Notcoin

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Discover Notcoin's fundamentals and latest news.

This content was generated by Whalee (BETA), an AI crypto assitant that analyses cryptocurrencies. Informations can be incomplete and/or erroneous. Please always double check and DYOR.

What is Notcoin?

Notcoin (NOT) is a virtual cryptocurrency used in a Tap-to-Earn game on the Telegram platform. Players earn Notcoins by tapping a button on the screen and can upgrade their earning potential through in-game enhancements. The game operates on the TON (Telegram Open Network) blockchain, known for its high transaction throughput and security features. Notcoin aims to integrate gaming with cryptocurrency, providing users with an engaging way to earn digital assets.

How is Notcoin used?

Notcoin (NOT) is primarily used in a Telegram-based game where players earn tokens by tapping a virtual coin and completing in-game tasks. This play-to-earn mechanism allows users to engage with the game and earn digital assets. The game also includes features such as boosters to increase mining output and the ability to form squads with other players, enhancing social interaction and community engagement.

How do I store Notcoin?

To store Notcoin (NOT) tokens safely, follow these steps:

  1. Choose a Wallet: Select a wallet that supports NOT tokens. You can use a hardware wallet, a mobile wallet, or a paper wallet. Hardware wallets are the most secure option, while mobile wallets offer convenience and ease of use. Paper wallets are a less common method but can be practical for offline storage.

  2. Set Up the Wallet: Follow the setup instructions for your chosen wallet. For hardware wallets, this typically involves connecting the device to your computer and following the manufacturer's instructions. For mobile wallets, download the app and create an account. For paper wallets, access a paper wallet generator site and generate the necessary credentials.

  3. Generate an Address: Once your wallet is set up, generate an address for your NOT tokens. This address will be used to receive and store your tokens.

  1. Transfer Tokens: Transfer your NOT tokens to the generated address. Make sure to use the correct address and follow the transfer instructions for your wallet.

  2. Secure Your Wallet: Keep your wallet secure by storing the recovery phrases and private keys safely. For hardware wallets, store the recovery phrases in a secure location. For mobile wallets, use strong passwords and two-factor authentication. For paper wallets, keep the printed wallet in a secure location, away from potentially damaging elements.

  3. Backup Your Wallet: Create backups for your wallet to ensure you can recover your tokens in case of loss or damage.

  1. Monitor and Update: Regularly monitor your wallet for updates and security patches to ensure your tokens remain secure.

By following these steps, you can safely store your Notcoin (NOT) tokens and protect your investment.

How to buy Notcoin?

To buy Notcoin (NOT) tokens, you can follow these steps:

  1. Peer-to-Peer Exchanges:

    • Use peer-to-peer exchanges like Bisq, RoboSats, Hodl Hodl, AgoraDesk, or LocalCoinSwap, which do not require KYC (Know Your Customer) verification. These platforms allow you to buy NOT tokens directly from other users without providing personal information.
  2. On-Ramp/Off-Ramp Solutions:

    • Utilize on-ramp or off-ramp solutions integrated into self-custodial wallets like Exodus, Ledger, or Trezor. These wallets offer various payment methods, such as bank transfers, debit/credit cards, or Apple Pay, to buy or sell cryptocurrencies like NOT tokens.
  3. Anonymity:

  • If you prefer to maintain anonymity, consider using platforms like Margex, which allows you to buy cryptocurrencies anonymously with low trading fees.
  1. Indirect Investment:

    • Alternatively, you can invest in companies involved in blockchain technology or those that hold cryptocurrencies on their balance sheets. This indirect approach can provide exposure to the crypto market without directly buying NOT tokens.
  2. BitPay:

    • BitPay allows you to buy cryptocurrencies instantly using credit cards, debit cards, Apple Pay, or Google Pay. You can store your NOT tokens securely in a self-custodial wallet.

Remember to research each option thoroughly and consider the fees, risks, and regulatory implications involved in buying NOT tokens.

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History of Notcoin

Notcoin (NOT) is a virtual coin used in a Tap-to-Earn game where players earn Notcoins by tapping a button on the screen after launching the game. The game was initially marketed as a meme coin with no clear purpose beyond being a viral sensation but quickly gained traction, attracting over 650,000 users within a few weeks of its closed beta introduction in November 2023 on Telegram.

The official launch of Notcoin took place on January 1, 2024, and it saw significant growth, with over 5 million players joining in the first week alone. This rapid growth was bolstered by the support of the TON Foundation, which added legitimacy and technical backing to the project.

Notcoin operates on the TON (Telegram Open Network) blockchain, known for its high transaction throughput and security features. The game's technical design emphasizes user engagement and ease of access, leveraging Telegram's large user base. Players earn Notcoin cryptocurrency by repeatedly clicking on an animated coin in the Telegram chat, with the potential to upgrade their earning potential through in-game enhancements.

Notcoin has a total supply of approximately 102.7 billion tokens, all of which are currently in circulation. The project has introduced features like Notcoin Explore, which allows users to explore new Web3 products and earn NOT in the process. The team has also stated that they will begin burning tokens from the total supply once the project goes live on-chain.

Notcoin's market capitalization reached $22 billion in less than six months since its launch, marking its phenomenal success. The game's focus on security and privacy, with advanced encryption techniques to protect user data and transactions, has contributed to its popularity among those who value anonymity and security.

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How Notcoin works

Notcoin (NOT) does not exist as a real cryptocurrency. The sources provided discuss Bitcoin and its limitations, but there is no mention of Notcoin.

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Notcoin's strengths

Notcoin (NOT) has several strengths that contribute to its popularity and potential for growth:

  1. Viral Telegram-Based Tap-to-Earn Game: Notcoin is a viral clicker game inside the Telegram messaging app, allowing users to earn tokens that can be converted into cryptocurrency. This unique approach has attracted millions of users, making it a significant player in the GameFi space.

  2. Decentralized and Secure: Notcoin is built on a robust blockchain platform, ensuring security, transparency, and scalability. Its architecture is designed to handle high volumes of microtransactions efficiently and cheaply, making it suitable for everyday online transactions.

  3. Fixed Total Supply: The fixed total supply of NOT tokens prevents inflation and encourages stability. Mechanisms for token burn and periodic distribution checks help maintain the token's value over time, making it attractive as a utility token.

  1. Practical Utility: Notcoin has a wide range of practical uses, including subscription to services, unlocking premium content, participating in special events, and governance through voting on platform development decisions.

  2. Market Performance: Notcoin has shown significant market performance, with a market capitalization of $2010501547.87 and a current price of $0.0195762542409. It has experienced a 12.08% increase over the past 24 hours and sits at number #51 on CoinMarketCap.

  3. Real-World Value: The ability to trade NOT tokens on major exchanges gives the token real-world value, enabling players to convert their in-game efforts into tangible financial benefits.

These strengths have contributed to Notcoin's rapid growth and popularity, making it an attractive option for those interested in GameFi and cryptocurrency.

Notcoin's risks

Notcoin (NOT) carries significant risks due to its high volatility and speculative nature. Several factors, such as market performance and changes in the blockchain system, influence its price fluctuations, making it uncertain and unpredictable. Additionally, the token's future is subject to various risks, including potential losses, which should be carefully considered before investing.

Moreover, Notcoin is not backed by a government or central bank, and its value is not guaranteed. It operates on a blockchain system, which, while secure, can be vulnerable to hacking and other security breaches. The token's value can also be affected by the performance of the TON ecosystem and the broader cryptocurrency market.

Another risk associated with Notcoin is the potential for exchange failures. If an exchange holding Notcoin fails, customers may lose their funds, as they are considered unsecured creditors in the event of bankruptcy. This risk is often overlooked by investors, who may not fully understand the legal implications of holding cryptocurrencies on exchanges.

Furthermore, Notcoin, like other cryptocurrencies, lacks legal protections, and transactions are typically irreversible. This means that if something goes wrong with a purchase, there is no process to dispute or recover funds. Additionally, transaction information is publicly recorded on a blockchain, which can potentially be used to identify individuals involved in transactions.

Lastly, the cryptocurrency market is known for its speculative nature, and investments in Notcoin or other digital assets carry inherent risks. It is essential for investors to thoroughly research and understand these risks before making investment decisions.

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Did Notcoin raise funds?

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Notcoin’s team

  • Alexandr Plotvinov: Co-founder of Notcoin and the team behind the viral clicker game on Telegram.

Whalee AI

The fundamental analysis assistant for crypto value investors.

Notcoin NEWS REPORT

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