Catizen, a popular game, recently started using Notcoin for payments and made headlines by burning a large amount of its Notcoin earnings. In just three days, Catizen earned 50 million Notcoin and decided to burn 10% of it, removing 5 million Notcoin from circulation.
This move is a big deal for Notcoin, showing confidence in the cryptocurrency’s future value. By reducing the number of Notcoins in circulation, the burn can help lower selling pressure and stabilize the market, making it more attractive for growth.
Catizen's action sets a strong example, and it raises the question of which other players in the Notcoin ecosystem might follow. As more companies and users show their support for Notcoin by burning some of their holdings, the cryptocurrency's chances for continued growth and wider adoption look more promising.
