Telegram game Notcoin burned $3 million in tokens

Telegram Notcoin, the leading developer of Telegram Notcoin, has recently burned $3 million worth of worthless tokens to capitalize on its scarcity and increase its value.

This strategic move is part of a larger effort to reward active users and maintain a strong economic environment in the Notcoin community.

Token Burning and Rewards: A Strategy for Notcoin's Future Growth

The Notcoin team plans to drastically reduce the number of tokens in circulation by burning unclaimed ones. This move aims to increase the scarcity and potential value of the remaining tokens.

In addition to the token burn, NotCoin has announced a series of rewarding initiatives. Notcoin worth $5 million will be distributed as a bonus to the most loyal members of the community, especially those who are active on Notcoin Explore with gold and platinum status.

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The remaining unclaimed tokens will be added to the Notcoin treasury to support future development projects. This strategic allocation underscores NotCoin's commitment to improving the ecosystem and ensuring the platform's long-term viability. After these initiatives, Notcoin's total tokens reflect 95% in community hands and 5% in Notcoin's treasury.

At the time of writing, NotCoin boasts a market capitalization of $1.65 billion. Although high, this figure is down about 40.6% from June 3. The price performance is similarly sentimental, down 43.4% from an all-time high of $0.02836. It is currently trading at $0.01609.

The challenges and triumphs of building a successful Telegram mini-app

Notecoin has had a huge impact on the crypto industry since its launch in January as a Telegram mini-app. Developed by Open Builders and led by CEO Sasha Plovinov, Notcoin quickly became a sensation in the gaming community, attracting more than 35 million players and 6.5 million daily active users. This impressive growth can be attributed to its revenue model, which has seen users use it more than 8.8 trillion times.

In an exclusive interview, the founders share insights into the project's journey and vision for the future. Andrew Rogozov from The Open Platform and Sasha Platvinov discuss the challenges and strategies that have shaped Notcoin's rapid growth and their plans to expand the platform.

Plovinov explained that building a viral object on Telegram may seem easy, but ensuring its sustainability, fairness and transparency is the main challenge. He pointed out that only sustainable projects that fulfill their promises will prosper.

“My advice is to focus on your efforts and long-term vision, not just on the viral aspect. Your plans should prioritize sustainability. Check your ideas thoroughly and resolve any doubts or uncertainties beforehand. Avoid creating future problems for yourself by being proactive and adaptive from the beginning,” says Plovinov. He said.

Looking ahead, NotCoin aims to expand its services and enhance its integration with the TON blockchain. It plans to further engage the community with additional games and interactive experiences.

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This focus on innovation, community involvement, and user engagement sets NoteCoin apart in the crypto market, positioning it for continued growth. Backed by an active community and a strong ecosystem, NotCoin has a promising future with new opportunities for users.