Are you aware of a “play–to-earn” game that grants you meme coins for your efforts? 

Notcoin, a Telegram-based game, has recently attracted the attention of the community after confirming that it will be launching its own cryptocurrency in late March or early April. 

Does it mean that an airdrop is coming? Or will the meme coins obtained by playing the game have value in the future? In this article, explore what Notcoin is, how it works, and whether it is a scam. 

Read more: 30+ Potential Crypto Airdrops to Watch Out For in 2024 (Updated Mar. 2024)

Notcoin Overview

Notcoin is a mining game on Telegram where the users need to just tap the logo image to mine and earn tokens. 

From the name itself, it is a “not coin.” This means that the coins mined by players are not cryptocurrencies, they are just in-game tokens that are not minted on-chain. 

The project was first introduced in November 2023 by Open Builders, who admitted that they have little to no experience in developing and managing large-scale projects. 

The team also marketed Notcoin as a meme coin game, emphasizing that the game should be treated as a typical meme that really has no value. In fact, Notcoin presents itself as probably a no-value asset. 

But despite its “probably nothing” tagline, around 650,000 players enjoyed its closed beta version. This led to the attention of the TON Foundation, the entity designed to support projects under the ecosystem of The Open Network (TON), a layer-1 proof-of-stake blockchain. TON is also known for being a partner of Telegram. 

Read: Telegram Token – Toncoin Philippines – Guide and Usecases

Attracting the TON Foundation is not a small thing, it is a big deal. This could be the reason why Notcoin is currently hyped by the community and has attracted over five million players since its public launch on January 1, 2024. 

How to Mine Notcoin

Notcoin is free to play and is open to everyone. It cannot be played on desktop though, only on Telegram mobile. 

• Step 1: Go to https://t.me/notcoin_bot. 
• Step 2: Choose the “Start” button. 
• Step 3: Choose the “Let’s Go” button. 
• Step 4: Mine Notcoin tokens. Just tap the Notcoin logo. Up to 1,000 tokens can be mined daily. 
• Step 5: Join squads or refer new users to earn boosters and bonuses. 

Notcoin Potential Airdrop

As of this writing, Notcoin is still not an on-chain asset—it cannot be called a cryptocurrency yet. 

But Open Builders’ initial plan is to turn Notcoin into a cryptocurrency by launching it on the TON blockchain. 

This means that when Notcoin becomes a crypto, those who have mined it since January could turn their Notcoins into tokens with monetary value. 

But it should be noted that ‌developers also warned that being inactive would not guarantee airdrop rewards to participants. In fact, Notcoins mined by participants in January who became inactive in February have been burned. 

Oh yes, we start burning Notcoins of inactive accounts (the last 30 days). Daily.

So for those who didn’t open Notcoin in February…
tick-tap tick-tap

— Notcoin Ø (@thenotcoin) March 1, 2024

“We don’t want to mint Notcoins to people who are not contributing their time to it, especially those fake referral accounts who received the bonus but never actually played the game. Burning of unused accounts is specifically to encourage greater engagement with Notcoin. You snooze, you lose. It’s a living community, and it isn’t a space for hoarders,” the team said in an interview. 

To boost rewards for the potential airdrop, participants are advised to: 

• Actively play and mine to get to the Silver League as much as possible. The higher the league, the greater the bonuses could be. 
• Do the tasks and quests to secure more rewards, including:
  • Joining squads. 
  • Connecting a TON wallet. 
  • Joining Notcoin communities on Telegram. 
• Consistently, as in daily, play y the game. 

“It’s basically an experiment on how to distribute coins in a fair manner to a huge amount of people. The idea is actually to make sure that there are no huge gaps between those who are making more Notcoin and less Notcoin. We want to be a bit fair, and incentivize those users who really contribute to Notcoin,” the team highlighted. 

This article is published on BitPinas: What is Notcoin: Airdrop Going to Happen in Late March or Early April?

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