• TOKENS

Notcoin creator launches Earn program offering token rewards for Telegram Wallet users

theblock.co 11/12/2024 - 13:05 PM

Open Builders Introduces Earn Launchpool Platform

Open Builders, the creators behind the popular clicker game Notcoin, has introduced Earn, a launchpool platform designed to reward users for simply holding TON-based tokens in the Telegram Wallet app.

Built by TON Foundation, Wallet is a feature within the Telegram messaging app that enables users to manage and transact with cryptocurrencies directly through the platform. It supports assets such as bitcoin, USDT and TON ecosystem assets, allowing the buying, selling, exchanging and transferring of these digital currencies. Users can access the wallet by interacting with the @wallet bot on Telegram.

Earn is the first such initiative from Notcoin, designed to encourage participation in the ecosystem by offering users a way to unlock rewards without more complicated staking mechanisms.

Notcoin was the first Telegram game to pioneer the clicker model, where all users had to do was press a button and earn in-game currency, which later became a $1 billion token airdrop. Nocoin’s pseudonymous founder, known as Sasha, outlined the project's evolution in June. The plan for the next four years involves making the project independent by developing sustainable and efficient subsystems, Sasha shared with The Block.

Where do the rewards come from?

The Earn rewards come from new project launches effectively airdropping some of their tokens to holders of existing Telegram-linked, TON-based coins like NOT and DOGS, the team told The Block. Users can participate in multiple project pools simultaneously, such as the Notcoin Pool or DOGS Pool, with hourly rewards distributed based on users’ leaderboard rankings from on-chain snapshots. There are also exclusive pools for Gold, Platinum, and Early Notcoin Stakers.

Users can simply request to access the pools, and their wallet balance is automatically checked. If they meet the requirements, they can join and start earning rewards without needing to move their funds or stake their assets. Conditions vary for each independently operated pool, and although anyone can participate, rewards are currently distributed only to the top 100,000 holders in a pool, according to the team.

One of the initial projects featured on Earn is BUILD, a community-driven token created to reward active participants across Telegram's ecosystem. Earn is also set to introduce NOT PX tokens this month, broadening the range of rewards and offering additional opportunities for user engagement.

Telegram Clicker Game Craze Fuels TON Blockchain Growth

Telegram mini apps are lightweight, web-based applications that can be embedded and accessed directly within the popular messaging platform, which claims to have over 900 million users.

Telegram has expanded its crypto footprint this year, with millions of gamers using the messaging app to play tap-to-earn games like Notcoin, as well as Hamster Kombat, Catizen, and Yescoin, in hopes of earning corresponding tokens on the TON blockchain.

Notcoin’s NOT token went live on TON blockchain in May, peaking at a market cap of around $1.5 billion before dropping to around $782 million, according to The Block’s Notcoin Price Page.

Capitalizing on the games' explosive growth, Telegram also introduced a mini-app store and an in-app browser with support for Web3 pages in July.




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