decrypt.co
Notcoin's $NOT token has surged by 50% following last week's launch of "earnings missions" that enable players of the Telegram-based game to passively earn crypto rewards.
$NOT is currently trading at $0.00971, up 52% over the past day and 76.3% over the past week, with a market cap of nearly $1 billion. That's moved $NOT into the top 100 assets by market cap, according to CoinGecko. And the token's 24-hour trading volume surged to $1.4 billion, up 327% on the previous day.
What is Notcoin?
Telegram-based "social clicker" game Notcoin enables users to earn its in-game token by clicking on a gold coin displayed on-screen, with additional rewards available for completing quests and making use of "boosts."
In mid-May, Notcoin completed its airdrop of the $NOT token on The Open Network, with players able to claim an allocation of $NOT based on the in-game coins they mined.
The airdrop, the biggest gaming token launch of the year so far, saw some 35 million players entitled to claim $NOT tokens from their in-game activity.
Last week, Notcoin launched "earning missions," which enable users to earn passsive rewards of $NOT tokens through completing quests.
These quests typically require players to participate in the communities of "partner projects," and are allocated based on the player's in-game level—which is itself determined by staking $NOT.
Open Builders founder Sasha Plotvinov told Decrypt's GG that the firm has grand ambitions for the game, aiming to make it "the Netflix of social, viral games" by evolving into a launchpad for other developers to create their own crypto social games.
Edited by Stacy Elliott.