GetBlock Magazine - What happened? The Notcoin project team reported the destruction of 210 million native NOT tokens worth $3 million. They added that “Notcoin tokenomics is now highly community-focused,” and another $4.2 million in NOT tokens will be used to reward gold and platinum users as part of the Notcoin Explore initiative.
Source: X.com
What else is known? Notcoin Explore was introduced last month and allows users to earn coins and other bonuses for completing various tasks on third-party projects.
Any project can contribute NOT tokens to the Explore program pool and invite Notcoin users to complete tasks to earn coins. Among the tasks there are also very simple ones, such as subscribing to project accounts on social networks. By launching this initiative, the Notcoin team attracts users to new interesting projects and helps them with their promotion.
The user's level in the Notcoin game itself affects his capabilities within Explore. Users with higher levels can expect more NOTs as rewards, as well as participation in airdrops and other exclusive offers from participating projects.
And for inviting friends, users will receive a percentage of the rewards they earn through Explore.
By June 9, Explore users had earned $1.5 million through participating in 20 different campaigns.
Source: X.com
In a new appeal, the Notcoin team clarified that 94.18% of the NOT supply is in the hands of 11.5 million users, including traders, miners and stackers. Another 5.82% of the funds have been placed in the treasury; they will be used for the development of the project in the coming years.
“With community members being the main holders, the future looks bright. Thank you all, friends,” concluded the developers.
At the time of writing the news, NOT ranks 67th in the overall ranking of cryptocurrencies by market capitalization with $1.5 billion and is trading at $0.01467, having gained 8.6% per day. The weekly drop was 3.8%.
NOT was originally the in-game currency of the clicker game Notcoin in the Telegram messenger. You could get coins by tapping on the screen. NOT was later released as a cryptocurrency on the blockchain, and on May 16 it was listed on exchanges, allowing players to make real profits.
