Notcoin Burns $3 Million in Tokens to Increase Scarcity and Boost Value
Notcoin, the popular Telegram game, has strategically burned $3 million worth of NOT tokens to enhance scarcity and value. This initiative is designed to reward active users and strengthen the Notcoin community's economic environment.
To increase the value of the remaining tokens, Notcoin is reducing the circulating supply by burning unclaimed tokens. Additionally, $5 million worth of tokens will be distributed as bonuses to loyal community members, particularly those active at Gold and Platinum levels in Notcoin Explore.
Unclaimed tokens will be added to the Notcoin treasury to support future projects, demonstrating Notcoin’s commitment to ecosystem enhancement and long-term viability. Following these initiatives, 95% of tokens will be in community hands, with 5% in the treasury.
Notcoin currently has a market cap of $1.65 billion, a 40.6% decrease since June 3. The token price has also dropped 43.4% from its all-time high, now trading at $0.01609.
In an exclusive interview, founders Andrew Rogozov from The Open Platform and Sasha Plotvinov discussed their vision and the challenges they've faced. Plotvinov emphasized the importance of a sustainable approach, advising others to focus on long-term goals and thorough testing to avoid future issues.
Notcoin plans to expand its services and deepen its integration with the TON blockchain. The team aims to engage the community with new games and interactive experiences, focusing on innovation and user involvement.
Notcoin's strategic token burn and rewarding initiatives distinguish it in the crypto market. With a strong community and a commitment to growth, Notcoin is poised for a promising future filled with new opportunities for its users.
