Notcoin

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About Notcoin

Notcoin is a Web3 gaming project that kicked off on January 1st within the TON ecosystem. Basically, it’s an app inside the Telegram messenger. It grabbed a lot of attention thanks to its coin giveaway. The devs made it so users could mine tokens just by tapping their smartphone screens. Pretty soon, the game’s audience blew up to over 35 million people.

They stopped giving out coins in the app on April 1st, getting ready for the token to hit crypto exchanges. With NOT getting listed on exchanges, anyone who earned coins in the app can swap them for the project’s real token. Plus, the NOT token will be added to the Telegram messenger wallet.

All the big crypto exchanges, like Binance, OKX, and Bybit, have announced they’ll start trading the NOT token from the Notcoin game.

History of Notcoin

Notcoin (NOT) first showed up in November 2023 as a closed beta on Telegram. It started out as a meme coin without any real purpose other than to go viral. Despite the small beginnings and the dev team’s limited experience, Notcoin quickly caught on, pulling in over 650,000 users in just a few weeks.

When it officially launched on January 1st, 2024, it was a huge deal. Over 5 million players jumped in during the first week alone. This crazy growth was helped a lot by the TON Foundation, which gave the project some serious legitimacy and technical support.

How Does Notcoin Work

Notcoin is making waves in the blockchain gaming world, leveraging the power of the TON (Telegram Open Network) blockchain. Known for its impressive transaction throughput and robust security features, TON is the perfect foundation for a project as ambitious as Notcoin.

Notcoin’s technical architecture is designed with user engagement and accessibility in mind. Seamlessly integrated with Telegram, which boasts over 500 million active users, Notcoin taps into a vast potential user base, ensuring widespread adoption and engagement.

How to Play Notcoin

Notcoin is a super simple game, perfect even for people who know nothing about crypto or blockchain. To start earning tokens, just follow these steps:

  1. Open Telegram on your iOS or Android phone.
  2. Activate the bot.
  3. Keep tapping the animated coin icon on your screen. Each tap “mines” NOT cryptocurrency.

You can only click up to 1000 times at first. If you want more clicks, go to the Boosts section and get the Full Energy boost to fully restore your energy. Initially, you get one coin per click, but you can temporarily boost this by buying the Turbo bonus.

There are other boosts you can buy with in-game currency. As of now, you can get four types of boosts:

  • Multitap: Increases tokens per click.
  • Energy Limit: Increases the number of available clicks.
  • Recharging Speed: Speeds up energy recovery.
  • Auto Tap bot: Mines coins automatically while you’re offline.

Each boost has different levels, and each level costs more than the previous one.

In the Earn tab, you can complete simple tasks to get more tokens. These tasks usually involve subscribing to Telegram channels, following social media accounts, or joining TON blockchain products.

The game also has a ranking system with five leagues: Bronze, Silver, Gold, Platinum, and Diamond. The more you click, the higher you rank. You earn coins for reaching new levels in the game.

Now the play-to-earn game is over since all the coins have already been released.

Features of Cryptocurrency

The game has these features:

  • No investment is needed. All users can launch the Notcoin game, including those who are not familiar with cryptocurrencies.
  • Interactive “mining” of coins. Participants “mine” tokens by clicking a button in the Telegram-bot. Boosts and other bonuses are also added, making the process exciting and accessible to a wide audience.

Notcoin (NOT) Tokenomics

Notcoin has a total supply of 102.7 billion NOT tokens. Here’s the breakdown: 78% (around 80.2 billion tokens) goes to early miners and voucher holders, making sure the community holds a big chunk of the tokens. The other 22% is set aside for new users, traders, and future development. This setup is all about creating a decentralized and community-driven ecosystem. Plus, there’s a 1,000:1 conversion ratio, meaning every 1,000 in-game Notcoins turn into 1 NOT token at launch.

FAQ

Balancer (BAL) is an automated market maker protocol designed to create pooled liquidity for multiple tokens in Balancer liquidity pools. It enables trading with low slippage for ERC-20 tokens on Ethereum. Balancer uses smart contracts to create Balancer pools that hold balances of multiple tokens. The protocol balances pools to target equal token weights.

Balancer was founded in 2019 by Fernando Martinelli and Mike McDonald. The Balancer protocol was built to improve automated market makers like Uniswap by allowing pools to hold more than 2 tokens. This helps reduce risk and slippage while improving capital efficiency for liquidity providers.

Balancer pools are based on smart contracts that hold balances of multiple tokens and rebalance to target equal weights. When someone makes a swap on Balancer, the pool adjusts its balances to reach the target weights. Trading fees are charged on swaps and distributed to liquidity providers. Balancer uses an Ethereum token standard called BPool to create customizable pools with features like swap fees.

The Balancer protocol can create automated market makers for any collection of tokens. Key uses include:

  • Providing liquidity for multiple low liquidity tokens
  • Creating index funds with automated rebalancing
  • Reducing exposure risk compared to single asset pools
  • Customizable pools with features like swap fees

The BAL token can be purchased on major exchanges including Coinbase, Binance, and Kraken. Some decentralized exchanges like Uniswap also support swapping ETH for BAL tokens.

As with any cryptocurrency, it’s important to store BAL securely. Non-custodial wallet options like IronWallet allow you to retain control of your private keys while accessing DeFi features. Alternatively, hardware wallets like Ledger provide robust security for long term storage.

Balancer offers key advantages over other automated market makers:

  • Ability to add any number of tokens to a pool
  • Lower slippage for larger trades
  • Capital efficiency benefits for liquidity providers
  • Customizable through features like swap fees

Unlike Bitcoin and Ethereum, the Balancer token cannot be mined. All BAL was created at inception through a token sale. It must be purchased, earned through liquidity mining incentives, or acquired by paying Balancer pool fees.

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