Dive into Ethdan.me, your personal guide to theEthereum blockchain, featuring expert insights, breaking news, and in-depth analysis from a seasoned developer. Explore DeFi, NFTs, and Web3 today!
Featured Story
- Get link
- X
- Other Apps
Notcoin Token Launch: Key Details and Insights
Notcoin's Token Launch: A Game Changer for Players
As the world of cryptocurrency continues to evolve, Notcoin is poised to make significant waves with its imminent launch on The Open Network (TON). Scheduled for April 20, the same day as the Bitcoin halving, this event is not just another token release; it represents a transformative moment for the millions of players engaged in the viral Telegram-based game.
Key Details of the Token Conversion Process
The Notcoin team has made clear the mechanics behind the conversion of in-game coins to on-chain tokens, a process that could have been fraught with complications given the astronomical figures involved. By moving the decimal point three places to the left, they simplify the transition from trillions of in-game coins to manageable amounts of Notcoin (NOT) tokens.
Conversion Rate Breakdown
Here’s how the conversion works:
- 1,000 in-game coins = 1 Notcoin (NOT)
- 10 million in-game coins = 10,000 Notcoins (NOT)
- 532,487 in-game coins = 532,487 Notcoins (NOT)
This uniform conversion rate ensures fairness across the player base, eliminating concerns about unequal distribution during the transition to blockchain assets.
Notcoin Minting and Distribution
In total, 102,719,221,714 Notcoins will be minted. The allocation is particularly noteworthy:
- 80.2 billion NOT will be distributed to players who mined the in-game currency.
- 22.5 billion NOT, partially funded by player donations to an ecosystem fund, will support token rewards and future development initiatives.
Purging of Suspicious Accounts
In a bid to maintain integrity, Notcoin has announced a proactive stance against suspicious accounts believed to be automated bots. This measure reflects the commitment to creating a fair gaming environment for all players.
Future Gameplay and Economic Models
The developers at Open Builders have revealed exciting plans for the gameplay model, where external projects can purchase NOT tokens on the open market. This will facilitate a system where companies pay to reach Notcoin's impressive player base of 35 million, with a portion of the proceeds allocated to the NOT treasury and another portion permanently removed from circulation. This deflationary approach is designed to gradually decrease the Notcoin supply, enhancing its value over time.
Enhancements and Monthly Experiences
To keep players engaged and returning for more, Notcoin is set to introduce new monthly experiences and fresh meme tokens. This ongoing innovation will ensure that the gaming experience remains dynamic and rewarding.
Market Trends Ahead of Launch
As anticipation builds for the Notcoin token launch, market activity has been notable. Pre-market vouchers for Notcoin have seen a surge in value, with an NFT voucher for 10 million in-game coins rising from around $50 to between \(90 and \)100 in recent weeks. This spike underscores the excitement surrounding the launch and the potential for substantial returns as the game shifts to a blockchain-based economy.
The Notcoin token launch promises to not only revolutionize the way players interact with the game but also set a new standard for tokenomics in gaming. As we approach the launch date, it will be fascinating to observe how this ambitious endeavor unfolds and impacts the broader cryptocurrency landscape.
- Get link
- X
- Other Apps
Trending Stories
The Blockchain and AI Bond: Exploring the Synergy Between Two Revolutionary Technologies
- Get link
- X
- Other Apps
BLUR Token Surges 30% After Season 2 Airdrop and Binance Listing
- Get link
- X
- Other Apps
Unveiling the Journey of Digital Currency Group: A Deep Dive into the Rise and Challenges of a Crypto Behemoth
- Get link
- X
- Other Apps
Revolutionizing Cancer Detection: Hands-On with Ezra's AI-Powered MRI Scanner
- Get link
- X
- Other Apps
AI in the Legal System: Chief Justice Roberts Highlights Potential and Risks
- Get link
- X
- Other Apps
Comments
Post a Comment