The clicker game Notcoin experienced a sharp decline of 15% today, reflecting a wider market downturn. Adding to the turmoil, its promised new direction has left the community uncertain about the project’s future.
Recently, a vague message in the Telegram chat hinted at a “new beginning” for Notcoin, suggesting a potential collaboration with The Open Network (TON) NFT project, Lost Dogs. On Wednesday, a cryptic social media post introduced a new storyline for the popular Telegram game, featuring a dog emerging from a Notcoin. Instead of generating excitement, this narrative has left many followers puzzled about the project’s trajectory.
NOT down
In the Lost Dogs Telegram chat, reactions ranged from confusion to disappointment. “What will happen to Notcoin?” one user asked. “Not interesting, bro,” another commented. “Notcoin is dead,” lamented a frustrated investor.
Over the past week, Notcoin has plummeted 31%, now trading at $0.016 NOT/USDT on Gate.io. This drop mirrors a broader crypto market slump, with Bitcoin down 10%, Ethereum falling 15%, and the GameFi sector, as tracked by CoinGecko, declining by 23%.
Amid this new phase, Notcoin unveiled its “Explore” platform, designed to help users discover new projects through its Telegram app.
For players, Explore offers rewards of up to $0.20 for engaging with new Telegram games. For developers, the platform provides exposure to over 40 million users, though participation requires a minimum investment of $20,000 in Notcoin tokens to support the rewards pool.
Additionally, Notcoin announced a Telegram Gaming Accelerator in collaboration with gaming solutions provider Helika. This initiative aims to support game developers in creating the next generation of Telegram-based mini apps.
Applications for the first cohort will open next week, according to the announcement. Despite these updates, Notcoin continues to struggle, ranking as the fourth largest loser this week among the top 100 cryptocurrencies, trailing just behind Pepe, Lido DAO, and Core.
Looking under the hood
Notcoin is a unique token associated with a clicker game that operates primarily on the Telegram messaging platform. Designed to capitalize on the popularity of simple, addictive gameplay mechanics, Notcoin allows users to engage in a game where they can earn, trade, and utilize tokens within the Telegram ecosystem. The game leverages the simplicity and accessibility of Telegram to reach a wide audience, encouraging users to participate in various in-game activities to accumulate Notcoin tokens.
The project differentiates itself by integrating elements of decentralized finance (DeFi) and non-fungible tokens (NFTs), aiming to merge gaming with the evolving landscape of blockchain technology. Players can earn Notcoin by participating in the game, and these tokens can be used for various purposes within the game’s ecosystem or traded on external cryptocurrency exchanges. This blend of gaming and financial incentives is designed to create a vibrant and engaged community, driving both the game’s popularity and the token’s value.
Notcoin’s ecosystem also includes initiatives like the “Explore” platform, which introduces players to new Telegram games and offers rewards for their participation. This platform not only incentivizes players but also provides game developers with a significant user base to showcase their projects. Additionally, the Notcoin project has launched a Telegram Gaming Accelerator in partnership with Helika, aimed at nurturing the development of new Telegram-based mini apps. Through these efforts, Notcoin seeks to establish itself as a pioneering force in the GameFi sector, leveraging the unique capabilities of the Telegram platform to build a robust and dynamic gaming community.
What other projects are on Telegram?
There are several projects on Telegram that blend gaming with blockchain technology and decentralized finance (DeFi). While Notcoin is notable, here are a few other similar projects leveraging Telegram’s platform:
CryptoBots:
CryptoBots is a blockchain-based game that can be played directly through Telegram. Players collect, breed, and battle robots, each represented as an NFT. The game integrates with the Ethereum blockchain, allowing players to trade their robots in an open marketplace.
Etheremon:
Etheremon combines blockchain technology with a virtual pet game where players can catch, train, and trade monsters, known as Mons. The game integrates with Telegram, offering a simplified interface for players to engage with their Mons and participate in battles.
TokenBot:
TokenBot isn’t a game but rather a trading assistant that integrates with Telegram. It allows users to automate cryptocurrency trading strategies directly from their Telegram account, blending social aspects with finance. This type of service shows the potential for merging blockchain functionalities with Telegram’s user base.
Crypto Quest:
Crypto Quest is a text-based RPG game played on Telegram. Players embark on quests, fight monsters, and collect loot, which can include various cryptocurrency tokens. The game integrates blockchain elements by allowing players to earn and trade these tokens.
Telegram Treasure Hunt:
This is a community-driven game where users can participate in treasure hunts directly on Telegram. Clues and puzzles are shared in the chat, and participants can earn cryptocurrency rewards for solving them. The game leverages the social nature of Telegram to create an engaging and interactive experience.
These projects illustrate the potential of Telegram as a platform for integrating gaming with blockchain technology, providing users with new ways to engage and earn through their participation.It is basically becoming WeChat, but on this side of the fence.