beincrypto.com
The airdrop claim for Notcoin’s (NOT) native token ended on June 16.
According to the Notcoin team, the token now has 11.5 million holders.
Notcoin’s Epic Debut
On May 16, Notcoin developers launched the NOT token based on The Open Network (TON). The token was quickly listed on major trading platforms, including Binance, Bybit, and KuCoin. The asset’s capitalization exceeded $1.8 billion in just a few weeks.
The team launched an airdrop alongside the exchange listings, allowing nearly 35 million players to earn rewards for clicks. The value of NOT has been actively growing. In early June, a sharp increase helped Notcoin break into the list of the 50 most capitalized cryptocurrencies and placed it fourth in daily trading volume, behind Bitcoin (BTC), Ethereum (ETH), and Tether (USDT).
According to BeInCrypto data, NOT’s value has increased by over 164% in the past month. At the time of writing, the token is trading at $0.0175 after losing 13.5% in the last 24 hours.
Read more: What is Notcoin (NOT)? A Guide to the Telegram-Based GameFi Token
The mining phase, where players earned coins for clicks, ended in early April. However, players could still claim their tokens through a mini-apps in Telegram. This app allowed them to send tokens to an exchange, withdraw them to a personal wallet, or store them in Notcoin.
What’s Next for NOT
The Notcoin team noted that 11.5 million users have claimed NOT. Most of the airdropped tokens have been distributed, with the remaining tokens designated for further project development and a small portion set to be burned.
“Most of the drop was distributed already, unclaimed tokens will be put into the future development, part will be burned. In addition, there will be an extra reward for those who staked for Gold and Platinum levels. The more you do for Notcoin, the more you get back, as usual,” the Notcoin team stated.
A prominent analyst Alex Krüger recently called NOT the best meme coin on the market, noting that traditional strategies for creating meme coins are losing effectiveness. Unlike conventional projects, Notcoin offers unique gaming elements, attracting a wider audience.
Read more: 5 Top Notcoin Wallets in 2024
Others have already replicated the mini-app’s popularity. Another tap-to-earn game, Hamster Kombat, appeared on Telegram in late March, attracting more than 150 million users.