[Notcoin announces the destruction of $10 million in tokens to promote ecosystem development]
Notcoin (NOT) will launch a token burn program on June 16 in an effort to boost its ecosystem. The plan will burn approximately $10 million worth of tokens and reallocate some of the unclaimed tokens to fund future development. This move aims to stabilize and increase the value of the token while ensuring the long-term growth and innovation of the project.
Token burns combat inflation by reducing the total supply and increasing the value of remaining tokens. Notcoin shows its commitment to long-term growth by reallocating unclaimed tokens to fund development. This strategy ensures that the project is fully funded, allowing for continuous improvements and the introduction of new features.
Notcoin founder Sasha Plotvinov and The Open Platform (TOP) founder and CEO Andrew Rogozov discussed Notcoin’s rapid growth and future plans in a joint interview. Notcoin has attracted more than 35 million players and 6.5 million daily active users since its launch as a Telegram mini-app.
The founders shared their background and entry into the crypto industry, attributing Notcoin’s rapid adoption to its easy onboarding process, virality, and competitive leaderboards. Integration with the TON blockchain provides a foundation for scalable functionality and security, enhancing user trust.
During the development process, Notcoin faced challenges such as rapidly expanding its functional infrastructure and dealing with the use of bots. The founders emphasized a community-centric approach that prioritized users and avoided hidden token sales, fostering a sense of unity and belonging among participants.
Looking forward, Andrew and Sasha expect the Notcoin and TON ecosystem to grow significantly, with more games and experiences enriching the community. The development of automated subsystems will create and attract value within the ecosystem.
The Notcoin Explore beta phase has shown promising results, with explorers earning over $1.5 million from 20 campaigns. The platform aims to be the premier destination for discovering Web3 projects on Telegram and other platforms.
