Here’s How Many ‘Notcoin’ Tokens You’ll Get for Your In-Game Coins
The upcoming token launch of Notcoin on The Open Network (TON) is less than two weeks away, and the Notcoin team has revealed some important information about the conversion of in-game coins to on-chain tokens.
Players accumulated an enormous amount of in-game coins by tapping their phone screens, but this large number posed a challenge when it came to trading crypto tokens. To address this issue, the Notcoin team had previously mentioned that they would reduce the number of zeros during the conversion process. Now, the details of how this conversion will take place have been shared.
Notcoin intends to move the decimal point three numbers to the left. For example, if you mined 1,000 in-game coins, you will receive one Notcoin. If you mined 10 million coins, you will get 10,000 of the on-chain tokens. And if you mined 532,487 coins, you will receive 532.487 NOT.
In simpler terms, the conversion rate is 1,000 in-game coins to a single NOT crypto token. This rate applies to everyone, so players will not receive fewer coins through this process. It is merely the chosen conversion rate to bring players’ earnings onto the blockchain.
According to the team, a total of 102,719,221,714 NOT tokens will be minted. Out of this amount, about 80.2 billion NOT will go to players and miners, while 22.5 billion NOT, which includes donations from players to an ecosystem fund, will be used for token rewards in the game and to support future development and initiatives.
Notcoin has also taken measures to remove suspicious accounts believed to be automated bots that manipulated the game through scripts.
Additionally, Open Builders, the developer of Notcoin, has outlined the future gameplay model. External projects will have the opportunity to purchase NOT tokens from the open market and allocate them to the game. In return, players will be rewarded with crypto rewards for engaging with the content of these external projects. This model builds on the existing gameplay, where players already earn in-game coins for activities such as following Telegram channels, Twitter accounts, or visiting project websites.
These companies paying for exposure to Notcoin’s 35 million players will contribute a portion of their payment to the NOT treasury, with another portion being burned permanently, gradually reducing the overall supply of Notcoin.
Notcoin also plans to introduce new monthly experiences to enhance gameplay, encourage player engagement, and introduce fresh meme tokens along the way.
The Notcoin token launch is scheduled for around April 20, coinciding with the anticipated Bitcoin halving event.
Pre-market vouchers for Notcoin have experienced a significant increase in price over the past few weeks. An NFT voucher for 10 million in-game coins (or 10,000 TON tokens) has doubled in value, rising from around $50 worth of Toncoin (TON) to approximately $90 to $100 as of Thursday.