Last week, a significant development took place in the cryptocurrency market as Notcoin rolled out a new feature named “earning tasks.” This functionality allows users to earn passive rewards in the form of NOT tokens by completing various tasks. This innovation led to a notable surge in the value of the NOT token and a remarkable improvement in market performance.
How Did the NOT Token Value Soar?
Following the activation of the earning tasks feature, the value of NOT tokens skyrocketed by 50%. Currently, NOT is trading at $0.009820, reflecting a 52% increase from the previous day and a 76.3% rise from the previous week. The market capitalization of NOT reached approximately $1 billion, ranking it among the top 100 assets by market value. Additionally, the 24-hour trading volume for the token surged to $1.4 billion, a 327% increase from the previous day.
What Makes Notcoin’s Game Unique?
Notcoin offers a distinctive Telegram-based “social clicking” game, where users can earn NOT tokens, the in-game currency, by clicking on a golden token displayed on their screens. Players can earn additional rewards by completing tasks and utilizing various “supports.” The game has gained substantial popularity, partly due to a recent airdrop of NOT tokens on The Open Network (TON), allowing players to claim NOT tokens based on their in-game token collections. This marked one of the largest game token launches of 2024.
Key Insights and Future Prospects
- The earning tasks feature has significantly boosted the value and trading volume of NOT tokens.
- Approximately 35 million players were eligible to claim NOT tokens from the recent airdrop.
- Players can enhance their passive rewards by joining the communities of joint projects and staking their NOT tokens.
- Sasha Plotvinov, founder of Open Builders, envisions Notcoin as a future launchpad for other developers to create crypto-focused social games.
Results from the airdrop were impressive, with around 35 million players eligible to claim NOT tokens from their in-game activities. The launch of the “earning tasks” provided players with a new method of earning passive rewards, adding to the game’s appeal. These tasks involve players joining communities of joint projects and staking their NOT tokens, allocated based on the player’s in-game level. Sasha Plotvinov, the founder of Open Builders, aims to transform Notcoin into the “Netflix of social, viral games.” He envisions the platform as a launchpad for other developers to create their crypto-focused social games, broadening the ecosystem and increasing user engagement.