Nocoinone of the great sensations of this year in the cryptocurrency market, and one could say on the entire Internet, announced the burning of a colossal amount of NOT, the native token of the popular tap-to-earn game.
Nocoinone of the great sensations of this year in the cryptocurrency market, and one could say on the entire Internet, announced the burning of a colossal amount of NOT, the native token of the popular tap-to-earn game.
According to a recent update on its social media platform, the company has burned NOT tokens worth $3 million, drastically reducing the token supply. The announcement also mentions an incentive plan worth $4.2 million, meant to reward its Gold and Platinum users on the Notcoin Explore platform.
Arman ShirinyanCurrently, the circulating supply of NOT tokens stands at 102.49 billion, with a market value of $0.01432 per token. This puts Notcoin’s market capitalization at approximately $1.47 billion, securing its ranking as the 59th largest cryptocurrency, according to CoinMarketCap.
The token burn is part of Notcoin’s broader strategy to improve tokenomics and increase value for its users. By reducing the total supply, the popular tap-to-earn project aims to create scarcity, potentially increasing the token’s value and appeal.
This move aligns with ongoing efforts to ensure that Notcoin’s primary beneficiaries are its community members.
What is Notcoin (NO)?
Notcoin is a tap-to-win Web3 game released on January 1st, within the TON ecosystem. Technically, Notcoin is a mini app within the Telegram messenger. The project caught the attention of users thanks to the announced NOT coin giveaway.
Gamza KhanzadaevThe developers offered users of the app the opportunity to extract tokens by simply tapping the screen of their smartphone. The game’s audience exceeded 35 million people in a couple of months.
