Notcoin, the popular Telegram game, burned $3 million worth of NOT tokens in a strategic move to increase scarcity and value.
This initiative aims to reward active users and strengthen the economic environment of the Notcoin community.
To increase the value of the remaining tokens, Not is burning unclaimed tokens and reducing the circulating supply.
Along with the burn, Notcoin will distribute 5 million USD worth of tokens as bonuses to loyal community members, especially those operating at Gold and Platinum levels in Notcoin Explore.
Unconfirmed tokens will be added to the Notcoin treasury to support future projects, highlighting its commitment to strengthening the ecosystem and ensuring long-term viability.
Following these initiatives, 95% of the tokens will be in the hands of the community, with 5% going into the treasury.
Notcoin currently has a market capitalization of $1.65 billion, down 40.6% since June 3. The token price has also fallen 43.4% from its all-time high, currently trading at 0 .01609 USD.
In an exclusive interview, founders Andrew Rogozov from The Open Platform and Sasha Plotvinov shared their vision and the challenges they faced.
Plotvinov emphasized the importance of a sustainable approach, advising others to focus on long-term goals and test thoroughly to avoid future problems.
Notcoin plans to expand its services and increase integration with the TON blockchain. The team's goal is to engage the community with new games and interactive experiences, focusing on innovation and user engagement.
Notcoin's strategic token burning and reward initiatives have differentiated it in the cryptocurrency market. With a strong community and commitment to growth, Notcoin is poised for a promising future with many new opportunities for users.