Regulation
Notcoin surges 15% as TON hits new high
The Notcoin token saw a significant rise in value, jumping over 15% on Friday to breach the $0.20 mark, defying the downward trend it had been experiencing since reaching a previous high of 0.028 $ on June 2.
This surge coincided with a notable rise in the TON blockchain, on which Notcoin operates, as TON itself eclipsed its former high, momentarily surpassing $8.00. This is a first since the introduction of the coin.
Integration with Telegram games
The TON blockchain and its associated token, NOT, gained attention following their integration with the Telegram-based tap-to-win game, which quickly gained popularity among users.
This game, along with similar “x to win” games on the Telegram platform like Hamster Kombat and Yescoin, have reportedly attracted tens of millions of players worldwide. However, the exact figures could be distorted by the activities of robots, suspected of inflating the number of participations.
Notcoin’s rise is further supported by the user-friendly processes of registering, acquiring a wallet and engaging in games, which are said to have significantly boosted the activity and statistics of the TON blockchain.
Reports suggest that the TON blockchain has seen daily active wallets surpass those of Ethereum, although these figures exclude layer 2s and may not reflect the true number of unique users.
Notcoin on June 14. Source: TradingView
According to Tonstat analytics, the number of daily active wallets has exceeded 547,000, showing a clear upward trend.
Information from Delphi Digital indicates that TON’s growth is quietly fueled by Telegram’s vast user base of 900 million, which pushes daily active addresses above those of the Ethereum network.
Autonomous nature and decentralized philosophy
The Notcoin team recently highlighted the autonomous nature of Notcoin, emphasizing that it has no central ownership and no possibility of increasing supply, drawing parallels with Bitcoin in terms of its decentralized philosophy.
They also projected that TON is poised to become the dominant blockchainhoping to soon significantly outperform its competitors.
The ambitions of the project do not stop there; Notcoin aims to onboard the next 300 million users into the Web3 space through a combination of community engagement, educational initiatives and gaming.
The Notcoin team maintains that its approach to introducing Web3 to users will be carried out with a distinctive flair and style, defining these goals not as promises but as logical outcomes based on the project’s trajectory.
As of June 9, Notcoin reported having 40 million activated users, a figure derived from its internal database rather than web analytics tools, which often inflate user counts by multiplying them by the number of sessions.
Origins and ecosystem of Notcoin
Notcoin started as a social clicking game on Telegram, where players would mine a virtual gold coin to earn in-game currency.
The NOT token is at the heart of the Notcoin ecosystem, designed to empower users by integrating them into the development of the project.
Participants do NOT earn tokens by engaging in new games and exploring Web3 projects, thus fostering a community platform where users have a stake in shaping its future. This model promotes equitable distribution of resources and empowerment within the Notcoin community.
Notcoin’s recent rise in value reflects the broader growth and increasing activity within the TON blockchain.
With its decentralized structure, strong community engagement, and strategic use of Telegram’s large user base, Notcoin is poised to play an important role in the expansion of the Web3 ecosystem.
The combination of innovative games, seamless user onboarding, and educational efforts positions Notcoin as an up-and-coming player in the blockchain space.