What is Notcoin?

Notcoin is a crypto project that started as a simple tapping game inside Telegram and later turned its points into a token called NOT on The Open Network. More than 35 million people took part, according to the team.

How did the Notcoin Telegram game work?

Notcoin launched as a Telegram Mini App in January 2024, The Block reported. Players "mined" by tapping a Notcoin icon on the screen, and they could earn extra through in-game challenges. Because it ran inside Telegram, there was no separate app to install. Our guide to why Telegram is popular in crypto covers that wider trend.

The mining phase ran until April 1, 2024. After that, no new in-game coins could be earned toward the token conversion.

What is the NOT token?

NOT is the Notcoin crypto token. It went live on TON on May 16, 2024, when it also opened for trading on several large exchanges, including Binance, OKX and Bybit, Decrypt reported. The Block put the total supply at 102,719,221,714 NOT.

In-game coins converted at 1,000 to 1, so 100,000 coins became 100 NOT. Players claimed inside the app and could send tokens to a supported exchange account or stake them for 30 days, with self-custody withdrawals opening after listing. CoinDesk reported that 3 percent of supply went to Binance Launchpool users and 1.5 percent to OKX Jumpstart users.

How much of Notcoin went to players?

About 80.2 billion NOT, or 78 percent of supply, went to the community. Roughly 72.3 billion went to miners and about 8 billion to holders of Notcoin vouchers, The Block reported. Vouchers were NFTs that players minted from their in-game balance. Nearly 800,000 were minted, and they could be converted to NOT at the same 1,000 to 1 rate. The remaining 22 percent was kept for new users, traders and future development.

The game was built by Open Builders, whose co-founder Sasha Plotvinov spoke for the project at launch. Our guide to crypto airdrops explains how distributions like this generally work.

Is Notcoin the same as Toncoin?

No. Toncoin is the native coin of the TON blockchain itself, while NOT is a separate token issued on that blockchain by the Notcoin project, much as many tokens are issued on Ethereum. Holding NOT does not give you Toncoin, and the two have separate supplies and teams.