoin Telegram community had 6 million subscribers;
- and 1.8 million followers on Twitter.
The big news about Notcoin is its capability to break into the top 10 cryptocurrencies, displacing DOGE, ADA, SHIB, AVAX, DOT, BCH, and other cryptocurrencies have been around for years.
Notcoin: Current Price and Forecasts
To find out the current price of Notcoin, follow these three simple steps:
- Download ATAS for free, install, and launch the platform;
- Click on the Chart button in the main window and select NOTUSD from the search bar in the instrument manager (indicated by number 1 below);
- Choose your data source (e.g., Binance) and click OK.
On the chart that appears, you will be able to see the current price of Notcoin.
The scale on the right (indicated by number 2) reflects the fluctuating price of Notcoin (for real-time updates on Notcoin’s price changes, an active connection to the exchange is necessary).
How much will Notcoin cost?
Predictions for Notcoin are scarce at the moment, given its youth as a project. There might not be sufficient fundamental and technical data to form solid forecasts for Notcoin’s price.
However, it is reasonable to speculate that Notcoin’s price will largely depend on the ability of the project’s developers to add intrinsic value and usefulness to the coin that was mined in large quantities by simply tapping the screen by anyone interested.
Durov himself believes that the price of Notcoin will increase by 100 times.
This is evident from his post, where he expresses confidence that the Notcoins gifted to him by users totaling $6.8 million will eventually be worth $680 million.
Let’s examine the NOTUSDT chart, which depicts the price movement in the initial days following Notcoin’s listing on exchanges:
The chart indicates that:
- Notcoin’s price finds support around the 0.00650 level;
- however, it subsequently breaks below this level;
- moreover, the price decline is accompanied by increased selling pressure (marked by arrows), as indicated by the Delta indicator.
According to some data, upon Notcoin’s listing on exchanges, there was a price drop from $0.02156 to $0.006618.
In general, this price movement suggests that market participants may not be fully convinced about the positive prospects for Notcoin. Their selling actions indicate an anticipation of a potential decline in the NOTUSDT price, at least in the short term.
However, it is possible that the absence of robust fundamental support (such as the mutual development of Notcoin and the gaming application ecosystem on Telegram or the addition of utility features for Web3 on The Open Network blockchain) could lead to a more prolonged downturn in the gaming currency.
FAQ
When did Notcoin appear?
Let’s consider November 2023 as the date of creation of the gaming project Notcoin. On the 19th of that month, the Notcoin Telegram channel published the project’s WhitePaper document (which, by the way, consists of blank pages).
How to download Notcoin?
To play the Notcoin game, you need to enter /start in the input field of the t.me/notcoin_bot. However, as shown above, the phase when the game was available has already ended. This news could have been used by dubious projects launching clones of the Notcoin game on other platforms (an example of a Notcoin clone on the Play Market is below):
When will Notcoin be listed on the exchange?
During May 15-17, 2024, Notcoin was listed on exchanges such as Binance, OKX, ByBit, and others.
How to withdraw money from Notcoin?
You can exchange it for USDT on the exchange or in the wallet, and then send USDT to your bank card using currency exchange services.
How to Learn to Trade Notcoin
With Notcoin now listed on exchanges, it opens up opportunities for intraday speculations on the NOTUSDT exchange rate. You can learn how to trade Notcoin and other cryptocurrencies using the ATAS Market Replay simulator without any risk to your capital.
To do this, download the ATAS platform for free, install, and launch it, and then:
- Open the Notcoin’s price chart;
- click on the Market Replay button in the main ATAS menu;
- activate the Replay mode (the icon should turn green);
- adjust settings if necessary (date, data type);
- start playback and enhance your trading skills with Notcoin or other assets.
During your training in trading Notcoin using the Market Replay simulator, you can:
- adjust the playback speed, and pause;
- test your strategies, monitor signals from over 400 indicators;
- of course, use Chart Trader and other features to trade Notcoin on the built-in demo Replay account;
- use drawing objects, for example, mark support and resistance levels;
- use various chart types (e.g., non-standard Range XV);
- use exit strategies;
- analyze volumes in the Level II order book, for instance, using the DOM Levels indicator;
- and much more to become a trader from scratch.
ATAS enables you to download tick history from different markets, not just cryptocurrencies, providing you with a comprehensive foundation for identifying patterns in price and volume interactions.
Conclusions
Notcoin gained recognition since late 2023 when it was introduced in the Tap-to-Earn Telegram game. In this game, players could earn Notcoins by simply tapping a button. This simple yet engaging mechanism allowed players to accumulate in-game currency. They could complete quests, participate in rankings, and use boosters to enhance their earnings, making Notcoin an enjoyable and accessible introduction for newcomers to the world of blockchain gaming.
The viral effect of the game enabled it to reach an audience of 35 million users in approximately six months. Telegram founder Pavel Durov commented on Notcoin’s impressive achievements, highlighting the various advantages that the Telegram platform offers to application developers and cryptocurrency enthusiasts.
“This amazing success story shows how effective the Telegram/TON ecosystems are for application developers,” he wrote.
In May 2024, the Notcoin project transitioned to the next stage – the game, which attracted an audience through simple cryptocurrency mining, is no longer available. However, Notcoin has been listed on major cryptocurrency exchanges, and official sources promise the next stage soon. The success of this next stage will determine the growth of Notcoin’s price, which has shown negative dynamics in the first days after listing. In the best-case scenario, Notcoin will be able to establish itself in the top 10 cryptocurrencies.
Do you want to trade Notcoin? Before rushing into trading a cryptocurrency that is gaining popularity, make sure you have a sufficient theoretical knowledge base on trading:
- Check out the Learn section in the main menu of the ATAS platform for educational materials.
- Explore ATAS tools like professional-grade cluster charts, the Smart DOM order book, Smart Tape, useful indicators, and more.
- Read helpful articles about trading strategies in the blog. Test your skills in the simulator or in real-time on the built-in demo account without risking real funds.
- Your trading advantage may be based on technical analysis, volume analysis.
Download ATAS. It is free. During the trial period, you will have full access to the platform’s tools to experiment with various futures trading strategies and determine which one suits you best. Moreover, you can continue using the program for free even after the 14-day trial period is over, whether it is for cryptocurrency trading or volume analysis in futures markets.
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Information in this article cannot be perceived as a call for investing or buying/selling of any asset on the exchange. All situations, discussed in the article, are provided with the purpose of getting acquainted with the functionality and advantages of the ATAS platform.
