Notcoin’s deliberate token launch on The Open Community (TON) is simply over every week away, and the workforce behind the viral Telegram-based recreation has shared some key particulars about how gamers’ earned in-game cash can be transformed to on-chain tokens.
Gamers racked up trillions upon trillions of in-game cash by tapping their cellphone screens, however that vast tally was certain to make buying and selling crypto tokens a little bit of a headache. The Notcoin workforce had beforehand mentioned that it deliberate to knock off some zeros throughout the conversion course of to make issues extra manageable as soon as minted, and now we all know how that’s going to work.
Notcoin plans to maneuver the decimal level to the left by three numbers. So in the event you mined 1,000 in-game cash, then you definately’ll get a single Notcoin. Mined 10 million cash? If that’s the case, then you definately’ll get 10,000 of the on-chain tokens. And in the event you mined 532,487 cash, then you definately’ll get 532.487 NOT.
In different phrases, the conversion price is 1,000 in-game cash to a single NOT crypto token. That’s true for everybody, so gamers aren’t getting “fewer” cash through this course of—it’s simply the conversion price that’s been chosen to deliver gamers’ earnings on-chain.
3.4 What’s subsequent
so much 🙂 pic.twitter.com/pl4994L3KC
— Notcoin Ø (@thenotcoin) April 11, 2024
In line with the workforce, there can be 102,719,221,714 NOT minted in complete. Of that, about 80.2 billion NOT will go to gamers/miners, whereas 22.5 billion NOT—which was at the least partially donated by gamers to an ecosystem fund—can be used to pay out token rewards within the recreation after the mint, in addition to to fund future improvement and different initiatives.
Notcoin additionally mentioned it’s purging suspicious accounts that it believes are automated bots that used scripts to control the sport.
Moreover, developer Open Builders detailed the future gameplay mannequin during which exterior initiatives should purchase NOT tokens from the open market and pay it into the sport, thus rewarding gamers with crypto rewards for interacting with their content material. Decrypt’s GG first reported particulars of the deliberate shift final week.
It’s an evolution of what’s already been within the recreation, with gamers incomes in-game cash for following Telegram channels or Twitter accounts or visiting undertaking web sites.
However sooner or later, these firms can pay for the fitting to be uncovered to Notcoin’s 35 million gamers, with a portion of that cost additionally put into the NOT treasury—and one other portion burned without end, regularly slicing the general Notcoin provide alongside the best way.
Notcoin can also be planning new month-to-month “experiences” to shake up the gameplay, maintain gamers checking again, and deploy recent meme tokens alongside the best way.
The Notcoin token launch is at present deliberate to happen on or round April 20—the identical anticipated date because the Bitcoin halving.
Pre-market vouchers for Notcoin have roughly doubled in value over the past couple weeks, with an NFT voucher for 10 million in-game cash (or 10,000 TON tokens) rising from a value of about $50 value of Toncoin (TON) to about $90 to $100 value as of Thursday.