Notcoin, a popular Telegram game, burned $3 million worth of NOT tokens as part of a strategic move to increase scarcity and value. This initiative aims to reward active users and strengthen the economic environment of the Notcoin community.
To increase the value of remaining tokens, Notcoin burns unclaimed tokens and reduces their supply. In addition to the burn, Notcoin will be distributing $5 million worth of tokens as bonuses to loyal community members, especially those active at the Gold and Platinum levels of Notcoin Explore.
Unclaimed tokens will be added to Notcoin's treasury to support future projects, highlighting Notcoin's commitment to improving its ecosystem and ensuring long-term viability. After these initiatives, 95% of the tokens will go into the hands of the community, and 5% will go to the treasury.
Notcoin's market capitalization is currently $1.65 billion, down 40.6% since June 3. The token price has also fallen 43.4% from its all-time high and is now trading at $0.01609.
In an exclusive interview, founders Andrey Rogozov from Open Platform and Sasha Plotvinov shared their vision and the challenges they faced. Plotvinov emphasized the importance of a sustainable approach, advising others to focus on long-term goals and thorough testing to avoid problems in the future.
Notcoin plans to expand its services and deepen integration with the TON blockchain. The team is committed to engaging the community with new games and interactive experiences, with a focus on innovation and user engagement.
Notcoin's strategic token burning and reward initiatives make it stand out in the cryptocurrency market. With a strong community and commitment to growth, Notcoin is poised for a promising future filled with new opportunities for its users.
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