Thomas Daniels
Notcoin (NOT), a play-to-earn clicker gaming application on Telegram, has surged over 10% following the announcement of a significant token burn and a multi-million dollar incentive plan for users.
As of now, NOT is trading at $0.01572, with a 22% increase in daily trading volume, reaching $470 million. The token’s market cap has also risen by 10%, hitting $1.6 billion, positioning it as the 56th largest crypto asset according to CoinMarketCap data. The recent surge comes on the heels of a June 25 announcement on X (formerly Twitter), where Notcoin’s team disclosed the burning of $3 million worth of NOT tokens and outlined a $4.2 million incentive plan targeting Gold and Platinum users of the Notcoin Explore platform.
The token burn forms a critical component of Notcoin’s comprehensive strategy aimed at enhancing tokenomics and delivering value to its users. By reducing the total supply, Notcoin aims to create scarcity, potentially boosting the token’s value and appeal. Another driving factor behind Notcoin’s recent uptick is the June 26 announcement of a $2.5 billion airdrop to the Notcoin community, which is projected to surpass combined airdrops from ZkSync and LayerZero.
The Notcoin team highlighted that the total value of the airdrop at its peak was $2.5 billion, dwarfing the $954 million for ZkSync and $323 million for LayerZero.
Notcoin Soars Amid Tap2Earn Boom
Notcoin’s recent price surge aligns with a broader trend in the “Tap2Earn” sector, which includes popular tokens like Hamster Kombat and Yescoin. Notcoin’s first-mover advantage in the Telegram ecosystem, combined with the growth of The Open Network (TON) and Telegram’s 900 million user base, has significantly bolstered its growth and interest.
Metrics such as TON’s daily active addresses have seen substantial growth over the past three months, suggesting a promising trajectory for Notcoin as it seeks to expand beyond the Tap2Earn model.
