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‘Notcoin’ Token Will not Drop Alongside Bitcoin Halving—Here is Why

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The on-chain token mint for the viral Telegram-based recreation Notcoin was initially anticipated to happen on or across the identical date because the Bitcoin halving, however that’s now not the case.

Notcoin representatives confirmed to Decrypt’s GG that the token launch, which can happen on The Open Community (TON), will now not happen on April 20, the anticipated date when the Bitcoin halving will happen within the UTC time zone.

The Bitcoin halving is the quadrennial occasion during which the quantity of BTC earned by miners is lower in half, thus slowing the expansion of the token provide. It is sometimes related to a considerable worth bounce following the occasion, although the influence is usually felt months after the halving happens.

The mission revealed the information by way of a Telegram group livestream earlier this week and has tweeted memes since suggesting that the brand new ETA is solely “quickly.” A Notcoin consultant advised Decrypt’s GG this week that the token launch is “barely delayed because the crew works to line every part up.”

Anytime quickly pic.twitter.com/9vsi2RCHZK

— Notcoin Ø (@thenotcoin) April 17, 2024

Notcoin is a Telegram-based clicker recreation during which gamers faucet a gleaming picture of a coin to earn in-game cash. Greater than 35 million Telegram customers did simply that forward of April 1, when developer Open Builders ended the “mining part” of the sport forward of the upcoming token launch when the in-game cash shall be transformed to NOT tokens.

Final week, Notcoin revealed the conversion charge for the on-chain token, which shall be at a charge of 1,000 to 1. In different phrases, should you mined 1 million in-game cash in Notcoin, you then’ll be capable to declare 1,000 NOT tokens on The Open Community as soon as the launch takes place.

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After the token launch, Notcoin will return with a brand new mannequin funded by tasks that wish to achieve publicity to the sport’s sizable viewers of gamers. Initiatives will be capable to successfully promote within the recreation, incentivizing gamers to work together with their content material by rewarding them with NOT tokens. Such tasks might want to purchase the tokens on the open market to take part.

The Open Community’s native token, Toncoin (TON), has seen a substantial rise in worth in current months amid Notcoin’s viral buzz and different rising community exercise. It has practically tripled in worth during the last three months to a present mark of $6.14, per knowledge from CoinGecko, and hit an all-time excessive worth of $7.63 final week.

Edited by Ryan Ozawa.

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